Author: Harry Watt
Stock Caltex (CTX) $21.98 as at 20/06/2019 Event Shares in listed petrol station name Caltex have tumbled today, falling nearly 20% following the company releasing disappointing forecasts for the first 6 months of the year, just 10 days out from the half year end. EBIT is expected to fall in all segments of the business […]
The following report is an extract of the MarketMatters Morning Report that was published on June 14. Click here to get access to the full report and more As the title says crude has endured a very tough couple of months as President Trumps constant threat to global trade weighs on this highly regarded economic […]
Stock Coles (COL) $13.48 as at 18/06/2019 Event The supermarket name is trading at all-time highs this morning, set to snap a three session losing streak with the market digesting the first investor day for the new standalone company. CEO Steve Cain has unveiled a number of new plans that aim to increase profitability and […]
Stock Vocus (VOC) $3.05 as at 17/06/2019 Event VOC shares have been walloped early in the session after it was revealed potential buyer AGL had walked from the table. AGL was granted due diligence just last week after they lobbed a bid at $4.85/share but that deal is now dead in the water, and Vocus […]
The following report is an extract of the MarketMatters Income Report that was published on June 12. Click here to get access to the full report and more Hybrid securities have roared back into focus thanks largely to a Coalition victory at the 18 May Federal election and that has prompted a decent rally across […]
Stock Challenger (CGF) $7.07 as at 13/06/2019 Event Investment name Challenger has slumped today as the company talks down the FY19 result, and even lowers expectations of a big FY20. Shares are off around 8% today, taking the 12 month fall to well over 40%. The company is hosting an Investor Day, normally reserved for […]
Stock Emeco Holdings (EHL) $1.88 as at 12/06/2019 Event The earth-moving equipment rental business was out today re-confirming guidance of EBITDA to be in the range of $211-$213m which represents a ~40% lift on FY18. The stock has been trading very poorly ahead of today’s announcement with clear concern around the potential for a weak […]
Stock Afterpay Touch (APT) $24.17 as at 11/06/2019 Event News today that the super successful buy now pay later platform APT is raising $300m in fresh equity plus the founders are attempting to sell down ~$100m worth of stock. The raising is being done in a few different parts and we’ll go through them below. […]
The following report is an extract of the MarketMatters Income Report that was published on June 5. Click here to get access to the full report and more 2019 to date has been a better year for the banks, and May in particular was a very strong month thanks to: 1. The election result 2. […]
Stock GrainCorp (GNC) $8.06 as at 07/06/2019 Event Local grain dealer GrainCorp has seen its share price pop on news it had inked a 10-year long insurance deal against poor harvests. The deal will see GNC compensated if crop harvests fall below 15.3mt, while the company will have to pay the insurer, Aon, if production […]
