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2 episodes with metcash
2 episodes with metcash
2 episodes with metcash
2 episodes with metcash
18 episodes with metcash
2 episodes with metcash
9 episodes with metcash
5 episodes with metcash
4 episodes with metcash
"Finance is the lingua franca of business, but judgement is what a director needs." - Mark JohnsonMark Johnson, Chair of HCF and Director of Metcash, Aurecon and Sydney Airport Corporation, shares insights on transitioning from audit to the boardroom, discussing how finance professionals can leverage their expertise while developing the broader business judgement essential for effective governance._____________Follow Podcast Host Richard Conway on LinkedInFollow boardcycle on LinkedInVisit the boardcycle website
Northern Star will put a $5 billion bid across the table to acquire De Grey mining, as the gold price continues to sit near the top of its range. MARKET WRAP: ASX200: up 0.14%, 8,447 GOLD: $2,654 US/oz BITCOIN: $147,889 AUD A $5 billion bid for De Grey Mining by gold giant Northern Star Resources saw De Grey shares lift almost 30% to $1.97, while Northern Star went the other way, down 5.3% to $16.59. IGA operator Metcash lifted 2.2% to $3.19, despite underlying profit down by 5.5% to $134.6 million in first half earnings. Mineral Resources and IGO both up 6.2%. And a mixed day for the banks saw NAB up 0.5% & ANZ up 0.6%, while Commbank and Westpac both went backwards. GQG Partners slid by 14% to $2.02 after receiving a broker downgrade from UBS. Clarity Pharmaceuticals down 6.2% and Regis Healthcare down 3.4% While down more than 1% was Dexus, Charter Hall and Lovisa. CURRENCY UPDATE: AUD/USD: 65.01 US cents AUD/GBP: 51.2 pence AUD/EUR: 61 Euro cents AUD/JPY: 97 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.
The Albanese Government has spent $60 billion more than it has saved, economist Chris Richardson explains the budget data. Plus, Metcash's CEO Doug Jones responds to the Government's new mandatory supermarket code of conduct.See omnystudio.com/listener for privacy information.
This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes. Gold miner deal Metcash results Luna Park sold Drug bust Energy bill trouble Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.
This is the Fear and Greed Afternoon Report - the top five things you need to know today, in just five minutes. Gold miner deal Metcash results Luna Park sold Drug bust Energy bill trouble Support the show: http://fearandgreed.com.auSee omnystudio.com/listener for privacy information.
"You can't be a success in a failed world" - Mark Johnson, Chair, HCF In a world of diverse organisations - listed companies, private companies, NFPs, mutual funds, academic institutions, etc - how do you govern effectively? In this episode Mark Johnson, Chair of HCF and Director of a diverse portfolio of organisations including Aurecon, Goodman, Sydney Airport Corporation and the University of NSW talks about the fundamental similarities in governance across different organisations and the importance of focusing on purpose. _____________ Follow Podcast Host Richard Conway on LinkedIn Follow boardcycle on LinkedIn Visit the boardcycle website
The US election is not far away, so how would a presidency of Donald Trump or Kamala Harris affect the financial markets? MARKET WRAP: ASX200: down 1.66% to 8,205 GOLD: $2,747 US/oz BITCOIN: $100,816 AUD REITs fell, with Lendlease down 2.6% to $6.74, Charter Hall dropped 3.5% to $15.68, and Stockland Group sank 2.4% to $5.24. Mirvac on its update managed to sneak past, shares flat at $2.19. The banks took a hit, with Commbank down 2.2%, NAB losing 2.1%, Westpac 1.8% lower and ANZ off by 0.8% Viva Energy dropped 6.7% on an outlook of softer retail conditions. Metcash fell 6.2%, James Hardie dropped 4.7%, and Mineral Resources down 4.3% A lift in output for mining company Stanmore Resources helped its shares up 3.4%. Escaping losses were Coles, up 0.3%, Graincorp, up 0.8%, and Pilbara Minerals, up 0.7%. CURRENCY UPDATE: AUD/USD: 66.85 US cents AUD/GBP: 51.4 pence AUD/EUR: 61 Euro cents AUD/JPY: 100 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.
Welcome to an audio-led edition of Unmade. Today's edition features one of the highlights of last week's REmade - Retail Media Unmade conference, our leadership panel. If you've been thinking about upgrading to an Unmade membership, this is the perfect time. Your membership includes:* A complimentary ticket to all of Unmade's events, including Unlock (October 31), Compass (across November); HumAIn (2025), and REmade (September 2025).* Member-only content and our paywalled archives;* Your own copy of Media Unmade. Growing pains, data gains, and techy brains: retail media's leaders reflect In today's audio edition, we hear from the retail media leaders in a session which concluded our retail media conference REmade last week.Dan Ferguson, chief marketing officer for Adore Beauty Group, Sarah Minassian, head of retail media at Metcash and Marc Lomas, MD of commerce for GroupM AUNZ shared their views on the surge in retail media and its growing industry impact.The panel presented a unified case that retail media is on a fast track, and with year-on-year expansion, demanding attention, investment - and increased integration across the industry.In the conversation, moderated by REmade's Curator Cat McGinn, Lomas argued “We are rapidly approaching Retail Media 3.0 where it's no longer a separate entity - it's just media, seamlessly integrated across channels and treated the same as other forms of media."Another key takeaway was the need for better collaboration and data sharing between brands, retailers, and tech partners. The message was clear: transparency builds trust, and trust fuels the kind of partnerships that can really scale retail media. Minassian said “It's about having authentic conversations, building trust, and aligning everyone's expertise to move forward at a million miles an hour."The panel doubled down on putting customers first. Whether it's using podcasts or digital channels, keeping customer experience front and centre drives genuine engagement. As Ferguson said, “We listen to our customers. They give us sharp and direct feedback, and it's what drives our decisions. At the start of the pandemic, our audience told us, ‘less of the hard sell,' and we changed our tone of voice accordingly. That kind of customer feedback is what shapes everything we do."On the tech side, integration is key. Metcash is focusing heavily on building the infrastructure needed to enhance its retail media offerings, while Adore Beauty's commitment to leveraging customer data shows just how important tech and data are in taking retail media to the next level.Lomas added: "When you look at the way consumers are starting to shop, younger demos are rekindling the love of the store. The store is a new canvas for innovation, and syncing experiences between online and offline through technology is where retailers can really step in and deliver."And Metcash's Minassian called out the need for more diverse voices at the table to shape the future of the industry, reminding women to apply for roles, even if they don't feel they have the "perfect" experience.* REmade will return in September 2025. Subscribers who become paying members of Unmade now will get a whole year of access to paywalled content and all our events, plus a ticket to the next REmade, Upgrade todayUnmade Index hovers as Nine moves up and Seven moves downDeclines from Ooh Media (down 1.2%) and Seven West Media (down 2.8%) were offset by increases in the valuation of Domain (up 1.5%) and Nine (up 0.4%) to slightly lift the Unmade Index yesterday.The index closed up by 0.2% at 451.6 points.Today's podcast was edited by Abe's Audio. We'll be back with an end-of-week update tomorrow.Have a great day.Toodlepip…Tim BurrowesPublisher - Unmadetim@unmade.media This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.unmade.media/subscribe
