Author: Harry Watt
St Barbara (SBM) +10.33%: had the help of a higher gold price, but the bulk of today’s jump for SBM came on the back of the 4th quarter production update which saw a strong finish to the year. While the full report is due later this month before the full year report, St Barbara managed just shy of […]
Tyro Payments (TYR) +3.03% : We’ve been tracking the weekly payments data provided by TYR as a proxy for the broader domestic economy – TYR was/is the fastest growing payments terminal provider and likely to be a good indicator of broader offline sales. TYR results are continuing to show a broader economic recovery although week on […]
Adbri Limited (ABC) -25.4%: formerly Adelaide Brighton, tanked today on Alcoa electing not to renew a supply contract up for expiry in 12 months’ time. The lime supply contract was worth around $70m in annual revenue for Adbri, though there are no material impacts to revenue until after the current contract rolls off next year […]
Webjet (WEB) -2.8%: the rest of the travel stocks were broadly higher today, but Webjet slipped from the pack, falling nearly 3% after pricing up a €100m convertible note deal. The proceeds will be used to reduce debt stress on the balance sheet, with $50m of near term debt repaid and the remaining facility extended […]
Qantas (QAN) Launched a chunky $1.4b institutional placement yesterday along with a $500m share purchase plan today with the airline bringing in sweeping changes to keep the businesses in operation and hopefully come out of the crisis in better shape. Institutions were offered stock at $3.65 a share, a healthy but not excessive 12.9% to […]
Dexus (DXS) +0.90%: property manager Dexus is poised to sell one of their prime Sydney office blocks for $530m. Singapore’s Peakstone approached Dexus with an offer for 45 Clarence Street in line with the carry value seen at the half year result which was enough for the current owner to take notice. The deal will still require […]
Western Areas (WSA) +16.02%: the best performer on the 200 today on some positive drilling results at the South Australian Western Gawler Project. The initial drill results have the project on course for a similar set up as Oz Minerals key development project at West Musgrave. The price of nickel has been under pressure over […]
Transurban (TCL) -4.09%: the toll road operator out today with a trading update and cut to their dividend for the full year, announcing that a 16c payment will be made for the final dividend of FY20, nearly half that paid at the half year – not unexpected but clearly not a positive. In terms of […]
Splitit (SPT) +108.33%: the latest BNPL player to charge higher today, with shares in SPT more than doubling in the session after they announced a partnership with Mastercard. Clearly access to customers and merchants is key in the BNPL space, and the deal could potentially see Splitit capture a wide audience in just a short […]
Shaver Shop (SSG) +15.32%: one of the retailers that has managed to see some benefit from the COVID era has been Shaver Shop which today announced full year guidance. With just 2 weeks left in the year, sales are 1% higher through the same period last year, with online sales more than doubling. The company […]
