Ampol (ALD), Australia's largest energy distributor and retailer and the Portfolio's largest overweight position, released a record full-year profit for 2023 this morning. This saw shareholders rewarded with franked distributions, with all divisions ahead of where they were pre-pandemic. The HNW [...]
Deterra Royalties (DRR): Australia's only iron ore royalty trust and the most boring miner on the ASX released their full year 2023. For DRR, there is minimal scope for surprises on results day as revenue and production data were pre-released, [...]
QBE Insurance (QBE) The global insurer released its full-year 2023 profit results, which showed that the company is managing its business well with few negative surprises, benefiting from positive trends in insurance management discussed throughout the year. The HNW Portfolios have [...]
Charter Hall Retail REIT (CQR), the convenience retail real estate manager, posted strong earnings this morning, demonstrating the resilience of non-discretionary retail sales. The HNW Income Portfolio holds a 4.3% weight to CQR. Operating Earnings Up: Same property income increased by [...]
Wesfarmers (WES): They presented their half-year 2024 profit results, which were better than Atlas' optimistic expectations. What was evident was that WES's businesses are performing well in a consumer slowdown and taking market share from value-conscious consumers. The HNW Equity Portfolio [...]
Arena REIT (ARF): The listed childcare and medical centre owner reported their half-year 2024 results, which, as always, were consistent and steady. One of the key reasons we like ARF is the predictability of company earnings. With 100% occupancy, government [...]
Commonwealth Bank (CBA) reported its half-year results for the 2024 financial year, which were very solid, as expected. Due to the breadth of its lending activities touching every sector, CBA is watched very closely for a read on the broader [...]
CSL (CSL) reported their half-year 2024 profit results, which came in with mixed results but benefitted from stronger plasma collections and a strong USD, which is a positive for Australian investors and one of the reasons why we own the stock. [...]
This morning, JB HI-FI (JBH), the local electronics and home appliance retailer provider, delivered a strong half-year result that was ahead of market expectations despite what was thought to be a tough economic environment. The Portfolios have a 2.5% weight [...]
This morning, Transurban (TCL), the Australian and North American toll road operator, delivered record first-half results with strong revenue growth, traffic levels and profits, not a great surprise if you have been on any of TCL’s toll roads lately . It is [...]
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