US Inflation
US Inflation; Australia & China Deal Listen to our Special Webinar where our CEO Angus Geddes with host Roger Malik discussed key macro and market events in the week. Topics Discussed: US Inflation Australia & China deal Household savings Banks Tightening Credit Oil & USD Inverted Bond Yield Curve US Earnings Session – Q1 ASX and S&P500
Prices Take Some Back
Rio Tinto (ASX: RIO) Rio Tinto has revealed a reversal in its numbers for 2022, following falls in underlying and statutory earnings, and across all its reporting lines. While the balance sheet continues to be a key standout feature it was regeared but remains pristine. Shareholders saw the annual dividend near halve while no special […]
Pineapple on the Pizza
Domino’s Pizza (ASX: DMP) On the release of 1H23 results Domino’s Pizza’s share price has declined sharply. We digest the results and review our recommendation. The Daily view of DMP highlights the breakaway gap towards the major support level of $49.60, current price movements remain within the multi month consolidation range between $49.60 and $75.0. […]
A new beast
Woodside Energy (ASX: WDS) Woodside Energy (Woodside) has reported its operational numbers for 2022 and for the first time included the annual numbers for BHP Petroleum. The change is profound, with comparatives for the year reflecting this and supports our belief the acquisition is a major game changer for Woodside. Certainly, records fell in […]
Good Leverage
Evolution Mining (ASX: EVN) Evolution Mining (Evolution) released its December 2022 quarter operational results, and in doing so has revealed a good performance. Evolution levered into a higher gold price by lifting gold production and reining in unit operating costs. Guidance for 2023 was maintained. Mine cashflows for the quarter were well supported by a […]
Budding value emerging amid uncertainty
Elders (ASX: ELD) Shares of Elders have fallen significantly since hitting multi-year highs in the first half of 2022. The correction has been a function of uncertainty about margin pressures on the horizon after strong prior financial performance and then in November, the shares tumbled more than 20% when Elders announced that the well-respected CEO […]
2022 Review
2022; payback With 2022 just a few days from entering the history books, we look back at the year that carried many twists and turns with inflation and central banks playing key roles. The pandemic year of 2020 and recovery year of 2021 are now well in the history books, with the ‘payback year’ an […]
Take-up Entitlement
Sandfire Resources (ASX: SFR) Sandfire Resources (Sandfire) announced on 18 November 2022 that it was raising up to A$200 million, by way of an accelerated non-renounceable entitlement offer to shareholders. Sandfire is raising capital to ensure a strong balance sheet and fund ongoing growth initiatives. The following image shows the locations of Sandfire’s global operations: […]
A good vintage
Treasury Wine Estates (ASX: TWE) The premiumization trend has been underway for quite a while now and even as a cost-of-living squeeze unfolds for many in Australia and around the world, the results from premium and luxury brands we have seen around the world in recent weeks/months, along with experience in past cycles provide us […]
Don’t hang up
Telstra (ASX: TLS) Telstra increased its dividend for the first time in seven years following the successful completion of T22 program and continuing strong momentum in its underlying business. The Daily view of Telstra indicate price has traded above the 20 day and 200 day moving averages, with the current movement towards the high of […]
Strong performance
ANZ Banking Group (ASX:ANZ) Shares in ANZ have staged a strong recovery in the past weeks, we review another strong result from the bank with profit before credit impairment and tax up 7% for FY-22 with a strong 16% in the 2H. Cash Profit from continuing operations finalized at $6,515 million, some 5% higher. The […]
Given the environment a good result
Rio Tinto (ASX: RIO) Rio Tinto (Rio) has just reported its third quarter operational results to 30 September 2022, revealing generally firmer production results across many of its product offerings. The operational result meant 2022 guidance remained unchanged, except for copper, while iron ore was guided toward the lower end of the range. The following […]
