NCM +1.49%: 1H numbers out for the gold miner were positive. EBITDA & NPAT were slight beats to consensus despite a revenue miss as Newcrest managed costs well. They have managed to replace a mill motor at their key Cadia mine in good time which has enabled the company to maintain production guidance. They have noted cost pressures coming through and they will need to work on energy consumption after Origin (ORG) announced the early closure of the Eraring Coal plant but the numbers are hitting expectations at the moment.
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Performance update for March, stocks that drove returns & our current positioning
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Thursday 18th April – ASX200 +32pts, Resmed (RMD), Transurban (TCL), Santos (STO) & SRG Global (SRG)
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Market Matters Research Lead Shawn Hickman with David Koch
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Thursday 18th April – DOW -45pts, SPI +20pts
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MM remains long and bullish NCM
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Performance update for March, stocks that drove returns & our current positioning
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Market Matters Research Lead Shawn Hickman with David Koch
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