Demand Boosts Profit At Ramsay Health
Australia’s largest private hospital operator Ramsay Health Care (RHC) posted a slightly better than expected $171.6m half year underlying profit.
Read MoreAustralia’s largest private hospital operator Ramsay Health Care (RHC) posted a slightly better than expected $171.6m half year underlying profit.
Read MoreTelecommunications company M2 Group Limited has reported a near 26% increase in first half profit to $30.94million and flagged it will deliver record revenue of around $1 billion for the year.
Read MoreInternet service provider iiNET (IIN) has announced that net profit after tax for the six months ended December 31, 2013 fell by nine per cent to $29 million.
Read MoreFairfax Media (FXJ) shares hit a 2year high today.After the company posted a 50% slide in profit ($193.8 million) but beat the street with improved earnings and a higher dividend. The company reduced its Net debt by $234.1 million.
Read MoreAustralia’s largest integrated energy company, Origin Energy (ORG) issued a slightly worse than expected half year underlying profit of $381m.
Read MoreConstruction firm Leighton Holdings (LEI) posted a stronger than expected full year profit today.Net profit for 2013 increased by 13% to $509 million and underlying profit beat market expectations rising 30% to $584 million.
Read MoreBrambles (BXB) 1H14 result: Inline no recall needed. Interim dividend $0.135. Guidance unchanged. US$930 to 965 Million.
Read MoreTransport firm Toll Holdings (TOL) reported a 1.4% lift in net profit for the first half of 2014. TOL’s profit and earnings were slightly below market expectations.
Read MoreQueensland based financial services company, Suncorp Group (SUN) reported a worse than expected 4.5% drop in half year profit to $548m.
Read MoreMedical diagnostics company, Sonic Healthcare (SHL) reported strong double digit earning and profit growth in the first half of the 2014. Sonic’s net profit grew by 17.7% to $177.3 million.
Read MoreMining and materials group Arrium has reported a strong rise in underlying profit of 294% to $201 Million reflecting the recent transformation.
Read MoreGlobal packaging giant Amcor Limited (AMC) has delivered a 21.2% increase in 1H profit to $326.6 million. Shareholders will receive an unfranked interim dividend of 19.5 cents per share.
Read MoreBeverage and packaged food company, Coca-Cola Amatil Limited (CCL) issued a worse than expected full year underlying profit of $502.8m.
Read MoreMining giant BHP Billiton Limited (BHP) reported an of US$7.76 billion up 31% The result beast boosted by record production from iron ore and lower tax payments.
Read MoreAustralia’s largest listed freight rail and haulage company Aurizon holdings (AZJ) reported its half year 2014 results today.Aurizon, formally known at QR National, reported a 39% slide in Net Profit of $107 million.
Read MoreAustralia’s fifth biggest bank, Bendigo and Adelaide Bank (BEN) issued a slightly worse than expected half year profit of $180.7m. Subdued demand and a jump in customers paying down debt held back the result.
Read MoreEngineering and property services group UGL Limited (UGL) has reported a 13.5% lift in first half net profit to $29.5 million, and confirmed it may sell its DTZ property business as it tries to rein costs.
Read MoreTransurban Group (TCL) reported an interim net profit of $80.9 million in the six months to the end of December 2013. This was essentially flat compared to profit posted the same time last year.
Read MoreSims Metal Management Limited (SGM) reported its first half results today. Underlying EBITDA of $129m up by 38% and Australasia EBITDA increased by over $30m due to stronger sales volumes. Net debt also reduced further to $121m.
Read MoreDJS reported it’s second quarter sales figures today. The group reported Total Sales Revenue of $618.1 million which is up by 4.7% from 2Q13. Online sales grew by 150% in the quarter and Like-for-Like (LFL) Sales also up 2.1%.
Read MoreBlood and plasma products and vaccines maker CSL (CSL) reported its half year numbers today. The CSL Group reported a 3.7% rise in sales with total revenue (includes royalties) increasing by 4.8% to US$2.574 billion.
Read MoreCopper and gold miner Oz Minerals has posted a net loss of almost $300 million compared to a $152 profit previously. OZL announced a final dividend of 10 cents per share and that the board has commenced a search for a new CEO.
