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Month: August 2020

Z1P Co (Z1P) +13.05% Ripped higher today after announcing an earlier than expected July trading update, which was strong overall.  The focus was on their recent QuadPay acquisition and todays update confirmed the business is accelerating in the US  – it was ~$98m for TTV for Quad in July alone with further seasonally strong periods to […]

  • Posted in ASX:Z1P
  • Comments Off on Zip (Z1P) shoots higher on business update

Suncorp (SUN) +11.05% SUN reported a FY20 profit of $913M and a fully franked final dividend of 10 cps on Friday. The profit was a big beat to market expectations ($817m)  with the result driven by strength in their general insurance business which saw a big expansion in margins. The bank delivered a profit of $77M for […]

  • Posted in ASX:SUN
  • Comments Off on Suncorp (SUN) insurance margins improve

South32 (S32) -0.47%: full year result was pretty poor vs last year but reasonable to what the market was after. EBIT was down nearly 70% but landed around 4% ahead of the market, they paid a 1USc dividend and extended the current buyback by 12 months – it has been paused but they plan to […]

  • Posted in ASX:S32
  • Comments Off on South32 (S32) in good shape to weather storm

Wesfarmers (WES) -0.20% A good result out of WES today and although the stock finished slightly lower that should be viewed against the backdrop of the stock trading at all-time highs. When looking at WES, the EBIT line in the critical one and todays result was inline, however the highlight was Bunnings which delivered FY20 LFL […]

  • Posted in ASX:WES
  • Comments Off on Bunnings, Officeworks leads Wesfarmers result (WES)
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