The humble agenda quite literally defines how a board will spend its time and what it will, and will not, discuss. In this episode Mark Johnson, Chair of HCF, Director of Aurecon, Goodman, Metcash and Sydney Airport Corporation and Councillor at the University of NSW shares his thoughts on how to get agendas right, and why they are not humble at all. _____________ Follow Podcast Host Richard Conway on LinkedIn Follow boardcycle on LinkedIn Visit the boardcycle website
Rob Murray - former CEO of Lion Nathan, Chairman of the Board at Metcash and ARN. Speaking at our 2017 Culture and Leadership Conference. Register for this year's conference at: https://www.human-synergistics.com.au/conference-2024/
Digital Stratosphere: Digital Transformation, ERP, HCM, and CRM Implementation Best Practices
What happens when an organization spends 2 extra years and $200M more than expected on their ERP implementation? That's what I will be discussing today. #erpimplementation #dynamics365 #d365 #digitaltransformation ORDER MY NEW BOOK: The Final Countdown: https://a.co/d/50cqrCB CONTACT MY TEAM & I: https://www.thirdstage-consulting.com... FOR SPONSORSHIP OPPORTUNITIES: contact@majortom-productions.com
Digital Stratosphere: Digital Transformation, ERP, HCM, and CRM Implementation Best Practices
What happens when an organization spends 2 extra years and $200M more than expected on their ERP implementation? That's what I will be discussing today. #erpimplementation #dynamics365 #d365 #digitaltransformation ORDER MY NEW BOOK: The Final Countdown: https://a.co/d/50cqrCB CONTACT MY TEAM & I: https://www.thirdstage-consulting.com... FOR SPONSORSHIP OPPORTUNITIES: contact@majortom-productions.com
In this week's Monday Market Highlights, Dealer Brendan Larsen covers US CPI data which came in ahead of expectations, along with producer price data which did little to ease concerns around inflation and, along with other data, decreases certainty of a June cut. He discusses the RECS/KPMG employment report and official data out of the UK, and in NZ he looks into the Selected Price Index data for February, which outlined slowing food prices but broadly strong categories elsewhere. In equity news, Brendan covers Metcash's investor day, SkyCity, and Briscoes – which reported a solid FY24 result. This podcast is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a reliable indicator of future performance. Milford is an active fund manager with views and portfolio positions subject to change.
The spotlight shone brightly on the US economy as investors eagerly awaited the release of key economic data this week. The data would shed light on the nation's battle with inflation, a crucial factor influencing both the health of the world's largest economy and the potential actions of the Federal Reserve regarding interest rates in the coming months.In this week's wrap, Grady covers: (0:09): why investors were fixated on the US this week(0:53): conflicting signals between US retail sales and PPI data(2:18): investor optimism despite slight rise in US inflation(2:34): the mining giant sell-off locally as iron ore slumped(3:08): a glimpse of recovery amidst challenges for Myer(5:06): the most traded stocks & ETFs by Bell Direct clients(5:35): economic data to watch next week.
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It was a positive session on Wall Street overnight, with the market turning a corner after a few consecutive losing sessions. with the Dow Jones up 0.2%, the S&P500 up 0.5% and the Nasdaq up 0.6%. European markets also advanced with all major benchmarks closing in the green. What to watch today:The Australian share market is set to open higher this morning, with the SPI futures suggesting a 0.48% rise at the open. In commodities, The price of oil is up 1.3%, just over US$79 per barrel, nearing a four-month high after the Energy Information Administration showed a smaller than expected increase in US weekly crude stocks. Gold is steady, hovering at its record high of US$2,146 an ounce. And iron ore is flat at US$116 per ton, the lowest since late October. BHP's share price may trade lower today as the mining giant's shares are set to trade ex-dividend this morning. Other stocks going ex-dividend today include Rio Tinto (ASX:RIO), South 32 (ASX:S32), Woodside Energy (ASX:WDS) and Viva energy Group (ASX:VEA), just to name a few. Trading Ideas:Bell Potter maintains a speculative buy rating on Clarity Pharmaceuticals (ASX:CU6) and has increased its valuation to $3.90. The buy rating is maintained as CU6 have a clinical advantage over currently marketed PSMA targeted imaging agents. The stock's current share price if $2.85, which implies 36.8% share price growth in a year.And Trading Central has identified a bullish signal on Metcash (ASX:MTS), indicating that the stock price may rise from the close of $3.76 to the range of $3.99-$4.05, on a pattern formed over 16 days, according to the standard principles of technical analysis.
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Docket Strong results for Metcash, esp bottle shops - https://theshout.com.au/strong-half-year-result-for-metcash-liquor/ Crafty Pint's Local Beer Day - https://craftypint.com/news/3307/local-beer-day-join-us-for-a-nationwide-celebration ABV Awards - https://drive.google.com/drive/folders/1ImqjUHmIr9DLsEwRdmEKBRT9S49tMdLO Voting open for GABS Hottest 100 - https://theshout.com.au/voting-open-for-gabs-hottest-100-2/ - Live vote https://gabshottest100.com/au/ ALD IPA - https://www.beerandbrewer.com/pop-up-pub-from-aldi-to-showcase-new-ald-ipa/ Good Drinks Rider Lite removes Electrolyte claim - https://brewsnews.com.au/good-drinks-rider-lite-update/ Is the Craft Beer Boom done - https://www.abc.net.au/news/2023-12-02/craft-beer-industry-under-pressure/103098096 Hendo Reacts HR1 - https://www.tiktok.com/@the_pour_decision/video/7306008916746358018?_r=1&_t=8hnC3cEy6ew HR2 - https://www.facebook.com/photo/?fbid=10160132388767967&set=gm.3616963438577718&idorvanity=2269787796628629 12 questions https://www.facebook.com/groups/bossandthebrewer/posts/1120706429313070/
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The Aussie market had its best day in 2 months. Data out of China showed signs of an economic recovery which boosted the market. All sectors improved on Friday. Qantas was in the spotlight again. Owner of IGA, Metcash rose after its trading update. Looking ahead, the spotlight will be on the US Federal Reserve meeting next week. $3.1B in dividend will be paid out to shareholders in Australia from ASX 200 companies.See omnystudio.com/listener for privacy information.
