Author: Harry Watt
Stock Eclipx (ECX) $0.66 as at 27/03/2019 Event The best performer on the index today is the stock that’s performed the worst over the past week. Eclipx had fallen nearly 70% in the 5 sessions to yesterday’s record low close, but has staged a recovery today in the face of the weakness after the company […]
Stock Coles (COL) $12.00 as at 26/03/2019 Event While ex-owner Wesfarmer’s takes a hit today as it plans a takeover of Lynas, the new standalone supermarket stock is rallying on news of an agreement it has signed with UK listed Ocado Group. Ocado is a world leader in innovation for grocery supply chains and will […]
Stock Wesfarmers (WES) $33.82 as at 26/03/2019 Lynas (LYC) $1.56 26/03/2019 Event A cashed up Wesfarmers – post Coles (COL) demerger and coal asset sale – has made its first move in its expansion plans with a $1.5b bid for rare earths miner and processor Lynas. The bid at $2.25/share is a ~45% premium to […]
Stock McGrath (MEA) $0.23 as at 25/03/2019 Event Ouch!!! The real estate agent tumbled to record lows again this morning, while being set to post a record low close this afternoon since listing at $2.10 back in late 2015. The stock has never traded higher than the offer price, being stuck in a downtrend since […]
Stock AMP Ltd (AMP) $2.205 as at 25/03/2019 Event AMP is a household name that’s managed to do almost everything wrong over the last 3-years with the stock now trading at $2.20, down from around $5.00 12 months ago and a pre-GFC high above $10. 3 key points; AMP is cheap versus the sector and […]
Stock Westpac (WBC) $26.41 as at 19/03/2019 Event Just a few days after CBA bailed out of their immediate plans to offload their wealth division, Westpac has finally folded on its own operation. The bank announced today that it will restructure the wealth division by exiting advice while still retaining the BT Financial brand by […]
Stock Healthscope (HSO) $2.44 as at 19/03/2019 Event Plenty of shares being traded in the hospital operator over the past few sessions as reports that one of their two suitors has dropped out of the tussle. To recap, private equity firms BGH capital and Brookfield have been in a standoff over Healthscope for almost a […]
1 Ramsay Healthcare (RHC) $65.05 Private hospital operator RHC has enjoyed a reasonable recovery from its 2018 lows with last months result taking the stock over 10% higher. Last week director Bruce Soden sold over $3m worth of stock at $63.72, the highest price in around 10-months at the time. Sign in to view Ramsay […]
Stock Sigma Healthcare (SIG) $0.51 as at 13/03/2019 Australian Pharmaceuticals (API) $1.35 as at 13/03/2019 Event Two of the listed pharmaceutical wholesalers have slumped today following an announcement by the Sigma board that they would not recommend the takeover offer by rival Australian Pharmaceuticals. Late last year, API offered $0.23 in cash and 0.31 API shares […]
Stock Orica (ORI) $18.36 as at 12/03/2019 Event Mining chemicals & explosives company Orica is trading higher today, outpacing the ASX200 index with a ~2% gain this morning. The explosives space has long been the subject of consolidation whispers and news articles today suggest we are getting closer to a deal. The Australian reported that […]
