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Qantas Airways (QAN) upgraded profits to between $1.35bn and $1.45bn in a market update yesterday. The upgrade is a $150m increase from previous forecasts for the first half of 2023. The company has had a strong rebound from its COVID lows, with increased profit and revenue guidance for the first half of 2023 as travel demand continues…
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Aristocrat Leisure (ALL) is a high-conviction stock for many investors. The group reported FY22 results this morning with strong revenue and profit growth that was a slight miss on estimates. The share price is down 5.5% this morning, as management failed to provide meaningful guidance with any figures and gave us the typical “expects to deliver profit…
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Elders (ELD) plummeted on the release of results on November 14 (Monday). Down 22.9% on the day of the release. Henry bought it as a trade feeling the sell-off was overdone in the short term. Some bullet points: Announced the retirement of their long-time CEO next year, who has been a mainstay for the company…
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Xero fell 10.9% on the back of its interim results. It is a $9.72bn company. It is the 50th biggest ASX listed company. Key Points Half year net loss of NZ$16.1m. No dividend. None was expected. CEO retires after five years, new CEO appointed. Operating revenue increased 30%. EBITDA increased 11%.…
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NAB has released its 2022 full-year results, cash earnings up 8.3%, underlying profit up 11.5%. NAB Full-year results Cash earnings rose 8.3% Underlying net profit rose 11.5% Net Interest Margin (NIM) decreased by 6 basis points to 1.65% (better than Westpac) Expenses increased 5.8% Final dividend of 78c per share.…
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Macquarie Group (ASX: MQG) reported first-half net profit of $2.305bn, ahead of consensus of $2.16bn. The group announced an interim dividend of $3.00/share, with 40% franking. Profits were up 13% on last year but down 13% on the second half of FY22. Assets under management increased 3% to $795.6bn over the first half of the year.…
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PointsBet Holdings (PBH) released its first-quarter activities report this morning, with a turnover of $1.16bn vs year-ago $979.9m. The company had a great quarter of growth in the US compared to the previous year. Turnover was 50% higher vs the previous comparable period, although was down 24% on the previous quarter. The group’s biggest cost…
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Rio Tinto (RIO) has reported its third-quarter production numbers, with Pilbara iron ore shipments of 82.9Mt, coming in below consensus of 83.2Mt, and 1% lower than last year. RIO lowered its full-year production guidance to the bottom end of the prior 320-335MT range, while cost guidance remained unchanged. RIO has warned of further downside risks to…
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Computershare (CPU) is a business that offers corporate trust, stock transfer and employee share plan services in a number of different countries. Most of its earnings come from operations outside Australia with the US its biggest contributor. Aside from fees for its services, CPU generates a large portion of its earnings from interest on client-owned…
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