Glenn Dyer, Author at ShareCafe

The National Australia Bank (NAB) has joined the trend of banks in reporting an uplift in cash earnings for the latter months of 2013.

IAG Profit, Dividend Lifts

As expected, Insurance Australia Group Limited (IAG) has joined the ever growing ranks of companies large and small boosting dividend payouts to shareholders.

Fletcher Posts Modest Profit Rise

Despite a weak result, Fletcher Building (FBU), New Zealand’s biggest listed company, has joined the dividend boosting club with a small rise in its interim payment to shareholders.

Super Retail Raises Dividend

Despite that shock update downgrading profit last month – a forecast that wasn’t met yesterday with earnings lower than forecast, Brisbane-based Super Retail Group (SUL) has boosted interim dividend.

Management Moves At TWE & MYR

Investors for once liked change at the top of two companies with a track record of management uncertainty.

Federation Centres Comeback Accelerates

Federation Centres (FDC) (nee Centro) was another company to join the higher payout club yesterday after reporting a very solid interim profit and lifting its forecast for the full year.

AMP’s Wealth Protection Black Hole Dents Profit

The continuing problems in its wealth protection business has seen AMP Limited (AMP) report a sharp fall in net underlying profit for the 12 months to the end of December, the company reported this morning to the ASX.

Fortescue Profit Surges

As was expected, Fortescue Metals Group (FMG) has joined in the dividend surge in the current reporting season, especially from the resources sector.

Dick Smith Does Well First Up

Good news from Dick Smith (DSH) in its first profit report back on the ASX as a listed company, but it was a different message from The Reject Shop (TRS), which was to be expected after its profit warning last month saw the shares plunge more than 30% in a day.

Reject Shop Confirms Slide

The expected weaker result from The Reject Shop (TRS) has seen the retailer cut interim dividend after revealing a slide in profit for the half.

Wesfarmers Lifts Dividend, Coles, Bunnings Impress

Wesfarmers (WES) has joined the growing list of companies large and small lifting dividend payouts to shareholders after reporting a better than expected first half profit yesterday.

Woodside Raises Dividend On Record Production

Shareholders have again been rewarded by Woodside Petroleum (WPL) after the oil and gas group reported its second highest full year result ever and its highest based on earnings from continuing operations.

Pac Brands Lifts Sales, Still Underwhelms

Pacific Brands (PBG) copped a ‘please explain’ on Monday from the ASX about the shares which had risen in price from around 64c at the start of February, to 72c early Monday.

Downhill Slide Continues For McAleese

As expected, shares in McAleese (MCS) fell heavily yesterday after the company sliced its estimates for revenue and profits and revealed plans to downsize in the wake of the Cootes tankers debacle.

Coca Cola Amatil Loses Its Fizz

Poor weather in Australia, weaker returns from the previously strongly performing Indonesian soft drinks operation, adverse currency movements and increased competition saw Coca Cola Amatil (CCL) post what can only be described as a poor set of figures for the year to December 31, continuing what was a weak first half.

Arrium Triples Dividend Thanks To Iron Ore Surge

The iron ore industry isn’t just BHP, Rio Tinto (RIO) and Fortescue (FMG) plus a group of WA-based tiddlers – Arrium (ARI), the South Australian based steelmaker with an iron ore business sideline, is often left out of industry comparisons. Unfairly, given the latest half year surge in sales and earnings that helped Arrium to a sharp turnaround in profit in the six months to December.

Three Survivors In Mining Services

Amid the doom and gloom, three mining services companies yesterday reported earnings results that have bucked the trend for the industry and pleased investors.

BHP Delivers

The intensive cost cutting of the past year to 18 months, and the strong surge in iron ore prices and production in the back half of 2013, have paid off for BHP Billiton (BHP) and its hundreds of thousands of shareholders who will receive a higher interim dividend.

Bendigo Joins The Banking Good News Group

Bendigo and Adelaide Bank (BEN) has joined the growing list of reporting companies boosting payouts to shareholders.

Ansell Raises Dividend

Another company lifting dividend yesterday was Ansell (ANN), the condom and glove maker, which reported a 14.9% lift in earnings for the six months to December.

Aurizon On Track Despite Earnings Slide

In a confusing interim report yesterday, Aurizon (AZJ), the Queensland based rail freight operator, managed to report several different profits – all of which were sort of accurate.

Australand Hit By Write-downs

Singapore-dominated property developer Australand (ALZ) says it expects to deliver growth in earnings for 2014 and is aiming for distributions to edge up to 22c per security, up from 21.5c in 2013.

Reporting Season To Hit Full Stride

February 17, 2014 - by Glenn Dyer

This week the December 31 reporting season for interim and full year profits hits full stride with nearly 100 major companies due.

Corporate Profits Bolster Global Markets

February 17, 2014 - by Glenn Dyer

So much for the outbreaks of doom and gloom in Australia, China, the US and parts of Europe last week about economic growth, jobs, central banks, the impact of winter, the loss of the car industry in Australia, and fears about the stability of emerging markets.

The Week Ahead

February 17, 2014 - by Glenn Dyer

Rather than the economy, Australian corporate earnings dominate the week ahead (see accompanying story) with the likes of BHP Billiton, Coca Cola Amatil, the NAB, Wesfarmers, Seven West Media, Brambles, AMP and Amcor leading the way.

Rio Ups Dividend After Solid Second Half

The market missed Rio Tinto’s (RIO) stronger than expected second half and higher full year figures and dividend boost yesterday.

Jobless Numbers Strike 10-Year High

The odd glimmer of light in the January jobs report yesterday, with the unemployment rate up to 6%, with 3,700 jobs estimated to have been lost last month.

Downgrade Looms For McAleese

I feel a downgrade coming on for the shares of McAleese Transport (MCL), the owner of the troubled Cootes’ fuel tanker business. Trading in the shares was halted late yesterday after the company warned it was reviewing its 2014 results and forecasts.

IPO Boom Boosts ASX

The Australian Securities Exchange (ASX) did well out of the 14.3% rise in the market in the six months to December and an upturn in new listings, reporting a 10.8% rise in net earnings yesterday and a slightly higher dividend.

Webjet’s Surprise Rebound

Webjet (WEB) shares soared 28% at one stage yesterday and finally closed up 21.6% at $3.04 after the company, a big online travel business, beat market expectations, thanks to the Zuji takeover last year which appears to be coming right at last.

Red Ink For Miners Despite Improved Gold Price

Gold prices might have topped $US1,300 an ounce mark for the first time in more than three months overnight Thursday, but that rebound won’t help erase the flood of red ink from some of the world’s biggest miners which started flowing this week.

Telstra Keeps Faith With Higher Dividend

Telstra (TLS) has lifted its 2013-14 interim dividend to 14.5c a share, up a whole half a cent, on the figure for the past few years.

Domino’s Delivers

Domino’s Pizza Enterprises (DMP) has lifted dividend and upped its 2014 earnings growth forecasts as the company’s expansion into Japan late last year boosted sales and profits.

Timings Cloud Positive China Data

Now, despite the relief heard around the world at the January trade figures from China yesterday, which were better than forecast, there are a couple of factors which need to be considered.

Goodman Fielder Posts $65m Loss