We at ShareCafe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. To make it easier to do so, here it is in one handy location. Just click on the headline and you’ll be taken straight to the story.
Tuesday 8 November, 2022
Westpac Committed to Crunching Costs
Westpac has lifted its 2024 cost target to $8.6bn from $8bn after a surge in inflationary cost pressures in the six months to September 30 led to a fairly modest 2021-22 result.
Jilted Gold Fields on the Hunt for Greener Pastures
Will Gold Fields look to Australia to feed its aspirations after two Canadian groups seemingly gazumped the South African company’s all share bid for Yamana Gold?
Healthy Investor Scepticism Returning to Markets
As 2022 nears an end, Platinum’s Clay Smolinski reviews the past 10 months and provides an update on his firm’s thinking and the key themes from their portfolios.
Peabody-Coronado Deal Goes the Way of the Dodo
Coronado and Peabody Energy – each of which owns coal mines in Australia and the US – have ended discussions that would have created a company worth about $US6bn.
Covid Controls Worm into Apple Production Line
Apple underlined the problems afflicting China’s economy on Monday with a warning that Covid controls would see current quarter iPhone production, exports and sales fall.
The Difference Between the Best and the Rest
Selecting the right fund is important and, as Fidelity’s Tom Stevenson explains in his regular column, the difference between the best of them and the rest of them is wide.
Wednesday 9 November, 2022
Magnis Energy Technologies (ASX: MNS) – Viability of the Nachu Graphite Project (video)
Magnis’ update to the BFS demonstrates that the Nachu Graphite Project represents one of the best graphite production opportunities in today’s market.
Magellan Minutes: Is it time to get excited by tech? (video)
In this video, we hear from Magellan’s Ryan Joyce as he provides an overview of why the tech sector has recently underperformed and where the opportunities lie ahead.
Too Much Gas and Not Enough Coyne, it Seems
Yesterday, Gascoyne Resources announced it would for the time being be pulling the plug on its WA gold mining business centred on the Dalgaranga mine in the Murchison.
Survey Says: Bear market blues beginning to bite
A week after the RBA again lifted interest rates, consumer and business confidence has slumped according to surveys from three major banks released on Tuesday.
Santos Shares Lose 5% on Downgrade, Pivot
Santos surprised investors yesterday with a new strategy and news that output will drop by around 10% in 2023, which saw the company’s shares slide more than 5% on Tuesday.
Further Balance Sheet Demolition from Hardies
There was no hiding behind a $US200 million share buyback yesterday for James Hardie as it sliced its 2022-23 earnings guidance for a third time in as many quarters.
10 Reasons to Stay Invested in Equities
There are still good reasons to stay invested in stocks as an integral part of a long-term investment plan—and good ways to reduce the risks that come with doing so.
Cryptoverse in Turmoil after FTX Failure
Global crypto markets are reeling at massive price slumps after a shock bailout of the dominant FTX exchange.
Thursday 10 November, 2022
Whitehaven Underwater for Second Straight Year
The La Niña-linked heavy rain and flooding around Gunnedah in NSW has seen Whitehaven Coal forced to cut production and sales guidance for a second year in a row.
Local Miners Astir as Gold Fields Lurks
Do investors sense a South African predator in the Australian gold jungle, stalking some underperforming local operators after losing out on a major deal this week?
Big Four Bank Earnings Solid but Costs a Concern
The big four banks have all now reported, with the group lifting its combined earnings 7% to a total of $28.5 billion for 2021-22 – with the rising rate environment helping.
Biotechs Preparing for the Next Chapter of Growth (video)
Platinum’s Dr Bianca Ogden explains why, contrary to popular perception at the moment, she believes the biotech sector is actually in pretty good shape.
COP27: A temperature check on progress
As COP27 begins, Stephanie Maier, GAM’s Global Head of Sustainable and Impact Investment, shares her thoughts on what to expect from the crucial climate talks.
Strong Result Puts a Rocket up Orica Shares
Orica is confident that the 2022-23 year will be better than the one just ended on September 30, despite worries about higher energy costs, inflation and slowing global activity.
Crypto a Mess as Binance Cans FTX Bailout
The second smashing in as many days for the crypto world today, with another major collapse on the cards after Binance backed out of its planned bailout of struggling FTX.
Friday 11 November, 2022
Magellan Minutes: The great ‘chip’ saga continues (video)
Magellan’s Adrian Lu discusses the US/China chip export restrictions, the recent US Chips Act, and why these changes may benefit a recent addition to the Global Fund, ASML.
Where are Australian Interest Rates Heading and What Does this Mean for Stocks?
After many years of near zero interest rates, 2022 has been characterised by a reversal of this with Central Banks around the world raising interest rates to combat inflation.
This Origin Story Looks Headed for a Happy Ending
Shares in Origin Energy jumped 40% at one stage yesterday after directors supported a buyout offer from a consortium led by Canada’s Brookfield Asset Management.
You Go Your Way and I’ll Go Mine
GAM Investments’ Adrian Owens considers whether the UK and US economies are really moving in such different directions and if the inflation outlook is markedly better in the UK.
Turquoise Minorities Move Set to Blow Up in Rio’s Face
Rio Tinto’s plan to excise dissenting votes from the signoff for the minorities in Turquoise Hill has now run aground after a Canadian regulator raised questions about it.
Market Punishes Xero to the Tune of 10%
Investors punished accounting software multinational Xero yesterday after it released mixed interim results which were topped by the surprise exit of CEO Steve Vamos.
From a mixed Thursday ASX trading session, insurance major Suncorp and shopping centre manager Scentre Group each brought an update to the market.
How Investors Can Avoid the Zombie Apocalypse
There is a large number of ‘living dead’ companies struggling to generate the operating profits required to meet debt interest payments – all of which should be given a wide berth.
K2fly (ASX: K2F) – providing ESG solutions for top 50 mining companies (video)
K2fly Limited (ASX:K2F) CEO Nic Pollock discusses K2F’s progress and milestones over the past year with FNN’s Lauren Hayes.
