Market Matters in Sydney, Australia | Financial service

Market Matters

Locality: Sydney, Australia

Phone: +61 1300 301 868

Address: Chifley Tower, 2 Chifley Square 2000 Sydney, NSW, Australia

Website: http://www.marketmatters.com.au

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25.01.2022 The global contractor Downer #DOW was higher today after announcing it would buy back up to 10% of its stock. Read our Opinion + Action here https://hubs.ly/H0M7gy20

25.01.2022 Magellan #MFG full year results came in ahead of expectations with Adj. NPAT of $438.3m beating analyst expectations by 2% and 5% above last years result. The beat came despite a drop in performance fees for the group, being driven by management fees outpacing expense growth. https://www.marketmatters.com.au//magellan-mfg-beats-desp/ #ASX #ASX200

25.01.2022 The gold names were broadly weaker today however WA based Ramelius #RMS was the hardest hit on a mixed March quarter update. Read our Opinion + Action here https://hubs.ly/H0M7h8F0

24.01.2022 Kogan #KGN continued falling today despite growth in sales and profit https://www.marketmatters.com.au//kogan-com-shares-volati/

24.01.2022 Where to next for the ASX, bond yields, the AUD and more... https://www.marketmatters.com.au//where-to-next-for-the-a/

22.01.2022 #NAB raises equity and jumps ahead of the pack in reporting results https://www.marketmatters.com.au//2020/04/28/nab-raises-e/

21.01.2022 Qantas #QAN will sack 6,000 staff, with another 15,000 furloughed as it continues to operate on drastically reduced flight numbers. With $15bn worth of savings being sought over 3 years the key question is - what will the business look like post COVID? https://www.marketmatters.com.au//qantas-qan-raises-capit/

20.01.2022 The scrap metal trader Sims #SGM has rolled over yesterday, down 10% after the company updated guidance for FY20 just 6-weeks after their last trading update. In Sims update it has once again guided the market lower as further pain in the scrap market as well as rising inventory levels impact earnings saying the scrap price crash will be worse than originally anticipated. Is it now time to invest? https://www.marketmatters.com.au//sims-metals-sgm-share-p/

19.01.2022 One of the top performers today, James Hardie #JHX impressed the market with a better than feared first quarter, along with supportive outlook statements despite the headwinds construction is seeing. While sales slipped just 5%, first quarter profit was down nearly 90% on last year to just $US9.4m. The company expects a recovery to kick in from the 2nd quarter helped by continued ability to gain market share https://www.marketmatters.com.au//james-hardie-jhx-posts-/ #ASX #ASX200 #shares

19.01.2022 PROTECT your SMSF through the coronavirus crisis. Download our FREE must-read guide for DIY investors today. https://try.marketmatters.com.au/coronavirus-plan/

16.01.2022 Macquarie raises debt again which begs the question of what they are up to here? https://www.marketmatters.com.au//macquarie-mqg-secures-m/

16.01.2022 Why we like Uranium & Paladin (PDN) - Uranium stocks have been in focus this year with many rising 3-fold in anticipation for a strong move in the uranium market. The market has been oversupplied for a number of years however the dynamics are starting to turn here for a number of reasons. https://hubs.ly/H0MJfp80

15.01.2022 The mineral sands miner #ILU is the best in the top 200 locally today, trading more than 5% higher following the release of their September quarter production report as well as announcing a review into the business. Ilukas main operations in zircon and rutile continue to track well with production substantially higher than the previous quarter. https://www.marketmatters.com.au//iluka-ilu-share-price-r/

15.01.2022 3 key stocks we're reviewing at present #healthcare #property #Biotech https://www.marketmatters.com.au//three-key-stocks-to-be-/

15.01.2022 Every week we answer subscribers questions on various topics and MM's view on stocks we're interested in and not. This week we have provided a sample of questions on international stocks, ETF's and finance and medical stocks. https://www.marketmatters.com.au//subscriber-questions-am/

