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Monday, May 3, 2021
Buffett’s Berkshire the Bellwether Bull
Warren Buffett’s Berkshire Hathaway saw a strong rebound in its operating profit for the March quarter, perhaps the best sign yet of this US reporting season of the growing recovery in the US economy.
Tuesday, May 4, 2021
Prime Minister takes a closer look at JobKeeper’s reimbursement
Premier Investment majority shareholder Solomon Lew overturned his contentious decision not to repay $ 15.6 million in government grants JobKeeper.
This is not an ordinary commodity cycle
Australia is deeply engaged in a commodity price supercycle thanks to continued strength in prices for iron ore, oil and LNG, copper and other key rural commodities.
Cool house prices, but still warm to the touch
The surge in house prices slowed down a bit in April, but still benefited from a strong national increase, as Australian manufacturing activity hit record levels.
Westpac reaches highest level in 16 months with solid results
Westpac shares hit their highest level in 16 months on Monday thanks to strong investor approval for a better-than-expected interim result and dividend payout.
Life is suddenly a bit of a beach for Stokes
Suddenly, Kerry Stokes has a problem in her business empire that won’t be cheap to solve, involving Seven Group Holdings’ 30% or more stake in Australian oil and gas explorer Beach Energy.
Seven West shares drop despite cautious optimism
Seven West Media, 40% owned by Kerry Stokes, posted a cautious upgrade to its March quarter business performance while confirming revenue deals with Google and Facebook.
The advantages of a traditional LIC
Amid the massive boom in listed investment companies (PFRs) and trusts (SAIs) in recent years, there is a lot to be said about the benefits of a “traditional” PFR, such as AFIC.
Wednesday 5 May 2021
Buffett finally names Berkshire successor
The biggest question in world affairs has been settled – who will replace Warren Buffett as head of Berkshire Hathaway.
After China, TWE has another US crack
Life after China continues for Treasury Wine Estates, which continues to sink deeper into the huge US market despite its disappointments over the past decade or more.
CEO split will not prevent AGL from doing the same
Energy group AGL is still heading towards splittsvile despite the loss of its CEO last month, a departure that has seen some analysts say the company’s split may not happen.
Compensate for time lost in locking
Frank Uhlenbruch, Investment Strategist in the Australian Fixed Interest Team at Janus Henderson, presents his Australian economic analysis and market outlook.
Should Infrastructure Investors Be Worried About Inflation? (video)
The recovery of global economies has raised the specter of higher inflation on the track. Trent Koch of First Sentier Investors examines how such an environment could affect listed infrastructure assets.
Shareholders get what they were looking for
The Seek recruiting group confirmed the long-awaited bonus dividend for shareholders and upgraded its outlook based on the performance of its job vacancies business in Australia.
Economic arrows, RBA ready to reassemble the pump
The RBA will keep the key cash rate stable, but has started to scale down its support programs to accommodate the stronger economy.
Super detail shooting on all cylinders
Another solid sales update from Super Retail Group as Australians continue to play with their cars, get out for a bit of exercise, boating or fishing, all while wearing a nice pair of boots.
Thursday, May 6, 2021
Flight center shares southerly direction due to increased casualties
On Tuesday, a very weak business update from Flight Center, Australia’s largest travel company, helped explain the recent loss of traction for the industry.
Calima Energy: ASX’s new oil and gas producer (video)
Calima Energy (ASX: CE1) re-listed this week after the transformational acquisition of Canadian producer Blackspur Oil and a $ 37.9 million capital raise from institutional and retail investors.
The market sells the fact with ANZ
For the ANZ, this looks like a case of ‘news selling’ and profit taking after stocks fell yesterday following a strong rally in intermediate earnings and a higher dividend.
Medibank Private Talks Up Own book
Medibank Private has updated its outlook for fiscal 2021, forecasting higher policy growth and lower than expected net claims costs.
Things on the rise at Amcor
Amcor’s shares rose 2.3% yesterday following an encouraging trade update, reporting a 12% increase in net income to $ 805 million for the nine months ending in March.
Green shoots emerge for dividends
Malcolm Whitten of Tyndall AM believes that as the economy rebounds, dividends should return to previous levels, which would make income generation from income equity funds attractive compared to bonds.
Approvals through the roof
The residential construction boom appears to continue through the end of this year after another record month for approvals in March at $ 15.56 billion seasonally adjusted.
Westpac back in villain’s corner
Two days after a solid interim result, a dividend and encouraging rumors about cost cuts by 2024, Westpac is back in trouble with regulators.
Friday, May 7, 2021
Immutep: a leader in a league alongside the global giants of the pharmaceutical industry (video)
Immutep’s lead product candidate LAG-3Ig (IMM.ASX) is currently in clinical trials as a treatment (in combination with chemotherapy or immune therapy) for various cancer indications.
Not so worshiped now
The shine died out on Thursday, recently listed beauty retailer Adore Beauty after an unconvincing market update as the company’s shares fell nearly 20%.
Middle Child Syndrome
The holy grail of investing shouldn’t be to buy an OK business cheaply, but to buy a great one at the right price. Tom Stevenson of Fidelity shares some thoughts on how to do this.
Wax melts on Appen’s wings, Nearmap
Two high-tech, high-tech stocks came back to earth with a thud on Thursday, with Appen and Nearmap both seeing 20% plus a drop in their stock prices; one a little mysterious, the other for good reason.
Market Nonplus on the NAB result
Much like how they greeted ANZ’s strong earnings, investors gave NAB shares a good blow yesterday despite higher interim earnings and higher dividend.
JB Hi-Fi upgrade gets Lo-Fi reaction
A cautious reaction to a strong business update from the nation’s largest electronics and white goods retailer, JB Hi-Fi, which says it continues to receive strong customer demand.
New Covid outbreak drops Qantas shares to 3-month low
A win and a loss for Qantas yesterday, but new Covid cases in Sydney provided the spark that sent shares to a nearly three-month low.