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On The Australian Investors Podcast '2 Sense' this week, your host and investment adviser Owen Rask is back with financial planner Drew Meredith, CFP (sometimes called "Andrew Deremith, ESQ", depending on the weather) to answer your investing questions, provide their market update and -- of course -- make you laugh. This week, Drew and Owen tackle: Time to bail from the NASDAQ? Yeah, nah... not so fast. Collins Foods (CKF) and Metcash (MTS) pop but tough times ahead? "Rates could still fall in 2023" Drew's five things to be wary of: Floating rates, unlisted valuations, "the return of active", 60/40 portfolios are dead, & value vs. growth Transurban (ASX: TCL) against the free world Educating your partner, spouse, sibling or kids about investing ~~ Resources ~~ Young Finance Professionals Bash - get tickets here! https://events.theinside.network/d/60qfkr/ Rask Events Roadshow: https://www.rask.com.au/road Attend the Wattle event (send us a message): https://wattlepartners.com.au/contact/ ASK A QUESTION HERE Join Owen's Rask Core
Tuesday 27 June 2023 Australia promises more military equipment for Ukraine as the pressure grows on Russian President Vladimir Putin. Also today: Metcash, the supplier to IGA and Mitre 10, says sales are roaring along. Change is afoot in the laser surgery industry in Australia. Why the New Zealand Prime Minister took two planes with him to China Plus, with Ticketek's site crashing due to demand for Taylor Swift tickets, hear Sean's infamous story of the time he met the pop superstar.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.
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Metcash Ltd (ASX: MTS) trades on a big dividend yield, owns impressive brands like IGA, Mitre 10, and more. But can it survive under pressure from Woolworths (ASX:WOW), Coles (ASX:COL) and Aldi? Will Culbert is a portfolio manager at Contact Asset Management. He weighs in on the debate, providing deep insights into why this could be an impressive opportunity. Recorded: 10 May 2023. Take Owen's brand new Value Investor Program, which gives you all the tools and knowledge you need to invest successfully in companies, including valuation spreadsheets, investing checklists and ASX company case studies. Alternatively, why not take Owen's FREE investor bootcamp: bit.ly/rask-analyst Make Owen smile
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– What about Metcash? – A better sharemarket game? – Should I go to company AGMs – Is ‘scuttlebutt' investing dead? – Do you regret not buying mining stocks?See omnystudio.com/listener for privacy information.
The local market's green run came to an end today in a muted session as the key index closed just 0.03% lower. A sharp sell-off in materials and utilities stocks offset strong gains among consumer staples and healthcare stocks today. As recession fears increasingly dominate market sentiment, sectors like consumer staples and health care are remaining resilient as these companies traditionally remain strong during a recessionary environment.Tech retail specialist JB Hi-Fi (ASX:JBH) released Q2 sales results and preliminary half year 2023 results including record sales of $5.28 billion and record earnings of $479.2 million for HY23. The strong performance follows continued elevated consumer demand and operating conditions starting to normalise following two-years of COVID related disruptions. Shares in JB Hi-Fi rallied in morning trade before retreating amid the broader market sell-off today.Hub24 (ASX:HUB) shares were sold off on Tuesday after the wealth management technology firm released a Q2 update including net inflows for the quarter broadly flat on Q1 but dropping 23.6% to $5.8 billion from record inflows achieved in Q2 of FY22, and down 13.6% for the first half of FY23.The winning stocks from today's session were Novonix (ASX:NVX) adding 5.5%, Metcash (ASX:MTS) jumping 2.74% and Johns Lyng Group (ASX:JLG) rallying 2.71%. And on the losing end of the market Imugene (ASX:IMU) tumbling 5.88%, while Capricorn Metals (ASX:CMM) and Regis Resources (ASX:RRL) each fell 5.6 and 4.8% respectively.The most traded stocks by Bell Direct clients today were ANZ (ASX:ANZ), Macquarie Group (ASX:MQG) and Telstra Group (ASX:TLS).On the commodities front, oil is trading lower again around US$79/barrel as recession fears continue dominating global market sentiment, while iron ore is also trading sharply lower by more than 4% at US$121.50/tonne as China attempts to cool demand outlook of the commodity. Gold is also down almost 0.4% today at US$1910.58/ounce and coal is only slightly lower at US$370/tonne. Goldman Sachs researchers have said commodities have the strongest outlook of any asset class in 2023 given the perfect macroeconomic environment with critically low inventories for almost every key raw material against surging demand. The year has started with a pullback in prices due to warm weather shock and rising interest rates, however with China coming back online, the yearly outlook for commodity prices is looking up.Westpac Consumer Confidence data released today showed Aussie confidence rose 5% to 84.3 points for January, which well exceeded market forecasts of a 2.3% decline.The Australian dollar is buying US$0.70, 89.75 Japanese Yen, 57 British Pence, and NZ$1.09.
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Gaurav Sodhi from Intelligent Investor and Mathan Somasundaram from Deep Data Analytics go in-depth and stock specific. Stocks covered: NST, NEC, SFR, CLX, NHC, NCK, LOV, CCX, EWC, SCL. The stock of the day is Metcash. Hosted on Acast. See acast.com/privacy for more information.
Metcash, the distributor for IGA supermarkets, has seen its sales jump nearly 9% over the last few months as Aussies continue to shop local post-lockdown. Kellogg's is looking to spread its wings into a new cereal category named 'just-add-water'. EY, the professional services firm, is having its partners vote on whether to split the global company in two - and this could have big ramifications for the entire industry. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance --- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.
Welcome back to Hire Potential with Indeed. In this week's episode, we talk with Cristina Hawkins—Senior Manager, Organisation Development—Culture, Engagement, Diversity & Inclusion at Metcash about the importance of D&I policy to the culture of your team.Discover more:Download Indeed's new 2022 Diversity & Inclusion Report: https://indeedhi.re/37l3H02Follow Indeed on LinkedIn: bit.ly/3pXSxDo Follow Indeed on Twitter: https://bit.ly/3vKvVY7Follow our producers, The Peers Project: http://bit.ly/3adVmYGSources: Indeed is the world's #1 job site according to Comscore, Total Visits, January 2022.Sources: Over 250 million unique visitors every month, Google Analytics, Unique Visitors, February 2020.Sources: The research in the report referenced in this episode was commissioned by That Comms Co. on behalf of Indeed and conducted by YouGov. The study was conducted online between 11 - 17 January 2022, involving 2,076 participants. Hosted on Acast. See acast.com/privacy for more information.
