Tag: reporting season

Trump’s Liberation Day and Challenger Limited

Trump’s announcement of tariffs yesterday sent shockwaves through global markets. Craig shepherd does a deep dive on the Tariffs and explains how we remain confident that investing in companies, especially in Australia, which is less affected, retains its critical feature: adaptability.

Plus read about Challenger a company that operates two core investment businesses: an APRA-regulated Life Insurance division and a fiduciary Funds Management division.

Federal Budget Review and Healius results 

Markets remain more volatile than they were at the beginning of the year, but the volatility is continuing to decrease. Now, it is mainly dependent on the musings of Trump and his inconsistent economic policies. Underneath the noise, however, the rotation between sectors sees the market moving away from expensive momentum and uncertain future growth.
This week we focus on some stock-specific, long-term economic and overall ASX market impacts from the federal budget.
Plus, read details from the results for Healius, which also staged a comprehensive Strategy Outlook Day for analysts and investors this week.

Market stability returns and results from Woolworths and Nanosonics

The highlight of the week was the return of stability in equity markets. The US market was up 2.6% since the previous Thursday. In Australia, we saw a 1.9% move over the same period.
This week in Investment Matters, we detail the results for Woolworths and Nanosonics. We also provide some background on an exciting transaction in a long-held position in TZ Limited.

Trump’s tariffs & reporting season – Life360, Innovate Access Group

During the past week, Trump tariff uncertainty and mixed economic data created further angst in global markets. Circumstances in which uncertainty increases are almost always associated with lower equity prices.

US markets, including the S&P500 (down 7%) and Nasdaq (down 8%) have borne the brunt of the impact over the past fortnight.

This week, we will highlight the results for Judo Bank and Life 360 plus provide some background to the write-down of our investment in Innovate Access Group.

Reporting season: Steadfast, Cleanaway and Emeco

Reporting season concluded last Friday amid relatively soft conditions in the market. Uncertainty regarding Trump and tariffs and a gradual unwind in the momentum we have seen in pockets of global equities has put pressure on the ASX.
This week, we saw improvements in Australian GDP growth rates, as reported by the ABS. When combined with slightly higher house prices, employment strength and stable credit growth, there remains significant uncertainty regarding the scope and timing of future RBA interest rate cuts through 2025. The economy may not need cuts despite the pain inflicted on mortgaged households.
This week’s Investment Matters, we will highlight the results for Worley, Cleanaway, Emeco, and Steadfast.

Reporting season final week – QBE Insurance, Inghams Group and nib Insurance

The semi-annual company profit reporting period concluded today. Overall, this was a very successful reporting season for our portfolio holdings in aggregate. The market’s renewed focus on value, returning to earnings growth and cash flows as the principal drivers of the company’s success was welcomed.  

This week’s Investment Matters discussion will concentrate on three significant holdings: QBE Insurance, Inghams Group and nib Insurance. After the reporting season, we will provide more details on the remaining core equities’ positions.