Henry’s Take – The Lithium Bulls are Back!
PCE rises – No surprises – No hurry either.
The Hare is running in Lithium.
Added DRO yesterday. Took some profits in PMT up 39%
WTC Results Recap
Wisetech (WTC) results: Impressive results from WTC saw the stock 11% higher on the day and now up 19% since. Earnings of $500m driven by CargoWise earnings of $420m up 40%. The high growth was attributed to recent Mergers and Acquisitions and new Large Global Freight Forwarder rollouts. Margins of 46% have beaten guidance. Free…
Trading Section
SUMMARY ASX200 within a point of its all time high. Staying in cash in the MQG One Stock Portfolio while upside gain remains limited. Staying in cash in the BHP One Stock Portfolio. LLC and BOE off to a good start. Up 4.1% and 2.2% yesterday. PLS overbought on a daily basis. You need to…
WOW Results Recap
Woolworths (WOW) results: Fell 6% on the day and has since fallen into a bit of a sentiment hole. Down 8% since. Solid results from Australian food and B2B (the online segment which delivers food to businesses) was offset by a poor performance from Big W and the NZ segment. “Challenging conditions” were stated after…
PDN Results Recap
Paladin (PDN) Results – No revenue or dividends yet as expected. Profit of $61m mostly from the reversal of an old impairment charge offsetting costs of getting the mine up and running again. 45% of a stockpile at the mine was impaired back in 2016 due to low prices. Thanks to the recent rise in…
SIQ Results Recap
Smartgroup Results (SIQ) – We hold it in the Income Portfolio. The company is up 14% since results. They do salary packaging, novated leasing, fleet management, payroll administration and other HR services. Revenue of $251.6m, up 12% YonY, operating EBITDA of $100.3m (+7%), and NPATA of $63.2m (+3%). Notable highlights include a rise in novated…
Pre-market Podcast
Nasdaq jumped 0.9% to close at an all-time high.
S&P 500 hit a record close, rising 0.52%.
The Dow Jones up 0.12%.
SPI up 20
WBC Results Recap
Reporting season winner for the big banks was Westpac (WBC). Up over 7% since reporting as margins fell less than expected. Banks doing rather nicely at the moment. WBC is well overbought on a daily chart. Broker research out this morning is positive which the results described as “sound” and “solid”. The company beat estimates…
MMS Results Recap
McMillan Shakespeare (MMS) held in the Income Portfolio is up 25% since results last week. It is now well overbought – having a habit of spiking on results and then peaking. 1HFY24 reports novated lease sales up 25.7%, sales up 42.9% to $87m. Profit of $37m up 5.8%. Interim fully franked dividend of 76c, up…