Author: Harry Watt
Wesfarmers (WES) $47.05 First half result yesterday for Wesfarmers reasonably close to market’s expectations, however the stock was bid up one some signs the slowdown in Bunnings’ sales growth may be behind it. Revenue and earnings were both up around 6% on a comparable basis. Bunnings, which now accounts for more than half of the […]
BHP Group (BHP) +0.91% 1H20 numbers out this morning. Revenue climbed 3% on the first half of 2019, while net profit jumped nearly 30% thanks to a commodity price tailwind in iron ore. The $US5.2b profit was around 2% below expectations for the half. The biggest miss was the dividend, with BHP reducing its payout […]
Altium (ALU) -13.49% They were out with 1H20 earnings after market yesterday, although they did go into a trading halt during the match which is strange. In any case, the guidance is really key in this business and what the market has focused on, and to that end they guided to full year revenue to […]
Bendigo Bank (BEN) The regional was out with 1H20 results yesterday and as widely expected, they also launched a $300m capital raise to boost their balance sheet. In terms of the result, they experienced 1% loan growth on the half, which included a 3% increase in residential lending offsetting a decline in commercial lending. Like […]
AMP $1.87 A bad result for the group yesterday, but something the market expected. Wealth Management outflows have crippled earnings which sank to a loss of $2.5b. on an underlying basis, earnings fell around 30% to $464m for the full year. There was $6.3b of outflows in the year, although around a third came from […]
IDP Education (IEL) +28.42%: surged into new all-time highs today with a solid half year result more than offsetting the coronavirus related weakness of the past few weeks. The student placement services, and English language testing operator saw a 42% lift in NPAT in the first half on the back of decent revenue growth across […]
CBA released 1H earnings this morning that are ~3% better than expected. Cash NPAT came in at $4.477b for the half versus $4.344b expected. Earnings per share (EPS) printed $2.53 v $2.44 expected, a ~3.7% beat while the all important dividend remained flat at $2. Earnings were down -4.3% on 1H19 due to a flat […]
Stock Suncorp (SUN) $12.28 as at 11/02/2020 Event Following on from their recent update on insurance claims, Suncorp has today released their half year results which have missed the mark. Shares are trading around 2% lower today to be one of the worst performing stocks in the ASX200 which is trading strongly higher. 1st half […]
Stock JB Hi-Fi (JBH) $43.02 as at 10/02/2020 Event Stand out electronics retailer JB Hi-Fi released it’s first half earnings report today which has sent the stock more than 7% higher to all-time highs, while the broader market struggles to get going. In what was considered to be a difficult 6 month period for retail […]
Flight Centre (FLT) -2.38% The travel bookings company briefly halted trading mid-afternoon today to update the market ahead of their 1st half result talking up the first 6 months of the year, but pouring cold water on full year guidance as the coronavirus impacts travel. the company expects first half to come in slightly ahead […]
