Investors Check Out of Coles on Cautious Prognosis
Coles shares lost more than 5% yesterday after the company warned sales could weaken in the June half of 2020 as the COVID-19 sugar hit to the sector wears off.
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Solid Recovery for Westpac, Better Days Ahead
Westpac has joined rivals the Commonwealth and National Australia Bank (as well as the regional Bendigo and Adelaide) in reporting a solid recovery in earnings, thanks to the improving economic outlook.
Read MoreHigh Now, Pain Later for Super Retail?
Outdoors and automotive retailer Super Retail Group has joined Coles in warning that its sales may start to slow in coming months as vaccines take hold and government stimulus spending eases.
Read MoreWhen Being an Active Shareholder Can Make a Difference
These are some reasons why, as a shareholder, we at Investors Mutual agitate for change on a wide range of company issues fundamental to growing shareholder wealth.
Read MorePressure Mounts on Tabcorp as Profits Fall
Yesterday’s half-year results provided a solid hint as to what lies behind Tabcorp’s current popularity, with a 7% slide in profit despite a surge in online betting and growth in its lotteries business.
Read MoreEvening Report: ASX eases back on busy day of company profits
The Aussie market was unable to extend its recent winning form with the ASX 200 easing back from yesterday’s 11-month highs. There was plenty of company action as profit results continue to fly in thick and fast.
Read MoreTreasury Wines on the Nose as China Ban Corks Profits
Treasury Wine Estates wants to go on something of a ‘wine diet’ by getting rid of a reported $300 million in assets as it revamps itself to move away from depending too much on selling into China for growth.
Read MoreWhitehaven Fades to Grey with Big Loss
The fading fortunes of the Australian coal industry were underlined Wednesday when major NSW exporter, Whitehaven reported a big loss and withheld their dividend.
Read MoreLunch Report: Shares ease for first time this week
The Australian sharemarket is slipping for the first time this week after hitting an 11-month high on Tuesday. Gains from Westpac and BHP are helping offset some of the declines.
Read MoreAustralia…One Hour In…ASX down 22 points
ASX200 down 22 points (0.3%) to 6896. Tabcorp (+0.2%); 1H profit -7% yoy and said it will take appropriate time to consider proposals for the wagering business.
Read MoreColes Cautious on Prospects
Supermarket giant Coles has become the first retailer to explicitly warn that sales could decline over the remainder of the year as the COVID-19 sugar hit to the sector in the June half of 2020 wears off.
Read MoreFletcher Building Reinstates Div after Strong Result
NZ-based Fletcher Building is returning to the list of companies paying dividends after a break of 18 months following a 48% jump in first-half profit.
Read MoreMorning Report: US stocks moderate in the face of rising oil prices & interest rates
The Dow Jones index rose by 64 points or 0.2% to a record closing high. But the S&P 500 index fell by 0.1% and the Nasdaq index lost 48 points or 0.3%.
Read MoreBrambles Surprises on Upside, Talks Up Prospects
Brambles shares edged higher yesterday after the company produced a better than expected first half performance and upgraded its outlook.
Read MoreImproved Confidence Yet To Play For Altium
Risks implied in second half forecasts suggest Altium is not completely out of the woods, although longer-term growth appears solid.
Read MoreFortescue Falls on Iron Bridge Woes
Shares in Fortescue metals Group fell nearly 3% in late trading after the company revealed the sudden departure of three senior executives associated with its Iron Bridge magnetite project.
Read MoreSims Back in the Black, Dividend Back in the Pink
Metal recycler Sims has reinstated its interim dividend, with a 12 cents a share fully franked payout after returning to profit in the six months to December.
Read MoreResources in 2021: A year of transformation
Daniel Sullivan, Head of Global Natural Resources at Janus Henderson, discusses the key drivers of change in the natural resources sector and what’s ahead for mining, energy and agriculture in 2021 and beyond.
Read MoreNAB Result Confirms Rosy Outlook for Banks
NAB has joined CBA in confirming that the country’s big four banks remain in good health as revenue, business and profits ride out the COVID-dominated economy.
Read MoreBHP Lifts on Strong Report, Increased Dividend
BHP shares jumped nicely yesterday after the world’s biggest miner boosted interim dividend by more than 50% off the back of a solid performance in the six months to December.
Read MoreHow to Play Renewables through Commodities
There is a direct link between renewables and commodities that can be taken advantage of in the markets, writes Alphinity’s Elfreda Jonker.
Read MoreDifferent Payout Strategies for Breville, Ansell
While appliance manufacturer Breville has raised eyebrows by cutting its first-half dividend by a third, protective equipment maker Ansell has chosen to raise its interim by 50%.
