Author: Harry Watt
Stock Telstra (ASX: TLS) $3.11 as at 29/01/2019 TPG Telecom Limited (ASX: TPM) $7.22 as at 29/01/2019 Event TPG surprised the market this morning announcing they would cease the roll out of their planned Australian mobile network which has caused the telco sector to jump today. The biggest beneficiary of the news is rival Telstra […]
Stock ResMed (ASX: RMD) $14.64 as at 24/01/2019 Event Just two days after cracking new all-time highs, ResMed has dropped over 10% today on poor second quarter results. The sleep apnoea device manufacturer noted revenue & operating profit increased 8%, while margins increase 70bps to produce EPS of $0.86. Despite what seems like strong figures […]
Stock Vicinity Centres (ASX: VCX) $2.55 as at 24/01/2019 Event Vicinity Centres published revaluations across their property portfolio noting a mixed bag in valuation changes resulting a small fall in value since June of 2018. The owner & manager of over 100 shopping centres across urban & regional areas across Australia revalued 62 properties noting […]
Stock Santos (ASX: STO) $6.24 as at 24/01/2019 Event The oil & gas name has rallied, well outperforming its peers following a meet / beat in the 4th quarter production numbers printed this morning. While Origin (ASX: ORG) & Oil Search (ASX: OSH) trade around 1% higher today, Santos is leading the charge on the […]
1 Costa Group (CGC) $5.07 CGC has declined -30% over the last month making it one of our favourite stocks for 2019. The company through its subsidiaries grows and markets fruits and vegetables to supermarkets / independent grocers worldwide. Recently they substantially downgraded earnings due to some potentially transient seasonal factors. Costa Group (ASX: CGC) […]
Stock Challenger (ASX: CGF) $7.93 as at 23/01/2019 Event The Challenger (ASX: CGF) stock price has tumbled this morning, the worst performing stock in the ASX200 (ASX: XJO) index, currently trading around -13% below yesterday’s close. The fall comes on the back of management lowering guidance for the upcoming half year result and also for […]
We witnessed an almost perfect “about face” last year from most of the market on interest rates with the start of 2018 all about rising interest rates / bond yields on the back of bullish economic & stock market predictions, while the second half focussed on a looming recession and hence falling bond yields – […]
Stock BHP Group (ASX: BHP) $32.89 as at 22/01/2019 Event The BHP share price is trading lower today, slightly under performing the market and its peers after the release of the 1st half production report. 6 months into the year, the company appears to be on track to hit guidance across the board despite being […]
Stock Sims Metal Management (ASX:SGM) $9.32 as at 21/01/2019 Event Recycled metals company Sims Metal Management (ASX: SGM) has been whacked on an earnings update the company released to the market this morning. The stock is trading at 2 year lows after falling nearly -15% today. The company announced expected EBIT for the first half […]
Stock Afterpay Touch (ASX:APT) $16.10 as at 18/01/2019 Event The best mover in the 200 today is Afterpay which closed up nearly 13% on the day. The alternative payments company has soared on an impressive business update which has seen sales grow 240% since the first half of FY18. Producing another record month in December […]
