Australia…1 hour in… ASX200 up 56
ASX200 up 56 points (0.8%) to 7137. Incitec Pivot (-8.2%); said there have been further disruptions at its Waggaman ammonia plant in the US that will likely cost it up to $33m in net profit.
Read MoreASX200 up 56 points (0.8%) to 7137. Incitec Pivot (-8.2%); said there have been further disruptions at its Waggaman ammonia plant in the US that will likely cost it up to $33m in net profit.
Read MoreASX200 up 23 points (0.3%) to 7084. News Corp (+2.4%); reported 3% revenue growth for the Q, driven by positive FX fluctuations plus solid growth at the company’s digital real estate, book publishing and Dow Jones units.
Read MoreASX200 down 19 points (0.3%) to 7074. National Aust Bank (-2.4%); 1H result. Lots of numbers – 1H profit $3.21bn vs $$1.31bn last year. Revenue -1.5%. Div 60c vs 30c last year and est 56c.
Read MoreASX200 up 20 points (0.3%) to 7088. ANZ (-2.2%); 1H profit $2.94Bn, up 90% and 10-15% above expectations. Div 70c vs 25c yoy.
Read MoreASX200 up 21 points (0.3%) to 7050. Nine Entertainment (+0.7%); 3Q ad revenue grew by 6% yoy. Expects costs to fall 3% yoy. Stan Sports subscribers approaching 150,000.
Read MoreASX200 up 37 points (0.5%) to 7060. Premier Investments (-1.6%); will repay $15m in JobKeeper funds and is confident it will meet market consensus for FY21.
Read MoreASX200 down 47 points (0.7%) to 7035. Sezzle (+6.5%); intends to file for a US IPO. Also said active merchants 34,000 vs 12,715 a year ago.
Read MoreASX200 up 3 points to 7036. Link (-3.3%); the Pacific Equity Partners / Carlyle Group consortium has withdrawn its takeover proposal.
Read MoreASX200 down 18 points (0.2%) to 7027. Afterpay (-1.3%) / Sezzle (-0.7%) / Zip (-2.5%); non-bank lender Nimble has warned many customers are facing a looming debt spiral as they max out on BNPL purchases.
Read MoreASX200 down 9 points (0.1%) to 7051. Crown (+0.1%); another potential suitor has joined the race with Apoolo Global Management now showing interest.
Read MoreASX200 down 65 points (0.9%) to 6952. BHP (-1.8%); reported a 7% drop in Q Iron Ore shipments but still sees FY iron ore output near upper end of forecast.
Read MoreASX200 down 10 points (0.1%) to 7048. National Aust Bank (-0.5%); seeing “clear and widespread signs” of business getting back on track with NAB bankers approving more business loans than before.
Read MoreASX200 down 18 points (0.2%) to 6999. Boral (-0.2%); will consider a potential joint venture or sale for its North American fly ash unit as part of a strategic review of the business.
Read MoreASX200 up 18 points (0.3%) to 6994. Pharmaxis (+6%); has sold distribution rights for Bronchitol in Russia for $2m. Resolute Mining (+17%); said Bibiani mining lease restored.
Read MoreASX200 up 15 points (0.2%) to 6989. ANZ (-0.1%); ratings agency Fitch has upgraded its outlook on ANZ from negative to stable. Splitit (+8.3%); partners with UnionPay who have a card network of 9 billion cardholders.
Read MoreASX200 down 11 points (0.2%) to 6893. Commonwealth Bank (-0.5%); has lowered its end-2021 unemployment forecast to 5% from 5.5%.
Read MoreASX200 up 63 points (0.9%) to 6991. Rio Tinto (+1.4%); paid $8.4bn in taxes globally in 2020, up 11% yoy. Worley (-1.2%); has been awarded a front-end engineering services contract by Phillips 66.
Read MoreASX200 up 46 points (0.7%) to 6932. Westpac (-0.1%); confirms that APRA has approved its plan to address Risk Governance.
Read MoreASX200 up 64 points (0.9%) to 6892. Splitit (+6.5%); is now available on the Google store in Japan. Afterpay +8%.
Read MoreASX200 unchanged @ 6791. Macquarie (-0.9%); will be subject to higher liquidity and operational risk capital requirements, following multiple breaches of APRA’s reporting standards.
