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(30 July 2016, AFR, p27, by Philip Baker) ‘If it wasn’t for the banks and resources sector, the reporting season might not look so bad. But thanks mainly to falling commodity prices, the top listed companies are expected to report a drop in earnings per share growth for the second consecutive year for the first time since … Continue reading
(12 May 2015, AFR, p21, by Simon Evans) ‘The maker of Gravox gravy, Saxa salt, Fountain tomato sauce and Mocopan coffee has suffered a 27 per cent slide in annual profits in calendar 2014, even though sales climbed by 8.1 per cent to $209 million.’ Read more at AFR.com (might need AFR login access)
(29 Jan 2015, AFR, p23, Bianca Hartge-Hazelman) ‘Just as it looks like the case for a 2015 rate cut in Australia has weakened, the argument for higher rates in the United States is also being second-guessed as US corporate earnings show the strain being inflicted by a higher greenback and lower oil prices.’ <snipped…> ‘US … Continue reading
(20 August 2014, The Age, BusinessDay, p26, Eli Greenblat) ‘Dick Smith will ratchet up its private label offering by as much as 40 per cent this year by introducing new product lines and launching electronic categories, such as security cameras, tablets and audio accessories, as it prepares to farewell its private equity owner, Anchorage Capital, … Continue reading
(12 August 2014, AFR, p17, Jenny Wiggins) ‘Beleaguered trucking group McAleese has reassured investors its fiscal 2014 results are on track, with the company’s stock soaring 27 per cent after it sold its Liquip tanker business for $65 million. McAleese’s shares rose 12.5¢ to 59.5¢, its highest levels since…’ Read more at AFR.com (might need AFR login access)
(7 August 2014, AFR, online, Amanda Saunders) ‘Rio Tinto is set to boost shareholders returns in the next 12 months after smashing its $US3 billion ($3.2 billion) cost savings target six months ahead of schedule and delivering a stellar profit. Rio Tinto chief financial officer Chris Lynch says the miner will now direct surplus cash to shareholders, after … Continue reading
(29 July 2014, The Age, BusinessDay, p24, Simon Evans) ‘The chief executive and founder of education group Navitas says it’s highly unlikely there will be any nasty surprises among the 25 other university partners for which the company runs pathways colleges as a bridge to university education, after its dumping by Macquarie University.’ <snipped…> ‘Navitas … Continue reading
(29 July 2014, The Age, BusinessDay, p23, Jenny Wiggins) ‘Leighton Holdings has reiterated full year earnings guidance as it reported a 20 per cent fall in first half net profits to $291.3 million and cash flow deterioration amid poor results from key divisions Leighton Contractors and John Holland. Leighton’s cash outflows worsened, weakening to $37 million … Continue reading
(15 March 2014, AFR, p40, Max Mason) ‘Nerves surrounding China’s economic growth coupled with escalating tensions in the Ukraine have pushed the Australian sharemarket to its worst week this year.’ <snipped…> ‘Following the close of the local market on Thursday, a deluge of economic data from China was released, including industrial production, retail sales, and … Continue reading
(22 Feb 2014, AFR, p34, David Bassanese) ‘When it comes to the latest round of corporate earnings reports, no news is good news as far as investors are concerned. And if the “no news” continues, investors might be surprised to know this bodes quite well for the local equity market. How so? It’s because…’ Read more … Continue reading
(19 Feb 2014, The Age, BusinessDay, p35, Max Mason) ‘Keenly awaited profit results are trickling in with early evidence suggesting businesses have seen the bottom of the earnings cycle, but it hasn’t been all rosy for Australian companies. Earnings season is off to a relatively positive start, after about 30 per cent of companies have … Continue reading
(17 Feb 2014, The Age, BusinessDay, p26, Eli Greenblat) ‘Global paints giant Valspar, owner of Wattyl, the No.2 paint brand in Australia, has turned bullish on the local paint market after a sluggish 2013 as armies of weekend do-it-yourself shoppers excited by reality TV shows flood hardware stores armed with colour swatches and renovation dreams. … Continue reading
(12 Feb 2014, The Age, p23, Clancy Yeates, and SMH) ‘Australian bank profits are tipped to receive a further boost from falling bad debt charges in 2014, after ANZ Bank’s quarterly results revealed a significant improvement in credit quality. In the first bank profit update of the calendar year, ANZ today said unaudited cash profits … Continue reading
(5 Nov 2013, The Age, BusinessDay, p19, Eli Greenblat) ‘Coca-Cola Amatil is the latest discretionary business to fall foul of weaker-than-expected consumer demand following the federal election and now expects its full-year earnings to slide by 5 to 7 per cent this year. Shares in the Coca-Cola bottler slid 5 per cent on news of … Continue reading
(3 Sept 2013, AFR, p29, Peter Wells) ‘OK, here’s a change of pace on the reporting season stuff with JPMorgan’s quantitative analysis of the whole shebang. Positive share price reactions outweighed negative ones 3:2, say analysts Berowne Hlavaty and James Eustace. That leads to the conclusion – or more confirmation that reporting season was generally … Continue reading
(2 Sept 2013, AFR, p16, Jenny Wiggins) ‘Mining contractors endured a tough reporting season, with many revealing sharply lower order books and weak cash flow. Even one of the sector’s stars, Monadelphous, which delivered its 12th consecutive year of earnings growth with annual net profit up 24 per cent to $156.3 million, warned that its run of … Continue reading
(2 Sept 2013, AFR, p13, Michael Smith) ‘Corporate Australia is preparing for a return to earnings growth for the first time in two years but any gains will be tempered by a high degree of caution as companies focus on cost cuts and abandon acquisitions in favour of returning profits to shareholders.’ ‘Key brokerages have … Continue reading
(21 August 2013, AFR, p14, Luke Forrestal) Monadelphous warns the end is nigh for its 12-year dream run ‘Mining services companies Monadelphous Group and Macmahon Holdings have been sold off heavily by investors after both warning that visibility on revenues for this financial year remains limited due to the mining industry’s new found reluctance to … Continue reading
(13 August 2013, The Age, BusinessDay, p23, Eli Greenblat) ‘Strong and sustained sales momentum that took hold after Christmas has helped JB Hi-Fi defy the general downturn across the retail sector to post its first full-year profit growth in three years. The raised profit, up 11.2 per cent to $116.4 million, was held back slightly … Continue reading
(24 May 2013, The Age, BusinessDay, p25, ) ‘James Hardie expects no big improvement in the housing market this year but says the sector has stabilised after interest rate cuts. Chief executive Louis Gries said the building products maker expected the housing market to be flat to slightly higher.’ Read more at TheAge.com.au
(23 July 2012, The Age, BusinessDay, p3, Gareth Hutchens) ‘SHAREHOLDERS are braced for a poor profit reporting season this year after one of the worst 12 months for Australian companies since the global financial crisis.’ ‘Deteriorating business conditions, including hefty retrenchments, weak consumer sentiment, household deleveraging and a high dollar are among the reasons why … Continue reading
(3 July 2012, AFR, p33, Jane Searle) ‘A bleak earnings outlook could prompt more restructures and asset sales this reporting season, with companies focusing on their core businesses amid low credit growth and also cost pressures.’ ‘Strategists and fund managers say company forecasts have become more realistic after a tough year, with few clear catalysts … Continue reading
Aussie Sharemarket Barometer 