Viewpoint: Bullish
Light & Wonder, Inc. is a cross-platform global games company with a focus on content and digital markets. The Company’s segments include Gaming, SciPlay and iGaming. The Gaming segment designs, develops, manufactures, markets and distributes a comprehensive portfolio of gaming content, products and services. The Company provides its gaming portfolio of products and services to commercial casinos, Native American casinos, wide-area gaming operators such as licensed betting offices (LBOs), arcade and bingo operators in the United Kingdom and continental Europe, and government agencies and their affiliated operators. The SciPlay segment is a developer and publisher of digital games on mobile and Web platforms. The SciPlay segment operates primarily in the social gaming market and hyper-casual space. The iGaming segment provides a comprehensive suite of digital gaming content, distribution platforms, player account management systems, as well as various other iGaming content and services.
Ventia Services Group Limited is an essential infrastructure services provider in Australia and New Zealand. Its segments include defence and social infrastructure, infrastructure services, telecommunications and transport. The defence and social infrastructure segment provides maintenance and support services to customers operating across defence, social infrastructure and others. This segment also provides property and consulting services. The infrastructure services segment supports the ongoing operation and maintenance of infrastructure. This segment also provides environmental remediation and rehabilitation services. The telecommunications segment provides end-to-end service capabilities that span design, supply, minor construction, installation, commissioning and maintenance of telecommunications networks and infrastructure. The transport segment provides maintenance, project delivery and technology solutions to owners and operators of road, motorway, tunnel and rail networks.
Headquartered in Saskatchewan, Canada, Cameco is one of the world’s largest providers of Nuclear fuel with a market capitalisation of US$12.3bn. Uranium sales make up around 70% of their earnings with their associated services make up the rest, however it’s their asset base that underpins their valuation and they are well positioned to take advantage of the worlds push into cleaner energy.
NAB has just released 1H23 results and they are a slight miss with lower-than-expected Net Interest Margins (NIM) the main driver. 1H23 Cash earnings of $4.07bn were up 17% however that compared to $4.18bn expected (-2.6% miss) thanks to a NIM of 1.77% versus 1.83% expected. That resulted in 1H Dividend of 83cps, up from 73cps in 1H22, but a tick below the consensus of 84cps.
