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 [...]
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 [...]
Macquarie Group (MQG): This morning, the global investment bank reported its full-year results for 2024, which were solid despite the half having much fewer investment banking deals and volatility in the marketplace. HNW Growth has a 6% weight, with HNW Income [...]
This morning, Bapcor (BAP), Australia's largest vehicle parts, accessories, and equipment provider, provided a trading update for its third quarter, which was poorly received by the market. The HNW Growth Portfolio only has a 2.5% weight to Bapcor. Key Points: Retail Sales [...]
In March, the HNW Australian Equity Portfolio finished strongly to gain +3.30%, marginally ahead of the ASX200 TR +3.27%. Global markets were stronger on views that there would not be a hard landing in Australia and the US. The ASX appeared to [...]
In February, the HNW Australian Equity Portfolio had a pleasing month and a solid reporting season, gaining +1.67% and ahead of the ASX200 TR +0.79% Over the month, positions in Wesfarmers (+16%), Mineral Resources (+11%), Suncorp (+10%), Ampol (+8%), QBE (+9%) and [...]
Atlas Arteria (ALX) This morning, the Transurban of Eastern France, Atlas Arteria, released their full-year 2023 results. Similar to Transurban, given the regular traffic and revenue updates, there were few surprises, and the result showed the resilience of ALX's business. The [...]
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 [...]
Suncorp (SUN): this morning, the Queensland-based insurer and bank operator delivered a mixed first-half result for 2024—strong performance from general insurance, weak in the bank, which is no longer an issue. The HNW Portfolios have a 2.5% weight to SUN. Key [...]
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