13/03/2025 09:51

APA Group (APA) $7.55

Last month's results and accompanying commentary significantly exceeded downbeat market expectations, propelling the stock sharply higher. Unlike many similar moves, it has held the gains in reporting season and looks poised to trade higher.

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11/03/2025 09:41

APA Group (APA) $13.82

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26/02/2025 09:36

APA Group (APA) $7.70

APA had been struggling into this week's result, with shorts steadily building up towards 4.7%, the highest level in years, as traders laid bets that a capital raise was imminent.

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24/02/2025 17:28

APA Group (APA) $7.12

APA +7.72%: Announced a solid first-half 2025 result, broadly inline with expectations and re-affirmed FY25 guidance. Importantly, they stressed they had the financial capacity to fund $1.8bn in growth capex over the next three years, i.e. they are not cum-raise as many feared;

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17/12/2024 16:48

APA Group (APA) $7.18

APA –1.51% today on a flurry of announcements relating to existing and prospective assets. First up, the Australian Energy Regulator (AER) released their draft decision on APA’s Basslink transmission to convert pricing to a non-regulated provider at the start of FY26. Under the proposal, Basslink pricing will be subject to the spot market – according to the consumer modelling undertaken by the AER as part of the review, this leaves the consumer worse (circa. ~A$1.6bn) and APA better-off.

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12/12/2024 10:01

Active Growth Portfolio – Amendments

We are amending the Active Growth Portfolio Today

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12/12/2024 09:39

APA Group (APA) $7.38

It’s been a tough couple of years for APA, but we like the stock ~$7.40. On a yield above 8% underpinned by a regulated asset base, we continue to think APA is a highly attractive income stock which is poised for capital appreciation/growth after Michele Bullock's more dovish rhetoric this week - it's in our Active Growth Portfolios Hitlist for a reason!

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22/11/2024 09:22

APA Group (APA) $7.12

We discussed APA at length on Wednesday, concluding that we remain bullish even after its poor 2024. Interestingly, the brokers have started echoing our thoughts at current levels, with the MM Site showing 5 Buys and 1 Strong Buy out of 11 calls with a mean PT of  $8.17.

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20/11/2024 09:33

APA Group (APA) $7.16

We’ve covered APA several times recently and continue to see plenty of questions on our holding. We’re sitting on a loss of ~18% in the Active Income Portfolio and have been strong advocates of the stock, which has fallen in price. One of the key aspects of the Market Matters service is being real, being transparent, and providing regular updates on stocks that have not worked out as we intended, APA being an example.

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18/10/2024 09:42

APA Group (APA) $7.64

UBS downgraded APA to a sell last week having been fairly neutral (and right) for the past year. While APA has some challenges balancing weakening credit metrics with an increasingly ambitious growth plan, UBS decided the balance has tipped the wrong way and cut to a sell. More importantly, overnight UniSuper launched a $500 million block trade of APA, over 5% of the company.

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