15.01.2022 The rest of the travel stocks were broadly higher yesterday, but Webjet #WEB slipped from the pack, falling nearly 3% after pricing up a 100m convertible note deal. What now for the travel stock? https://www.marketmatters.com.au//webjet-web-extend-debt-/

14.01.2022 GET REAL-TIME ADVICE to help you navigate the current market uncertainty - COVID-19 Pandemic and Oil Crisis. Free 14-day trial with full access. No payment details required. https://try.marketmatters.com.au/coronavirus-plan-2/

14.01.2022 #CBA released FY20 results this morning showing why its the No 1 bank in Australia. Reading through initial analyst commentary some are suggesting that cash profit was a decent miss ~7%, however a number of analysts (including ours) had earnings from Colonial in as a continuing operation which was not the case CBA left that out. #ASX #ASX200 https://www.marketmatters.com.au//08/13/cba-full-year-rep/

13.01.2022 Newcrest #NCM were out with their FY20 and June Quarter production and sales scorecard today and the numbers were good. Have they turned the corner on operational issues now? https://www.marketmatters.com.au//newcrest-ncm-beats-prod/ #ASX

12.01.2022 Navigating the ASX during the coronavirus crash - Download your FREE report from one of the most trusted voices in Australia. Click here - https://try.marketmatters.com.au/coronavirus-plan/

11.01.2022 South (#S32) full year result was pretty poor vs last year but reasonable to what the market was after. EBIT was down nearly 70% but landed around 4% ahead of the market, they paid a 1USc dividend and extended the current buyback by 12 months it has been paused but they plan to re-commence the program as COVID-19 related operational risks subside and our financial performance improves. https://www.marketmatters.com.au//south32-s32-in-good-sha/

11.01.2022 #BHP provides some commentary on what they are seeing from the demand side noting the various impacts of COVID-19. https://www.marketmatters.com.au//bhpon-track-after-3-qua/ #ASX #shares

11.01.2022 The retail side of the #WES Wesfarmers business provided an update to the market today, part of which highlights why they recently bit the bullet on Target with some decent write-downs #ASX #shares https://www.marketmatters.com.au//wesfarmers-wes-retail-t/

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09.01.2022 Saracens #SAR was out this morning with a good set of 1Q production numbers plus they reaffirmed full year production guidance for 350,000 to 370,000 oz. 1Q gold production came in at 96,324 oz on an all-in sustaining costs/oz of A$964. For the full year they still expect an all-in sustaining costs/oz A$1,025 to A$1,075. https://www.marketmatters.com.au//saracens-sar-delivers-g/

08.01.2022 As AGM season ramps up, so do the downgrades. It was Begas #BGA turn today with the company noting the drought had continued to have a negative impact on earnings into FY20 after it had significantly impacted the FY19 result 2 months ago. Where to now for Bega? https://www.marketmatters.com.au//bega-bga-flags-drought-/

08.01.2022 The old Clydesdale bank, and prior to that the UK arm of NAB, has seen its shares rocket higher this week following their full year result posted to the UK market last night. Shares are now up over 70% from the panic lows set last month on hard BREXIT fears and earnings problems tore the stock up although shares are now almost exactly where they started the year, and ~45% off the 2018 high. https://www.marketmatters.com.au//virgin-money-vuk-shares/

06.01.2022 Health insurance heavyweight Medibank #MPL has seen its shares slide today following an update regarding performance thus far in the financial year with shares around 7.5% lower in the session. Claims came in $21m more for FY19 that was provisioned at the time the results were announced with underlying growth at 2.4%, above the 2% reported at the time. https://www.marketmatters.com.au//medibank-mpl-shares-div/

05.01.2022 CBA provided a trading update yesterday that was strong, stronger than the other banks in terms of income growth which came in at +4% from the quarterly average of 2H19 to 1Q20. The cash profit was $2.26B for 1Q20 however the reported line was $3.8B given the sale of the Colonial First State Asset Global Management business. So what is the outlook for their attractive dividend? https://www.marketmatters.com.au//key-points-from-todays-/