Read MoreASX200 up 87 points (1.2%) to 6822. Banks; half year end today for ANZ +1.2% NAB +1.1% WBC +1.1%. FY end for MQG +1.1%
Read MoreASX200 up 25 points (0.4%) to 6850. Banks; ANZ +1.6% CBA +0.2% NAB +1% WBC +1.3% Stronger today as several brokers issue research saying capital management is high on the priority list as their capital levels are strong.
Read MoreASX200 up 21 points (0.3%) to 6766. Santos (-1%); said it has cut around US$1bn off the cost of developing the Barossa natural-gas project by awarding a contract for a floating production, storage and offloading vessel to BW Offshore.
Read MoreASX200 up 19 points (0.3%) to 6727. Insurers: IAG -2.5% QBE -2.1% SUN -2%. It’s raining. A lot.
Read MoreASX200 down 69 points (1%) to 6676. Afterpay (-2.8%) / Splitit (-3.2%) / Zip Co (-3.3%); press speculation that the “RBA will move on the BNPL later sector to force industry players to allow retailers to recoup hefty transaction costs.”
Read MoreASX200 up 1 point to 6796. Splitit (+0.5%); announces continued global expansion with new merchant deals as the company demonstrates a strong start to 2021.
Read MoreASX200 up 11 points (0.2%) to 6784. News Corp (+0.8%); reached a 3 year agreement with Facebook in Australia to let FB feature news in Australia from some of the media company’s key properties.
Read MoreASX200 down 36 points (0.5%) to 6730. Fortescue (-4%); said it will aim to be carbon neutral by 2030, a decade ahead of an earlier target.
Read MoreASX200 up 68 points (1%) to 6781. Rio Tinto (+1%); has signed a sales agreement with Amaero for Aluminium-Scandium Alloy.
Read MoreASX200 down 15 points (0.2%) to 6698. Travel stocks; Govt to offer 800k half price flights within Aust. CTD +2.5% FLT +9% QAN +2.4% REX +4% WEB +3.4%
Read MoreASX200 up 10 points (0.1%) to 6781. Afterpay (+9%); completes acquisition of European BNPL provider Pagantis. Will launch services in Spain, France and Italy.
Read MoreASX200 up 44 points (0.7%) to 6783. Domain (-1.4%); has cancelled the additional debt facility of $80m that it previously announced on 27 April 2020 as part of its response to COVID19.
Read MoreASX200 down 76 points (1.1%) to 6684. Oil; the Black Gold/Texas Tea keeps surging as US inventories shrink due to freezing weather. OSH +2.8% STO +3.5% WPL +1.9%
Read MoreASX200 down 97 points (1.4%) to 6720. Myer (-9%); posted a 76.3% lift in interim profit after a surge in online sales during the pandemic but once restructuring costs, floor closures and brand exits are taken into account, profit was +8.4%.
Read MoreASX200 up 43 points (0.6%) to 6805. Rio Tinto (); said its chairman Simon Thompson would step down amid the fallout from its destruction of two ancient rock shelters in Australia.
Read MoreASX200 up 49 points (0.7%) to 6838. Don’t forget the Reserve Bank interest rate decision at 2.30pm. No change is expected by just about all economists.
Read MoreASX200 up 71 points (1.1%) to 6746. Crown (+0.3%); Director John Poynton has resigned. Regional Express (+3.5%); the first flight on the Sydney-Melbourne route took off today….
Read MoreASX200 down 158 points (2.3%) to 6675. Afterpay (-11%); said its convertible note offering is now $1.5bn, up from $1.3bn. Mesoblast (); Trading halt. No reason given as yet……
Read MoreASX200 up 63 points (0.9%) to 6839. Afterpay (TH); 1H loss rose 77% to $76.5m but sales more than doubled. Revenue +89% with 5.8m new customers and 74k new merchants. Is undertaking a $1.25bn convertible notes offer.
Read MoreASX200 down 18 points (0.3%) to 6821. Telstra (-2.8%); ex div 8c. Trading down 9c. Woolworths (+0.7%); said 1H profit rose 28% and declared its highest dividend in 6 years.
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