Australia…One Hour In…ASX up 54 points

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 54 points (0.8%) to 6717

Don’t forget Reserve Bank Interest Rate decision at 2.30pm.      Anyone expecting a change?

 

  • Centuria (+1.3%); 1H profit triples to $99.6m.   Lifts guidance.
  • Credit Corp (+11%); 1H profit +10% on pcp.
  • QBE (+1.6%); names Sue Houghton as CEO of Aust & Pacific.   She is currently MD of Insurance at Westpac.
  • Silver;  ARD – Argent Minerals -13%   BML- Boab Metals -8%   EQE- Equus Mining -20%   IVR – Investigator Resources -19%   MTH –  Mithril Resources -14%   SVL – Silver Mines -19%   TMZ – Thomson Resources -22%
  • Temple & Webster (-5%);  1H revenue more than doubles vs last year.   Analyst presentation going on as I write so I am not sure why they are down so much…..
  • Vulcan Energy (TH); announce a capital raising.

 

Early odds for the next Australian Federal Election;

  • Coalition    $1.50
  • Labor         $2.50

Will there be an election in 2021?;

  • Yes   $1.45
  • No   $2.65

Will Anthony Albanese be Labor leader at that election;

  • Yes   $1.65
  • No   $2.20

Bet responsibly…….will Coppo write about the Libs everyday in the Coppo Report?  Yes $1.01 !

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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