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 [...]
This morning, Westpac Banking Corporation (WBC) provided a first-quarter update, which came in above market expectations. We usually don't comment on trading updates as they are too volatile and can give a misleading picture, both positive and negative, but today's share price [...]
This morning, Ampol (ALD), Australia's largest energy distributor and retailer, released strong first-half results. The result shows that ALD’s various businesses are all performing well (see below table), with most divisions ahead of where they were pre-pandemic. The HNW Portfolios have a [...]
This morning, Suncorp (SUN), the Queensland-based insurer and bank operator, delivered a strong result, continuing its strong performance from the first half. The HNW Portfolios have a 3% weight to SUN. Key Points: Record Profits: Suncorp has continued to grow profits through [...]
Charter Hall Retail (CQR): this morning, the supermarket landlord reported their full-year results for 2024, which were better than expected and head of rival RGN. Though generally, there should be minimal excitement on results day for this very boring and [...]
Amcor (AMC) This morning, the world's largest consumer packaging company announced its results for the full year of 2024, which was pleasing to see the business return to volume growth after several quarters of destocking from customers such as Pepsi and [...]
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