ASX Announcements
Market Sensitive
NCK Freight and customs agent operational issues
Profit Guidance, Progress Report, Company Administration - Other
- Nov 20, 2024
- 1 page
Notice of change of interests of substantial holder from MFG
Change in substantial holding
- Nov 8, 2024
- 4 pages
Notice of change of interests of substantial holder from MFG
Change in substantial holding
- Oct 24, 2024
- 4 pages
November
- Updated
- Retail
Freight collapse leaves Nick Scali furniture stranded, profits at risk
The failure of Lion Global Forwarding meant 200 containers were stuck at port, with the retailer warning for the second time in a month of an earnings hit.
- Updated
- Carrie LaFrenz
October
- Updated
- AGM season
Nick Scali warns on profits as shipping costs jump five-fold
The furniture retailer says it is on track for lower earnings, largely due to higher freight costs. But investors are bullish as the number of orders rises.
- Updated
- Carrie LaFrenz
Turnaround tale Freedom Furniture back on the deals circuit
Sources said Callard would lead the sale preparations in-house, for now, adding that the process would get under way later this year or early 2025.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September
Nick Scali wants to conquer Britain. Does it stand a chance?
The ASX-listed furniture retailer has made a big bet on the United Kingdom, where plenty of big Australian companies have come unstuck.
- Hans van Leeuwen and Carrie LaFrenz
August
- Updated
- Earnings season
‘People have more money, but we have not seen it’: Nick Scali CEO
The retailer has recorded a slide in sales as shoppers stay away from big-ticket purchases.
- Updated
- Carrie LaFrenz
July
Shipping crises ‘spanner in works’ for inflation fight
Australian consumers and retailers are facing long delays and higher prices for goods from Europe and Asia amid an international shipping crisis that could stoke local inflation.
- Tom Rabe and Jenny Wiggins
Meet the fund manager doing it better than everyone else
In a market completely saturated with Aussie equity funds, Robert Gregory, a one-man band, has come out on top thanks to some cracking stock bets.
- Sarah Jones
June
Retailers have bigger worries than possible interest rate rise
Nick Scali and Harvey Norman say they are getting squeezed from all directions. A rate rise would add to their woes but other costs are doing more damage.
- Carrie LaFrenz and James Eyers
Wilson’s Oberg is tipping 50pc upside in this small-cap stock
Wilson Assets Management’s Oscar Oberg is bullish on Iress even as its share price has tanked. He also like G8 Education and reveals why he is looking to buy up retail stocks again.
- Updated
- Joanne Tran
April
‘Wealth effect’: the stocks that could gain from rising house prices
Jarden highlights its best bets, saying homeowners feeling good about their property appreciation turn to spending more on big-ticket retail items.
- Simon Evans
Inflation rises 1pc; Ex-Star boss probed; Will Musk now deliver?
Read everything that’s happened in the news so far today.
Nick Scali mounts UK push, realising long-held dream
The Australian furniture retailer flagged an equity raising to fund deal and further invest in its new British business.
- Carrie LaFrenz
Nick Scali to launch equity raising for UK foray; Macquarie on ticket
Nick Scali will pay £2 ($3.82) for Fabb Furniture, funded by a $46 million underwritten institutional placement.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
‘Substantial’ risk to GDP growth as firms destock
A surprise fall in inventories could shave 1 percentage point off GDP growth and raises the possibility the economy contracted in December for the first time since the pandemic downturn.
- Updated
- Michael Read
February
- Opinion
- Chanticleer
Economists and investors are deeply divided – it may not end well
Investors pricing in tomorrow’s good news today may need to prepare for a test of faith, Barrenjoey’s Jo Masters says.
- James Thomson
- Opinion
- Chanticleer
Why a 20pc miss on profits sent JB Hi-Fi’s shares soaring
Sales running below inflation and profit down 20 per cent? No worries, that’s fresh record high stuff at JB Hi-Fi.
- Anthony Macdonald
Rate cuts on ice | Stocks fly after big profits | Why beer is so expensive
This week James and Anthony dissect the RBA’s historic moment, tell you what to expect from reporting season and try to answer a crucial question for the nation: why beer is so expensive.
Retail stocks nail the soft landing, lighting a fire under shares
The ASX’s retailers are the early earnings season winners, smashing dire predictions about the financial health of Australian consumers and the economy.
- Joshua Peach and Joanne Tran
Not much needs to go right for retailers to jump: Bennelong
Fund manager Doug Macphillamy is keeping a close eye on the out of favour consumer sector this reporting season and names an auto parts business that he thinks is cheap.
- Joanne Tran
Mall values to fall before growth in 2025: Region Group boss
The country’s biggest owner of small suburban malls says it is ahead of peers in terms of reporting “realistic” asset values.
- Larry Schlesinger