Portfolio Update

Reporting Season – Woodside Energy Group

This morning, Woodside (WDS) reported their full-year 2023 results, which came in with few surprises with the company providing production guidance in January and mercifully walking away from merger discussions with Santos, which would have seen Woodside shareholders funding Santos’ inferior growth [...]

2024-02-28T09:54:07+11:00February 27, 2024|

Reporting Season – Medibank Private

Medibank Private (MPL): This morning, Australia's largest health insurer reported their half-year 2024 results, which were messy due to the write-back of provisions taken in 2020 relating to an expected surge in claims from the CV-19. This inflated the headline profits [...]

2024-02-23T12:52:45+11:00February 22, 2024|

Reporting Season – Mineral Resources

Mineral Resources (MIN): This morning, the diversified miner and mining services company reported their first half of 2024 results, which were far better than lithium competitors and showed the advantage of MIN's diversified strategy. The HNW Equity Portfolio holds a 2.5% [...]

2024-02-23T12:53:53+11:00February 22, 2024|

Reporting Season – The Lotteries Corporation

The Lotteries Corp (TLC), Australia's largest lottery operator, released their half-year results for 2024 this morning, demonstrating that the house (and investors in TLC) always wins. The Atlas Growth Portfolio has a 3% weight and the Income a 3.5% weight [...]

2024-02-23T12:51:06+11:00February 21, 2024|

Portfolio Update – ANZ-Suncorp Merger Approved by ACCC

ANZ/SUN Marital Background: In July 2022, Suncorp announced that they had come to an agreement to sell the Suncorp Bank to ANZ, conduct a $3-3.50 capital return to shareholders and become a pureplay insurer. Atlas saw this as a win-win [...]

2024-02-23T13:01:41+11:00February 20, 2024|

Reporting Season – Lendlease

 Lendlease (LLC), the multinational construction and asset management company, reported this morning with mixed results today, with this being their second year of changing the business to an investment-led company from a construction-led company. The HNW Equity Portfolio only has a [...]

2024-02-23T12:59:01+11:00February 19, 2024|

Quarter Update – Westpac Banking Corporation

This morning, Westpac Banking Corporation (WBC) provided a first-quarter update. We usually don't comment on trading updates as they are too volatile and can give a misleading picture, both positive and negative, but today's share price move warrants a brief note. The HNW Equity [...]

2024-02-23T12:57:29+11:00February 19, 2024|
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