We at ShareCafe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. To make it easier to do so, here it all is in one handy location. Just click on the headline and you’ll be taken straight to the story.
Monday 26th April, 2021
OzMin Making Hay while the Sun Shines
Oz Minerals is moving to boost growth projects at some of its mines as it seeks to take advantage of strong prices for key commodities.
Tuesday 27th April, 2021
Westpac Decides to Clean House
Westpac’s interim profit next week will take a $582 million hit from provisions, write-downs and a range of other “notable items”, the bank told the ASX in a Monday announcement.
Four Real Estate Trends to Watch as Economies Reopen
After a tumultuous 2020, the investment team at Fidelity International has identified four main trends that will drive real estate this year and in the decade to come.
Covid Gives McGrath a New Lease on Life
Covid has brought a second chance to listed real estate agent McGrath Ltd, with the company telling the ASX it is on track for a significant boost to full year earnings.
Finding the Pawns that Will Become Queens
Every large company was once a small company. The hard part is to identify those small companies that will grow to be large ones. Cameron McCormack from VanEck Investments has some insights how to do so.
NIB Vital Signs Finally Coming Good
NIB Holdings has reinstated profit guidance for the first time since pandemic lockdowns began as the health insurance sector continues to escape the big slide of 2020.
Market Shrugs Off Sigma CEO Loss
Sigma Healthcare shares took the loss of CEO Mark Hooper surprisingly well yesterday, given the surprise nature of the announcement and the lack of any real explanation.
Erratic Session for Tesla after Result Announcement
Tesla shares were all over the place on Monday ahead and after the release of the electric vehicle maker’s March quarter results.
Hot Ore Market Comes Steel-Reinforced
The boom in iron ore prices continues and South Korean steelmaker Posco on Monday provided a good explanation as to why – business is going very well indeed.
UK punting giant Entain has lifted its offer for Tabcorp’s bookmaking and media division by half a billion dollars, taking the new price to $3.5 billion.
Wednesday 28th April, 2021
BlueScope Flourishing on Steel Demand
18 months after warning high iron ore and coking coal prices would damage earnings, BlueScope is more profitable than it ever has been despite ore prices surging even further.
Nickel Mines Savaged on Poor Production Numbers
Shares in Indonesian-focused Nickel Mines were savaged on Tuesday after the company’s March quarter report revealed lower than expected nickel sales and production.
Strong HSBC Result an Appetiser to Local Bank Feast?
HSBC lifted first quarter earnings 79%, as the Asia-skewed lender recovers from the coronavirus pandemic and the problems in Hong Kong in 2019 and 2020.
Slowly, but Surely – the Emergence of New Market Leaders
Alison Savas from Antipodes runs through her thoughts on the world’s markets at present, where the risks lie, and how the Antipodes Global Fund’s portfolio is currently positioned.
Reliance Posts Strong Quarterly Despite Currency, Material Costs
Plumbing and building supplies group Reliance Worldwide shares hardly moved yesterday in the wake of an early solid March quarter sales update.
Odds Shortening on Entain Success with Tabcorp Bid
The chances have improved for Entain to grab control of Tabcorp’s bookmaking and media division after it sweetened its original $3 billion offer with an additional $500 million.
MIRA Wastes No Time in Calling Bingo
Bingo said the shareholders of Sydney waste merchant, Bingo Industries as it finally said ‘yes’ to a bid from Macquarie Infrastructure and Real Assets and its managed funds for $2.3 billion.
Geminder Stands Pact on McPherson’s Play
A quick turn of events in the going nowhere takeover battle between Melbourne-based multi millionaire, Raphael Geminder and his target, Melbourne-based McPhersons.
Record Vale Result a Good Sign for Aussie Miners
Exporting iron ore to China just got even more profitable thanks to record prices, as was made very clear in the March quarterly financials from Vale, the big Brazilian miner and exporter.
There’s nothing like high prices to bring a lot of green to the balance sheets of oil companies and a smile to the faces of their executives.
