Telstra held its AGM today and confirmed guidance. The share price was up a touch first thing. For big companies like this AGMs rarely contain much in the way of new news – they are more a marketing exercise for shareholders and employees rather than a business event. Outlook slide: Last year's results. As you…
RIO's AGM was well received. The stock is up 2.4% first thing, double BHP's move today. The main focus is the iron ore production guidance which was unchanged. So steady as she goes. On a PE of 9.3x and a yield of 9.5% it looks extremely cheap, but as any Australian fund manager will tell…
DMP is enjoying a purple patch, up 10% in the past five days. Citi upgraded the company on Wednesday to Buy, noting that an inflection point has been reached and improvement in key financial metrics are expected.
BOQ released full year results on Wednesday and was received poorly by the market to say the least. Down 7% (a lot for a bank) on the news, followed by an interesting bounce back yesterday, up 4%.
CSL fell 6.3% today continuing its nasty downtrend, as the GLP-1 (obesity drugs) juggernaut continues to smash through the healthcare sector. It has already destroyed ResMed (RMD) and yesterday their five year study into the GLP-1 efficacy in treating chronic kidney disease and Type 2 diabetes was halted early because the results were so good. It is…
CBA had its AGM yesterday – the share price dropped 0.31% (hardly changed), with one broker saying there was "No new news". A fairly quiet affair. Just a lot of motherhood comments about assisting the cost of living pressures, holding a strong balance sheet, and remaining well placed heading into a lower growth environment. There…
Full year results were in line with expectations if not 2% or 3% better than some forecasts. The food division did better-than-expected with increased margins (up 76bp). Described as solid growth. Some brokers upped their target price ($38.50 to $41.30) most simply left among changed. Some brokers upgraded earnings (3%), others downgraded (2%). They didn’t…
BHP’s full year results confirmed that BHP is a long-duration trading stock, not a quality, reliable, and especially not a "hold forever" income stock as some people imagine. Despite the brand name there is nothing the company can do when iron ore prices fall 18% in six months, copper prices fall 12% and coal prices…
PE HISTORY The orange line is the share price – the blue line is the Forward PE history. The horizontal blue line is the average PE over the chart period. THE CHART There is a daily short-term buy signal on the chart. DIVIDENDS Going Ex-dividend on August 30. BROKER STUFF
