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Month: August 2020

James Hardie (JHX) +6.83% One of the top performers today, James Hardie impressed the market with a “better than feared” first quarter, along with supportive outlook statements despite the headwind’s construction is seeing. While sales slipped just 5%, first quarter profit was down nearly 90% on last year to just $US9.4m. The company expects a […]

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Ive Group (IGL) -21.88% The hits keep coming for IVE Group with Coles scaling back the use of weekly catalogues. This is an obvious negative to IGL and when viewed against high leverage and an uncertain operating environment it’s a hard one to stomach. Coles today said that from September 2020 they will cease distribution […]

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Adairs (ADH) +11.31%: one of the winners of lockdowns appears to be homewares retailer Adairs which saw EBIT rise 24% in its main brand, while the contribution of the online only company Mocka helped total group EPS rise 17% to 21c, a 9% beat to estimates. Online sales were the main driver with a meteoric 110.5% […]

GPT Group +0.52% The diversified property manager was out with half year results that confirmed the big separation in performance between classes of property through the first half of the year. GPT manage office, retail and industrial space making it a great bell weather for reporting season across the REIT space. Office:  Leasing held up […]

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