In June, the HNW Australian Equity Portfolio posted a 1.24% gain ahead of the ASX200 TR +1.01%. This marks the end of a satisfactory 12 months for the portfolio, though underperforming the index due to our caution towards miners. There was minimal [...]
Suncorp (SUN): this morning, Treasurer Jim Chalmers approved ANZ's acquisition of Suncorp Bank. The HNW Portfolio Equity and Income portfolios have a 3% weight to SUN, which is a nice (but unexpected) end-of-year present for our investors. Key points: Background: [...]
Deterra Royalties (DRR): Australia's only iron ore royalty trust and the most boring miner on the ASX announced this morning that have offered to acquire Trident Royalties, a diversified royalty trust based in the UK. The HNW Portfolios currently have a [...]
In May, the HNW Australian Equity Portfolio posted a slight +0.23% gain trailing of the ASX200 TR +0.92%. The two main themes were excitement around artificial intelligence (AI) and tech stocks, along with BHP trying to make the largest and potentially the [...]
This morning, Bapcor (BAP), Australia's largest vehicle parts, accessories, and equipment provider, reported to the market that on Friday, they received a non-binding proposal from Bain Capital. The HNW Equity Portfolio has a 2% weight to BAP. Key Points: Bain [...]
Lendlease (LLC), the multinational construction and asset management company, had a strategy day today, which was well received by the market, with management presenting plans to simplify the business and improve profitability. This was done in response to pressure from unhappy [...]
This morning, global pathology company SHL provided a trading update for their full-year results, which were below market expectations due to higher inflation and currency headwinds. The HNW Equity Portfolio has a 2.5% weight to Sonic. Key Points: Inflation & [...]
Incitec Pivot (IPL) Today, the global fertiliser and explosives manufacturer reported their half-year 2024 results, which were above market expectations and full of capital management initiatives, but as expected, a messy result. Overall a positive result. The HNW Portfolios hold a 3% [...]
This morning, Atlas had a one-on-one call with Bapcor (BAP) management (interim CEO and CFO) following their truant new CEO and their third-quarter trading update, which clarified management strategy and timelines. Key Points: What happened?: In 25 years as an [...]
ANZ Bank (ANZ) released its first half-year results, which came in around market expectations. ANZ is the last of the big four banks to report this season, with CBA to give their third-quarter update on Thursday. Similar to Westpac yesterday, ANZ maintained [...]
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In the spirit of reconciliation, HNW Nexus acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea, and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
