Australia… One Hour In… ASX200 up 33

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 33 points (0.4%)  to 7571.


  • Challenger (+1.7%); reported FY profit $592m vs $416m loss last year.   CEO Richard Howes to step down.    FUM +29%.  Reiterated guidance.
  • Commonwealth Bank (+0.6%); report tomorrow.
  • Computershare (+0.4%); I thought they were reporting today but nothing as yet……
  • IAG (+1.4%); report tomorrow.
  • James Hardie (+4.1%); Cracking result.    1Q profit $121.4m vs $9.4m yoy.   Raised FY guidance.
  • Megaport (+1.6%); FY loss widens to $55m but FY revenue +35%.
  • Mesoblast (+2.8%); CFO Josh Muntner is leaving.
  • Nuix (+3.4%); ASIC is looking at reports for 2018/19/20 and the prospectus. Nuix is confident it is compliant.


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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