Australian Financial Group (AFG) Results – Held in the Income Portfolio. Suffered a nasty 10% drop after reporting last Thursday. Net profit down 34% and net interest margin down by $11.6m due to peak funding costs and competition. Not all bad, the broking segment saw a market share increase to 21% and the outlook for…
ASX fell 12 points at 7724 (-0.2%). Some weakness in a few sectors weighed. Banks eased back with the Big Bank Basket down to $206.08 (-0.8%). CBA leading the loss, off 1.0%. MQG slipped 0.3%, and GQG fell 1.8%, with REITs down a tad. Industrials weaker across the board, looking a little tired after reporting…
Coles Group Results (COL) last Tuesday – Held in the Income Portfolio. Sales up 7%, earnings down 5% and profit down 3.6%. The stock is up 4.3% since reporting, having been as high as +8% yesterday. Dividend unchanged at 36c, fully franked. Financing costs rose 14% due to higher interest rates on lease liabilities and…
Macquarie Technology Group (MAQ) Results – Held in the Growth Portfolio. Rose 9% after reporting after the bell last Thursday and is now +12% since. Highlights include 18 consecutive HY earnings growth. Up 5% in this period attributed to strong growth in cloud and cyber megatrends. Net profit up 74%, beating expectations due primarily to…
Results season is over but there are a host of ex-dividends and Macro signposts this week from Powell, the ECB and the Chinese National People’s Congress
NextDC (NXT) reported last Wednesday. – Held in the Growth Portfolio. Our preferred data centre play jumped 9% on the results after already being up 11% this year. Revenue came in at $209m, up 31%. Positively impacted by higher power prices and related power passthrough. $220m invested to progress capital projects. Underlying earnings up 5%.…
US markets closed strongly higher on Friday night after falling bond yields fuelled a renewed tech rally. The NASDAQ outperformed, up 1.14%. The S&P 500 rose 0.8% and the Dow Jones finished up 91 points (0.23%). Both the NASDAQ and S&P 500 hit fresh record highs. US bond yields had a large fall after US…
Gold in focus today.
HM1 looking interesting as US activist takes 10%.
US Check Ins.
Big week for Central Banks. China too.
Index changes announced.
ASX 200 slid 10 points to 7736 (0.1%) off all-time highs as iron ore and healthcare stocks weighed.
Gold soars. Banks firm.
ASX 200 slid 10 points to 7736 (0.1%) off all-time highs as iron ore and healthcare stocks weighed. BHP off 1.5% and FMG getting whacked down 3.2%. Lithium stocks gave back some early solid gains, prices slipping slightly in China. MIN down 2.1% and PLS up only 0.7% with IGO falling 1.7%. Gold miners were…
