Portfolio Update

Wesfarmers (WES): presented their full year 2023 profit results, which were better than Atlas' optimistic expectations. What was evident was that WES' businesses are performing well in a consumer slowdown and taking market share. The HNW Core Portfolio has a 4.4% [...]

Medibank Private (MPL): This morning, Australia's largest health insurer reported their full year 2023 results, which showed record profits and the company recovering from the dark days of the cyber hack in late 2022 that saw the share price fall of [...]

The Lotteries Corp (TLC), Australia's largest lottery operator, released their full-year results this morning, demonstrating that the house always wins. The HNW Core Portfolio has a 3% weight & the Income has a 4% weight to TLC. Key Points: Profits [...]

Woodside (WDS) released their half-year 2023 results this morning. These financial results were outstanding, reflecting excellent operational performance,  new assets, and strong demand for LNG in North Asia. The HNW Portfolios have a 7.7% weight to WDS. Record Profits: Net profits of [...]

Amcor (AMC) This morning, the world's largest consumer packaging company announced their results for the full year of 2023, which came in below market consensus due to a more challenging macroeconomic environment. The Core Portfolio has a 4.8% weight, with the Income [...]

Sonic Healthcare (SHL). This morning global pathology company SHL reported their full year of 2023 profit results, which came in below market expectations. These were an eagerly awaited set of results and the first to show a slowing down of PCR [...]

Yesterday morning Transurban Group (TCL), the Australian and North American toll road operator, delivered record results with strong growth in revenues, traffic levels and profits. It is amazing that in 2020 some "experts" were calling toll roads stranded assets, with [...]

Deterra Royalties (DRR): Australia's only iron ore royalty trust and the most boring miner on the ASX released their full year 2023. For DRR, there is minimal scope for surprises on results day as revenue and production data were pre-released, and the [...]

Region Group (RGN): This morning, shopping centre landlord RGN released their results for 2023, the company's results were largely inline with expectations, though revealed higher expense and higher interest costs. The Core Portfolio has a 2% weight to RGN, with the Income [...]

Charter Hall Retail REIT (CQR), the convenience retail real estate manager, posted strong earnings this morning, demonstrating the resilience of retail operators in Australia. The HNW Income has a 3.5% weight to CQR.   Strong Operating Earnings: Operating earnings increased [...]