AMP to Sell off Part of Capital Arm
Struggling AMP has sold a stake in its key asset, AMP Capital to its one time US suitor, Ares in a $2.25 billion transaction.
Read MoreShares
Kogan Goes Well, Now for the Real Test
It was always accepted that online retailer Kogan was doing well in the pandemic – its numerous updates in 2020 told us so, but the interim results for 2020-21 tell us the boom has continued.
Read MoreStockland Plays the Long Game as Earnings Stall
Stockland faces a cut in second half earnings even though it has seen a rise in housing settlements that has helped underpin earnings and turn around their retail town centres.
Read MoreBlessed are the Cheesemakers as Bega Wins Court Ruling
Bega Cheese has won the right to use its own brand on its peanut butter and other products after a ruling in favour of the company in Victoria’s Supreme Court yesterday.
Read MoreA2 Milk Curdles with Further Downgrade
Shares in A2 Milk crashed 20% at one stage yesterday after another downgrade was revealed and suggestions another could be in the offing, with no sign of an improvement in sales growth into China.
Read MoreAfterpay, Zip Declare Losses Now, Hope for Profits Later
While Afterpay shares were suspended until Monday to allow the company to raise $1.25 billion, shares in BNPL rival Zip took a hammering after an unimpressive interim report.
Read MoreVodafone Contribution Helps TPG Ring Up Maiden Dividend
TPG Telecom, the country’s third biggest telco, declared a maiden dividend of 7.5 cents a share as the contribution from Vodafone Australia kicked in.
Read MoreQantas Shares Move Higher on Joyce Comments
Qantas shares closed higher in Thursday trade after the airline announced it was aiming for an October resumption of international flights after establishing a travel bubble with NZ in July.
Read MoreAfterpay Gathering Troops for US Escalation
Afterpay is building up its forces to step up its attack on the US retail credit market, revealing on Thursday that it will spend $373 million on increasing its ownership of the company’s rapidly growing US business.
Read MoreAir NZ Reports Loss as Expected
Air New Zealand has reported a $NZ104 million ($A97 million) half-year loss for the six months to the end of December and is looking to wrap up its refinancing deal with the government as quickly as it can.
Read MoreRamsay COVID Test Comes Back Negative
Ramsay Health Care has cut interim dividend after reporting a Covid-hit set of figures for the six months to December, led by a 12.5% drop in net profit to $226 million.
Read MoreLate Rental Rebound Can’t Save Scentre
Australia’s biggest retail landlord, Scentre Group couldn’t match the stellar performance of many of its biggest tenants in either the year to December.
Read MoreWoolies Checks All the Boxes
Woolworths did everything right in the December half, with revenue and earnings up strongly, a dividend increase for shareholders and the demerger of its grog business on track.
Read MoreWiseTech, Appen in Binary Opposition
Contrasting results from tech darlings Appen and Wisetech on Wednesday, as the former misses its own guidance for earnings and the latter ups its forecast.
Read MoreCOVID Leaves Sydney Airport in Ruins
There seems little hope of a quick return to travel and tourism anywhere near pre-COVID levels, leaving airlines, airports and travel companies starkly exposed.
Read MoreNine Shares Touch All-Time High on Strong Report
Strong rises in earnings and cost cuts in its key TV, publishing and Stan video streaming business, helped Nine Entertainment report a 79% rise in net earnings for the six months to December.
Read MoreDay of Reckoning for Bega Roadmap
Australia’s biggest food group Bega will find out today if its ambitious expansion plans in the food sector in the past three years can proceed or face an immediate dead end.
Read MoreViva’s Lost Wages as Pandemic Bites
Viva Energy has followed its rival Ampol in revealing the damage done to the refining, distribution and retailing of oil and petrol products by COVID.
Read MoreEuropean Partnership a Game-Changer for Euro Manganese
Euro Manganese (ASX:EMN) CEO Marco Romero speaks with ShareCafe’s Tim McGowen about how their Czech based manganese project will supply the rapidly developing European electric car battery industry.
Read MoreAPA Talks Up Prospects Despite Loss
APA Group shares fell yesterday after revealing an $11.7 million first-half loss thanks to a $250 million non-cash impairment against the value of its Orbost gas plant in Victoria.
Read MoreBoQ Raising Leaves Plenty on the Table
The institutional raising by Bank of Queensland to help fund its purchase of ME Bank seems to have wasted $60 million or more judging by the 9% jump in the share price on Tuesday.