04.01.2022 Last week we saw NAB deliver results (the last of the big 4 to report this period) with CBA running a June year end. NAB looks to be the only bank to have met expectations in what has been a tough year for the group. What does year ahead look like? https://www.marketmatters.com.au//nabs-result-the-best-of/

04.01.2022 What Matters Today: Is lumber painting a picture? https://bit.ly/3gGnjOl

04.01.2022 Wow, what a week, it started on the back foot on Monday morning as the market came under significant pressure with the spread of the coronavirus outside of China, a void of buyers turned into a capitulation style move across the market yesterday simply all stocks were dumped as traders liquidated positions ahead of the weekend. For the week the ASX 200 dropped 9.77%, the total decline from the 7197 high set last Thursday has been -757pts / -10.5%, many stocks were down mu...ltiples of that number on the week, unsurprisingly headed by the travel stocks + the high beta IT style stocks which have taken a real bath. That said, there hasnt really been anywhere to hide, gold stocks have even been hit hard with just 4 stocks out of the ASX 200 closing up on the week led by funeral provider Invocare, hardly a good omen! It was end of month today and its hard to remember a more volatile start to a year, the ASX200 up +4.85% in January and now down -8.21% in February. Stay tuned !

04.01.2022 One of the winners of lockdowns appears to be homewares retailer Adairs #ADH which saw EBIT rise 24% in its main brand, while the contribution of the online only company Mocka helped total group EPS rise 17% to 21c, a 9% beat to estimates https://www.marketmatters.com.au//adairs-adh-a-surprise-w/. #ASX #ASX200 #shares

03.01.2022 Telstra (TLS) has enjoyed a strong week rallying 30c, or + 8.4% as it embraces a number of broker upgrades courtesy of a reduction in long-term capex estimates however with targets now around the $4 only ~4% away this particular tailwind is likely to diminish. https://www.marketmatters.com.au//has-telstra-tls-turned-/

02.01.2022 #CBA released FY20 results this morning showing why it’s the No 1 bank in Australia. Reading through initial analyst commentary some are suggesting that cash profit was a decent miss ~7%, however a number of analysts (including ours) had earnings from Colonial in as a continuing operation which was not the case CBA left that out. #ASX #ASX200 https://www.marketmatters.com.au//08/13/cba-full-year-rep/

02.01.2022 A good result out of #WES today and although the stock finished slightly lower that should be viewed against the backdrop of the stock trading at all-time highs. When looking at #WES, the EBIT line in the critical one and todays result was inline, however the highlight was Bunnings which delivered FY20 LFL sales growth of +14.7% (1H20 +4.7% vs. 2H20 +25.8%). Outlook expected to moderate but an incredible number none-the-less. https://www.marketmatters.com.au//bunnings-officeworks-le/

02.01.2022 The hits keep coming for IVE Group #IGL with Coles scaling back the use of weekly catalogues. This is an obvious negative to IGL and when viewed against high leverage and an uncertain operating environment its a hard one to stomach. Coles today said that from September 2020 they will cease distribution of weekly catalogues https://www.marketmatters.com.au//ive-group-igl-lose-on-c/ #ASX #ASX200

01.01.2022 Why did Mirvac (MGR) shares rise? $MGR the property group was out with a 3rd quarter trading update today which buoyed the real estate space. The company talked to strong momentum leading into the final quarter with rent collection rates improving in a sign the headwind to the REITs was abating at a quickening pace. https://hubs.ly/H0M7gyy0

01.01.2022 Whitehaven Coal #WHC +6.35%: continued to see some love again today after being one of the serial underperformers as the market rallied, Whitehaven was bid strongly on the back of an impressive quarterly that saw production hit guidance for the full year. Is now time to look at investing in this miner? https://www.marketmatters.com.au//whitehaven-whc-operatio/