In November the HNW Australian Equity Portfolio gained +5.24% slightly ahead of the benchmark’s return of +5.03%. Global markets (except for China) rallied over the month on the sentiment that interest rate rises had probably come to an end and that cuts in 2024 were on [...]
Incitec Pivot (IPL) Today, the global fertiliser and explosives manufacturer, reported their full year 2023 results, which were in line with expectations and full of capital management initiatives. The HNW Equity & Income Portfolios hold a 3% weighting to IPL. Key [...]
In October the HNW Australian Equity Portfolio declined by -4.78%, behind the index’s return of -3.78% in a market dominated by geopolitical concerns and higher interest rates rather than company specific news, despite many companies giving positive trading updates at their AGMs https://atlasfunds.com.au/october-trading-updates/ . [...]
Janus Henderson (JHG) This morning, the global fund manager presented their third quarter 2023 results, which were better than expectations, but the big news was plans to delist from the ASX and focus on the NYSE. The HNW Equity and Income [...]
In September, the HNW Australian Equity Portfolio declined by -2.36%, ahead of the index return of -2.84%. Stock movements over the month had nothing to do with company fundamentals, but rather macroeconomic concerns around higher interest rates and oil price which saw global [...]
In August, the HNW Core Aust Equity Portfolio declined -0.75%, matching the ASX200TR return of -0.73%. This was a frustrating outcome as, in general, Atlas was pleased with the August reporting season with the companies we own navigating the economy better than [...]
Atlas Arteria (ALX) This morning, the Transurban of Eastern France, Atlas Arteria, released their half-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 and [...]
Mineral Resources (MIN): This morning, the diversified miner and mining services company reported their full year 2023 results, which were very strong and ahead of expectations, though it took the market some time to digest the numbers—possibly the best result of [...]
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 [...]
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In the spirit of reconciliation, HNW Nexus acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea, and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
