ASX200 up 32 points (0.4%) to 7495.
- Adairs (+1.9%); FY profit $63.7m, up 81%.
- Cochlear (-7.4%); FY profit $237m vs $153m yoy. Guidance $225-$245m. Div $1.40 +59%. Market share gains and recovery on implant surgeries.
- Cleanaway (+1.5%); FY profit $147.7m, up 31%.
- Inghams (+3.8%); FY profit doubles to $83.3m.
- Lend Lease (+0.2%); ex div 12c. Trading up 2c.
- New Hope Coal (+0.5%); 4Q coal output better, sales rose as well as the coal price which saw EBIT $188m.
- Saint Barbara (-2.6%); expects a non-cash impairment of $250-$300m from its Atlantic Operations in FY21.
- Santos (-1.3%); ex div 7.5c. Trading down 8c.
- Stockland (-0.2%); FY profit $1.1bn vs $21m loss yoy. Sees an improvement in funds from operations.
- Sydney Airport (+0.3%); 1H earnings declined. 1H loss $108m vs $52m loss yoy. No guidance until more clarity.
- TPG Telecom (-0.4%); 1H profit -5.7% to $132m vs $140m yoy. Wil conduct a strategic review for tis mobile towers and flagged a mobile price war.
Friday Dad Joke;
A woman who was 3 months pregnant falls into a deep coma. 6 months later she wakes up and asks the doctor about her baby.
Doctor; Don’t worry. You had twins, a boy and a girl and your brother named them for you.
Woman; Oh no. Not my brother. He is an idiot. What did he name them?
Doctor; Denise.
Woman; That’s not too bad. What about the boy?
Doctor; Denephew.
