Resmed (RMD) results – Is trading up 11% afterhours in the US and up 6.7% on the ASX as results beat consensus expectations by 9%. Brokers said at the start of the week that focus for the results will be on sales growth, margins and commentary on the impact weight loss drugs have been having…
Spark New Zealand (SPK) – We are taking a look at the telco SPK today, a NZ version of TPG or Telstra. We hold it in the Income Portfolio and it has had a torrid year, down 13% since early February. That's a significant drop for a defensive income stock yielding 6%. Most of the…
Whitehaven Coal (WHC) – has been in the news recently after completing the acquisition of two major BHP coal mines in QLD and jumping 24% in less than a month. The share price saw a 30% fall from late 2022 to mid 2023 after the post covid spike in coal prices normalised and since bottoming has…
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…
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…
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…
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…
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…
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%.…
