Month: August 2020
Corporate Travel (CTD) +10.63% A stock we wrote about favourably earlier in the week as a leveraged play on a vaccine / economy reopening and today they delivered a better result than downbeat expectations. Revenue was $349.9m v $331m expected, underlying NPAT wad $32m v $31m expected and they talked to a strong level of […]
Oz Minerals (OZL) +3.90% 1H20 result showing underlying NPAT of $80 million (up 82%) on higher volumes and a strong gold price, EBITDA of $251 million (up 55%) at a robust operating margin of 44%, strong operating cash flows of $151 million (up 49%), Fully franked interim dividend of 8 cps declared. In terms of […]
CSL Limited (CSL) +6.4% Delivered an inline result plus guided to profit for FY21 of $2.1bn-$2.26bn which implies only small growth on the $2.11bn delivered in FY20 + was a ~5% miss to current market consensus, yet the stock still put on +6.4% – why? The market was concerned about plasma collections during lockdowns however […]
JB Hi-Fi (JBH) +4.8% Another strong result for JBH – without the benefit of a strong online offering (only 8% of sales). Top line sales beat expectations for FY20 coming in at $7.92bn v $7.88bn while underlying NPAT was $332.7 versus $328m expected (not $302m as suggested in the recording this morning – that was statutory […]
Lend Lease (LLC) +1.39% A particularly messy result even to LLC standard given they’re in the middle of offloading their engineering business. The core business posted a $96m profit for the year however they also realised a $406m loss on the outgoing business which included $368m in exit costs. Those figures were largely pre-guided in […]
Really bullish, there's more to go in the reflation rally
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