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Rally continues, WiseTech up 50%, BNPL players weaken The ASX200 (ASX: XJO) continued its strong run despite a more mixed performance from those companies reporting today, adding 0.4%. The technology sector was the standout, up 1.9% after WiseTech Global (ASX: WTC) jumped 28.5%. The mining sector also recovered, up 1.4%, as the iron ore price showed signs of stabilising…

Sonic Healthcare Limited (ASX:SHL.) – The global healthcare provider delivered a solid profit result which was a touch above expectations. Net profit rose 149 per cent from the prior year to $1.3 billion in FY21, above an expected $1.285bn. However shares closed the day down 2.76%. Revenue was up 28 per cent from the prior…

Structured products made their way into investment markets a decade ago, but never really grew in popularity. As the name suggests, structured products are a combination of a stock, a bond, an index or a commodity such as gold or oil together with the use of one or more derivative instruments which creates specific payout…

Telecommunications infrastructure builder Uniti Group Ltd (ASX: UWL) share price has jumped 9.67% to $4.31 after the company announced a stellar FY21 result. UWL share price Who is Uniti Group? Uniti is more than just a typical telco business. The company specialises in building fibre networks in new residential and multi-dwelling developments. Uniti also operates as a retail…

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…

ASX higher as travel recovers, Kogan can’t live up to the hype, lockdowns hit Boral The ASX200 finished 0.2% higher on Tuesday, continuing the positive start to the week with energy and materials leading the way, up 2.8% and materials 0.8%. BHP (ASX: BHP) has started to recovery improving 1% as the iron ore price settles. It was a positive…

ASX shakes off sentiment, IT recovery, Charter Hall, Reliance deliver records The ASX200 (ASX: XJO) shook off a rare negative week to open 0.4% higher on Monday. The IT and property sectors, up 1.7 and 0.9% respectively were the key contributors as reporting season continued. Energy remains under pressure with Ampol (ASX: ALD) down 4.8% on a weaker earnings report and…

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…

In a world awash with exchange traded funds and thematic strategies, there is a shrinking group of fund managers willing to be different. In equity markets, being different is best measured against key benchmark indices like the S&P500 or MSCI, using measures like active share or tracking error. Such has been the strength of these…

What a week of ASX Reporting Season! We had the three biggest companies in Australia report FY21 results, each surprising the market in its own way. A pizza retailer was the best performer, a winemaker defied the odds, and everyone’s friendly neighbourhood fund manager disappointed. If you’ve been hiding under a rock, here’s your 5-minute update…

Losing week, iron ore and the economy, Cochlear tanks The ASX200 (ASX: XJO) fell another four points on Friday, capping a full week of lower closes and a loss of 2.2% for the five days. On Friday, it was all about Cochlear (ASX: COH) with the hearing aid manufacturer falling 7.4% despite recording record sales of $1.49 billion and a 54%…

Market falls, unemployment head fake, BHP continues to weaken The ASX200 (ASX: XJO) continued its recent weakness with reporting season a key drag on performance. Global investors continue to digest the BHP Group (ASX: BHP) delisting with the share price falling another 6.4% all but closing the premium to their London listed shares. This is likely a surprise to management who…