Month: May 2022
BUB +40.21%: the infant formula company received FDA approval to sell tins into the US market today. America has been battling a shortage in infant formula after several brands were forced to recall products that had led to bacterial infections in a number of kids while supply chain issues have compounded the problem.
AGL -1.69%: Australia’s biggest energy retailer has scrapped plans to demerge its generation business with the Chairman and CEO stepping down as a result of the failed move.
ALQ +1.95%: technical testing company ALS presented FY22 numbers to the market today, coming in slightly ahead of expectations. Revenue grew 24% to $2.2b, and EBIT was up 36% for the year to $409m, around 2% ahead of consensus.
TNE -1.63%: first-half results were out for the HR & asset management SaaS business today with shares tracking lower despite a positive presentation. Annual Recurring Revenue (ARR) was up 44% on last year to $225m and Profit Before Tax (PBT) was 14% higher to $42.5m
ELD +8.91%: the agricultural services company was out with 1H numbers for the 6 months to March, coming in 5-10% ahead of consensus and upgrading guidance to help shares trade to new long term highs.
WBC +3.23%: A strong 1H22 result this morning from Westpac beating consensus expectations by ~6%.Cash NPAT of $3.1bn was ahead of the $2.9bn expected while the interim dividend of 61c was a tick above the 60c penciled in by the market.
NAB -0.59%: the second of the banks to report 1st half results, NAB shares were lower despite a small beat to consensus.
ABB -28.06%: shares in the fastest growing telco were hit hard today after tightening guidance to the lower end for the full year.
QAN +2.86%: A strong session today for the flying Kangaroo as they officially moved from defence into offence ordering a suite of new planes while also saying that 2H22 EBITDA would be $500m.