This week we cover the US non-manufacturing ISM index, last Friday's European Central Bank meeting, the new UK energy policy, Tyro Payments, Nuix, and Metcash. This market highlight is proudly brought to you by Milford https://milfordasset.com.au/ Join the XY platform: App Store: http://co.xyadviser.com/xyistore Google Play: http://co.xyadviser.com/xygplay Desktop: https://www.xyadviser.com/ General Disclaimer – https://www.xyadviser.com/disclaimer/
Welcome back to Hire Potential with Indeed. In next week's episode, we'll talk with Cristina Hawkins—Senior Manager, Organisation Development—Culture, Engagement, Diversity & Inclusion at Metcash about the importance of a meaningful D&I policy for small businesses.Discover more:Download Indeed's new 2022 Diversity & Inclusion Report: https://indeedhi.re/37l3H02Follow Indeed on LinkedIn: bit.ly/3pXSxDo Follow Indeed on Twitter: https://bit.ly/3vKvVY7Follow our producers, The Peers Project: http://bit.ly/3adVmYGSources: Indeed is the world's #1 job site according to Comscore, Total Visits, January 2022.Sources: Over 250 million unique visitors every month, Google Analytics, Unique Visitors, February 2020.Sources: The research in the report referenced in this episode was commissioned by That Comms Co. on behalf of Indeed and conducted by YouGov. The study was conducted online between 11 - 17 January 2022, involving 2,076 participants. Hosted on Acast. See acast.com/privacy for more information.
It was a nasty day. The local market skidded to fresh seven-week lows with every single sector except healthcare and tech hammered.Apparently, strong data and free-spending governments are doing nothing to deter speculation about elevated inflation and even more aggressive rate hikes. The resilience in long duration names came despite another sharp uplift in bond yields domestically and abroad.Miners were hit hard as commodity prices fell as Chinese trade data showed demand faltered at home and abroad; pressure came through in iron ore, copper and gold. BHP and Rio Tinto ended down 2.3% and 1.5% respectively. Fortescue suffered even larger falls down 2.55%.Energy was bruised with the sector suffering its worst losses in a two months. Concerns about demand destruction are seemingly outweighing the OPEC+ cut for now. Woodside finished down 3.4%Elders and Graincorp did well. Another bright spot was Metcash, after telling shareholders at its AGM sales are up in the first few weeks of FY23, Citi subsequently saying the Metcash update is evidence of resilience in consumer spending.Our top videos:Bigger not necessarily better; Simon Conn picks three baby blue chipsCarl Capolingua has some shorts to shareOut with the old... The Investment Committee goes on a spring clean Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
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A soft end to a soft week as concerns over the health of China's property sector flared again. Selling across the resources sector was brutal, mirroring the moves in commodity futures. It didn't matter if they were big or small, diversified or pureplay: almost everything was hammered. BHP, Fortescue and Rio Tinto fell 3.8%, 5.9%, and 2.6% respectively, the latter outperforming following the release of its quarterly production report. Second-tier names were hit even harder with the likes of IGO, Mineral Resources and Sandfire Resources falling more than 5%. Healthcare and consumer staples led the way, lifting 1% apiece thanks to gains of more than 1.8% for names such as Cochlear, Resmed, Metcash and Coles. WiseTech Global was a standout, putting on 3.2% after upgrading earnings guidance. The benchmark index finished trade down 0.68%. For the week, it lost 1.1%, or 72.4 points, to close at 6605.6.Our top three VODs:Seeking stocks with earnings sustainabilityUS inflation hot, but not a surpriseWhy bigger isn't necessarily better See acast.com/privacy for privacy and opt-out information.
Our local market started the new trading week with a loss of 1.1%, with the majority of the industry sectors in the red. The materials and tech sector felt the most pressure, as investors braced for a US inflation reading, as well as domestic jobs update later this week. Looking at the ASX200 leaderboard, EML Payments (ASX:EML) fell a massive 25% after its chief executive Tom Cregan exiting the fintech group with no explanation. NOVONIX (ASX:NVX), Costa Group Holdings (ASX:CGC) and Domino's Pizza (ASX:DMP), were all hit with bearish broker notes, while lithium company Lake Resources (ASX:LKE) plunged 6.3%, following revelations that the stock is now being heavily shorted off the back of its CEO's resignation last month and pessimistic projections for lithium demand. On the flip side, the best performers yesterday included New Hope Corporation (ASX:NHC), Imugene (ASX:IMU) and Suncorp Group (ASX:SUN).The most traded stocks by Bell Direct clients yesterday, there were multiple financial stocks like three of the big four banks, as well as Bank of Queensland (ASX:BOQ), and mining stocks like BHP Group (ASX:BHP) and Allkem (ASX:AKE).In the US, equities fell on Monday as investors prepare for big company earnings reports and US economic data, including consumer prices, retail sales and factory output due out later in the week, which will give an indication of the extent to which inflation has peaked, as well as how inflation is impacting businesses. The Dow Jones shed 165 points, the S&P500 fell 1%, while the Nasdaq broke its five-day winning streak, down 2.3%What to watch today:Despite Wall Street losing some ground overnight, the SPI futures are suggesting our market is set to open 0.28% higher.Economic news wise, we'll get an update on business confidence for June, which slowed to 6 points in May, down from 10 previously. If the confidence indicators underperform today, we could see the Aussie dollar respond with losses.Moving to commodities, oil prices pulled back overnight, following concerns about rising COVID cases in China. The gold price also came under pressure, off the back of a stronger US dollar. And the spot iron ore price trades at US115 a tonne.Stocks going ex-dividend today include Metcash (ASX:MTS) and Sunland Group (ASX:SDG), which will likely cause these stocks to trade lower today as investors take their profits.Trading Ideas:Bell Potter have transferred analyst coverage on EROAD (ASX:ERD). The rating on the stock has been maintained as a Buy however with a reduced price target, from $3.40 to $2.75. Bell Potter remain positive on the company and its outlook. At its current share price of $2.00, this implies 37.5% share price growth in a year.Trading Central has a bearish signal on AGL Energy (ASX:AGL), indicating that the stock price may fall from the close of $8.26 to the range of $7.60 - $7.75 in the next 16 days according to standard principals of technical analysis.
