Author: Harry Watt
**This is an extract from the Market Matters Morning Report from 1 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 James & MM team, My first question is regarding Afterpay (APT). I was […]
Stock Woolworths (WOW) $33.85 as at 03/07/2019 Event Shares in Woolworths have rallied today as the group looks to divest the hotels, gaming and liquor businesses. Woolies will combine the Endeavour Drinks and ALH Group into Endeavour before separating the businesses next year. A demerger has been touted if Woolworths don’t receive a competitive offer […]
**This is an extract from the Market Matters Weekend Report from 30 June. Click here to get access to the full report and more 1 – Growth Portfolio The MM Growth Portfolio enjoyed another good week courtesy of solid performances from Pact Holdings (PGH) which rallied almost 20% and Ausdrill (ASL) +16%. The moves illustrated […]
Stock Speedcast (SDA) $2.23 as at 02/07/2019 Event Remote and satellite connectivity provider Speedcast has tumbled to 4 year lows early in the session today, down 36% on a downgraded outlook ahead of their half year results. Speedcast provide infrastructure and technology to a range of clients such as governments, energy and mining and maritime […]
Stock AfterPay (APT) $24.12 as at 01/07/2019 Zip Co (Z1P) $3.11 as at 01/07/2019 Event After a stellar FY19 performance, shares in the buy now pay later (BNPL) space have started the new financial year off on the back foot. Both Z1P and APT are trading lower today on the back of news Visa will […]
Stock Pact Group Holdings (PGH) $2.44 as at 27/06/2019 Event Pact Group has rallied today despite guiding the market lower on earnings as the financial year draws to a close. PGH looks after a range of plastic and metal packaging for products in food & beverage, chemicals, agricultural industries among others. Shares in PGH had […]
Stock AMP (AMP) $2.07 as at 26/06/2019 Event Wealth manager AMP might be trading higher today however the stock is bouncing from all-time lows set yesterday when it briefly traded to the $2.00 level. AMP was today hit with a class action from Slater & Gordon in regards to the fees being charged on pension […]
Commodities had a big week last week as they enjoyed a falling $US and increasing tensions in Iran with gold rallying +4.3% and crude oil +9.4%. MM believes gold is only just beginning its breakout to the upside with significantly higher levels appearing likely – we are bullish gold and its respective stocks. Although both the […]
Stock Ausdrill (ASL) $1.76 as at 24/06/2019 Event The market standout today is well and truly mining services firm Ausdrill which looks set to close at the highest level in over 6 months. Shares in ASL are trading 12% higher in the session on the back of an announcement subsidiary Barminco had won a 5-year, […]
Stock Metcash (MTS) $2.86 as at 24/06/2019 Event The grocery and hardware wholesaler is trading lower this morning following the release of their full year results for the 12 months to April. Despite swinging back into a profit on a statutory basis, the result has missed expectations, and the market is selling the stock on […]
