No Turnaround At Coca-Cola Amatil
Coca-Cola Amatil shares have sunk to levels not seen for two years as the company again provided disappointing news about its sales and financial performance.
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Healthscope In The Casualty Ward
The nation’s second largest private hospitals operator Healthscope has joined its sector peers in the shape of Sonic and Primary Health Care in a less than spectacular performance in 2016-17.
Read MoreTough Outlook For IAG
In late June, Insurance Australian group shares jumped to an equal all time high of $6.97 after a confident earnings upgrade for the financial year that was about to end on June 30.
Read MoreSpotless Denies Downer Opponents A Dividend
The game of corporate chicken is now underway at Spotless as hold out shareholders who are refusing the $1.15 cash offer from Downer EDI, are told there will be no final dividend.
Read MoreVocus Confirms Write-Offs
As expected, Vocus Group booked a $1.5 billion loss for the year to June 30, compared with a $64 million profit in the previous period after the more than $1.5 billion in asset write-downs across its Australia and New Zealand businesses announced last week.
Read MoreWhy The Reject Shop Shares Are Sinking
Discount retailer The Reject Shop’s (TRS) weak trading performance for the six months to June especially has seen the company omit its final dividend for the 2016-17 financial year.
Read MoreAir New Zealand Rides Airline Boom
Competition might have stiffened in the past year, but Air New Zealand has confirmed that the boom in airline profitability continues in this part of the world (and Qantas will add to that confirmation when it reports its 2016-17 figures on Friday).
Read Morea2 Milk Outpaces Dairy Rivals
No dividends for shareholders in boom NZ-based dairy group, A2 Milk, but directors will run a $40 million share buyback over the next year to satisfy demands from investors. And a special dividend cold be in store if the company continues to perform as well as it has been in the past year.
Read MoreBHP Pulls Pin On ‘Non-Core’ US Shale
BHP wants to get rid of its controversial US oil and gas shale assets and will do so in the coming year – mind you the pressure from US vulture fund, Elliott Management had little to do with the decision, did it?
Read MorePet Play Greencross Lifts Profit 7%
Petcare retailer Greencross has forecast further sales and earnings growth in 2018 and is paying an unchanged final dividend of 9.5 cents a share, taking the full year payout to a steady 19 cents a share.
Read MoreAmcor Boxes Solid Result
Incremental and highly confident could be three words you could use to sum up the 2016-17 results and outlook from the Melbourne-based global packaging giant, Amcor.
Read MoreMore Pain For Troubled Aconex
On January 30 this year, shares in construction software company Aconex took a fearful hammering, almost halving in a day as the once high flier was whacked by investors upset at a sharp and unexpected downgrade in 2016-17 earnings.
Read MoreMurray Goulburn Confirms Losses, Entertains Bids
The hard times (all self-inflicted) continue for Australia’s largest dairy group, Murray Goulburn with the group reporting a net loss for the year to June of $371 million and revealing that the company has fielded some approaches from tyre kickers.
Read MoreBHP Triples Dividend As Earnings Rebound
BHP Billiton has boosted payout to shareholders by $US1 billion more than it need under its current policy after boosting net profit to $US5.89 billion in the year to June from a loss of $US6.385 billion the year before.
Read MoreBuffett Loses Bidding War For Energy Company
Warren Buffett’s legendary refusal to pay more than it wants to for an asset has been underlined by the company missing out by around $US450 million on a big energy play in Texas.
Read MoreBrambles Profit Slips On US Writedown
New CEO, old story at Brambles with news of a sharp fall in full year profit (not forgetting that the downgrade in January and then confirmed at the February interim figures release) for the year to June.
Read MoreFortescue Ups Payout As Profit Soars
Fortescue Metals Group has more than doubled its net profit, to $US2.1 billion ($2.7 billion), lifted dividend and pledged to reward shareholders with a bigger dividend in the current financial year.
Read MoreBlueScope Outlook Spooks Investors
BlueScope Steel took a pounding yesterday on the news of a bit hit to 2017-18 earnings from higher energy costs, a slightly weaker result and dividend than forecast for the year to June, and news of a cartel investment by the competition regulator, the ACCC.
Read MoreShunned Vocus Downgrades Outlook
Shares in telco, Vocus Communications shed more than 14% of their value yesterday after the company joined Fairfax Media in being rejected by private equity suitors.
Read MoreHome Renos Help GWA Hold Steady
A flat year all round for bathroom and kitchen products supplier GWA Group.