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Week-to-date the ASX200 rebounded 1.6% and gained 0.8% on Friday. Lithium shares such as Allkem (ASX:AKE), Liontown Resources (ASX:LTR) and Pilbara Minerals (ASX:PLS) all gained, as well as Vulcan Energy (ASX:VUL) after announcing its brought on board Stellantis, the European automotive manufacturing giant, as its second largest shareholder. And tech stocks made strong gains on Friday. It was the best performing sector, up 6%, with family app Life360 (ASX:360) and BNPL company Zip (ASX:ZIP) leading the ASX200, up 22% and 25% respectively. The tech rally followed the jump in US tech shares the previous session. The most traded stock by Bell Direct clients was Lake Resources (ASX:LKE), which rebounded 15% on Friday, after falling 55% Monday to Thursday, following the departure of the company's CEO. Lake Resources was the worst performing stock of the week, down 49% Monday to Friday. Also highly traded on Friday was Chalice Mining (ASX:CHN), Westpac (ASX:WBC), Amcor (ASX:AMC) and BHP Group (ASX:BHP). European stocks had their best session in over three months and US equities also made a strong comeback. All three major US benchmarks rallied. The Dow Jones added more than 800 points, up 2.7%, the S&P500 closed 3% higher at the close, and the tech-heavy Nasdaq also rallied 3% higher.What to watch today:The Australian share market is looking optimistic following the positive session in New York. The SPI futures are suggesting a lift of 1.6% at the open this morning. In commodities, oil has dropped further, now trading around US$106 a barrel with expectations of a slowdown in demand and the production shutdown in Libya, making it more difficult for OPEC to meet the production targets. Meanwhile the price of gold is higher, while iron ore is in the red. Metcash (ASX:MTS) is set to report its earnings today.Trading Ideas: Bell Potter maintain their Buy rating on Nufarm (ASX:NUF) and have lowered their price target from $7.85 to $6.65. There has been a material rerating in global crop protection and domestic peer trading multiples in recent weeks, and Nufarm hasn't been immune to the sell off, however Bell Potter continue to see the stock as better placed to navigate a normalisation in Australian crop conditions than its peers. At its current share price of $4.99, the price target implies 33% share price growth in a year.Trading Central have identified a bullish signal in Woolworths Group (ASX:WOW), indicating that the stock price may rise from the close of $35.46 to the range of $37.60 to $38.10 over 23 days according to the standard principles of technical analysis.
The winning streak is over, coming to a shuddering end as strong inflation and slowing consumer demand sparked a global sell off. But it could have been worse. Just ask Wall Street. Most sectors finished deep in the red, led by big falls in consumer discretionary and staples, mirroring the performance in States overnight. The former slumped 3.1%, the latter 3.7%. Wesfarmers, arguably the closest thing to a Walmart or Target in Australia, was smashed, slumping 7.3%. Other consumer-linked stocks were also hammered with Metcash, JB Hifi, Woolworths and Harvey Norman sliding 4.7% or more. Beating out the retailers for worst performer, Nufarm slumped 8.3% as its profit result whiffed. At the other end of the scoreboard, Aristocrat Leisure soared 7.2% after delivering a strong first half profit accompanied by a $500 million buyback. A positive update from Webjet helped it to a handy gain of 2%. The S&P/ASX 200 fell 1.65%, declining 118.2 points to 7064.5. But perspective is everything. From the lows of Thursday last week, it's still up 2%.Our top three VODs: Do not buy this dip - hold these three stocks: RiazKyle's greedy when others are fearfulWhere to place your bets after the market flushout See acast.com/privacy for privacy and opt-out information.
Yesterday the market was up as much as 1% in the first hour of the session, following a strong trading session over on Wall Street, and soon after that the market started to drop, following weak economic data from China. China's April retail sales dropped 11.1% on the year, when the market was expecting a 6% drop, so it fell almost twice the forecast. Additionally, the unemployment rate in China rose to 6.1%. Locally, the Australian market dropped but still managed to close with a 0.25% gain. Leading the ASX200 was transport and logistics company Brambles (ASX:BXB), which gained over 11% yesterday to its highest price in 8 months. This was after news of a potential takeover offer by private equity group CVC for $20 billion. Meanwhile, Imugene (ASX:IMU), City Chic Collective (ASX:CCX), and Zip (ASX:ZIP) declined the most. Bell Direct clients were trading mostly ETFs yesterday, including VAF, VEU and EMKT. It was a volatile session overnight in the US. The Dow Jones closed with a slight gain of 0.08%, while the S&P500 dropped 0.39%. The Nasdaq was the session's underperformer, as tech stocks continue to fall, closing 1.2% lower. What to watch today:The SPI futures are suggesting the local market will rise 0.32% at the open this morning. In economic news, today we'll receive the RBA's meeting minutes, at 11:30am AEST. These are the minutes from the central bank's meeting earlier this month and it may draw some attention, as this was the meeting when the RBA lifted the cash rate. In commodities, the oil price has jumped again as concerns of tighter global supplies outweighed the weakening global demand outlook. Gold and seaborne iron ore are also trading higher. James Hardie Industries (ASX:JHX) is set to release its quarterly earnings. Trading Ideas:Citi has a Buy rating on Brambles (ASX:BXB) with a $12.29 price target. Citi say that compared to traditional leveraged buyout targets, BXB has little excess assets on its balance sheet, and CVC (who are the private equity group proposing the takeover bid) see the market as undervaluing the operating business and complex strategic initiatives over the medium term.Trading Central have identified a bearish signal in Metcash (ASX:MTS), indicating that the stock price may fall from the close of $4.63 to the range of $4.40 to $4.44 over 19 days according to the standard principles of technical analysis.
Fears of the new Omicron variant subsided this week, as the market rallied 2% (Mon-Thu). All sectors made solid gains, with the energy, consumer staples, real estate and healthcare sectors advancing the most.In this week's wrap, Sophia covers:(0:36) Metcash (ASX:MTS) gaining 12% after strong half-year results(1:13) The biggest movers in the All Ords (1:33) What stocks Bell Direct clients were trading this week(2:11) Bell Potter's top 12 gold mining stocks (4:26) Three economic news items to watch out forWatch the Weekly Wrap here.
It was a wild weekend for market moves - and Bitcoin - but it was a relatively low conviction day outside of tech where it was an eventful session. Tech shares and BNPL were smashed. The tech sector shed nearly 1%, led by Zip Co which closed nearly 10% lower and Sezzle dropped 13%. The energy sector added another 0.5% as oil futures edged higher while Aussie goldies benefited from the risk-off tone. Metcash closed over 7% higher on an upbeat half-year report. All in all, the local market closed around 4 points higher - which we'll call flat for good measure.Our top three VODs:Preparing for financial collapseEven the experts don't know why Bitcoin crashedAsk the Expert: Jonathan Pain I the big picture See acast.com/privacy for privacy and opt-out information.
Metcash, the owner of IGA supermarkets, Mitre 10 and Foodland, saw sales and profits grow big time this year, thanks to a shift towards local neighbourhood shopping. BHP has hinted that it might be open to boosting its dividend payout next year after selling off key petrol and coal assets. Didi, a Chinese version of Uber, is going to de-list from the New York Stock Exchange despite only IPO-ing 6 months ago - and it now plans to re-list in Hong Kong. --- Sign up to the Flux app to be in the $1,000 Giveaway. Promo code: 1grand Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get your credit score for free: https://bit.ly/fluxcreditscore Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play Store): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Instagram: http://bit.ly/fluxinsta TikTok: https://www.tiktok.com/@flux.finance --- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. See omnystudio.com/listener for privacy information.
