Author: Harry Watt
Stock CSL Ltd (CSL) $233.35 as at 14/08/2019 Event Blood medicine company CSL has shot higher in today’s session to set new all-time highs on a solid set of FY19 numbers and an even better outlook. Those fearing the company had seen the back of its strong growth rate welcomed the guidance pointing to profit […]
Stock Pact Group (PGH) $2.23 as at 14/08/2019 Event The packaging manufacturer has slumped today, trading 19% lower in the session as the share price heads towards 52-week, and all time, lows. Pact Group’s fall comes as a result of full year results announced this morning. The result was more or less in line with […]
Stock Magellan (MFG) $59.83 as at 13/08/2019 Event High flying Magellan released FY19 results today + announced a $275m capital raise. The results were strong, which they needed to be given the lofty heights of the current share price however as is becoming MFG custom, they beat already high expectations. Underlying profit was a 2% […]
Stock Challenger Financial (CGF) $6.77 as at 13/08/2019 Event Shares in the annuity businesses have traded higher today with an inline result enough to please the market’s downbeat expectations. The result saw normalized net profit before tax sneak in to the bottom end of guidance, marginally below consensus expectations. Shares in Challenger have been under […]
Stock J B HiFi (JBH) $30.28 as at 12/08/2019 Event JB Hi-Fi crashed through to a new 52-week high early in the session today, rallying on a better than expected result at the full year announced this morning. The consumer goods group saw profit rise 7% despite the tough retailing conditions, surpassing market expectations. The […]
Stock Rio Tinto (RIO) $96.00 as at 1/08/2019 Event Rio is the first miner out with their results this reporting season and it looks to have fallen slightly short of expectations. Shares in Rio are trading lower early in the session, however commodity names in general are off today following Trump’s tariff talk overnight. There […]
**This is an extract from the Market Matters Morning Report from 15 July. 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 Team, a quick one. I want to park some cash for a period, where […]
Stock Janus Henderson (JHG) $28.90 as at 1/08/2019 Event The worst performer on the ASX today is Janus Henderson with shares in JHG currently down over 9% following its 2nd quarter update overnight. The global asset manager saw adjusted net income of $120m, around 8% below estimates for the 3 months of the June quarter, […]
Stock Clydesdale Bank (CYB) $3.25 as at 31/07/2019 Event The UK bank Clydesdale has slumped over 9% today following the release of their 3Q update overnight. The old arm of NAB has fallen from grace over the last 12-months as low loan growth and falling margins eat away at profits. Overnight the bank reported net […]
**This is an extract from the Market Matters Weekend Report from 28 July. Click here to get access to the full report and more Winners: NRW Holdings (NWH) +6%, Seven Group (SVW) +5%, Emeco Holdings (EHL) +5.9%, Bingo (BIN) +8%, Breville Group (BRG) +5.7%, Flight Centre (FLT) +6.7%, Corporate Travel (CTD) +6%, HUB24 (HUB) +7.9%, […]
