Author: Harry Watt
Newcrest Mining (NCM) +1.93% Out with their FY20 and June Quarter production and sales scorecard today and the numbers were good. While they didn’t announce FY21 guidance (they will do at FY results next month), todays result showed that NCM, like OZL yesterday has turned the corner in terms of operational issues and can now […]
Beach Energy (BPT) +4.71% Out with quarterly production this morning and broadly speaking production was as expected at 26.7mmboe for the year with the final quarter seeing 6.8mmboe, slightly lower than the previous quarter. As with all energy names in the current climate, price received saw a big hit in the quarter, falling to $A44.90/bbl, […]
Centuria Office REIT (COF) +7.38% Reported full year earnings which were surprisingly upbeat despite all the doom and gloom in the office landlord space. The trust owns and operates 23 high quality office buildings across the country with 98.1% of the space leased at the end of the period and a WALE of 4.7 years. […]
Centuria Industrial REIT (CIP) Didn’t trade today as it looks to raise $340m to fund three acquisitions, the largest of which is a $416.7m purchase of a Telstra data centre in Victoria on a cap rate of 4.25%. The deal is significant, with the asset to make up ~20% of the total asset value in […]
Pinnacle (PNI) +10.22% Jumped out of the gates today continuing the recent strength to rally to 5 month highs on the back of a strong full year report. Pinnacle, which provides support frameworks and distribution for a number of boutique funds it also invests in, saw profit climb 5.6% to $32.2m for FY20 despite the volatility […]
Viva Energy (VEA) +4.97% Gave an update to the market on fuel sales amidst further lockdowns, particularly in Victoria. The petrol station operator saw petrol sales in the state fall 25% in July compared to the same month last year as a result of the stage 3 lockdowns for Melbourne. Fortunately, though total sales were […]
Rio Tinto (RIO) -0.73% 1H20 results are just out for RIO and it’s a beat according to Peter O’Connor – mining analyst at Shaw & Partners. At the earnings line, they topped expectations by around 9% and 4% at the EBITDA line. That is a good outcome. Here are Peter’s main points: · NPAT beat saves […]
Wisr (WZR) -1.96% Alternative finance play Wisr was out with their 4th quarter update which showed more growth despite the resounding weakness in the broader economy. Loan originations for the quarter came in at $42.2m, 8% higher than the 3rd quarter, and nearly double that of the last quarter. Revenues followed suit, up 188% on […]
Emeco Holdings (EHL) -4.81% Ended the session down today after initially rallying +7% on a good set of FY20 results. It looks to me like the stock rallied pre-result which smells a little but I’d also think that some large cap managers are taking this as a selling opportunity after EHL was removed from the […]
Perpetual (PPT) unch Moved to raise $270m today as it looks to buy a controlling stake in US fund manager Barrow Hanley. The Aussie fundie will pay $US319m for the 75% stake, with around half of the price coming from existing cash and a new debt facility along with today’s equity raise. New shares will […]
