Author: Harry Watt
Stock Northern Star (NST) $13.50 as at 30/07/2019 Event Gold producer Northern Star has crept higher today on a move in the gold price, while the company also released their fourth quarter production report pre-market. The June quarter was a record for the company, with production coming in near the top end of guidance at […]
Stock Credit Corp (CCP) $24.50 as at 29/07/2019 Event Credit Corp has slumped today, currently the worst performing stock in the top 200 by some margin. The debt collector posted its full year results pre-market which looked reasonable on first glance, however guidance came in well below expectations. FY19 saw near record collections for the […]
Stock Fortescue (FMG) $8.23 as at 25/07/2019 Event Shares in Fortescue have struggled today against the backdrop of an iron ore equity sell off and a slightly soft quarterly. Despite the 5% drop today, shares in FMG have more than doubled this year, even before the inclusion of 90c worth of fully franked dividends. The […]
Stock Newcrest (NCM) $33.95 as at 25/07/2019 Event Quarterlies seem to be the main stock specific news of the week and Newcrest kept the theme going today with their June quarter production report today. The gold miner is trading slightly lower, but is well outperforming its peers with Evolution (EVN) and Northern Star (NST) both […]
**This is an extract from the Market Matters Weekend Report from 21 July. Click here to get access to the full report and more In our opinion today’s market is all about interest rates, if they stay where they are we believe stocks are cheap, let alone if they actually fall further as many predict. […]
Stock Iluka (ILU) $10.25 as at 24/07/2019 Event Mineral sands play Iluka has slumped today despite the broader market rallying into new 10 year highs. The company released their 2nd quarter production report pre-market which has investors worried about a soft half year report. Production across the bulk of the commodities came in well below […]
**This is an extract from the Market Matters Morning Report from 19 July. Click here to get access to the full report and more I’m currently reading a book from the famous investor Ray Dalio called Principles – a good book and I intend to buy a copy for each member of the team. Overnight I also […]
Stock Western Areas (WSA) $2.40 as at 22/07/2019 Independence Group (IGO) $5.41 as at 22/07/2019 Event The past fortnight has seen a significant recovery in the nickel price which has become hard to ignore. Early in the month, nickel looked like it was teetering on the edge again after it slumped sub $US 5.50/lb, however […]
The following report is an extract of the MarketMatters Income Report that was published on June 17. Click here to get access to the full report and more The well-known travel business has had a tough 12 months trading from ~$70 to a 2019 low below ~$39. The most recent hit came on an earnings […]
**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 1 “Hi to you all, I have been closely watching the S ‘n P 500 […]
