03/07/2025 10:00

Active Income Portfolio – Amendments

We are making several changes to the Income Portfolio today

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02/07/2025 09:51

Metcash (MTS) $3.94

Metcash has rallied nicely following stronger-than-expected results in June, and we can see the momentum in the stock pushing shares above $4.

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23/06/2025 17:05

Metcash (MTS) $3.80

MTS +2.7%: Delivered a strong FY25 result broadly in line with expectations. Underlying profit was slightly down on the year prior, however the struggling Hardware segment showed strong signs of a turnaround. 

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10/06/2025 17:41

Metcash (MTS) $3.51

MTS +3.54%: Upgraded profit guidance upgrade that was in line with analyst estimates, whilst also announcing a key strategic restructure in its Hardware segment. FY25 underlying profit forecast has been upgraded to $273–$277 million, with consensus figures at $274 million.

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05/06/2025 09:48

Metcash Ltd (MTS) $3.41

MTS is forecast to yield 7% fully franked over the next 12 months, which combined with the stability from its business mix should be supportive with rates set to fall in the coming quarters.

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27/03/2025 09:53

Metcash Ltd (MTS) $3.13

Metcash has struggled over the last three years as the owners of household brands such as IGA, Porters Liquor, Mitre 10 & Total Tools have faced intense competition, particularly in hardware, where growth has failed to live up to expectations – Bunnings is a tough adversary!

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19/02/2025 09:41

Metcash (MTS) $3.20

Metcash has been under pressure for the past 12-months with softer earnings forcing them to downgrade FY25 guidance, now with 2-months of trading to go before they wrap up their fiscal year at the end of April. We have no specific update on MTS,  other than to reiterate that it remains our preferred “value for money” exposure to Australian consumer spending and sentiment

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04/12/2024 09:37

Metcash (MTS) $3.43

MTS reported 1H25 results on Monday that were in line with recently downgraded guidance. However, the important part of the update was refreshed insight into how trade was tracking to start the 2H, with noticeable improvement across hardware and liquor, two areas the market had concerns about.

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02/12/2024 16:50

Metcash (MTS) $3.19

MTS +2.24%: Reported 1H25 results this morning that were inline with company guidance and slightly ahead of consensus, which had been downgraded about a month ago.

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13/11/2024 09:29

Metcash (MTS) $3.04

A tough run in the last few months for Metcash, with selling accelerating when Goldman Sachs took a knife to their forecasts and cut the stock to sell, a good call in hindsight ahead of the company downgrading 1H25 earnings guidance towards the end of October.

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