Challenger Results Impress
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%…
End of Day Report
ASX 200 fell 56 points bouncing off 7500 to close at 7538 (-0.7%). Results and broker talk dominated again with a negative lead from Wall Street colouring the landscape. Banks under pressure following CBA results showing NIM remains under pressure CBA fell 1.7% well off lows. The Big Bank Basket down 1.6% with CBA in…
END Of DAY Podcast
ASX 200 fell 56 points bouncing off 7500 to close at 7538 (0.7%).
Results and broker talk dominated
Good bounce off 7500
Marcus Take Tuesday – Results season ramping up
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
Macquarie Operational Update
Macquarie’s Operational update doesn’t have the best headlines but its OK
Jb Hi-Fi H1 Results
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…
End of Day Report – Macquarie fell on profit warning
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…