Those of you that have been watching Kogan’s (ASX:KGN) share price since the first lockdown came into effect last March 2020 – Stage 1, will have seen the online electronics retailer enjoy a 500% share price rise from $4.15 (March 2020) to $25.57 (October 2020). It all came on the back of Covid-19’s ongoing havoc…
16-20 August 2021 What we think… Locally, reporting season shifts into fifth gear and enters its second last week of reporting season. According to FN Arena, 128 companies have reported with 39.1% (50) beats, 41.4% (53) in line and 19.5% (25) misses. Overall, 80.5% of companies were able to post a profit result that was…
Property group Home Consortium (ASX: HMC), or HomeCo for short, will soon list its new healthcare real estate investment trust (REIT), called HealthCo Healthcare and Wellness REIT (ASX: HCW) on the ASX, raising $650 million. It is another major step from the renowned management team, which floated the original business at a time that many…
The National Australia Bank (ASX:NAB) posted its third-quarter trading update, which was better than expected, supported by its home loans and business lending units. The bank is clearly accelerating towards second place in the Big Four, behind the clear leader, Commonwealth Bank. NAB posted an unaudited cash earnings increase of 10.3 percent to $1.7 billion…
The team at Insync Funds Management has a knack of identifying and assessing disruptors and global ‘megatrends,’ and then building a portfolio of the most profitable and innovative companies that become the winners of tomorrow. The current pace of disruption is extraordinary, and has continued during the coronavirus. Significant demographic changes are converging with the…
CSL (ASX:CSL) delivered a robust earnings result with profit up 10 per cent to US$2.375 billion ($3.3 billion), which was a slight beat on a consensus earnings expectation of US$2.33 billion ($3.2 billion). The strong result reflected CSL’s resilience and agility during the COVID-19 pandemic, through which it has been able to record strong growth…
Antipodes Global Investment Company (ASX: APL) has announced a scheme of arrangement to allow shareholders to hand in their shares in the APL listed investment company (LIC) for units in a new exchange-traded fund (ETF), Antipodes Global Shares (ASX: AGX1). The decision comes after years of the LIC trading at a discount to its net…
Australia’s largest bank, the Commonwealth Bank of Australia (ASX:CBA), has posted a massive $8.65 billion cash profit for FY21, up 20%, together with a $6 billion share buyback and an increase in its final dividend. Including CBA’s discontinued operations such as CFS Asset Management, the profit was $10.18 billion. The bank increased its final dividend…
Blackmore Capital Equity Investors, known for its ability to pick high-quality investment opportunities for the long term, recently discussed reporting season and changes it has made to its portfolio to capture upside potential. The Australian market has been hitting record highs supported by a better-than-expected recovery in company profits. Blackmore Capital says: “the S&P/ASX 200…
So far 2021 has been a standout year for initial public offerings (IPOs). With 103 listings already having joined the ASX lists, there are 22 in the pipeline until the end of September. The best-performing sectors have been health and life sciences, averaging 27% gain per listing. In second place are resources listings which on…
