Portfolio Update

Wesfarmers (WES): presented their full-year 2024 results, which demonstrated that WES' businesses are performing well in a consumer slowdown and taking market share. The HNW Portfolios have a 4% weight to WES. Key Points: Record Profits: Earnings increased by 3.7%, to $2.6 [...]

Mineral Resources (MIN): This morning, the diversified miner and mining services company reported their full year 2024 results, which were below market expectations given the current lithium and iron ore prices. The HNW Portfolios hold a 2% weight to MIN. Key [...]

This morning, Woodside (WDS) reported their half-year 2024 results, which came in above market expectations, helped by strong production at their new Sangomar project in Senegal. The HNW Growth portfolio has a 5% allocation to WDS, while the Income Portfolio has a [...]

Sonic Healthcare (SHL). This morning, global pathology company SHL reported their 2024 profit results, which were in line with expectations. The HNW Growth Portfolio has a 2% weight to Sonic. Key Points: Profits: Full profits were down to $511 million as very high-margin [...]

This morning, Whitehaven Coal (WHC) provided their full-year results following the transformational year in which they took ownership of two metallurgical coal mines from BHP. The HNW Growth Portfolio currently holds a 3% weight in WHC, but in light of today’s result [...]

Medibank Private (MPL): This morning, Australia's largest health insurer reported its full-year 2024 results, which showed MPL's disciplined approach to volume growth, which was an excellent result overall from MPL. The HNW Portfolios currently hold a 3% weight in MPL. Key Points: [...]

This morning, Bapcor (BAP), Australia's largest vehicle parts, accessories and equipment provider, reported results that had no new surprises as they provided a trading update in May. The HNW Growth Portfolio has a 2% weight to Bapcor. Key Points: Profits Down: Net profit [...]

The Lotteries Corp (TLC), Australia's largest lottery operator, released full year results for 2024 this morning, demonstrating that the house (and investors in TLC) always wins. The HNW Portfolios have a 3% weight to TLC. Key Points: Profits Up Strongly: TLC [...]

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 [...]

Lendlease (LLC), the multinational construction and asset management company, reported their full year results for 2024. There were few surprises with the result pre-announced, along with their exit from international construction. The HNW Growth Portfolio holds a 2% weight to LLC [...]