Promises Of A Happy New Year For Base Metals
Advanced explorers and emerging producers such as Aeon Metals and Todd River well-positioned to benefit from the upturn.
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Investors Back Leadership Baton Change At BHP
Investors and analysts have welcomed the news that BHP has chosen senior executive, Mike Henry as the mining giants next CEO.
Read MoreGrainCorp Dividend Axed Amid Drought Ravaged Result
The drought savaged the 2018-19 result of GrainCorp, sending it to a loss of $113 million and forcing the company to axe its final dividend.
Read MoreHeraMED’s New Age Technology Addresses Age-Old Problems
Medical technology group HeraMED Limited (ASX:HMD) has gone from strength to strength since listing on the ASX in December 2018.
Read MoreHow To Benefit From Short Selling
With an increasing number of activist short selling campaigns targeting stocks perceived as overvalued, nervous directors will be asking ‘who’s next?’
Read MoreMike Henry To Steer BHP As Andrew McKenzie Announces Retirement
BHP says senior executive, Mike Henry will become CEO of the mining giant from the start of 2020, replacing the incumbent, Andrew McKenzie who steps on December 31 and retires next June.
Read More“Confident” Bingo Bounces On Solid Trading Update
Shares in Sydney-based waste management firm BINGO bounced strongly yesterday on a solid trading update.
Read MoreIncitec Pivot Confirms Weak, Weather Plagued Result
As expected a combination of factors from drought, flooding rains higher gas prices and plant outages drove net earnings of Incitec Pivot (IPL) down 56% in the year to September 30.
Read MoreSoft Ad Market Sinks Nine Entertainment
Nine Entertainment shares were sold off after the company revealed a sharpish downgrade in first-half earnings because of the slump in TV and radio broadcasting.
Read MoreCBA Holds Ground In Q1 Despite “Headwinds”
CBA has issued a cunningly structured Q1 trading update that flagged further “headwinds” for its net interest margin but importantly the update contained no new charges for customer remediation.
Read MoreAJ Lucas Shares Slammed On Funding Shortfall
Shares in would be UK fracker, AJ Lucas Group copped a hiding yesterday, plunging 25.5% to 6.7 cents at the close after it revealed a huge shortfall from shareholders to its latest fundraising.
Read MoreBHP Backs “Robust” Oil & Gas Outlook
Despite fears about peak oil and peak demand for oil, as well as the continuing pressure cut the use of fossil fuels, BHP remains a believer in oil and gas.
Read MoreDiversified Base Helps Elders Defy Drought Downturn
Shares in agribusiness giant, Elders jumped more than 6% yesterday after its 2018-19 annual results showed it had defied the impact of the drought.
Read MoreIn Any Language, English Testing Is A Lucrative Market
The federal government may have succeeded in cleaning up the woeful private vocational education sector, but now faces a fresh issue in its quest to protect the $35 billion foreign student trade.
Read MoreAmazon Puts Zip Co Payments In The Basket
Payment provider Zip Co has been boosted by the announcement of a strategic partnership with Amazon Australia.
Read MoreCentaurus Hunts High Grade Nickel At Jaguar Project
Centaurus Metals – (ASX: CTM, Share Price: $0.016, Market Cap: $43m, coverage initiated @ $0.009 in May 2017 – current gain of 78%)
Read MoreBell Potter: Listed Investment Companies Weekly Report
Bell Potter updates developments in Australia’s listed investment company market and provides comparative data.
Read MoreCosta Warns Again After Citrus Crops Hit By Hailstorm
Believe it or not but there’s another profit warning – small this time – from Costa Group.
Read MoreEd Eshuys-Led DGO Offering Investors Gold Leverage Of A Different Kind
Led by Ed Eshuys of Plutonic, Bronzewing and Jundee gold deposits discovery fame, and Bruce Parncutt of analyst/investment banker fame with McIntosh Securities and Merrill Lynch, DGO has a somewhat unique strategy for a junior.
Read MoreBond Yields Surge: When Do Equity Markets Worry?
Let’s consider what the real impact of rising yields have on stock markets during the different phases they enter, because this is important, and far too many professionals don’t understand bonds and their impact on other asset classes.