Read MoreThe world’s largest hearing implant maker Cochlear Limited (COH) has posted a 73% fall in first half profit and has also lowered its full year guidance, sending its share price tumbling during Tuesday’s trade.
Read MoreMinus a lead from Wall St overnight the local market closed softer Friday with the S&P/ASX200 index off 14.3 points, or 0.27%, at 5,320.0, while the broader All Ords index was down 12.3 points, or 0.23%, to 5,314.3.
Read MoreGroundhog day with more records overnight on Wall St, the local market unable to hold onto the highs of the session, more economic data surprising to the upside and more developments in the Victorian cheese war.
Read MoreAfter a fairly meek lead out of Wall St the local market has closed softer today with the benchmark ASX200 index down 25.7 points, or 0.48%, at 5,324.9. The wider All Ords index was down 24.1 points, or 0.45%, at 5,332.9.
Read MoreAfter the Dow closed above 16,000 for the third day straight the local market followed suit today closing slightly higher, helped by gains by the big four banks.
Read MoreOn average volume the S&P/ASX200 index closed 15.8 points, or 0.3%, higher at 5,346.1 today. The broader All Ordinaries index was up 16.9 points, or 0.32%, at 5,352.8.
Read MoreA record close on Wall St fed into the local market today with the S&P/ASX200 index ending up 47.6 points, or 0.9%, higher at 5,335.9. The broader All Ords was up 46.0 points, or 0.87%, at 5,330.3.
Read MoreFour straight days in the red with the S&P/ASX200 off 19.4 points, or 0.37 per cent, finishing lower at 5,288.3. The broader All Ordinaries index was down 20.3 points, or 0.38 per cent, at 5,284.3.
Read MoreNot helped by weak leads from offshore the local market sunk to a five-week low today. By the close the benchmark S&P/ASX200 index was down 45.2 points, or 0.84 per cent, at 5,307.7, while the broader All Ordinaries index was down 43.2 points, or 0.81 per cent, at 5,304.6.
Read MoreAfter mixed leads from Wall St the local market opened softly and held that trend throughout the day. By the close of trade the All Ords had slipped 30 points or 0.6% to close at 5347. The ASX200 also gave up 0.6% to finish at 5352.
Read MoreI was a little premature recommending Kingsgate at $1.80 in May. It plummeted to $1.26 briefly at the end of June as panic set in about the gold price. Nearly every global broker has since downgraded their target for gold to about $1100 or below. Just in time as it happens for the seasonal rally in July that usually occurs. Today we have seen gold get back over $1300 and it would not surprise me if gold rallied towards $1500 this month in a sudden spike. The reason is despite levies on gold buying by Indian nationals, both Chinese and Indian demand for gold spikes about this time of year ahead of the wedding season.
Read MoreI dragged out the soapbox not too long ago to highlight some of the hypocrisy and ignorance surrounding algorithmic trading, and particularly high frequency trading. Today, it’s time to shine the light on dark pools. While we’re at it, it seems a good time to look at the real responsibility politicians hold for economic outcomes.
Read MoreBHP Billiton (BHP)
Read MoreMy first effort at seeking the bottom in BHP had mixed results. I did get a good bounce to just over $34, but the momentum subsided and the stock retreated again. The Boston explosions and premature comments by our government spokesman that it was probably by “terrorists” (why not simply condemn an act of terror?) didn’t help our open yesterday and the BHPKME were stopped out when the stock touched $31.26 momentarily before closing at $32.15.
Read MoreOver the past year many market participants and commentators have railed against “Algorithmic Trading” (AT) and “High Frequency Trading” (HFT). Organisations using these trading methods are accused of at best, taking an unfair advantage, and in some cases, outright illegal behaviour. Unfortunately, most of these comments betray astounding ignorance, breath-taking chutzpah, or both.
Read MoreThis is close to my heart since I’m one of the people affected as I turned 60 last year and all my serious investments are in DIY Super. My time in the sun didn’t last very long, given a government desperate for revenue.
Read MoreFor most of my career, many professional investors have tried to avoid resources because of their high volatility and poor long-term returns.
Read MoreThe casual observer of markets might think stockmarkets should be weakening heavily in the face of the North Korean “crisis” and the headlines appearing in newspapers predicting possible nuclear conflict and war in Korea.
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