CGF jumped 8.4% yesterday on good results, clawing back some of the losses in the Long Term Income Portfolio. Profit up 16% and funds under management up 18%, beating expectations. Return on equity (ROE) up an impressive 15%. Interim dividend of 13c, fully franked (up 8%). Higher than expectations but still only yielding 3.6% (5.2%…
No birthday present for Gina
ZIP so close to my target.
AD8 valuation.
DRO pulls back, is it cheap?
CAR – ‘Good to solid’.
Stocks in the US remained relatively steady, with all three major indices holding near record highs ahead of the upcoming US CPI release. The NASDAQ briefly surpassed its previous closing high from Nov-21 before slipping 0.30%, while the Dow saw modest gains, up 126 points (+0.33%), and the S&P 500 closed marginally lower but stayed…
Stocks in the US remained relatively steady holding near highs.
SPI up 20 Points.
CSL and MQG Results in focus.
SUMMARY ASX200 hovering above resistance level. JBH and CAR hit 52-week highs after positive results yesterday. MQG operational briefing out this morning. Holding uptrend. BHP quiet. No change. WDS clinging onto uptrend. IZZ OK. CSL (and Health Care Sector) print daily and weekly sell signals after yesterday’s big fall. OBSERVATIONS ASX200 hovering above resistance level.…
Market behaving – still fully invested at these highs. US CPI number tomorrow night. MQG operational update – typically conservative.
CAR write-up – up 1.7% on results yesterday. A 1% beat.
JBH write-up – up 7.1% on results yesterday. A 5% beat.
ANZ update ruffles no feathers. Up 1.3% yesterday.
Main results today – CSL, JHX, SEK, CGF, BRG
ASX 200 slipped 11 points to close at 7606 (-0.2%) as results dominated. CSL and MQG were a little disappointing but off lows, JHX dropped 8.5% on a slightly bearish update for Q3, and SEK also suffered a sell-off as results missed expectations down 4.6%. Banks once again the rock steady beat with the Big…
JB HIFI posted solid results yesterday with the share price rising 7.1%. Sales came in line with expectations. Profit was a beat thanks to margins holding up well for JB while increasing for The Good Guys (TGG). Levels are now higher than pre-covid and forecast to remain high into the future. While costs did rise…
