scroll

Q&A for Sat Weekend report – ASB & XRO

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 09/02/2024

Q&A for Sat Weekend report – ASB & XRO

Hi James and Team ASB - Can I have your current view on Austal - it has rallied recently. It reports on 26 Feb. Would you hold until they report or do you feel they will disappoint again and would sell into this rally? XRO - Xero does not report full year results until May 2024. After disappointing the market in Nov 2023 in their half-year results are you still looking at selling into strength with a price target of $120 still looking possible or has this sell price target been lowered? regards

Answer

Hi,

ASB: Our gut feel is they’ll report okay, recent announcements have been positive.
XRO: Price target remains $120 for us. We don’t see any reason to lose patience with this.

chart

Austal (ASB)

LAST UPDATED 09/02/2024 11:38

Latest Reports

Morning report 02/07/2025

Portfolio Positioning: MM is looking to “tweak” portfolios into FY26

The ASX200 has started July in subdued fashion, remaining unchanged after its first two trading sessions. As would be expected after a quiet start to the week and month, news was thin on the ground, but we did see some action starting to unfold on the stock level.

Afternoon report 01/07/2025

The Match Out: A flat start to FY26 for Aussie stocks

A lacklustre first trading session of FY26 with the index trying to push higher early but faltering before the closing bell. All those itching to sell CBA can now do so without paying tax for a while prompting some re-allocation amongst the banks - ANZ the standout today up +2.5% while CBA fell by 1.2%. It was fairly quiet elsewhere.