Wry & Dry #17. SMSF demonisation. COP-27 is in Asia. Peak crazy avoided.

Over the years, there have been many federal ministers who had no idea about their portfolio. Whether Liberal (Scott Morrison, Prime Minister), Labor (Jim Cairns, Treasurer) or National (Barnaby Joyce, any portfolio), the list is long.

But in these modern times, Readers would expect deeper talent, especially in matters fiscal. Err, no.

Ruling off FY-22

The last week of company profit reports proved to be as busy as the week that preceded it.

We detail results from PointsBet, Aurelia Metals, Costa Group and Perpetual amongst others.

Raining Results

With Profit Reporting season ramping up, we switch our focus to reports from clients’ companies.

Becoming expensive (to stay expensive)

A reserved Matt Comyn fronted the market on Tuesday as CBA released its profit result for FY-22. The numbers presented shed some more light on the challenges that lie ahead for the banking sector.

Sell first (ask questions later…)

Billion-dollar companies have disappointed the market. We question whether in the midst of uncertainty, investors’ timeframes are being truncated.

Confirmation, confession and celebration

In May there’s a window where this year’s profit numbers are almost tallied. CFOs and CEOs alike look nervously up at the scoreboard asking: are we about to meet market expectations? 

De-equitisation

While the headlines are vocal about shortages across industries they have been silent about the reducing pool of investible, large companies in the Australian market.