Read MoreBoardroom Moves, Flat Profit Sees Seek Sold Off
Shares in recruitment group Seek sold off on a basket of news yesterday: no dividend + new CEO and Chairman + flat earnings = shares down 7%.
Read MoreOil Search Emerges from 2020 Leaner and Meaner
Like its peers Santos and Woodside, Oil Search has emerged from a challenging year in 2020 considerably slimmer, with a big blob of red ink on the books, and back in favour again.
Read MoreAdbri Cements Solid Result
Adelaide based cement maker, Adbri doubled its full-year profit to $93.7 million but slashed dividends as it plans a heavy spending year ahead.
Read MoreImproved Profitability Perks Up Inghams
Ingham’s Group continues to benefit from strategic initiatives put in place in recent years while the easing of the pandemic presents further upside.
Read MoreVocus Bid One Step Closer to Completion
An actual bid for telco group Vocus has moved closer with its prospective bidder adding an extra party to its group.
Read MoreReliance Taps into COVID Boom
Global plumbing and heating firm Reliance Worldwide is another stock to ‘enjoy’ the benefits of the pandemic with an 82% surge in after tax profit and a higher dividend.
Read MoreBlueScope Shows Steely Resolve
Surging Australian demand, aided by solid sales into the US residential construction sector, saw BlueScope’s highest Australian steel dispatches in a decade and a 78% jump in profit.
Read MoreOils Ain’t Oils at Ampol
Ampol has lopped its dividend after revealing a sharp fall in earnings and margins as oil prices and demand for products like petrol and jet fuel were hammered by the pandemic.
Read MoreBOQ Confirms ME Purchase, Holds out the Hat
The Bank of Queensland has confirmed the $1.33 billion purchase of ME Bank and has asked investors for $1.35 billion to fund the deal.
Read MoreLend Lease Profit Falls 37%, Dividend Halved
Global construction and infrastructure giant Lend Lease has halved its interim distribution after reporting a 37% slide in earnings for the six months to December.
Read MoreWarehousing Demand Powers Goodman Group
Global demand for industrial property is likely to support Goodman Group for the next few years, leading to robust earnings, but is there an issue with the valuation?
Read MoreCOVID No Game for Bingo
Bingo Industries has cut interim dividend after revealing a 41% slide in statutory net profit after tax (NPAT) to $15.8 million for the six months to the end of December.
Read MoreCosta Group Continues Rebound
Fruit and veg grower and distributor Costa Group has continued its recovery from the drought and poor growing conditions for some crops in 2019 with a solid six months to December.
Read MoreCore Lithium (ASX:CXO) – Hidden Gems Webinar Presentation – 19/2/21
Presenter – Stephen Biggins – Managing Director – Core Lithium Ltd is well positioned to be Australia’s next lithium producer, developing one of Australia’s most capital efficient and lowest cost spodumene lithium.
Read MoreNovonix (ASX:NVX) – Hidden Gems Webinar Presentation – 19/2/21
Presenter – Chris Burns – Group CEO – Novonix is a combined developer and supplier of high-performance materials, equipment, and services for the global lithium-ion battery industry with operations in the USA & Canada & sales in more than 14 countries.
Read MoreEuro Manganese Limited (ASX:EMN) – Hidden Gems Webinar Presentation – 19/2/21
Presenter – Marco Romero – CEO, Director – Euro Manganese Limited is a Canadian public company focused exclusively on the development of a new high purity manganese production facility, based on the recycling of a tailings deposit located in the Czech Republic.
Read MoreEagle Mountain Mining (ASX:EM2) – Hidden Gems Webinar Presentation – 19/2/21
Presenter – Charles Bennett Bass – Managing Director – Eagle Mountain Mining is a copper-gold explorer focused on the strategic exploration and development of advanced and greenfields projects in Arizona.
Read MoreForearmed and Forewarned, Investors Shrug off Poor QBE Result
QBE showed why timely updates and refreshed guidance can help soften the blow from bad news, when their shares rose more than 3% on Friday in the wake of their poor result.
Read MoreTurnaround in Place at Cochlear
Hearing implant maker, Cochlear is making a return to paying dividends after the impact of COVID, the pandemic and social distancing rules damaged its 2020 finances.
Read More