Glenn Dyer, Author at ShareCafe

Shareholders in Adelaide Brighton (ABC) will receive a small lift in interim dividend, and a much bigger surprise, a special four cents a share payout after reporting a modest 7.8% rise in net profit after tax for the six months to June 30.

Harvey Norman Posts Bumper Result

Harvey Norman (HVN) reported a bumper result for the year to June, sending the shares up to their highest level for more than 8-years.

ASX Ends August In The Red

Sleepy August has become back at work September when markets more often than not start shaking, rattling and roiling.

Commodities Post Mixed August

A very mixed month for commodities as the timing of the next US rate rise loomed larger as the month ended, and continues as September begins.

Challenges Remain For Emeco

Mining services group Emeco Holdings (EHL) has continued the trend for companies in its sector to report another round of weak results for the year or half year to June 30.

Surfstitch Wipes Out, Again

Shares in online action sports retailer Surfstitch collapsed yesterday, more than 50% in value after it shocked investors with a loss of $154.7 million.

BHP Boss Loses Bonus Over Samarco Disaster

The Samarco mine disaster in Brazil has seen BHP Billiton’s board drop the bonus that would have been paid to CEO, Andrew Mackenzie for the year to June 30. Nineteen people died in the wake of the dam burst and flooding and dozens were injured, Several villages were destroyed and damage in the billions of dollars was caused.

Building Approvals Jump In July

Now here’s something no one saw coming – and it means the residential construction market will be much stronger than expected going into 2017.

Ramsay Health Care Lifts Profit 17%

Shares in institutional favourite, Ramsay Health Care (RHC) jumped to an all time high yesterday after it revealed a 16.8% jump in 2015-16 earnings and forecast a 10% plus gain for the current financial year.

Slater & Gordon Confirms Huge Loss

Even though the size of the loss was not unexpected, the $1.02 billion full year loss revealed yesterday by Slater and Gordon was still shocking.

Temple, Webster And A Massive Loss

As expected online furniture retailer Temple & Webster (TPW), which only listed on the ASX last December, had a rotten year to June 30, racking up a big loss, as forecast in the company’s prospectus.

Estia Falls Short

Investors ignored the 16% rise in June 30 profit reported yesterday by Estia Health (EHE), one of the country’s largest aged care operators, and instead focused on a number of guidance misses in earnings.

Lowe’s Takes Woolworths To Court

Just when Woolworths (WOW) thought it had put the Masters hardware disaster behind it with those deals last Thursday to close and sell off its outlets and stock, along comes its partner, US hardware giant, Lowes with legal action that could see a key part collapse.

Austal Confirms Losses

Perth-based shipbuilder Austal (ASB) has confirmed the extent of the loss from its big US Navy shipbuilding program produced a $115 million write down a month or so ago.

Earnings Season To Peter Out

The Australian June 30 earnings season wraps up with only 12 major companies left to release data this week for either the June full or half years.

Yellen Speaks, Markets End Week Mixed

Markets survived the comments from Fed chair, Janet Yellen on Friday night our time on the outlook for US interest rates (higher rates are coming, but not just yet).

Diary: US Jobs, Earnings Wrap Up

It’s the usual start of month flow of data for this week that will torment, frustrate or encourage investors around the globe.

Wheat Prices Fall To Lowest In A Decade

Fed chair, Janet Yellen’s speech on Friday night failed to rattle commodity markets – even as it helped to push the value of the US dollar higher.

Coke Still Flat

Investors sooooo spotted the weakness in the interim results from Coca-Cola Amatil (CCL).

Mayne Pharma Delivers

Drug maker Mayne Pharma (MYX) is one of those rare stocks where investors expect much more from it in the coming year, than they saw in the year to June 30.

Flight Centre Hits Turbulence

Investors took a wary, but slightly positive stance with Flight Centre’s (FLT) 2015-16 results yesterday and veiled warning about the current financial year.

Hardware Hopes Lift Metcash

Metcash (MTS) shares hit more than two-month highs after it bought the Timber & Hardware Group for $165 million. It was a positive sign for Metcash as it tries to build a viable rival to the mighty Bunnings.

Retail Food Bulks Up, Again

Global carbs and sugar king, Retail Food Group (RFG) has showered a plate full of goodies on shareholders, lifting full year profit, final dividend and revealing yet another acquisition to bolt on to its already vast group of food brands and snacks.

Amcor Shakes Off Venezuela Writedown

Shares in packaging giant Amcor (AMC) jumped nearly 5% after it revealed a solid set of figures for the 2015-16 financial year.

Breville Warns On ‘Challenging’ Outlook

Breville (BRG) shares slumped 8% to a two-month low yesterday after directors and management said the current financial year would be “challenging”.

Nine Disappoints As Southern Cross Stars

We saw contrasting 2015-16 results and outlooks for the next year from the Nine Network (NEC) and its new regional TV affiliate, Southern Cross Austero (SXL) yesterday.

Investors Wait For The Woolies Turnaround

Not so wow! Investors sent Woolworths (WOW) shares sharply higher at one stage yesterday in a relief rally that was based on the immediate belief the retailer had put all the bad news behind it after getting rid of its costly hardware debacle.

Why Woolies Is Still Not Out Of The Woods

Woolies woes are a Woolies problem – all homegrown and not caused by the rise of Aldi, Coles rebirth, or anyone else.

South32 Swings To Loss

A not unexpected loss for the year to June for the BHP Billiton spin-off South 32, but that hasn’t stopped the company from giving shareholders their first ever dividend.

Brexit Volatility Hits Westfield

The impact of the UK’s June 23 Brexit vote continues to catch Australian companies unawares.

Can Metcash Threaten Bunnings?

Metcash is making is second and almost certainly last attempt to marshall a viable competitor to Australia’s dominant hardware retailer, the Wesfarmers-owned Bunnings.

a2 Milks China As Revenue Doubles

NZ-based milk group, The a2 Milk Company rode the backlash against the big retailer’s $1 a litre milk deal and the desire from customers for their type of milk (especially from China) to report a dramatic surge in sales and profits for the year to June 30.

Boral Posts Flat Earnings Growth

For some obscure reason, investors took the big stick to Boral shares yesterday, sending them down 6.5% in early trading to $6.87, despite a higher final dividend and a solid earnings report for 2015-16.

Bega, Murray Goulburn Unveil Profits

One the face of it the 2015-16 results yesterday from two of Australia’s major dairy processors, Murray Goulburn and Bega Cheese, were a case of slump, what slump in the industry.

Qantas Soars To New Heights

Qantas and the market are back in love. Several months of estrangement saw investors and analysts marking back the prospect for the airline as global oil prices rose to more than $US50 a barrel. That saw the shares sold off from their most recent highs in April around $4.16 to a low of $2.61 in late June as oil prices peaked, only to fall sharply in July and early August before rebounding again.

Target, Coal Weigh On Wesfarmers