SOL Stock Take: Coal, Reit and Telecom Exposure

Washington H. Soul Pattinson (SOL) released results last Thursday, initially met with a neutral response before falling 2% on Monday then another 2% Tuesday. SOL is investment manager which specialises in taking large stakes in existing companies similar to the WES business model. This differs to listed fund managers (like MFG or NWL) which derive…

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Webjet – Flies 9% On Strategy Day

Webjet (WEB) held its Strategy Day investor presentation yesterday. Well received by the market, the share price spiked 9.2% after rising 14% already this month in the buildup. The key takeaway behind the spike was the company’s $10bn “organic” transaction value plan (TTV) by FY30. Highlights: WebBeds bookings up 32% on last year. TTV up…

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CTD Stock Take

Following a member request and it printing a daily buy signal on Monday we are taking a look at Corporate Travel Management (CTD). The company reported two weeks ago and got whacked 20%. Earnings rose by 96%, profit rose by 162% and the dividend rose by 183% to 17c (unfranked). Solid numbers driven by client/market…

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COL Results Recap

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…

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WOR Results Recap

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…

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NXT Results Recap

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%.…

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PPT Results Recap

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…

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