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 [...]
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 [...]
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