Author: Harry Watt
Stock Telstra (ASX: TLS) $3.14 as at 14/02/2019 Event Australia’s biggest telco announced its first half results today showing a substantial decline in earnings compared to the prior year as the NBN continues to erode Telstra’s earnings. We reviewed the stock last year here. For the 6 months, net profit was $1.2b, down over 25% […]
Stock CSL Limited (ASX: CSL) $186.34 as at 13/02/2019 Event It’s been a volatile start to the day for blood plasma business CSL this morning after reporting their first half numbers to the market. The CSL share price originally traded higher before quickly selling off, falling over 5% from high to low as the market […]
The $A has hit our mid / high 60c targeted area and we believe that we will see 80c in 2019 / 2020. – MM remains very wary of the crowded US earners trade medium / longer-term. Our view is based on a few pieces of the puzzle starting with the extreme pessimism towards the $A […]
Stock Macquarie Bank (ASX: MQG) $125.62 as at 12/02/2019 Event An operational update has helped the Macquarie (ASX: MQG) share price rally today with the bank performing well in the December quarter. Now three quarters through for the bank’s March year end, Macquarie is looking at an ‘up to 15%’ increase in profit for the […]
Stock Bendigo (ASX: BEN) $10.68 as at 11/02/2019 Event The regional bank has slumped today, taking other financial stocks with it on a soft first half result. Bendigo has missed on expectations, as costs rise and income falls – BEN missing expectations by ~2% at the profit line. Bendigo was hoping to see loan growth […]
Stock JB HiFi (ASX: JBH) $23.45 as at 11/02/2019 Event JB Hi-Fi is the first cab off the ranks for the big retail names, releasing their first half numbers this morning. The result is slightly better than expected, and although it contained some downbeat commentary, it was not the car crash the market had feared. […]
Stock National Australia Bank (ASX: NAB) $24.87 as at 8/02/2019 Event NAB is trading slightly below par today after finishing yesterday’s session in a trading halt. The stock stopped trading almost an hour before the close of the session pending an announcement regarding leadership changes. Overnight, the bank announced that the CEO Andrew Thorburn & […]
Stock Clydesdale (ASX: CYB) $3.75 as at 7/02/2019 Event The old UK arm of NAB has jumped early in the day, after a better than expected 1st quarter update that was released to the market overnight. In UK trade, the Clydesdale stock rallied ~13%, however in our market it is up over 17% as it […]
Stock Viva Energy (ASX: VEA) $2.18 as at 6/02/2019 Coles (ASX: COL) $12.45 as at 6/02/2019 Event The struggling petrol station IPO of 2018 has been dealt some respite today with the announcement of a new fuel deal with Coles (ASX: COL). The biggest IPO of 2018, which only briefly traded above its IPO price […]
Stock Insurance Australia Group (ASX: IAG) $7.64 as at 6/02/2019 Event IAG printed their half year results before the market this morning, and investors seem impressed with the stock trading nearly 5% higher in the session. The insurance group managed a big beat at the top line, managing premium growth of 4%, well above expectations […]
