Author: Shawn Hickman
ZIP -5.22%: UBS cut their price target for the BNPL stock in half yesterday which put pressure on the stock today. The analyst talked to higher bad debts and the strategies put in place to limit the issue potentially doing the opposite. While bad debts in the retail arms of banks are decreasing, BNPL has been experiencing the opposite.
EML +10.51%: a strong day for the payment card company, initially catching a bid with the broader tech sector, but spurred on with a strong contract win. Tech was well bid today as investors added duration to portfolios with bond yields falling. Mid-morning, EML announced it had secured a deal with Spain’s postal service to supply 500k preloaded cards, each with €500, totaling around $320m worth of deposits.
Supermarket operator COL delivered a solid result in April with sales growth driven by accelerating inflation, everything looks solid over the next year or two with COL but it will need population growth to expand meaningfully moving forward. The stock is not particularly cheap trading on an Est P/E of 23.9x for 2022 but a sustainable 3.4% fully franked yield makes it relatively easy to be patient if concerns are growing towards much of the ASX.
BHP and Woodside have agreed a deal whereby Woodside will acquire BHP’s Petroleum business. BHP shareholders will receive payment in WPL shares with BHP shareholders set…