Megatechs Keep Making Megabucks
Results from two of the world’s major megatechs – Microsoft and Alphabet – have again underlined who the big winners continue to be in the business world.
Archegos Losses Continue to Mount
The losses keep mounting for some of the financial world’s biggest names from the shock failure of Archegos Capital — almost a month after the collapse of the US hedge fund.
Thursday 29th April, 2021
Paul LaCoursiere, Head of ESG Investments at Janus Henderson, introduces the three main categories of ESG investment strategies and explores some of the considerations to be aware of.
Economists See Inflationary Risks to the Upside
Economists think that headline inflation will surge from the March quarter’s annual rate of a weak 1.1% to more than 3% in the current June quarter.
Records Everywhere in March Trade Data
Australia exported a record $14 billion worth of iron ore in March, a $2.5 billion increase from February as volumes recovered and prices surged to a series of new highs.
IGO Quarterly Saved by Currency Windfall
Shares in explorer and miner IGO hit a two-month high on Wednesday after a weak underlying quarterly update that was rescued by a huge windfall in currency gains.
Forewarned Market Takes Coles Weakness in Its Stride
After being told to expect weaker earnings well in advance, Coles investors were not surprised when the fall did eventuate in the March quarter, according to the retailer’s update on Wednesday.
Link Jilted at the Altar Yet Again
Yet another takeover offer for Link Group has fallen over as the group of investors led by the Pacific Equity Partners and the US Carlyle group dropped their bid and departed the arena.
Another Long-Time CEO Bites the Dust
Investors reacted predictably after long-time JB Hi-Fi CEO Richard Murray sprung a major shock on investors by deciding to leave JBH for the top job at the much smaller Premier Investments.
Upgrades keep flowing, this time from protective equipment maker Ansell and property and retail group Mirvac, both of whom indicated stronger second quarters.
Friday 30th April, 2021
The US Federal Reserve issued an upbeat assessment of the health of the American economy as it emerges from the pandemic.
Apple, Facebook Don’t Disappoint
Apple’s and Facebook’s quarterly performances easily topped all expectations as the megatechs continued to demonstrate why they dominate US investor thinking.
Factoring in Factors to Your Investing
Factor investing is an investment approach that involves targeting specific drivers of return across asset classes. Isaak Walkom from BetaShares explains more on the concept.
Newcrest Joins the Running of the Bulls
Newcrest Mining, Australia’s biggest gold producer, has joined the generally upbeat parade of Australian resource companies in reporting a solid performance for the three months to March.
Fortescue Remains on Track for Huge Year
Fortescue Metals is looking likely to enjoy a substantial surge in revenue for the six months to June that will boost earnings and dividends for shareholders for the full year.
Investors Check Out of Woolies after Poor Result
Shares in Woolworths fell to their lowest level in more than a month on Thursday after the country’s biggest retail group produced weaker than expected sales figures for the third quarter.
GPT Shares Softer Despite Bullish Result
Despite the upbeat commentary across all its sectors and “strengthening” operating environment, a late selloff saw GPT shares finish Thursday’s trading session marginally weaker.
Spoiler Swoops Late on McPherson’s
Sydney based pharmaceutical group Arrotex has entered the McPherson’s fray with their offer of $1.60 a share knocking out the existing $1.34 bid by Melbourne rich-lister Raphael Geminder.
US GDP Confirms Turnaround Underway
The first estimate of March quarter economic growth for the US economy confirmed the upgrade from the Federal Reserve to the way it described the growing economic bounce back.
Amazon Joins Cash Cow Conga Line
Amazon has joined Netflix, Alphabet, Facebook, Apple and Microsoft in confirming that they are now value stocks for the continuing strong growth in earnings.
Copper Within Cooee of All-Time Highs
Copper heads into the final trading day of April within sight of joining iron ore at all-time highs.
ANZ Follows Westpac Lead and Tidies Shop
Earlier in the week it was Westpac with some balance sheet tidying up ahead of next week’s interim results; on Friday it was the ANZ with a rather larger amount.
