Author: Harry Watt
**This is an extract from the Market Matters Weekend Report from 22 December. Click here to get access to the full report and more MM has been discussing our view that industrial metals were looking strong into 2020 which has panned out over the last month. Last we added the Agricultural Index to the mix […]
**This is an extract from the Market Matters Morning Report from 23 December. 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 1 “Firstly, many thanks for your informative service over the year, and all the best […]
Salary packaging business SmartGroup (SIQ) has declined from an October high of $12.65 to settle yesterday at ~$7, a painful ~44% decline thanks to a number of issues, however as we often say, the elastic band often stretches too far in both directions. Today, SIQ trades on a Est P/E for FY20 of 11.3x while […]
**This is an extract from the Market Matters Morning Report from 14 December. 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, Great note – always of great value. When you say portfolios should be […]
Perenti (PRN) $1.60 Mining services firm Ausdrill has had a tough time trading since changing its name to Perenti with the slide picking up pace today. Shares were off after the company announced an equipment hire contract with Ghana Manganese Company (GMC) had been terminated. The decision by GMC was a result of pressure from […]
Northern Star (NST) $10.24 Shares in the gold miner are rallying again today after successfully completing a $A800m placement to fund the $US800m purchase of the Newmont stake in WA’s Super Pit mine. The deal follows Saracen (SAR), who bought the other stake of Barrick Gold last month. Norther Star paid a small amount more for […]
Wisetech (WTC) $23.40 More questions being asked about WTC today, this time from Bucephalus Research Partnership which is a research firm that delves into the accountancy practices of companies – fund managers use them as an outsourced research function and today they’ve weighed into the WTC debate following the recent attack by J Capital. In […]
**This is an extract from the Market Matters Morning Report from 2 December. 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 3 “Hi James and team, I noticed directors getting out of some stock. Albeit a […]
Stock oOh!media (OML) $3.71 as at 4/12/2019 Event The media and advertising group upgraded guidance overnight which helped the stock buck broad based selling of the index today. The company upped EBITDA expectations for the calendar year end to $138-$143m, an 8% beat to both previous guidance and where consensus was sitting. The upgrade comes […]
Stock Virgin Money (VUK) $2.83 as at 28/11/2019 Event The old Clydesdale bank, and prior to that the UK arm of NAB, has seen its shares rocket higher today following their full year result posted to the UK market last night. Shares are up over 20% today, and now up over 70% from the panic […]
