Afternoon Report Thursday 26 February 2015
• The ASX 200 broke its 3-day winning streak, ending 36 points lower at 5,908 on Frebuary Equity options expiry day.• The Banking sector looked exhausted from recent moves. Commonwealth Bank closed 0.5% lower at $90.42 and Westpac (WBC) down 0.5% at $37.68• The Iron Ore sector had little change, with BHP Billiton (BHP) up 6c at $33.56 despite trading 30c lower in the US markets overnight.• Reporting season standout wrap 26 February 2015:
o Adelaide Brighton (ABC) +7.5% at $4.18. ABC reported above consensus as well as positive future earnings to be seen.o Alumina (AWC) -1.1% at $1.83.5. AWC reported a net loss of $98.3m, less than expected and resumed paying dividends.o Billabong (BBG) -3.9% at $0.615. BBG returned to profit for the first time in 3-years. o IOOF Holdings (IFL) -3.6% at $10.28. IFL after reported its earnings lower than consensus, however it is still pursuing to acquire businesses this year.o Japara Healthcare (JHC) +7.3% at $2.64. JHC beat earnings consensus and declared an interim dividend of $0.055.o Macquarie Atlas (MQA) -2.8% at $3.18. MQA reported well below consensus and investors now fear on its future dividend payouts.o Nine Entertainment (NEC) +9.4% at $2.03. NEC reported above consensus and surprised investors with an on market buyback of up to $150m on top of its declared interim dividend of $0.042.o Perpetual (PPT) -2.3% at $53.59. PPT reported its earnings slightly lower than consensus.o Qantas (QAN) +1.4% at $2.85. QAN earnings returned back in profit, beating consensus, however it has recently been priced in already.o Ramsay Healthcare (RHC) +3.6% at $66.42. RHC beat consensus and lifted its earnings guidance for FY15 by 15-20%.o SAI Global (SAI) -2.3% at $4.17. SAI missed its guidance and sold off by close.o Sydney Airport (SYD) -3.5% at $5.00. SYD reported in line with expectations, declaring a dividend of 12c a share.o Transfield (TSE) -6.4% at $1.53. TSE missed analysts’ expectation with investors’ concerns of net debt and gearing higher than expected and USD debt to be an issue going forward.
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