DTL results yesterday saw the stock hammered over 11%. Similar to PME it had run hard to results and they needed to be fantastic to hold up the share price. Sales up 13% vs last year and up 38% from two years ago. EPS up 25%. Interim dividend (fully franked) up 26%. Yielding 3%. Interest…
CSL results on Tuesday were OK but not great. Earnings came in line with expectations while profit beat thanks to cost reductions. The company kept guidance unchanged but currency forecasts now see the USD ending the year higher than the companies forecasts. Resulting in an ~85m headwind. Out of the three major segments, Behring, Seqirus and Vifor…
CBA POST RESULTS (HELD IN GROWTH AND INCOME PORTFOLIOS) Lots of commentary on the CBA after yesterday’s result. The number was pretty much in line with expectations, described as “solid and clean” by Macquarie but margins were down 6bp with “further margin headwinds”. The bias is towards downgrades rather than upgrades and the result this…
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%…
Macquarie’s Operational update doesn’t have the best headlines but its OK
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…
WOR resumed trading yesterday after a two-day halt. The company is down over 3% today having been down 5% at one point…
16th Biggest stock in the market. $43bn market cap. A REIT with a great story, excellent growth prospects and solid numbers. An industry with high barriers to entry that has seen reduced competition. Adding to the MT Growth Portfolio. GMG reported on November 6 – the results were well received. Highlights include: $12.7bn of projects…
Worley is a high-potential play on the coming energy transition, as it shifts from conventional energy to decarbonisation we’re taking a look. The numbers are good, the story is good and management is steering the company in t
