10/07/2025 09:43

APA Group (APA) $8.34

APA is a diversified energy infrastructure business, and while its core operations are heavily exposed to gas transmission, they also have electricity, renewable energy, and other energy services. The stock has advanced +20% so far in 2025 and we’ve covered APA at length along what’s been a choppy journey across holdings in two MM portfolios with differing entry levels.

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05/06/2025 09:47

APA Group (APA) $8.35

We have looked at APA a number of times in the last year, but after carrying an unwavering bullish outlook through 2025, we are slowly starting to temper that view as the stock approaches our target area.

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06/05/2025 09:20

APA Group (APA) $8.32

APA rallied +1.1% on Monday, testing its 2025 high on a day when the ASX  came under pressure. We have discussed APA a few times recently, holding onto an unwavering bullish view.

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27/03/2025 09:54

APA Group (APA) $7.87

We have left APA until last because we have reviewed the stock several times over the past six months. In February, the stock significantly exceeded market expectations, and in particular, APA stated that it could internally fund its planned $1.8 billion organic growth programme over the coming three years without a capital raise.

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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

APA is our preferred defensive infrastructure stock on the main board. The utility is estimated to yield approximately 7.5% over the next 12 months, which is particularly attractive given the expectation of further interest rate declines leading into Christmas.

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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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