WBC Broker stuff after results yesterday – still got a few more to come in.

We have caught the knife buying RMD for a trade after a 25% collapse in the share price, which, as you can see below, has broken a long-term uptrend. That sell-off came after recent results (August7 2023) which missed sales forecast by 2% and saw margins down 2.1% to 55.8%. Margins were the issue, although they were only 0.3% below expectations. Brokers adjusted numbers downwards after the results to account for narrower margins and higher costs (inflation). Risks include Philips getting back into the market and suggestions that weight loss drugs could take off which would reduce the need for…

CSL – Finally bottoming after the recent sell-off – derisked post results.

On my Australian arrival in 1994 one of the most noticeable differences between the share market in London and the share market in Australia was the Food Retail sector. And it hasn’t changed. In London you are spoilt for choice. At any one time within a five mile radius in central London you could find…

APE is a $3.66 billion company. In the pandemic, it dropped from over $14 to below three dollars. In the last year, it is up from $9 to $14, with its results in February sparking a rally from $11 to $14.50. The automotive industry has been through a confusing couple of years thanks to COVID, which included a boom in secondhand car prices, a disruption in the supply network (no cars to sell), a ramp-up in costs. M ost of these factors are now improving helped by unrelenting orders for new cars (now being delivered) and particularly EVs thanks to…

JB Hi-Fi (JBH) was established in 1974 by Mr. John Barbuto (JB), trading from a single store in East Keilor, Victoria. He had one simple philosophy: to deliver a specialist range of Hi-Fi and recorded music at Australia’s lowest prices. It is now a $4.9 billion listed company with $9.2 billion worth of turnover and is one of Australasia’s fastest-growing and largest retailer of home entertainment.

THE NBN HISTORY Ten years ago Telstra was the best income stock in the Australian stock market. Then the government decided to roll out the NBN, which required Telstra to structurally separate its wholesale and retail businesses. That involved separating its network infrastructure and wholesale services from its retail operations. The idea was to promote…

Bit Frothy for a dull stock. Long-term solid, but you'd buy on weakness, and if you miss it, it doesn't matter. There are other more exciting stocks for anyone wanting to make money. DIVIDEND FORECASTS BROKER COMMENTS DESCRIPTION NIB Holdings (NIB) has been around since 1952. Twenty years ago, they were a regionally based private…

Had a request for Santos and here it is. Couldn't get excited I'm afraid – you'll see why.  Brokers seem to like it, and I'm sure a lot of SA investors hold it, but regional loyalty aside, it's a bit of a yawn. Quality, but little in the way of growth or income. Unless there's…