The Aussie market ended last week with gains, with the energy sector rising the most, up 1.6%. The energy sector was led by Oil Search (ASX:OSL), Whitehaven Coal (ASX:WHC), BlueScope Steel (ASX:BSL) and Nickel Mines (ASX:NIC), which all ended the week higher. The financials also performed well on Friday after a volatile week. Meanwhile healthcare declined. Imaging software company Pro Medicus (ASX:PME) made the most gains on Friday, however its share price is still down the past month. Aussie investment company, Washington Soul Pattinson (ASX:SOL) gained 3.3%, partly due to its exposure to energy investments. While, TPG Telcom (ASX:TPG) dropped 8.6%, off the back of news that its founder was selling a $335 million stake in the company. In US equities, all three major benchmarks closed lower, wrapping up a volatile week. The Omicron variant has had investors concerned, and the US also delivered a disappointing jobs report, with slower than expected job creation last month. The Dow was down 0.2% and the S&P500 down 0.8%. The tech-heavy Nasdaq dropped 1.9%, with Tesla falling over 6% and Zoom falling over 4%. There was however a late rally on Wall Street, and the ASX200 is set to open higher this morning. The SPI futures are suggesting a rise of 0.15% at the open. Citing concerns on the Omicron strain, Goldman Sachs cut its forecast for US economic growth in 2022 from 4.2% to 3.8%. They say a downside scenario is the most likely outcome, where the virus spreads quicker, but immunity against hospitalisations falls slightly more. What to watch today: Oil is trading lower at US$66 a barrel. Watch Santos (ASX:STO) and Woodside Petroleum (ASX:WPL).Gold is currently higher, however has fluctuated around $1,770 an ounce, after the disappointing US jobs report. The seaborne iron ore price is lower, trading at US$101.49 a tonne.Metcash (ASX:MTS) is set to release its half-year results today. Ord Minnett analysts expect the company to report a net profit of $141 million for the past 6 months, allowing for an interim dividend of 10.5 cps. Trading ideas:Bell Potter have maintained their BUY rating on chemical manufacturing company DGL Group (ASX:DGL) and have decreased their price target from $3.05 to $3, after the company held its AGM. DGL last closed at $2.40, implying 25% share price growth in a year. Goldman Sachs have a BUY rating on Healthco Healthcare and Wellness (ASX:HCW), with a $2.56 price target. The broker says that the healthcare real estate sector in Australia is in its infancy, with potential for growth through acquisitions and ground up development.Trading Central's analysts have flagged a bullish signal in Hastings Technology Metals (ASX:HAS). This bullish signal indicates that the stock price may rise from the close of $0.25 to the range of $0.30 to $0.32, within 28 days.
The Collins St Value Fund has delivered 19.6% p.a. net return since inception in February 2016 to October 2021 – a result which has seen a total net return of almost 180% over that time. In this episode, Michael joins David to discuss the Collins Street Value Fund and it's investment strategy. Michael and David highlight the information arbitrage that Collins St seeks to find in the companies that they invest in. From on the ground research in businesses such as Metcash, to undiscovered resource companies from brokers, Michael highlights several examples of outsized returns for investors that can be produced from pockets of mispricing in financial markets. Michael is a Founder, Managing Director and Portfolio Manager of the Fund. Prior to founding the fund, Michael was a senior portfolio manager at a Melbourne based Managed Investments provider. During his time there he managed portfolios for and advised some of Australia's largest family offices and high net worth individuals.
How to value stocks – an introduction to valuation conceptsTwo years ago I wrote a popular blog that explained some simple share market concepts and jargon (see here). Building on this introductory information, I thought it was timely to discuss basic share market valuation principles to help investors assess whether a stock is over or under valued.To be clear, I'm not advocating investing in direct stocks. In fact, there is an overwhelming amount of evidence that demonstrates direct share investing (i.e. picking stocks) fails to produce above market returns over the long run. However, it is still useful to understand basic share market valuation principles.The ‘Efficient-Market Hypothesis'The Efficient-Market Hypothesis (EMH) was popularised by Nobel laureate, Professor Eugene Fama. The hypothesis suggests that share prices always accurately reflect all available information. The idea is that the market is made up of thousands (and in some cases, perhaps millions of people) that analyse all available information in relation to a particular company. Many of them are professional investment managers with a lot of education and experience working 40-80 hours per week. This information informs their trades i.e. at what price they are happy to buy and sell. And it is this process of “price discovery” that determines the value of a stock.My personal view is that the EMH might be true over long periods of time. However, in the short run, it is possible (in fact, likely) that markets can be inefficient. Behavioural economics explains that sometimes investors can act irrationally, driven by overconfidence, overreaction, overexuberance, greed, fear and so on. The “meme stock” behaviour earlier this year is a perfect example of how markets can be inefficient and stock prices can be wrong.This is why it's useful to understand basic valuation principals.The value of a business is equal to the present value of its future cash flowsThe value of any business is equal to the present value of its future cash flows. To calculate that, you need to forecast the business' free cash flows and then apply a discount rate to express the value in today's dollars. The discount rate must reflect the risk associated with the cash flows e.g. the higher the risk, the higher the discount rate. This is called Discounted Cash Flows analysis.The table below provides a simple example. This business has a 5-year government contract and is expected to generate $100 per year of free cash flow (i.e. income less all expenses including taxation). After 5 years, the business is not expected to continue. Because the business' revenue is contractually guaranteed and therefore low risk, a lower discount rate of 8% has been used. The discount rate reflects the return an investor would require to be compensated for the risk. Each year is discounted in today's dollars using the discount rate. For example, refer to year three. The present value of $100 is $79.38. That means if I have $79.38 today and earn 8% p.a., I'll have $100 in 3 years from now.The aggregate value of the present value of future free cash flows is the business' value, which is $399.See hereShortcut method: valuation multiplesCompleting a DCF analysis is time consuming and there's probably not enough publicly available information. A shortcut valuation method is to use a valuation multiple. I have listed the common valuation multiples below.§ Price/Earnings – the PE ratio is probably the most common valuation ratio. It measures the value of a company compared to its earnings per share (EPS). The higher the PE, the higher the valuation and the riskier it is. The average PE ratio over the past 20 years is circa 26 for the US market (S&P500) and 18 for the Australian market. The US market's PE is currently trading at around 34 times and the Australian at 29 times, which is probably due to two factors. Firstly, temporarily lower earnings due to Covid. Secondly, elevated valuation multiples.§ Price/Sales – the price/sales multiple is used as a check/secondary measure or for businesses that are not yet profitable (and are expected to benefit from huge scale, such as tech companies, and be profitable in the future). The shortcoming of the price/sales multiple is that it doesn't consider a company's profitability which is ultimately a very important factor.