Author: Harry Watt
Costa Group (CGC) +11.82% CGC is a December year end so Friday was their 1H results. The rhetoric being the most optimistic I’ve heard in a few years, although in fairness, the bar was set low. Revenue of $612.4m was as expected however profit for the half was stronger by a decent margin. Market expectations […]
Pointsbet (PBH) +86.67% Full year results were largely in line with expectations, if not a little better despite the EBTIDA loss increasing to -$37.6m. Pointsbet has been focusing on winning market share in the US, and spending big to do it so it wasn’t a huge surprise that it printed another loss for the financial […]
Bingo (BIN) +13.49% The result I was most concerned about this reporting season dropped today and it beat on all metrics. The bearish thesis was around weak construction hurting earnings, reduced earnings putting pressure on the balance sheet and a forced equity raise the obvious consequence….well, that didn’t happen with revenue holding up while earnings […]
Z1P Co (Z1P) +13.05% Ripped higher today after announcing an earlier than expected July trading update, which was strong overall. The focus was on their recent QuadPay acquisition and todays update confirmed the business is accelerating in the US – it was ~$98m for TTV for Quad in July alone with further seasonally strong periods to […]
Suncorp (SUN) +11.05% SUN reported a FY20 profit of $913M and a fully franked final dividend of 10 cps on Friday. The profit was a big beat to market expectations ($817m) with the result driven by strength in their general insurance business which saw a big expansion in margins. The bank delivered a profit of $77M for […]
South32 (S32) -0.47%: full year result was pretty poor vs last year but reasonable to what the market was after. EBIT was down nearly 70% but landed around 4% ahead of the market, they paid a 1USc dividend and extended the current buyback by 12 months – it has been paused but they plan to […]
Wesfarmers (WES) -0.20% A good result out of WES today and although the stock finished slightly lower that should be viewed against the backdrop of the stock trading at all-time highs. When looking at WES, the EBIT line in the critical one and todays result was inline, however the highlight was Bunnings which delivered FY20 LFL […]
Corporate Travel (CTD) +10.63% A stock we wrote about favourably earlier in the week as a leveraged play on a vaccine / economy reopening and today they delivered a better result than downbeat expectations. Revenue was $349.9m v $331m expected, underlying NPAT wad $32m v $31m expected and they talked to a strong level of […]
Oz Minerals (OZL) +3.90% 1H20 result showing underlying NPAT of $80 million (up 82%) on higher volumes and a strong gold price, EBITDA of $251 million (up 55%) at a robust operating margin of 44%, strong operating cash flows of $151 million (up 49%), Fully franked interim dividend of 8 cps declared. In terms of […]
CSL Limited (CSL) +6.4% Delivered an inline result plus guided to profit for FY21 of $2.1bn-$2.26bn which implies only small growth on the $2.11bn delivered in FY20 + was a ~5% miss to current market consensus, yet the stock still put on +6.4% – why? The market was concerned about plasma collections during lockdowns however […]
