Author: Harry Watt
Graincorp (GNC) +11.55%: shot higher, reversing a soft start to the week with the market concerned with China’s keenness to tariff Australian exports. Today though the focus was turned back on to the businesses strong first half trade which saw earnings swing back into a profit. The 1st half EBITDA figure of $183m was a beat […]
Xero (XRO) -4.77%: Full year results for the accounting software provider and the stock dropped on the back of it. The short-term numbers were a tad below market expectations which accounts for the weakness, revenue $718m v $730m exp, EBITDA $137.7m v $150m expected while they booked a small net profit for the year. This […]
Goodman Group (GMG) +3.75%: They came out and reconfirmed both earnings and dividend guidance for the full year, highlighted that gearing is at the lower end of their target range (0-25%) and they have cash ($1.4bn) + funding facilities ($1.1bn) currently available. A property stock that pays 50% of their earnings out in dividends and reinvests the […]
Incitec Pivot (IPL) Trading Halt-: the fertilizer & mining explosives business raised capital alongside their half year report today. The report was better than expected with a ~7.5% beat to expectations on the EBIT line to $159m, up 34% on last year. The beat was driven by the decent growth in explosives in both Australia […]
Macquarie Conference: a few big hitters rounded out the final day of the virtual conference today. Beach Petroleum (BPT) was the last of the energy names to talk, trumpeting their strong balance sheet and capex flexibility as well as the large portion of earnings that come from fixed price contracts or hedged production. We own Beach in […]
Macquarie Conference: Day 2 of 3 of the conference today with one of our holdings taking to the virtual lectern. Tomorrow has Caltex, Perpetual and Beach energy among the big names, but today presenter Bingo (BIN) initially traded higher before tracking lower through the afternoon. The company-maintained margins above 30% through the third quarter, on track to reach […]
Macquarie Conference: a new look Macquarie conference kicked off today as presenters moved online to reach investors. The virtual conference will continue through until Thursday with a broad range of companies presenting. Investor presentations like these are a chance for the executives to talk up activity, with most stocks that presented closing higher in the […]
James Hardie (JHX) +4.85%: shares in JHX were higher today with the company updating the market on business activities and guidance. They talked up their early response to the pandemic with strict social distancing guidelines and hygiene focus coming into effect ahead of the virus allowing many manufacturing sites to continue businesses as usual. The […]
Westpac (WBC) +2.80%: Westpac this morning released 1H20 results and there wasn’t a lot of new news from an earnings perspective – 1H20 was very similar to 2H19 with a few swings and roundabouts. Net interest income increased by 1% from 2H19 to 1H20 as a result of no change in net interest margins and a […]
Flight Centre (FLT) -6.27%: provided an update to the market of activity seen in the midst of the collapse in travel. According to the company, it is running at just 5-10% of ‘normal’ levels in April in a sign that people are still keen to travel despite the problems raised by CV-19. Flight Centre also […]