§ Price/Book Value – the price/book ratio compares the value of a company to its net asset value on its balance sheet. Price/book multiples typically range between 1 and 3 times. This valuation metric is less meaningful in some industries, particularly ones that have valuable intangible assets, as these are rarely included on balance sheets.Two factors that impact valuation multiplesGenerally, there are two factors that will influence valuation multiples:§ Risk – how likely is it that the business will deliver its expected results? Does it have a well-established business? Does it have a strong track record of profitability and paying dividends? Does it have a strong financial position with little debt? These are some examples of things you must consider in order to ascertain a business's risk. Riskier businesses attract lower multiples/valuations.§ Growth – does the company have profitable growth prospects? All things being equal, higher growth businesses attract higher valuation multiples. By comparison, businesses that are mature and have limited growth prospects attract lower multiples.The relationship between risk and growth are illustrated below.See hereFactors I consider when assessing a stock's relative valueBelow is a list of factors that I consider when assessing the relative value of a stock.§ PE multiple – relative to its historical levels, peer companies and the market in general.§ Profitability and dividends – I review historic cash flow, revenue, profitability and dividends to consider volatility and growth.§ Financial strength including cash holdings and debt exposure.These three measures usually provide a good, high-level indication of a stocks relative value.Using Woolworths as an exampleLet's apply these considerations to Woolworths (WOW) as an example:§ Its PE is trading at 32 times which is very high for a relative mature, low growth, low risk business. Its peer company, Coles is trading on a PE of 22.5 and Metcash (which operated IGA supermarkets) on a PE of 16 times.§ Woolworths' sales, cash flow, earnings and dividends have been quite stable over the past 4 years.§ It has a very strong balance sheet with low and reducing external debt levels.Overall, I assess Woolworths as a low risk, low growth business and would expect a PE ratio of 18-24 times to be fair value. Based on forward earnings, it suggests its shares are probably valued towards high $20's. Since its currently trading at over $39, it appears to be overvalued in my opinion.Examples of irrationalismApplying this fundamental analysis to some other stocks results in mindboggling outcomes. Here are a few irrational examples from Australia and overseas:§ Accounting software provider Xero is trading on a PE ratio of over 1,000 times!§ REA Group (operates realestate.com.au) is trading on a PE of over 60 times§ Afterpay is valued at $37 billion and lost almost $160 million last year (and has never made a profit).§ Uber is worth over $100 billion and lost over $9 billion last year!§ Tesla is worth over $1 trillion and is trading on a PE of around 400 times.High growth companies can be rewarding to invest in. However, there's no point in paying too high of a price for the stock, as all you are doing is pre-paying for whatever growthmight occur in the future. And if the growth doesn't occur, it will be your loss.Clearly some stocks are trading at unsustainable levels and should be avoided.Stock valuations are inherently uncertainStock analysts spend their whole working life analysing companies to identify investment opportunities. But most of them fail to beat the market. A superior share investment strategy is to adopt a rules-based approach, as these tend to offer a lot of diversification and very low fees. You can incorporate factor-based methodologies that allow you to avoid investing in overvalued sectors and companies.
While people may debate the independence of broker research, one thing they do boast is access. Access to company management, to information and data that you may not be able to get your hands on, like expensive FactSet or Bloomberg terminals, analyst reports and free lunches, to name a few. And while the old proverb states that there truly is no such thing as a free lunch, our brokers may have a leg up when it comes to company analysis. So, in this episode of Buy Hold Sell, we've invited Airlie's Emma Fisher and Sage Capital's Kelli Meagher to share their thoughts on five stocks the brokers are backing. These include Star Entertainment Group, Bapcor, James Hardie, Ansell and Metcash, all of which receive resounding "buys" or "strong buys" from Australia's sell-side. But will our fundies agree? You'll just have to watch the episode to find out. Note: This episode was filmed using Zoom on the 18th of August 2021. You can read an edited transcript below: https://www.livewiremarkets.com/wires/buy-hold-sell-5-stocks-the-brokers-are-backing/
The rise in mental health problems caused by the lockdowns in Victoria and NSW have already cost $1 billion in lost productivity and those aged 15 to 25 are likely to be the worst affected, according to updated modelling by the University of Sydney's Brain and Mind Centre. The figure builds on earlier modelling by the centre that estimated the productivity cost of the COVID-19 pandemic at more $20 billion a year due to a projected increase in psychological distress, hospitalisations and suicide. The centre's modelling considers the initial and ongoing cost of increased mental health illness to the health system and the wider economy. This includes estimates of the costs of increased suicide; the costs of caring for the increases in people self-harming and having suicidal thoughts; and estimates of the reduction in productive output of those affected by mental illness. Professor Ian Hickie, the former Mental Health Commissioner, warned the growing COVID-19-related mental health crisis, especially for young people, had become a “shadow pandemic”. Business support for mandating Covid vaccinations in workplaces is growing, with a national survey of 700 companies finding a quarter would like compulsory jabs of their employees. An Australian Industry Group survey of business attitudes to mandatory Covid vaccination in workplaces found more than half were in favour of some form of mandating. 24% said they would like to mandate Covid vaccinations for some or all of their employees; and 27% said they would like Covid vaccinations to be mandated only through a health order related to their industry.Almost 7000 COVID-19 jabs have been administered to critical workers in the food and freight sectors from Sydney's hardest-hit local government areas Co-operation between major employers and the federal government's Operation COVID Shield rollout effort has seen staff of supermarket and food giants Coles, Woolworths, Aldi, OzHarvest and Metcash vaccinated across 19 sites. About 1000 doses have been administered to employees at freight firms Linfox and DHL, according to federal government data. Ahead of a major expansion of workplace vaccinations in coming months, about 6000 Commonwealth Bank and Westpac employees in hotspot local government areas are being jabbed in a pilot phase. Rollout boss Lieutenant General John Frewen is working with the retail and university sectors on workplace vaccinations, and sporting bodies in AFL, tennis, soccer and netball are expected to be included.Hutchison Ports and DP World have told wharfies they must get the jab to come to work next week as new rules introduced by the NSW government ratchet up pressure on employers to mandate vaccinations. The stevedores advised hundreds of workers they could not work at their Port Botany terminals, located in one of the hotspot local government areas in south-western Sydney, from August 30 if they have not had their first dose of a COVID-19 vaccination. The directions confirm what employer groups suspect thousands of employers might be forced to do