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Month: July 2020

WHAT MATTERED TODAY

Rio Tinto (RIO) -0.73% 1H20 results are just out for RIO and it’s a beat according to Peter O’Connor – mining analyst at Shaw & Partners. At the earnings line, they topped expectations by around 9% and 4% at the EBITDA line. That is a good outcome. Here are Peter’s main points: ·         NPAT beat saves […]

  • Posted in ASX:RIO
  • Comments Off on Rio Tinto (RIO) first read of half year result

Wisr (WZR) -1.96% Alternative finance play Wisr was out with their 4th quarter update which showed more growth despite the resounding weakness in the broader economy. Loan originations for the quarter came in at $42.2m, 8% higher than the 3rd quarter, and nearly double that of the last quarter. Revenues followed suit, up 188% on […]

  • Posted in ASX:WZR
  • Comments Off on Wisr (WZR) proving growth is still available

Emeco Holdings (EHL) -4.81% Ended the session down today after initially rallying +7% on a good set of FY20 results. It looks to me like the stock rallied pre-result which smells a little but I’d also think that some large cap managers are taking this as a selling opportunity after EHL was removed from the […]

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  • Comments Off on Emeco (EHL) result shows positive progress

Perpetual (PPT) unch Moved to raise $270m today as it looks to buy a controlling stake in US fund manager Barrow Hanley. The Aussie fundie will pay $US319m for the 75% stake, with around half of the price coming from existing cash and a new debt facility along with today’s equity raise. New shares will […]

  • Posted in ASX:PPT
  • Comments Off on Perpetual (PPT) buys US fund manager
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