Author: Harry Watt
Stock Webjet (ASX: WEB) $14.85 as at 21/02/2019 Event Easily the best performer for our local market today was travel bookings company Webjet. The stock soared over 30% as the company grew earnings 37% for the half, and gave better than expected outlook which helped the stock higher. Webjet had been under a cloud over […]
Stock Wesfarmers (ASX: WES) $35.24 as at 21/02/2019 Event Today marks the first report of the ex-Coles era for Wesfarmers and the key to their first half lies with a strong capital balance more than offsetting a poor business performance. Bunnings now accounts for around 50% of the group’s earnings and is set to drive […]
Stock Wisetech (ASX: WTC) $21.10 as at 20/02/2019 Event Shares in logistic software company Wisetech (ASX: WTC) have tumbled today on a soft half year report. The stock briefly traded back below $20 today, a fall of more than 15% on yesterday’s close before staging somewhat of a recovery to currently trade around -10% for […]
Stock Woolworths (ASX: WOW) $28.75 as at 20/02/2019 Event Woolworths (ASX: WOW) is trading strongly lower today after a soft half year result was reported this morning. The stock is down over 5% nearing 2 month lows. Top line for WOW was ok with revenue coming in marginally ahead of consensus ($30.7b vs $30.6b consensus) […]
Stock IOOF Holdings (ASX: IFL) $6.05 as at 19/02/2019 Event One of the dogs of 2018, IOOF today reported their half year numbers to the market helping the stock over 10% higher on the session to offset some of last year’s pain. The wealth management conglomerate saw underlying profit climb 6% to $100.1m while funds […]
Stock Cochlear (ASX: COH) $194.41 as at 18/02/2019 Event In a similar vain to the result from CSL (ASX: CSL) last week, Cochlear has shown significant growth for the first half the year to meet consensus numbers, but fell short on guidance for the year which has led to the stock trading lower this morning. […]
Stock Bank of Queensland (ASX: BOQ) $9.32 as at 18/02/2019 Westpac (ASX: WBC) $26.25 as at 18/02/2019 Event A couple of contrasting bank reports came out today highlighting the divergence between the major banks and the regionals. Bank of Queensland is trading 6% lower today, one of the worst performing stocks in the ASX200 for […]
Stock Bingo Industries (ASX: BIN) $1.25 as at 18/02/2019 Event The waste management company has been savaged by the market today following a significant downgrade to full year expectations ahead of their half year results due out next week. Bingo revised their EBITDA guidance to be broadly flat on FY18, down on previous guidance of […]
Stock Medibank (ASX: MPL) $2.88 as at 15/02/2019 Event The local health insurance giant has traded higher today after posting a messy result before the open. The profit might have slipped over 15%, but investors have focussed on the positives particularly given that drop was driven by poor investment income and not underlying business performance. […]
Stock Breville Group (ASX: BRG) $14.42 as at 14/02/2019 Event Breville has burst out of the gates today to rally to new all-time highs following an impressive first half report. The homeware distributor saw strong growth in the first half on the previous comparable period, with adjusted net profit after tax (NPAT) up 14.8% beating […]
