Author: Harry Watt
Stock Bellamy’s Australia (BAL) $12.89 as at 16/09/2019 Event Baby formula and organic food producer Bellamy’s has soared today on news the board has recommended a takeover offer from China Mengniu Dairy. The bid values Bellamy’s at $1.5b or $13.25 a share which was a 59% premium to last close. In response, BAL shares are […]
**This is an extract from the Market Matters Weekend Report from 8 September. Click here to get access to the full report and more Chart of the week. The US NASDAQ often leads American stocks and at present its climbing a wall of worry in our opinion, a break below the rising trendline shown below […]
Stock Synlait Milk (SM1) $8.26 as at 12/09/2019 Event New Zealand based dairy processing and products company Synlait, a new addition to the S&P/ASX 300 index has seen its shares tumble today on a soft full year report that missed at the profit line by more than 6%. A small miss on the revenue line […]
Stock Syrah (SYR) $0.48 as at 10/09/2019 Event Graphite miner and processor Syrah has taken a big hit today on the back of a company update regarding spot prices of their product in China. The company recently dipped out of the ASX200 index at the June rebalance and seems to be going out the back […]
Stock Myer (MYR) $0.63 as at 05/09/2019 Event Shares in the department store are having one of their best days in some months today after the company managed to bounce back into profit for FY19. The $33.2m NPAT was marginally better than the street expected while on a statutory basis Myer swung from a $486m […]
Stock Incitec Pivot (IPL) $3.11 as at 02/09/2019 Event Explosives, fertilizers and chemicals distributor Incitec Pivot saw its shares whacked early in the session on a downgrade with shares trading as low as $2.74, 14.6% below Friday’s close. As the session has rolled on, IPL has recovered much of the fall to trade at $3.11 […]
**This is an extract from the Market Matters Morning Report from 30 August. Click here to get access to the full report and more 1 The Yield Play Interestingly the Australian Utilities sector has already come off the boil while bond yields continue to fall – not a good sign. Hence we now have no […]
IOOF (IFL) -6.92% Reported FY19 earnings numbers this morning and the stock was down as a result. They missed on the profit line and they cut their dividend saying “In one of the most challenging years for our company and for the industry, we have focused on the imperatives of stabilising the business, with a view to […]
G8 Education (GEM) –16.06%; a tough start to the year for G8 which saw earnings squeezed by higher costs and an oversupply of childcare spaces dragged on occupancy and thus earnings. The company remains cautious heading into the year-end despite seeing signs of moderating supply growth and some benefit from the Government’s childcare subsidy. Full year EBIT […]
Boral (BLD) –20.56%: The stock took a bath today after they missed FY19 expectations and were more downbeat about the outlook for FY20. Back at the start of June, BLD held an investor day which split analyst opinion, Morgan Stanley who was bullish the stock said the most important aspect of the day was ‘no news […]
