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.
ZIP -4.56%: the BNPL company was out with their quarterly report for the 3 months to March and there was a bit to unpack – they also started trading under their new code, ZIP, previously Z1P (number 1).
RHC +24.24%: articles about a potential takeover of Australia’s largest hospital operator started popping up overnight forcing Ramsay to confirm the reports this morning.
PPS +15.32%: a strong rally for the investment platform today, bouncing back from recent weakness thanks to a decent funds under administration (FUA) update.
EML -38.56%: shares in the card payment business EML were dumped today after the company downgraded guidance for FY22. Revenue guidance was lowered to $225-235m, from $230-250m, and EBITDA guidance was cut 8% to $52-55m.
PTM -15.02%: the fund manager struggled today after trying to sneak through a disappointing FUM update after market yesterday. They saw $222m in net outflows, but FUM fell a total of $1,676m to $19.4b, down 8.6% in March as performance weighed.
ALG +6.18%: the theme park and entertainment company has offloaded its US Main Event business today to US listed Dave & Buster’s. The $US 835m deal, expected to complete later this year, will see 5,150 laser tag, bowling and entertainment sites change hands.
MIN +5.69%: following the surge in demand for lithium, Mineral Resources has announced it will accelerate its growth plans for both the Wodgina and Mt Marion assets. At Wodgina, they’re expecting first production from Train 1 to hit in May, and has now accelerated the resumption of production at Train 2 for first production in July.
PDL +18.08%: the fund manager received a takeover bid from competitor Perpetual (PPT) which sent the stock surging today. Perpetual’s non-binding indicative bid offered 1 PPT share for every 7.5 PDL, as well as $1.67/share in cash.
SIG +1.92%: Sigma is a chemist retailer operating under brands like Amcal and they also have a large wholesale business, although smaller than it once was after losing the contract to supply Chemist Warehouse a few years ago
NEA +16.6%: mapping technology company Nearmap announced it was on track to reach the top end of guidance after winning its largest government contract in North America.
UWL +27.3%: this morning The Australian reported that the telco had received a takeover offer from an unnamed bidder. Shares were placed in a trading halt soon after the open, and by mid-afternoon the company had confirmed that infrastructure group Morrison & Co had put forward a $4.50/sh offer
ELD +11%: the agricultural services business jumped to more than decade-highs today on the back of a strong trading update. Full year guidance was given for the first time in FY22 for the September year end, the company predicting EBIT growth twice as strong as consensus estimates.
MYR +24%: reporting their first half results for 6 months to 29 January, the department store surprised to the upside for the first time in a while. Profits were up 55% on last year after stripping out jobkeeper, with sales +8.5%.
NIC -4.75%: briefly traded to a 4 month low early in the session before the ASX halted trading in the shares just before 11AM. Major shareholder Tsingshan has been short at least 200koz of nickel forcing the price significantly higher in the recent sessions.
AGL -1.75%: Over the weekend, the Cannon-Brookes / Brookfield consortium increased their bid for AGL from $7.50 to $8.25 before the AGL board formally rejected the offer, saying it still undervalued the group.
BHP and Woodside have agreed a deal whereby Woodside will acquire BHP’s Petroleum business. BHP shareholders will receive payment in WPL shares with BHP shareholders set…
SIG -2%: surprisingly tough finish to the day for Sigma who substantially upgraded guidance for their FY22 result due out at the end of the month. The pharmaceutical wholesaler upgraded EBITDA guidance to 10-15% growth for the year against previous guidance of -10%
DUB -4.76%: cloud call recording and AI business Dubber reported aftermarket yesterday to wrap up the reporting period. The result was largely pre-released at the quarterly update in January with Revenue and ARR growth known.
Z1P Trading Halt: The Buy Now Pay Later (BNPL) company was in a trading halt today following the announcement of their 1H22 results, the acquisition of competitor Sezzle (SZL) and a ~$200m equity raise priced at $1.90.
COL +3.17%: A good set of 1H22 results today for Coles, particularly in the context of where the share price has traded over the past 6 months, down from ~$19 to below $16 on concerns around supply chain issues.