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 […]
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 […]
Gold production off for the quarter
Evolution Mining (ASX: EVN) Evolution Mining has released its March quarter 2021 activities update, revealing a weak operational performance for the quarter. Evolution reported lower headline gold production for the quarter, but silver and copper production rose. Operating costs came in on the high side for the March quarter. A fall in the gold price […]
Building profits
James Hardie (ASX: JHX) Shares of James Hardie Industries have continued to advance year-to-date, extending the strong rebound after last March’s pandemic induced sell off and hitting fresh new highs. We view the rise as justified as the core US housing market continues to look robust and James Hardie has continued to pick […]
