Month: October 2020
ANZ Bank (ANZ) -2.4% The first bank to release FY20 results today and it was okay. Cash profit of $3,758m and EPS of 132.7cps were down 42% on FY19, however pretty much in line with market expectations. The final dividend is 35cps which comes on top of the 25cps in the 1H taking the full […]
Afterpay (APT) +7.28% Moved back over $100 a pop today on 1st quarter numbers that impressed, $4.1b sales in the quarter is more than double the $1.9b in 1Q20 with millennials accounting for a significant portion of the 98% active customer growth. North America remains the main frontier for the BNPL sector – Afterpay had 6.5m […]
Coles (COL) +2.73% Out with first quarter numbers today with sales up 10% on the same period last year as the Aussies eat and drink more at home. Victoria was the main contributor to the 9.7% LFL sales growth for supermarkets given the more onerous lockdown conditions. Liquor also benefited with a very strong 17.8% LFL […]
Corporate Travel (CTD) -7.33% Travel stocks were broadly weaker today with the market, though CTD fell more than peers on the day it hosted it’s AGM. The company note it had recorded an EBITDA loss of $1.6m and $3.5m cash burn for the month of September, with $120m net cash it looks well placed to […]
Coca-Cola Amatil (CCL) +16.28% On the flip side, CCL confirmed it had received a bid from Coca-Cola European Partners (CCEP) at $12.75/share. The non-binding offer was an 18.6% premium to yesterday’s close while the announcement noted the current bid followed “ number of previous proposals” suggesting the Amatil board had managed to negotiate an improved […]
Oz Minerals (OZL) +5.27% Another standout quarterly report for the copper miner now three quarters through the year. The new Carrapateena mine was operating well, as was the key Prominent Hill asset – both also seeing downward pressure on costs in the period. Guidance was maintained for copper, but increased on gold production expectations by […]
Temple & Webster (TPW) -17.18% Market darling gave back all of its impressive October performance today as the AGM failed to light up investor expectations. The comments from the CEO were outstanding – Revenue up 138% for the period to 19 October, EBITDA for the first quarter at $8.6m already ahead of the whole of […]
BHP Group (BHP) 1.77% Out with Sep QTR production numbers today that were all okay. This quarter is generally a softer one due to more maintenance and that proved the case this time around however relative to this time last years, overall production was 2% higher. Importantly key earnings sources – iron ore and copper – […]
Zip Co (Z1P) -1.39% Announced the launch of Tap & Zip, a payment option that allows customers to use Zip payments at any store. Customers will add a virtual card to their Google or Apple wallets to then use at any terminal that accepts Visa to pay with the amount being added to their Zip […]
Really bullish, there's more to go in the reflation rally
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