Author: Harry Watt
Stock Newcrest (NCM) $25.16 as at 11/03/2019 Event Newcrest is rallying today after announcing plans to buy a 70% stake in a Canadian gold & copper mine held by Imperial Metals for $US 806.5m, funded in full from cash and bank facilities – prior to the deal, NCM had $3b available to it. Imperial Metals […]
Stock Appen (APX) $24.37 as at 11/03/2019 Event The artificial intelligence name is in a trading halt this morning as they look to raise money for their next phase of expansion by acquisition. Appen has agreed to pay $249m for Figure Eight, a US based machine learning company providing another string to the company’s offering. […]
Exceptional results generally from the growth tech area of the ASX – the talk of valuations getting less airtime and talk of growth at a top line / user level the main discussion point. Key points: Appen (ASX:APX) & Altium (ASX:ALU) both delivered exceptional results, and rallied 60% and 40% respectively through the period The […]
A diverse sector with the traditional companies exposed to Australian construction mostly showing weakness during reporting season, particularly influenced by weak construction activity in the December quarter. Key points: Huge variance opened up between Bingo Industries (ASX:BIN) and Cleanaway (ASX:CWY), the latter of which reporting very strong earnings while the former suffered a poor end […]
While the sector still has earnings headwinds, these are starting to ease and share prices are reflecting that. More companies are looking to snub the NBN and focus on 5G while a change of Government in May could provide an opportunity for Telstra (ASX:TLS) to pick up the white elephant on the cheap. Key points: […]
The AUD Gold price had been strong at the end of 2018 and early 2019 however its now starting to correct – some patience now warranted. Key points: Sector heavyweight Newcrest (ASX:NCM) met expectations and re-confirmed full year guidance. Profit was strong and NCM management are delivering nicely Good operational results seen from Northern Star […]
DIVERSIFIED FINANCIALS Fund managers in the financials sector have been ‘hot’ as investors look for cheap leverage to a rising market, while some of the beaten down ‘sector dogs’ in the like of AMP and IOOF have moved up from their lows. Key points: Cheap stocks have been bought, Perpetual (ASX:PPT) has added 28% in […]
The miners performed well in February during the reporting season helped by a combination of strong commodity prices and large scale capital management initiatives. Key points: Actual profit results were reasonable, Fortescue Metals (ASX:FMG) the best in our universe, while BHP had a weaker than expected first half, and is now looking for a strong […]
As reporting season wraps up, oil prices look positive with a test of $64 / +12% the next technical target. Given that backdrop, energy stocks remain a buy the dip scenario, and reasonable pullbacks are common. Key points: A massive dividend from Woodside (ASX:WPL) which amounted to a payout ratio of 103% reduced their franking […]
The banking sector has had Commonwealth (ASX:CBA) and Bendigo (ASX:BEN) report first half results while the other 3 major banks provided trading updates. Bank of QLD (ASX:BOQ) issued a profit downgrade. Key points: – Competition in the home loan sector is high in a weakening market – not surprising and probably set to continue – […]
