Author: Harry Watt
A mixed trolley through February reporting for the food sector however M&A activity is heating up. This is typical when highly cyclical stocks decline on the back of shorter term transient factors like weather. Key points: Costa Group (ASX:CGC) downgraded in January due to weak prices for berries, tomatoes and avocados rather than structural issues […]
Well known headwinds of higher competition and weak consumer spending remain and the recent updates from the two majors were weak Key points: The first report from Coles (ASX:COL) as a separate entity and the same pressures persist. Weak margins and the need to spend up on new distribution centres will remain an issue for […]
The stocks with high hopes built into valuations disappointed during earnings season however those that had been weak showed improvement – some mean reversion starting to play out in Healthcare. Key points: Highly rated healthcare stocks Resmed (ASX:RMD), Cochlear (ASX:COH) and to a lesser degree CSL had a tough reporting period – expectations were high […]
Stock Metcash (MTS) $2.67 as at 4/03/2019 Event Metcash held their strategy day and outlined a plan to drive growth across the business. MTS is the wholesale supplier to many IGA supermarkets, Mitre 10 outlets and various other brands and continues to battle the retail wide headwinds, however on the back of today’s plans, the […]
We’ve seen a wave a selling in the two regional banks since Bendigo released first half results on the 11th February – Bendigo Bank (ASX:BEN) has fallen from $11.15 pre-results to close yesterday at $9.83, a fall of nearly 12% while Bank of QLD (ASX:BOQ) initially fell in sympathy with BEN however the selling kicked up […]
Stock Bingo (ASX: BIN) $1.64 as at 28/02/2019 Event Waste management company Bingo (ASX: BIN) continues its rally today off all-time lows set last week, today adding over 13% on the back of ACCC approval of the Dial-a-Dump acquisition. The stocks panic low of $1.17 came on the back of revised full year guidance which […]
Stock Vocus (ASX: VOC) $3.70 as at 26/02/2019 Event Telecommunications company Vocus has rallied today on the back of a solid performance for the 1st half. 6 months into the year the company looks to be on the right track as it progresses with its turnaround. Revenue might have added 0.7% to $974.2, EBITDA for […]
Earlier this week Macquarie Group announced a new hybrid issue to raise around $500m, however they’re likely to do a little more – we’d assume something around the $600m mark. This is not a roll of an existing security unlike the recent NAB offer, however at around $600m it is a smaller deal. Key points […]
Stock Afterpay (ASX: APT) $18.80 as at 26/02/2019 Event Buy now pay later platform Afterpay has slumped today on soft half year results. Since last Wednesday, Afterpay has experienced some significant moves including a fall of 7.8% , a +19.2% rise yesterday while today it is currently trading more than -8% lower. Today’s half year […]
Stock QBE Insurance (ASX: QBE) $11.80 as at 25/02/2019 Event It might look like another miss for QBE on face value, but the market has bought today’s result and the stock has tracked higher in the session. The core business is tracking well and signs that the downgrade cycle might be behind them are appearing. […]
