Author: Harry Watt
Treasury Wine Estate (TWE) $12.35 a quarter of the company’s value was wiped off the stock today after they pre-released their first half result. The unaudited numbers show growth has stagnated, while the Americas, which was touted as one of the big opportunities, saw EBITS collapse 26% with falling volume and price. The company blamed […]
Oil Search (OSH) –7.52%; the OSH share price took a big hit today, following energy markets lower with increasing coronavirus fears, but also helped lower by a softer fourth quarter report. Production rose around 11% for the 2019 calendar year to 27.95mmboe, coming home with a wet sail to add over 7mmboe in the final […]
Western Areas (WSA) -3.65%; Hit a 4-month low today after announcing their December quarter production numbers to round out the half year. The only real surprise was a fall in sales for the quarter which dipped 20% on the second quarter. The company blamed the bush fires for delays in shipments while mill production remained […]
Downer (DOW) -18.6%; the big service contractor was also whacked today after downgrading NPAT for the year. The company was forced to take a knife to expectations as a result of a number of loss making contracts in their Engineering, Construction and Maintenance division with net costs to complete these projects increased by $43m whilst also […]
**This is an extract from the Market Matters Morning Report from 20 January. Subscribers have the opportunity to ask questions of the Market Matters team throughout the week. Click here to get access to the full report and more Question 2 “Hi Just a question for your next report. I’m looking at Abacus (ABP) as […]
Pact Group (PGH) +3.35%: shares climbed today after engaging the bankers to sell the contract manufacturing division after completing a strategic review of assets. The business up for sale provides a range of packaging solutions for manufacturers across a wide range of products contributed $25m EBITDA for FY19 which was down from $40m the prior […]
BHP Group (BHP) -0.1%: traded lower today but didn’t greatly under perform peers or the market by any means after posting their 2nd quarter production report. The four main segments for BHP are tracking in line with expectations, and guidance was maintained as is as a result, although petroleum production has been talked to the lower […]
Kogan.com (KGN) –22.17%; the company gave a business update today, covering the trading conditions of the first half which look to have come in behind some lofty expectations the market had. The company has beaten out last year’s half yearly, piggy backed by its highest Black Friday and Boxing Day sales events with Exclusive brands […]
Stock Super Retail Group (SUL) $9.52 as at 20/01/2020 Event Group sales across the Super Retail brands saw total sales growth of nearly 3% to 28 December despite the impact of drought and fires late in the second half, however it has not been enough to please the market with shares trading lower throughout the […]
Stock Rio Tinto (RIO) $105.14 as at 17/01/2020 Event Out today with their December quarter production numbers and the stock is trading higher on the back of a reasonable effort for the full year. The two key production areas were all in line with guidance, while FY20 shaping up to be another sound year based […]
