Profit Reporting Season – Ventia, Johns Lyng, Earlypay and Nanosonics
Read key company results as the reporting season winds down. On balance, market strategists have noted that earnings revisions have been neutral across the board, which is a better than historic outcomes of net negative earnings revisions by optimistic investment banking equity analysts.
Profit Reporting Season – Week 2
This week’s Investment Matters will concentrate key company results as the reporting season ramps up.
Profit Reporting Season Update
This week’s Investment Matters will concentrate key company results as the reporting season ramps up.
Early profit reporting season and news update
In last week’s Investment Matters we concentrated on the confession season, the period in which companies make early announcements to the market surrounding material changes to upcoming earnings.
This week’s Investment Matters will also concentrate on news flow and early reporting season results.
Confessions of a corporate earnings season
Most ASX-listed companies in Australia have a June fiscal/financial year-end. Accordingly, those with June and December balance days will tend to present their (half-year/annual) financial results to the market in each of the months of February and August.
Judo Capital – back to the future of banking
As a raft of stocks in the portfolio have been taken over or have successfully met our internal price targets, we’ve been on the hunt for new names to replace.
Perpetual – finding a way to unlock value
In the past year, we have often commented that we’ll exhibit due patience as part of our investment approach. This is required as we often seek to invest in businesses that are significantly unloved and misunderstood and where assets may, therefore be mispriced.
Premier Investments – A deep dive into a new opportunity
In recent weeks, clients will have seen the addition of Premier Investments to their Australian equity sub-portfolios. Famously partly owned and operated (whether formally or informally) by Solomon Lew, Premier Investments is amongst the most successful discretionary retailers in Australian history.
Steadfast in its approach
© 2024 First Samuel Limited The Markets This week: ASX v Wall Street FYTD: ASX v Wall Street Steadfast Group Limited is an Australian insurance broking network that provides insurance broking services to businesses and individuals across Australia and New Zealand. The company was founded in 1991 and has become one of Australia’s largest insurance […]
Growing – in two very different ways
In recent weeks, we heard the mildly alarming statistics that the ASX had fallen to a low in October 2023 of 6703.2, lower than the levels seen in the broad market index at the close of October in 2007 (6770).
Falling share prices – An opportunity (not) to be wasted
This week we highlight a new addition to the portfolio.
Inghams: laying golden eggs
Inghams is the dominant supplier of chicken products in Australia. It is also amongst the largest positions in client portfolios. In the past week, it delivered an update on progress within the business across the first half of the fiscal year.
Lynas gets a rare (earth) licence reprieve in Malaysia
This week, we discuss developments in the critical minerals sector and take a look at Woolworths Q1 trading update and what it may reflect with respect to the Australian consumer.
When should we be worried about worrying? Consumer confidence.
This week we look at Consumer Confidence and Consumer Sentiment and hope to relate it to longer-term historical trends and current portfolio construction.
RBA Speaks – more nuance, slightly less ideology?
On Wednesday, RBA Assistant Governor Christopher Kent gave a speech to a Bloomberg gathering with a title that would surely only excite economists: “Channels of Transmission.”
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.