NewsBite

Results wrap

February

Leah Weckert, Coles

What we learnt: Coles is thumping Woolies. Does a price war loom?

It was a case of duopolies at war on Thursday, with Coles toppling Woolworths and Medibank Private revealing much better numbers than Ramsay Health Care.

Woolworths chief executive Amanda Bardwell is facing a crisis of confidence in the stock.

What we learnt: ‘Not investible’: Woolies risks crisis of confidence

Big cost cuts at Woolworths couldn’t turn investor sentiment around, Flight Centre loses altitude and Westfield owner Scentre eyes a housing play.

Viva Energy, run by Scott Wyatt, is having a big year.

An inconvenient truth delivers profit season’s biggest beating

Who said the ASX was full of boring industrial companies? Tuesday’s moves suggested anything but.

The risk/reward trade-off on equity markets is very poor right now, with the equity risk premiums near historic lows.

What we learnt: Behind the massive share price moves on manic Monday

Investors were brutal in their earnings assessments, leaving nowhere for the disappointers to hide.

What we learnt: Telstra’s mobile dominance is making investors say OMG

Telstra gets its balancing act right, Wesfarmers deregulates itself, Transurban goes for growth and Fortescue struggles to get its shiny project up and running.

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Why do the banks still quote these average standard variable rates that look so high? Because they like the lack of transparency.

What we learnt: NAB’s plunge could be the start of the bank correction

Investors have been trying to figure out what would cause surging banks to come back to earth. We may have just found the catalyst.

Bank hybrids have typically paid investors 3 per cent to 4 per cent above bank bills.

What we learnt: The ASX giants sweating on rate cuts

Dexus, Challenger and Judo Bank are hoping for a boost from rate cuts, while HMC Capital has plenty of balls in the air.

Shareholders will back growth stories, but only if they trust management can deliver them.

What we learnt: Investors just handed out the biggest beating of profit season

Bendigo Bank takes a beating after its asset binge, BlueScope frets about China’s health and Lendlease puts its house in order.

The tone set at the top of our banks has been shown to have been too focused on profits.

What we learnt: This is what’s behind the blue-chip battering

It was sell first, ask questions later on Thursday as some ASX big names were dumped. Why? It’s all about the outlook.

AGL Energy’s biggest shareholder MIke Cannon-Brookes wins as the company picks up more Tesla drivers.

What we learnt: Donald who? AGL’s $1b battery bet and love for EVs get thumbs up

AGL still loves electric vehicles, Suncorp’s profit jump might be too big for its own good, and is CBA’s balance sheet beyond reproach?

CSL boss Paul McKenzie wants to be Mr Consistency.

What we learnt: The ASX giant that can’t excite investors

CSL consistency isn’t winning over investors, Ryan Stokes explains the new dump truck dance, and Macquarie’s return on equity puzzler.

JB Hi-Fi shares just keep going up.

What we learnt: Why market darlings JB Hi-Fi and Carsales got hammered

A couple of ASX darlings and a comeback story have grabbed our attention as earnings season ramps up. Profits are good but what does it mean for the RBA meeting?

August 2024

Perpetual chief executive Rob Adams handed down his final result as the fund manager’s CEO.

Perpetual ready to sprinkle riches; red flags at Cettire

Wesfarmers and Qantas headlined the final Thursday of earnings season, but it was Perpetual and Cettire’s results that caught our eye.

Former AFL chief executive Gillon McLachlan has come out swinging at Tabcorp.

McLachlan just reset Tabcorp’s strategy. It’s smart, but painful

Tabcorp resets investors expectations yet again, Flight Centre’s Graham Turner provides his verdict on airfares, and APA braces for regulatory change.

Guzman y Gomez bosses Hilton Brett and Steven Marks had a big win.

How Guzman y Gomez plans to keep winning over kids – and investors

Guzman y Gomez keeps its real for the kids, BHP takes a swing on IR and Coles steps into the brave new world of AI.

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NIB Holdings CEO Mark Fitzgibbon

Why NIB caught a post-COVID cold

The private health insurer feels the heat on margins, Bendigo & Adelaide Bank gets a grilling on costs and Dan Murphy’s owner Endeavour finds some wins from AI.

Stockland CEO Tarun Gupta signed three institutional investors as capital partners during the financial year.

Why Stockland can’t make apartments stack up

Property giant Stockland says we need to get creative to spark construction, Medibank pushes back on private hospitals and car dealer Eagers waits on the wealth effect.

Elliott Rusanow.

How Scentre came through the Bondi Junction tragedy

Amid a deluge of results, it was a story about something much more than money that moved us here at Chanticleer.

Property giant Dexus has tweaked its dividend ratio so it has more capital available to move quickly if an opportunity presents itself.

Dexus’ big move and the other result that caught our eye

Dexus gives itself more wriggle room, Reliance Worldwide gets investor hearts racing, and Vicinity Centres goes further upmarket.

Lendlease chief executive Tony Lombardo’s strategy reset for the property giant is off to a solid start.

Lendlease’s calm after the storm heads Monday’s results highlights

A few months is a long time for a CEO – just ask Lendlease, Suncorp or Ampol, businesses changing rapidly. Here is Chanticleer’s take on the day’s earnings calls.

Original URL: https://www.afr.com/topic/results-wrap-6gw2