Author: Harry Watt
**This is an extract from the Market Matters Morning Report from 11 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 2 “Hi James, I sent an email through last night but there was no reply […]
Stock Emeco Holdings (EHL) $2.08 as at 14/11/2019 Event Mining services company Emeco has seen its shares rocket higher today as it claws back some of its recent retracement. The company is hosting their AGM today and the market has been impressed by some of the comments out of the earthmoving equipment business. Shares in […]
**This is an extract from the Market Matters Weekend Report from 10 November. Click here to get access to the full report and more Chart of the week. Computershare (CPU) is a stock that’s struggled over the last 12-months, investors have become concerned about the longevity of their business model as the ASX starts to […]
Stock National Australia Bank (NAB) $26.00 as at 6/11/2019 Event NAB is the last of the big 4 to report this period – with CBA running a June year end – and looks to be the only bank to have met expectations in what has been a tough year for the group. The bar was […]
Stock Medibank (MPL) $ as at 6/11/2019 Event Health insurance heavyweight Medibank has seen its shares slide today following an update regarding performance thus far in the financial year with shares around 7.5% lower in the session. Claims came in $21m more for FY19 that was provisioned at the time the results were announced with […]
ANZ Bank (ANZ) -3.26%; the first of the banks to report this season and it certainly didn’t set the bar high. Net Interest Margin (NIM) decline accelerated in the second half, with the margin dropping 8bps as a result of increasing customer remediation as well as funding costs falling at a slower rate to lending […]
Stock Iluka (ILU) $9.30 as at 31/10/2019 Event The mineral sands miner is the best in the top 200 locally today, trading more than 5% higher following the release of their September quarter production report as well as announcing a review into the business. Iluka’s main operations in zircon and rutile continue to track well […]
**This is an extract from the Market Matters Morning Report from 28 October. 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 4 “Your view on Bitcoin as an investment and can this be done on the […]
Stock Bega Cheese (BGA) $3.96 as at 28/10/2019 Event As AGM season ramps up, so do the downgrades. It was Bega’s turn today with the company noting the drought had continued to have a negative impact on earnings into FY20 after it had significantly impacted the FY19 result 2 months ago. As the drought rolls […]
Stock Sims Metals (SGM) $9.10 as at 28/10/2019 Event The scrap metal trader Sims has rolled over today, down 10% after the company updated guidance for FY20 just 6-weeks after their last trading update. In today’s update Sims has once again guided the market lower as further pain in the scrap market as well as […]