Read MoreRecord Half for Adairs Despite JobKeeper Repayment
Linen seller Adairs will repay $6.1 million worth of JobKeeper subsidies claimed from the federal government in 2020 after confirming earlier guidance for a record half-year result for the company.
Read MoreEvening Report: Market closes at 11-month high
The Australian sharemarket improved for a second day, with the ASX 200 closing at a fresh record high. Zip Co hit a record high, BHP declared its biggest dividend ever thanks to a lift in profits while Redbubble slumped despite a return to profitability.
Read MoreLunch Report: ASX is adding to Monday’s gains
The local sharemarket is trading higher to add to Monday’s gains. The ASX 200 is adding close to 0.5% around midday with plenty of companies reporting profit results.
Read MoreThe Overnight Report: Rollout Rally
| World Overnight | |||
| SPI Overnight (Mar) | 6827.00 | + 22.00 | 0.32% |
| S&P ASX 200 | 6868.90 | + 62.20 | 0.91% |
| S&P500 | 3934.83 | + 18.45 | 0.47% |
| Nasdaq Comp | 14095.47 | + 69.70 | 0.50% |
| DJIA | 31458.40 | + 27.70 | 0.09% |
| S&P500 VIX | 19.97 | – 1.28 | – 6.02% |
| US 10-year yield | 1.20 | + 0.04 | 3.63% |
| USD Index | 90.35 | – 0.13 | – 0.14% |
| FTSE100 | 6756.11 | + 166.32 | 2.52% |
| DAX30 | 14109.48 | + 59.59 | 0.42% |
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Australia…One Hour In…ASX up 23 points
ASX200 up 23 points (+0.3%) to 6892. National Aust Bank (+0.4%); Trading update — so much detail but in short, 1Q profit up 47% on low impairments but like for like is a little better than expectations.
Read MoreMorning Report: ASX 200 set for further gains – oil prices in the spotlight
US sharemarkets were closed for a public holiday overnight although in after-hours trade S&P 500 futures ended what would have been the day session with a gain of 0.5%.
Read MoreBHP Interim Profit Up 18%
BHP has announced a solid performance in the six months to December, thanks mostly to higher iron ore and copper prices, the rebound in oil prices and continuing strong cost controls.
Read MoreRising Sun: Nikkei Above 30,000 for First Time in Three Decades
The Japanese stockmarket smashed through the 30,000-point level for the key Nikkei index on Monday after official figures showed the country’s economy grew strongly in the final three months of 2020.
Read MoreBEN Shareholders Like What they See
Bendigo and Adelaide Bank shares jumped 11% on Monday as investors looked favourably on the company’s dividend payout and upbeat outlook.
Read MorePublic Policy Among Many Tailwinds for Infrastructure
Many factors – from a high-growth, low-inflation, low bond yield environment to climate change initiatives, electric vehicle adoption and grid resilience – are lining up as tailwinds for infrastructure portfolios.
Read MoreJB Hi-Fi Flying Sky-High
JB Hi-Fi has nearly doubled its interim dividend after confirming its spectacular first half results yesterday, in turn pushing the share price up more than 3% to $52.44 at the close on Tuesday.
Read MorePolicing the Platforms
Questions about free speech on social media, internet companies’ policies on user expression, and government intervention in the tech industry are becoming impossible for investors to ignore.
Read MoreGPT Hit Hard, Slashes Payout
A “challenging year” for property giant GPT has forced it to make huge writedowns and cut its dividend by more than 25% from the previous period.
Read MoreSeven West Clawing Its Way Back
Kerry Stokes’ Seven West Media’s chances of surviving have taken a turn for the better with a solid improvement in the troubled media company’s financial position in the six months to December.
Read MoreShort-Term Uncertainties Weigh On Mirvac
The timing of residential developments and re-leasing of office space are uncertainties confronting Mirvac Group. Is this why guidance was underwhelming?
Read MoreMore Babies Brightens Baby Bunting Outlook
Baby Bunting has navigated the issues of 2020 well and several factors are expected to underpin a robust outlook over the next few years.
Read MoreEvening Report: ASX recoups last week’s losses on Monday
The local sharemarket has kicked-off the new week with a solid improvement. The ASX 200 rose 62pts or 0.91% to 6,869. There were a number of companies hitting fresh all-time highs & profit results were generally well received by investors.
Read MoreSwings and Roundabouts for Incitec Pivot
Good news and bad in a trading update from Incitec Pivot (IPL) yesterday that warned investors about problems at its American factories but also hinted as continuing good ties in rural Australia in the wake of the breaking of the drought.
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