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 [...]
Westpac Banking Corporation (WBC) released its first half-year results for 2024, which came in above market expectations. Shareholders were rewarded for their patience with a special dividend and a large on-market buy-back. Westpac is the second of the big four banks to report [...]
In March, the HNW Australian Equity Portfolio had a weak month down -3.58%, the Portfolio’s first down month since October 2023. Global equity markets fell between -3% and -5% over the month on market views that rapid and deep interest rate cuts this [...]
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