Yesterday morning JB HI-FI (JBH), the local electronics and home appliance retailer provider, delivered a strong full year result despite what was thought to be a tough economic environment. The core and income Portfolios have a 3% weight to JBH. [...]
Arena REIT (ARF): The listed childcare and medical centre owner reported their full year 2023 results which as always were consistent and steady. One of the key reasons we like ARF is the predictability of company earnings with 100% occupancy, [...]
QBE Insurance (QBE) The global insurer released its half-year 2023 profit results, giving details om the positive trends in insurance management and the tailwinds from higher interest rates discussed in the company’s earnings guidance given in July, so there were few [...]
In June 2022 Suncorp announced that they had come to an agreement to sell the Suncorp Bank to ANZ, with SUN conducting a $4-5 per share capital return to shareholders and become a pure play insurer. Atlas saw this as [...]
Dexus Industrial (DXI): the industrial REIT reported their full-year results for 2023 results which had few surprises, unlike CLW, which reported yesterday. The HNW Income Portfolio holds a 3.6% weight to DXI. Key Points: Profits up: Funds from operations up +2% [...]
This morning Suncorp (SUN), the Queensland based insurer and bank operator, delivered a strong result continuing its performance from the first half of the year. The HNW Portfolios have a 2.5% weight to SUN. Key Points: Record Profits: 2023 proved to [...]
Commonwealth Bank (CBA): reported their full-year results for the 2023 financial year, which were very solid, as expected. Due to the breadth of its lending activities touching every sector, CBA is watched very closely for a read on the broader [...]
Woodside (WDS), Australia's largest oil and gas company, announced yesterday morning that it had approved development of its Trion oil field 180km off the north-east coast of Mexico. The HNW Portfolios have a 7% weight to WDS. Key Points: Increased [...]
CSL: This morning, a world's leader in manufacturing medicines from human blood, gave a trading update that came in below market expectations as continued strength in the USD impacted the translation of foreign earnings. The HNW Equity Portfolio holds an 8.5% [...]
Incitec Pivot (IPL) Today, the global fertiliser and explosives manufacturer, reported its first-half 2023 results, which were weaker than sell-side expectations, but ahead of our expectations. HNW Equity and Income Portfolio hold a 3% weighting to IPL. Key Points: Solid Profits: First [...]
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