Author: Harry Watt
Stock Nufarm (NUF) $5.40 as at 17/01/2020 Event Nufarm has been forced to lower the market’s expectations for the half year result today with shares coming off more than 10% as a result. The company flagged issues – particularly in North America and Germany – in November, but was today able to give a more […]
South32 (S32) unch; This is a stock firmly on our radar and today they delivered their December Quarter production & sales numbers – all looked OK. Aluminium was flat QoQ but there was power issues so a reasonable outcome, Alumina was up on the quarter and the half although prices were weaker, Manganese production was […]
Whitehaven Coal (WHC) unch; mixed day for Whitehaven as they reported on their 2nd quarter production efforts. We have seen Whitehaven climb into the report – although more so on the back of some better coal prices than any real market exuberance about their chances today given the downgrade the company put through late last year. […]
Woodside (WPL) +0.56%; a reasonable 4th quarter production report helped Woodside close in the black today against a weaker the energy sector. Production was up 3% on the prior quarter to 25.7MMboe, with revenue up to $US1,446M with better sales volumes more than offsetting the easing in LNG prices. Woodside was keen to show off […]
Perpetual (PPT) +0.35%; released Funds Under Management (FUM) for the quarter this morning with outflows in equities offset by inflows into fixed income products, all in all total FUM ended the month at $26.3b, an increase of $200m. Shares were higher today, but still underperformed the broader market which is uncharacteristic of how Perpetual normally […]
**This is an extract from the Market Matters Morning Report from 13 January. Click here to get access to the full report and more The chart below illustrates over the last few years the clear inverse correlation between the $US and Base Metals, if our opinion is correct on the $US then we believe there’s a […]
**This is an extract from the Market Matters Morning Report from 13 January. Click here to get access to the full report and more Markets are global and currencies are very important. The $A is largely driven by interest rate differentials among other factors, but it’s the positioning around the $A which makes the local […]
EML Payments (EML) +7.17%; one of last year’s best performers, the payments software and tech company caught a bid again today, trading higher from the get-go after announcing it had signed an agreement with NSW Health to provide its General Purpose Reloadable card program for nearly 50k employees. Although the contract hasn’t been deemed material under […]
Pendal (PDL) -5.12%; the fund manager saw shares slide today on the back of another round of FUM outflows across the group in December. Despite the recall of funds from clients, FUM managed to climb 1% to $101.4b thanks to a strong market tailwind. One positive sign was a net inflow into UK funds, likely on […]
Stock Zip Co (Z1P) $3.66 as at 13/01/2020 Event Buy Now Pay Later (BNPL) names seem to have picked off some market share from traditional payment methods if Zip’s quarterly update is anything to go by. Shares are trading around 4% higher early in the session despite the broader market trading lower with Zip finding […]
