Month: November 2020
National Bank (NAB) +3.26% Rallied today despite a marginal miss at the profit line in their FY20 result today, the bank booking cash profit of $3.71b v $3.75b expected, the final dividend was declared at 30cps which was in line with the market, taking the full year payout to 60cps. The interesting part of the […]
Treasury Wines (TWE) -8.19% The wine distributor fell on the day of its AGM with the company battling a number of complex issues. A few factors that contributed to the fall include the delay to the Penfolds demerger, Chinese investigations and US restructuring. Treasury was looking to spin out the premium Penfolds brand by the […]
Pushpay (PPH) -12.7% Was out with first half results yesterday for the 6 months to September, operating revenue climbing more than 50% on 1H20, hitting $US85.6m while gross margins also expanded thanks to operating leverage. They upped FY EBITDAF guidance for the full year to $54-58m, although the market was already at that figure. The […]
Westpac (WBC) -0.61% Full year results for WBC out pre-market this morning booking cash profit of $2,6b which was in line with expectations. Cash EPS was 72c which compares to the 74c expected while the dividend was 31cps representing a 49% payout ratio. In terms of the dividend, the market was forecasting 25c while a […]
Building Stocks Big beat for domestic building approvals today, coming in at +15.4% vs an expected 1.5%. The big beat was driven by a lift in the number of private approvals – both housing and other dwellings were up strongly. It has been a choppy rebound to construction with July showing 11.7% increase before August saw […]
