This morning the August 2024 reporting season kicked off with for us. Transurban (TCL), the Australian and North American toll road operator, delivered a record full-year results with strong revenue growth, traffic levels and profits. It is amazing that in 2020, some [...]
In July, the HNW Australian Equity Portfolio had a pleasing month on both an absolute and relative basis posting a +4.64% gain ahead of the ASX200 TR +4.19%. The key news over the month was the weaker Australian Dollar (which helped our [...]
Mineral Resources (MIN): This morning, the diversified miner and mining services company reported their Q4 2024 earnings update, which was ahead of market expectations in both lithium production and debt reduction. Normally we don’t comment on quarterly production results as they [...]
Incitec Pivot (IPL) Today, the global fertiliser and explosives manufacturer, provided an update on its fertiliser business sale and capital management plan. The HNW Growth and Income Portfolios hold a 3% weighting to IPL. Key Points: Conclusion of Sale Process (for now): IPL [...]
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 [...]
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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.
