Author: Harry Watt
Stock Lynas (LYC) $2.28 as at 21/05/2019 Event The rare earths miner is holding an investor day today and has surged on positive comments out of the presentation deck. Lynas has been choppy over the last 12 months as investors grapple with Malaysian licencing troubles while also getting a boost from an opportunistic Wesfarmers (ASX: […]
Today we have taken a look at 2 of the major sectors within the ASX200 as rotation is dominating the market i.e. money is being switched between both stocks and sectors as opposed to leaving / entering the overall market, this is illustrated by the ASX200 bouncing around the 6200 region for ~8-weeks. This is […]
Stock Dulux Group (DLX) $9.72 as at 17/04/2019 Event Paint manufacturer Dulux has exploded out of the blocks this morning, trading over 25% higher after the company confirmed it had received a takeover offer from Japanese company Nippon. The offer at $9.80/share was worth a 27.8% premium to yesterday’s close, with the stock trading through […]
Stock Cochlear (COH) $177.81 as at 16/04/2019 Event Hearing aid developer Cochlear has launched a new product today, helping the stock trade nearly $10 higher to once again test the $180 level. The new product, the Nucleus Profile Plus range, is an advancement on some of its current range and is now available in Germany […]
We have shown the below chart a number of times over recent weeks and we continue to believe its an elastic band tightening by the day for iron ore and $A – we remain bullish the $A targeting a test of 80c. Currently local resources are enjoying the perfect tailwind of rising underlying commodity prices while […]
Stock Bank of Queensland (BOQ) $8.95 as at 11/04/2019 Event The Bank of Queensland (BOQ) share price is falling today after the company posted a slightly off the mark 1st half result for the period to the end of February. The regional bank saw profit slip 10% from the same period in 2018, despite growing […]
Stock Emeco Holdings (EHL) $1.84 as at 10/04/2019 Event Some clear focus on Emeco Holdings with a number of questions this week. Our conclusions so far are: 1 – If we had no position we would use this selling / weakness as an opportunity to buy. 2 – Eley Griffiths was the seller of 500k […]
Stock Crown Resorts (CWN) $14.10 as at 9/04/2019 Event The big news out to the market this morning is a takeover bid lobbed at Australia’s biggest casino name, James Packer’s Crown Resorts (CWN). The company today announced it had received a confidential offer from US giant Wynn. The current proposal offers $14.75/share value to Crown […]
Stock Bluescope Steel (BSL) $14.85 as at 8/04/2019 Event MM has been watching Bluescope Steel for most of 2019 and probably too long in hindsight! The company beat earnings expectations in February and looks set to increase growth when its full-year numbers are released. However now the “risk on” button looks set to be the […]
Stock Platinum Asset Management (PTM) $4.60 as at 8/04/2019 Event Despite the market running early in the session, the ASX200 is trading over 0.5% higher at the time of writing, market leveraged Platinum Asset Management (PTM) has tumbled as investors digest Friday’s FUM update. The manager saw net outflows of around $230m for March according to […]
