Author: Harry Watt
Stock Transurban (TCL) $11.84 as at 7/08/2018 Event Toll road operator Transurban has announced a blockbuster result this morning only to see the stock trade lower from the outset. Revenue grew 21%, while the net profit line more than doubled last year’s figure, however the company downplayed the pipeline for growth, and investors seem to […]
Stock AMP $3.35 as at 27/07/2018 Event No surprises here from AMP as the poor news continues to come out of the financial services firm. This morning AMP gave an update ahead of their first half report, “AMP takes action to reset business” – hardly a comforting name, in which AMP went on to announce […]
Stock Iluka (ILU) $11.20 as at 24/07/2018 Event Mineral Sands miner Iluka released their 2Q production numbers: Actual production was strong for the quarter with price realisation another bright spot. ILU is producing strong free cash flow given a work down in stockpiles and that’s helping them pay down debt. The negative part of the […]
Stock Nufarm (NUF) $7.80 as at 23/07/2018 Event Crop protection company Nufarm heavily discounted earnings expectations pre-market this morning. Pointing to a serious deterioration in business conditions for the ANZ arm. This downgrade, now the second for the year after revising EBIT guidance to ~$315mil in May, lowers full year EBIT guidance by around another […]
Stock Bingo (BIN) $2.66 as at 17/07/2018 Event A mid-cap stock we have had on our radar for some time, waste management company Bingo rallied strongly today. Recovering from early weakness and reversing much of the recent decline. Early in trade, BIN was down almost 5%, only for their fortunes to turn after an announcement […]
Stock Asaleo Care (AHY) $0.84 as at 17/07/2018 Event The personal hygiene company today pre-released a disappointing first half result and lowered expectations for the full year, causing ~30% of the company’s value to be wiped from the market. Asaleo saw costs rise and sales fall in the half, and the headwinds are likely to […]
Stock Domino’s Pizza (DMP) $44.47 as of 23/05/2018 Event DMP has a significant short position of 18.3%. You can view short positions here: https://www.shortman.com.au/ Market Matters Take At MM we don’t like DMP as a business / long-term investment but a short squeeze would not surprise us with our potential target around the $50 area. Extremely […]
MTS +7.34%: 1H results out for Metcash today and they were strong with EPS growth of 15% despite coming off a very strong comparable period
