02/06/2025 16:54

Washington H. Soul Pattinson (SOL) $43.00

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11/03/2025 16:46

Brickworks (BKW) $23.85

BKW –6.91%: Released a trading update today prior to 1H25 results due 20th March, forewarning a post-tax impairment of $55 million to its Brickworks North America division. 

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26/09/2024 17:03

Brickworks Ltd (BKW) $28.52

BKW +7.22%: was up today on better than expected full-year results. The primary driver of the rally was higher-than-expected property revaluations (circa. 40%) which pushed industrial rents up.

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21/06/2024 09:04

Brickworks Ltd (BKW) $27.19

In March, BKW reported an underlying loss for the half of -$37m, which was better than the consensus of -$49m. The outlook commentary was upbeat and, in hindsight, premature, but when inflation is finally put to bed and rate cuts can unfold, this building products business should be well positioned – in 2023, the business generated ~25% of its revenue from North America.

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21/03/2024 16:46

Brickworks Ltd (BKW) $28.31

BKW –3.05%: Reported an underlying loss for the half of -$37m which was better than consensus of -$49m. Weaker property driven by negative revaluations and higher interest costs were offset by Building Products and Investments along with a lower tax rate. They raised their interim dividend to 24cps (vs 23c this time last year).

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29/02/2024 09:15

Brickworks Ltd (BKW) $29.33

BKW hit a fresh all-time high this week, a narrative being enjoyed by a number of ASX stocks. This is one company that doesn’t report until late March, but it has enjoyed the excitement generated by a number of takeover bids reining in on its peers. In line with the sector, BKW has also benefitted from the anticipated pick up in earnings compared to last year as cost pressures start to subside.

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19/12/2023 09:19

Brickworks Ltd (BKW) $27.44

BKW held its AGM last month, with the key takeouts being a 10% reduction in property trust valuation in 1H24, although there is still a strong rental uplift anticipated, 1Q24 Australian and US building product earnings (EBITDA) are set to increase compared to last year as cost pressures finally start to subside.

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29/09/2023 08:41

Brickworks Ltd (BKW) $24.07

BKW tumbled -6.4% on Thursday after the building supplies manufacturer reported that net income for the full year fell 54% to $394.7mn. Weighing on the stock was EBITDA in North America and Australia falling while margins were under pressure from inflationary pressures – same story, different stock & day!

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21/07/2023 09:11

Brickworks Ltd (BKW) $24.98

BKW hit a record high last month, aided by a strong property division which is likely to fare better through an economic downturn with strong rental increases helping to offset building products headwinds.

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26/05/2023 08:56

Brickworks Ltd (BKW) $25.44

BKW delivered a broadly in-line result last quarter on the back of stronger-than-expected Property EBIT, although the biggest contributor to this was $113m in upward revaluations. Building products earnings are likely to face significant headwinds from FY24 (with BKW trying to hold price in the face of elevated input costs despite softer vols), property should fare better through the downturn with strong rental increases helping to offset cap rate headwinds.

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