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Australian Investment Blog


Commonwealth Bank (CBA) shares rally on 1Q

CBA +0.96%: 1Q numbers out for the biggest of the Big 4, CBA shows it remains the quality pick of the banks with a strong start to FY24. Cash NPAT of $2.5b was around a 3% beat to consensus expectations championed by what looks like better-than-expected Net Interest Margins (NIM) despite some upward pressure on deposit pricing.


Westpac (WBC) rallies on FY23 results, buyback

WBC +1.95%: Rallied today after delivering a largely inline FY23 result, although the $1.5bn on market share buy-back announced was a positive surprise while they also made better progress on costs.


Is Treasury Wines (TWE) a buy?

On Tuesday, TWE announced the $1.6bn acquisition of upmarket Californian unlisted wine group Daou Vineyards, another foray into the US, which some would argue hasn’t been a great hunting ground for the winemaker over the last decade.

Resource sector

Uranium remains hot – what stocks do we own?

Cameco reported quarterly earnings that were ahead of expectations overnight and talked to a strong backdrop for ongoing strength in the global Uranium market – shares rose 8.06%.


Why did Whitehaven (WHC) shares fall despite a big profit

WHC -5.08%: A strong year for the coal producer with underlying revenue of $6,06bn which was broadly inline with consensus, EBITDA of $3,99bn (v consensus $4bn) & an underlying net profit after tax (NPAT) of $2.7bn which was inline with expectations.


Why did Coles (COL) shares fall on its result

COL -7.06%: FY23 numbers out for the staples business, Coles was largely in line but it looks like it gets harder from here. Revenue of $41.5b was largely in line while EBIT at $1.97b was a small miss, driven by a softer-than-expected Supermarket result.


Why did BHP Shares fall despite $US13b profit

BHP -.0.71%: A softer session for BHP following their FY23 results out this morning, with earnings coming in around 3% below consensus, while forward-looking capex was higher as cost pressures continue to work against the miners at a time when their biggest customer is wobbling


Why did Nick Scali (NCK) share price rally on FY23 results

NCK +13.27%: the furniture retailer hit 6-month highs today on a strong result but flagged a weak start to FY24. Revenue of $507m was largely in line with consensus however better margins drove a 5% beat at the profit line to $101m.


Commonwealth Bank (CBA) Reports Record Profits

CBA +2.58%: Australia’s 2nd largest company (behind BHP) released FY23 results this morning that were a modest beat to expectations as margins improved 17bps to 2.07%, ahead of the 2.05% consensus expectations.


Why did James Hardie (JHX) shares rally?

JHX +14.38%: Produced a material beat versus expectations at their 1Q24 result today exposing the many drivers they have across their business to cope with operational challenges.


Why did the ASX 200 jump on Australian Inflation Data

Inflation data for June out at 11.30am this morning came in below expectations and the market now believes the RBA will pause on rates this coming Tuesday. For June, prices increased 5.4% YoY (below 5.6% exp) while QoQ the 0.8% rate was below the 1.0% economists had tipped.


Market Matters Portfolio Performance for FY23

FY23 was a strong year for markets and we’re pleased to say, the Market Matters Portfolios captured this strength. In this week’s video update we discuss the performance of the Market Matters Portfolios and our positioning for what comes next in FY24.


Why did KMD Brands (KMD) shares struggle today?

KMD -9.28%: the NZ based retailer slipped to a 9-month low after flagging a soft finish to the 31 July year-end. KMD, which owns Kathmandu and Rip Curl, said they expect a record year for sales of $NZ1.1b, up from last year’s $980m but around 5% short of expectations.


Why did Strandline (STA) shares tumble today?

STA -5.45%: the mineral sands producer struggled today despite putting out a seemingly positive announcement that they have now shipped a total of 65kt of heavy mineral concentrate (HMC) from their Coburn asset in WA.


Why did AMP shares fall today?

AMP -6.14%: the wealth management company struggled today after losing two test cases in the Federal Court regarding the buyer of last resort (BOLR) program.


Why did Metcash (MTS) shares rally today?

MTS +4.74%: Full-year results out this morning were solid, and marginally ahead of consensus expectations. Underlying profit of $307.5 million was up 2.6% YoY and above Bloomberg consensus of $299.5 million.


Why are shares in ASX Ltd (ASX) falling?

We had previously written favourably about the ASX Ltd (ASX) back in March here, adding it to the Hitlist with the conclusion being that the defensive earnings & income were attractive for the Income Portfolio.


What has happened to Baby Bunting (BBN)?

BBN -16.85%: the latest retailer to downgrade guidance as we approach the end of the financial year, sighting a significant slowdown in sales in recent months will see earnings hit this year.


What happened to the IDP Education (IEL.ASX) share price today?

IEL -15.92%: an announcement out of Canada over the weekend saw a wave of selling in Idp today. The English language testing company has help a monopoly over the Student-Direct-Stream (SDS) visas with the company now allowing competitors to offer testing services.

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