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Australia… One Hour In… ASX200 down 50

ASX200 down 50 points (0.7%) to 7532. Sims Ltd (-3.6%); FY profit $229m vs $265m loss last year. Div 30c vs 6c yoy.    Higher sales, increased metal prices and cost cutting.

ASX200 down 50 points (0.7%) to 7532.

 

  • ARB Corp (+0.9%); FY profit $112m, up 97%.
  • BHP (-1.4%); I thought they were reporting today.  Might be post market…or tomorrow.
  • Breville (-6.7%);  FY profit +42% yoy. Div 13.5c -34% yoy.   Plans significant rebuild in Working Capital.
  • Commonwealth Bank (-2.5%); ex div 200c.  Trading 253c.
  • Charter Hall (-1.8%);  FY profit $291m, revenue -7%.   Won’t provide guidance.
  • Domain (-0.2%); FY profit $34.3m vs $227m loss last year. Restored its dividend @ 4c.   Co is confident of market resilience despite lockdowns.
  • Dexus (-1%);   FY profit $1.14bn vs $972m yoy.  +17%,
  • IAG (-2.9%); ex div 13c.  Trading down 16c.
  • Magellan (-5.6%);
  • Money Me (+6.5%); signed a deal with Platform Finance to bring its Autopay car finance solution to brokers.
  • Santos (-1.8%); 1H profit US$354m vs US$289m loss yoy helped by a recovery in energy prices.  The merger with Oil Search is ongoing.
  • Shopping Centres (+0.4%); FY profit $463m vs $85m yoy on higher valuations of its malls and the retail recovery from the virus.  No guidance.
  • Senex (+0.3%); to proceed with $40m Atlas Expansion Projuect.
  • Sims Ltd (-3.6%); FY profit $229m vs $265m loss last year. Div 30c vs 6c yoy.    Higher sales, increased metal prices and cost cutting.
  • SG Fleet (-1.7%); FY profit +20%.
  • Westpac (-1.4%); flags weaker margins and higher costs in the next H.

 

 

……and KISS legend Gene Simmons has pleaded with people to get vaccinated – or you may not be allowed in to their concerts.    There it is everyone, the ultimate incentive to get the jab.

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