Read MoreOil Search Rebounds On LNG
Like its larger rival, Woodside a week ago, Oil Search has ridden the improved performance of oil and LNG prices in the six months to June
Read MoreWestern Areas Shakes Off Soft Nickel Price
Nickel miner, Western Areas was another to join the lists of resource companies reporting better results this reporting season.
Read MoreSky NZ Sheds Pay TV Subscribers
It’s not just Australia where Pay TV is under growing financial pressure (for example, Foxtel lost around 100,000 subscribers over 2016-17 and earnings slumped as costs rose and the company was forced to write off more than $140 million in losses on the Ten Network shareholding adventure and its Presto streaming service). Foxtel’s former News Corp stablemate, Sky TV, across the Tasman, is experiencing a similar situation.
Read MoreNorthern Star Shines With Record Profit
The resource sector continues to yield solid to outstanding June 30 reports.
Read MoreBlueScope Boss Heads For The Exits
BlueScope Steel CEO, Paul O’Malley is going out in style after announcing an expected surge in earnings for the year to June 30. O’Malley says he will retire at December 31 and will be replaced internally by the company’s Australia and NZ CEO, Mark Vassella. The company has issued several upgrades during the year and Monday morning revealed a $715.9 million net profit after tax for the year to June 30, up 102% on 2015-16.
Read MoreOil Confounds Hitting 4-Week High
Oil saw a four week high surge on Friday night confusing investors and analysts alike.
Read MoreMarkets Lose Patience With Trump
Wall Street is starting to look a little tired as brokers become more concerned about valuations and the growing belief that President Donald Trump will not deliver on tax cuts or on big spending deals in infrastructure.
Read MoreCommodities Edge Higher
Quietly, commodity markets staged something of a major rally last week without too many people noticing.
Read MoreDiary: Corporate Earnings, Yellen At Jackson Hole
With earnings dominating many markets, attention won’t focus on economic issues until Friday when Federal Reserve chair Janet Yellen addresses the annual Jackson Hole conference in the US which is hosted by the Kansas City Federal Reserve which sees major central bankers and others from around the globe meet for two days of discussions, speeches and networking.
Read MoreBHP Highlights Bumper Week Of Results
The June 30 reporting season hits its peak week over the next five days with around 100 major companies reporting – from BHP, Woolworths, to Qantas, IAG and a group of media companies on Thursday.
Read MoreASX Set For Soft Open
It’s going to be a rough start to trading on the ASX this morning on top of Thursday’s Telstra driven surge and slide.
Read MoreBHP To Expand Copper Mine In Chile
BHP Billiton has made its third big investment decision to expand and extend the life of a major hard rock mining asset in a month. The company revealed last night that it will spend $US2.46 billion on extending the life of a copper mine in Chile by 50 years.
Read MoreOptimistic Cochlear Raises Dividend
Cochlear shares are on track for their best day in 18 months, after the pioneering hearing implant maker boosted earnings by more than expected, boosted its final dividend by more than expected and foreshadowed further growth in 2018.
Read MoreInvestors Unconvinced On QBE Outlook
Yesterday was the day QBE looked like impressing the market than providing one of its now usual disappointments.
Read MoreNespresso Deal Boosts Breville
After the bloodbath yesterday in Telstra stock it was interesting that the lust to punish other companies wasn’t sustained, not after the stupid over reaction to CSL’s solid report and higher dividend on Wednesday.
Read MoreTreasury Wine Cheers China Demand
Finally Australia has a wine company that is showing it can deliver on the promises of being good brand manager, wine grower and maker, exporter and can take Australian wine to the world and make money.
Read MoreMiners Evolution, Whitehaven Deliver Strong Profits
We saw very strong earnings reports yesterday from two mid-range miners – Evolution Mining and Whitehaven Coal. Both solid results had been well forecast by the market.
Read MoreCoal Counters Coles At Wesfarmers
A rebound in resources plus another solid contribution from its Kmart department store and Bunnings’ Australian operations helped Wesfarmers more than offset another loss in Target, a loss in its new UK operations and a weaker contribution from the Coles supermarket chain in the year to June 30.
Read MoreTelstra Dials Back Dividend Policy
While Telstra executives defended the decision to cut the telco’s dividends yesterday – more than 180 million with a value of close to $700 million were sold – investors were selling the shares by the millions, pushing the shares to five year lows.
Read MoreAnalysts Slice Domino’s Outlook
As was expected on Tuesday, it only took a day for investment analysts to take their red pens and mark down the value of Domino’s Pizza Enterprise shares.
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