Author: Harry Watt
**This is an extract from the Market Matters Income Report from 27 November. Click here to get access to the full report and more The AMP CFO and Treasurer were in yesterday to talk about the new AMP Hybrid issue as they look to raise up to $250m. Most will stop reading here given its […]
Telstra (TLS) has enjoyed a strong week rallying 30c, or + 8.4% as it embraces a number of broker upgrades courtesy of a reduction in long-term capex estimates however with targets now around the $4 only ~4% away this particular tailwind is likely to diminish. Overall the lack of any bad news for Australia’s largest […]
Stock NRW Holdings (NWH) $2.83 as at 28/11/2019 Event Shares in resource and infrastructure services company NRW Holdings will spend the rest of the week in a trading halt as the company attempts to raise $120m from investors to fund the latest acquisition after the purchase of BGC Contracting. New shares will be issued somewhere […]
**This is an extract from the Market Matters Morning Report from 25 November. 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 “Hi James and Team. Thanks for continuing excellent coverage of both the macro and […]
**This is an extract from the Market Matters Weekend Report from 24 November. Click here to get access to the full report and more I often get asked how we see things moving for the next few weeks / months, obviously this is very often random noise, but we do generally have a view which […]
IVE Group (IGL) +0.95% Was out yesterday with an announcement about the purchase of Salmat’s (SLM) marketing solutions business which is Australia’s largest catalogue distribution business. There wasn’t a large amount of information in the release however more detail was provided at their AGM today, and the stock has reacted more favourably. Firstly on the […]
Caltex (CTX) +6.97%; continued its climb higher, now almost 50% higher than the panic low set in June when guidance for the half was posted. Today the fuel refiner and retailer updated guidance for the Convenience Retail side of $190-$210m for the calendar year, with the second half far outperforming the first largely thanks to fuel […]
Stock Nufarm (NUF) $5.06 as at 25/11/2019 Event Crop protection business Nufarm has seen almost 20% wiped from shares today on news it has struggled in the first half. The company flagged a number of issues set to impact the period to the point where the company was not able to give guidance for the […]
Stock A2 Milk (A2M) $13.87 as at 19/11/2019 Event Dual listed milk product producer A2 Milk has soared today, easily the best performer in the top 200 locally as well as the top 50 in New Zealand. The rally comes on comments made at the company’s AGM in Auckland with outlook comments far surpassing the […]
Stock Smartgroup (SIQ) $9.58 as at 18/11/2019 Event Smart Group, a provider of salary packaging, fleet management and a range of other employee management services, has seen its shares tumble on news the CEO Deven Billimoria would be leaving the company after 19 years with the group. The company confirmed today that Deven would exit […]
