Evidence builds for Telstra thesis
As an investment, Telstra doesn't need to be complicated. And the full year results add evidence to that thesis.
Commonwealth profit bolsters bulls, encourages bears
Investors have cast a decisive vote that the worst is over for Australia's banks. We hope they're right; we fear they're wrong.
12 Aug 09 - Reporting wrap
Two of Australia’s largest companies – Commonwealth Bank and BHP Billiton – reported their results today, along with several other entities.
11 Aug 09 - Reporting wrap
Today saw a profit update from Flight Centre as well as a report from one of our favourite blue chips, Cochlear, among a number of others.
Ho-hum on Flight Centre's ascent
In Gareth Brown’s absence, James Greenhalgh has taken a look at Flight Centre’s result update. And he’s wondering why the market got all excited.
Goodman's great escape
Goodman Group’s $1.8bn recapitalisation is music to the ears of Goodman PLUS owners. Does it also present an opportunity to buy into the ordinary securities?
10 Aug 09 - Reporting wrap
Today yielded several interesting announcements, including a profit report and capital raising from Bendigo and Adelaide Bank.
Discounting Seven for Stokes
‘Don’t get emotional about stocks’ counselled Gordon Gecko in the movie <i>Wall Street</i>. He was right, but that’s no mean feat when you’re talking about one of Australia’s most enigmatic and frustrating corporate raiders, Kerry Stokes.
ASX prepares for the onslaught
More than a year after we broached the threat of competition for ASX, it remains just that – a threat. But, while competition is probably inevitable, it’s unlikely to decimate the company’s business.
Slow and steady wins for Westfield
Westfield has earned its reputation as the ‘best in the business’. Though billion-dollar losses will grace its scorecard in 2009, its competitive advantage remains firmly intact.
Where to now for the big banks?
A little over three months ago, we published a key piece of research on the big banks. In this review, we reflect on the price movements so far and survey the scene for early signs on whether our fundamental call might ultimately prove to be wrong, or right.
Elders shareholders raise a toast: To Malcolm!
The situation is improving for Elders shareholders. The company is not out of the woods yet, but its CEO deserves recognition and praise for his progress so far.
Premium Investors slims down
Roll up, roll up, to the great LIC liquidation. Our first candidate is Premium Investors, which is set to perform the amazing feat of shrinking to one-fifth of its original size.
Weighing up Macquarie Group
The group's recent annual meeting raised a number of small red flags, but they must be weighed against the broader outlook and current share price, which is not particularly demanding.
Stokes stalks Consolidated Media
The media has had fun speculating about Kerry Stokes’s raid on James Packer’s media investment company. Having followed the stock for some time, we've been pondering the likely end game and its implications for investors.
Servcorp tastes the Big Apple
The recession and the company’s expansion plans are set to chew up a chunk of Servcorp’s cash pile. Profits are also destined to fall, but this is a stronger business than ever.
An opportunity in Australand's ASSETS
Ordinary Australand securityholders have been diluted twice within a year. But on the flipside, that’s provided holders of its ASSETS income security with two extra layers of protection.
Good riddance to the 'Macquarie model'
The recent Macquarie Airports highlights the vulnerability of one part of Macquarie's business and the strength and diversity of the rest of its operations.
Call 1300 880 160
Start a chat
Schedule a call