Read MoreBank Earnings Review: Is The Worst Behind Us?
KPMG’s Major Australian Banks Year-End Analysis Report 2018-19 finds that the four majors reported a combined cash profit after tax from continuing operations of $26.9 billion, down 7.8% on FY2018.
Read More“A Challenging Period”: Flight Centre Faces More Turbulence
Travel giant, Flight Centre has put more meat on its October 9 earnings warning, and seen a further sell-off.
Read MoreUS Housing Bolsters Outlook For James Hardie
Suddenly housing is looking a bit brighter for James Hardie Industries which has upgraded its full-year adjusted net operating profit guidance in the wake of a solid performance in the six months to September 30.
Read MoreMetminco Now Drilling Amongst Multi-Million Oz Gold Discoveries
Host to multi-million-ounce gold discoveries, Colombia’s Mid-Cauca belt has seen major mining investment inflows in recent years.
Read MoreNAB Cuts Dividend As Cash Earnings Slip 10.6%
As expected the NAB has followed its rivals in Westpac and the ANZ in cutting returns to shareholders after a slide in earnings and revenue for the year to September 30.
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Vicinity Centres Offloads More Malls
Shopping mall landlord Vicinity Centres has continued to get rid of unwanted shopping centres as it looks to polish its portfolio amid the continuing retail malaise.
Read MoreBoral Confirms Earnings Hit From Construction Slowdown
As expected the weaker housing market in Australia has hit Boral with a forecast 5% fall in 2019-20 first-half earnings to about $461 million revealed yesterday.
Read MoreBrokers Tick Iluka’s Review But Doubt Outlook
While reviewing the structure of its principal operations, Iluka Resources anticipates a market deficit in zircon and tight feedstock supply should underpin a positive outlook for 2020.
Read MoreWestpac Successfully Navigates Capital Raising
The $2 billion discounted raising by Westpac has ended up being a good result for the bank.
Read MoreNAB Next In The Firing Line As Westpac Disappoints
NAB shares slid yesterday in the wake of Westpac’s surprise $2.5 billion capital raising and dividend cut as investors said the Melbourne-based lender would be the next major to cut its payout or even approach shareholders for more money.
Read MoreIndependence Group Muscles In On Panoramic Resources
Panoramic Resources shares jumped more than 34% at one stage yesterday after it revealed a $312 million all paper takeover offer from Independence Group.
Read MoreWoolies Pushes Ahead On Drinks Demerger
Woolworths has started the complicated three-part merge and de-merge of its Endeavour Drinks business with the issuing of an explanatory booklet for the first stage to shareholders yesterday.
Read MoreWestpac Halted Ahead Of $2.5bn Raising
Westpac shares went into a two-day trading halt before the ASX opened on Monday morning to allow it to make a surprise capital raising of around $2.5 billion to big shareholders.
Read More“Gaining Traction”: Upbeat Orica Back In The Black
A “positive” outlook for ”2020 and beyond” from explosives and mining services Group Orica after it revealed a 15% rise in full-year profit for the 12 months to September 30.
Read MoreMacquarie Loses Some Momentum As H1 Profit Slips 13%
The Macquarie Group money-making machine seems to be losing momentum, judging by the 2019-20 interim result and weak forecast released on Friday (November 1).
Read MoreANZ Raises Eyebrows After Cutting Dividend Franking To 70%
ANZ’s move to partially frank its final dividend has sent ripples across the financial sector and triggered fears that Westpac on Monday and the NAB in a week’s time, will follow suit.
Read MoreThe Factors Underpinning A Recovery In Monadelphous
On closer inspection of the fundamentals and outlook, we consider that there are a number of factors that could potentially underpin a recovery in Monadelphous. The catalyst for this recovery would be what upcoming AGM on 19 November.
Read MoreANZ Holds Payout On Flat Result
The ANZ bank is maintaining final dividend at 80 cents a share after a weak full-year profit.
Read MoreFed Indicates A Pause Is Ahead After Cutting Rates Again
While there was certainty that the third rate cut this year would happen at the November meeting of the Fed’s Open Market Committee – which it did, down 0.25% – there was also a sneaking suspicion that any reduction could be the last for a while.
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