Australia… One Hour In… ASX200 up 13

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 13 points (0.2%) to 7474.


  • Audinate (+2%);  FY loss $3.4m, up 17% yoy. FY EBITDA $3m, +50%.  No buy back as it has made a NZ$2BN takeover bid for Z Energy.
  • Charter Hall (+3.75);  FY profit $476m, up 38% yoy.   FY revenue +21%.  Expects 6% growth on FY22.
  • Cimic (+1.4%); Ventia wins defence force engineering support contract.
  • G8 Education (-4.2%); 1H profit more than doubles to $25.1m.  No div but intends to pay one in 2022.
  • IGO (+3.4%); first lithium hydroxide successfully produced at its Kwinana plant.
  • Kogan (+1%); more press speculation about a potential takeover.
  • Latitude Group (-1.7%); 1H profit $89.5m vs $21m loss yoy.   Lockdown is slowing activity but expects a quick recovery.
  • Magellan (-2.6%); ex div 114.1c.  Trading down 118c.
  • McGrath (+6.6%); FY profit $19m vs $0.7m yoy.    FY22 trading in line with expectations.  Property market resilient.
  • NIB Holdings (-9.9%); FY profit +83% to $161m vs $88m yoy.  Div 14c vs 4c yoy.
  • Openpay (+9%);  signs computer hardware company, HP as new enterprise partner for OpyPro, Openpay’s B2B platform for trade accounts.
  • Oz Minerals (+2.8%); ex div 16c.  Trading up 59c.
  • Pushpay (-9%); to buy Resi Media – an end to end live streaming provider – for US$150m.
  • Qantas (+1.2%); giving frequent flyer members points or cash if they get vaccinated.   Worth about $20.
  • Reliance Worldwide (-1.5%); FY profit more than doubles to $188.2m. Sales growth in FY22 positive so far.
  • Sonic Healthcare (-3.7%); FY profit more than doubled to $1.32bn vs $527m yoy.  Covid has been good for business.
  • Sims (+5.2%); FY profit $229m vs $265m loss yoy on higher sales, metal prices and cost cutting. Announced a $150m buy back.
  • Spark Infrastructure (+2.2%); will recommend a takeover offer by a consortium of KKR, the Ontario Teachers’ Pension Plan Board and the PSPIB.
  • Super Retail (-7.3%);  ex div 55c.  Trading down 94c.
  • Telix (-0.3%); signed an agreement with UK co Lightpoint Medical, a co developing cancer detection tools for minimal invasive and robot-assisted surgery.
  • Worley (+0.5%); awarded contract on Chevron’s Australia Barrow Island Project.

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.

View more articles by Scott Phillips →