Reporting Season

CSL (CSL) reported their full-year 2024 profit results, which were very solid, benefiting from stronger plasma collections and a strong USD, which is a positive for Australian investors and one of the reasons why we own the stock. The HNW Growth [...]

This morning, JB HI-FI (JBH), the local electronics and home appliance retailer provider, delivered a strong full-year result that was ahead of market expectations despite what was thought to be a tougher economic environment for retailers. The HNW Equity and Income [...]

QBE Insurance (QBE): The global insurer released its first-half 2024 profit results, confirming the continuation of positive trends in the insurance industry, including increasing premiums and lower claims inflation. Overall, a very solid result from QBE and their best result [...]

This morning the August 2024 reporting season kicked off with for us. Transurban (TCL), the Australian and North American toll road operator, delivered a record full-year results with strong revenue growth, traffic levels and profits. It is amazing that in 2020, some [...]

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 & [...]

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 [...]

This morning, Woodside (WDS) reported their full-year 2023 results, which came in with few surprises with the company providing production guidance in January and mercifully walking away from merger discussions with Santos, which would have seen Woodside shareholders funding Santos’ inferior growth [...]

Suncorp (SUN): this morning, the Queensland-based insurer and bank operator delivered a mixed first-half result for 2024—strong performance from general insurance, weak in the bank, which is no longer an issue. The HNW Portfolios have a 2.5% weight to SUN. Key [...]

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 late January. The HNW Equity Portfolio has a 2.5% weight to Bapcor. Key Points: Profits Down: Revenue [...]

Medibank Private (MPL): This morning, Australia's largest health insurer reported their half-year 2024 results, which were messy due to the write-back of provisions taken in 2020 relating to an expected surge in claims from the CV-19. This inflated the headline profits [...]