Worley (WOR) Results – Held in the Growth Portfolio. Initially fell over 3% on results last Wednesday. Then recovered with a bumper Thursday and Friday gaining 8% after brokers wrote some positive reviews. Earnings up 28%, margins slightly higher at 6.1%, sustainability related work rises to 51% of total revenue (a +61% change). Underlying profit…
Perpetual (PPT) had results last Wednesday – Held in the Income Portfolio. Net profit up 29%, underlying profit up 46% (not including the Pendal integration costs). Two of its three segments recorded profit growth. Funds under management up 165% thanks to the successful Pendal integration. Its $40m synergy target exceeded. The corporate trust segment saw…
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…
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…
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…
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.
Happy Easter (Results are Over) To paraphrase the late John Lennon, It has been a long month. Results season always is, and the numbers drop thick and fast. Analysts are ignored by quant funds, hedge funds and proprietary traders as the algo focus on keywords and shoot first and analyse later. We have some extreme…