after the introduction of rules requiring authorised workers in 12 Sydney local government areas to be vaccinated if they work outside their LGA, unless their workplace uses rapid antigen testing. Fully vaccinated travellers will be able to claim 1000 Qantas frequent flyer points, 15 status credits to move up the loyalty tiers and a $20 discount on Qantas and Jetstar flights from tomorrow. It is part of a new initiative from the airline to encourage vaccinations. Frequent Flyer members who claim the rewards will automatically enter a prize draw to get free accommodation at Accor hotels and free fuel from BP service stations. Prize winners will also get a free international flight on Qantas or Jetstar when borders re-open, projected for mid next year. There will be 10 winners overall – one selected from each state and territory, with another two winners chosen from a national pool. The Porsche-driving mortgage broker who filmed dying police officers at a horrific multi-vehicle accident last year has been banned by the corporate cop from providing financial services or credit for at least a decade. Richard Pusey, whom a judge dubbed “the most hated man in Australia”, was banned from performing any function relating to carrying on a financial services or credit business earlier this month by the Australian Securities and Investments Commission. An investigation found the 43-year-old mortgage broker and insurance salesman had given the regulator as many as seven false statements in licence applications and compliance documents. The regulator declared he “is not a fit and proper person to participate in the financial services and credit industries”. In a statement, ASIC said Mr Pusey “has no regard for the law”, “lacks the attributes of good character, honesty, and judgment” and “cannot be relied upon to comply with directions issued from authorities”. ASIC added Mr Pusey “is likely to contravene credit legislation and financial services legislation”. Mr Pusey is in custody awaiting sentencing after pleading guilty to assaulting a woman at his home, and two road rage incidents. Mr Pusey also pleaded guilty to menacing a Westpac bank employee in a series of messages in 2019 following a credit card dispute.Australian electric car charging network JOLT plans to install 5000 free fast chargers across capital cities after Blackrock, the world's largest asset manager, bought a stake in the company and pledged an initial $100 million towards building the network. Drivers using JOLT chargers would receive 7 kWh – equivalent to about 45 kilometres of driving – for free, and be charged for power drawn after that. JOLT would also make money from advertising sold on its charging stations. All the power it sells will be renewable and the installation of the charging points is expected to begin in Sydney in September. JOLT operates charging stations in Adelaide. Charlie Reid, a managing director of BlackRock's Global Renewable Power team, said for the world to reach net zero emissions by 2050, the last internal combustion car engine would need to be sold by 2035. He said this would happen globally and in Australia, whatever government policies were in place, as Australia imported its vehicles.Supermarket giant Woolworths has responded to the push by many shoppers for faster online deliveries, striking a deal with Uber Eats for groceries and fresh fruit and vegetables to be delivered from some of its Woolworths Metro outlets within an hour. Woolworths is starting a trial for Uber Eats drivers to deliver goods ordered from 12 Woolworths Metro stores in Sydney and Melbourne. It aims to roll out the service to about 200 Woolworths outlets by early next year. Woolworths operates 996 large supermarket outlets and 78 Woolworths Metro stores, which have a smaller footprint and are generally positioned in inner-city locations to capture customers and commuters buying smaller amounts of groceries, but more frequently. But the Woolworths Metro format has suffered in the pandemic as more people worked from home and CBDs emptied out. Woolworths in June booked a $50 million write-down on the value of 13 Metro locations located in CBDs or near major train stations, which have borne the brunt of the work-from-home shift.Right-wing extremists are using platforms such as YouTube, PayPal and Buy Me A Coffee to raise money to support their nefarious activities, says the Australian Strategic Policy Institute, which is calling for anti-money-laundering laws to apply to more technology businesses. ASPI analyst Ariel Bogle wants the federal government to develop a centralised hate crime and statistics database to track and understand the financial activities of extremists operating in Australia. She is also calling for regulators to consider whether emerging platforms have obligations under laws such as the Anti-Money-Laundering and Counter-Terrorism Financing Act and the Proceeds of Crime Act.About 7000 truckies at Toll Transport will strike across the country on Friday, disrupting parcel and food deliveries at the height of the pandemic. The Transport Workers Union confirmed drivers would stop work for 24 hours after Toll refused to drop bargaining claims in crisis talks on Monday, including that part-time staff work up to 38 hours a week without overtime and new drivers work six to 12 month contracts. The stoppage is the first national strike in road transport in more than a decade and comes as home deliveries have surged following stay-at-home orders for more than 14 million people in NSW and Victoria.And the profit reporting season continues. Kogan's net profit plunged 87% to just $3.5 million in 2021. Takeover target Afterpay has widened its net loss to $159.4 million in financial 2021, versus $22.9 million in the prior year. Australia's biggest smash repair outfit AMA Group reported a $99.1 million statutory loss for the year. Chorus EBITDA rose slightly to $NZ649 million during the year, up only slightly on $NZ648 million in the 2020 financial year. Its net profit after tax fell to $47 million, from $NZ52 million, and operating revenue dipped to $NZ947 million, from $NZ959 million Reliance Worldwide revenue rose 15.3% to $1.16 billion while net profit climbed 110.5% to $188.2 million. oOh!media's revenue for the period was up 23% to $251.6 million, while earnings before interest, taxes, depreciation, and amortisation more than tripled to $33.3 million. The company reported a $9.3 million net loss after tax compared to a loss of $28 million in the prior comparable period. GPI Property Group's net profit fell to $22.96 million, down from $66.74 million a year earlier. NIB's underlying revenue rose 2.9% to $2.6 billion however its net profit rose 84.5% to $160.5 million. Hotels and cinemas operator Event Hospitality and Entertainment has posted a 45.4% fall in financial 2021 revenue to $449.3 million. It narrowed its statutory loss 15.7% to $48 million on EBITDA of $27.2 million. Mining contractor MACA's net profit after tax jumped 219% to $20.7 million following the $17.4 million loss it reported last year. Ampol's EBIT rose to $340 million, from $221 million a year ago. Michael Hill's net profit rose 15-fold to a record $45.3 million in 2021. Charter Hall reported post-tax operating earnings of $284.3 million. Latitude delivered an 81% rise in cash profits, to $121 million. Ansell sales rose 25.6% to $US2.02 billion while EBIT climbed 56% to $US338 million and profit firmed 57.5% to $US246.7 million. Perenti Global's net profit after tax and amortisation in the second half of the 2021 financial year improved by $75.3 million from a first-half statutory loss of $63.8 million to a statutory gain in the second half of $11.5 million. Underlying net profit after tax and amortisation fell from $211.7 million to $170.8 million. HUB24 reported net profit after tax of $15 million, up 53%, and underlying group earnings before interest, taxes, depreciation, and amortisation of $36.2 million which was a 47% increase on FY20. Monadelphous Group's revenue rose 18% to $1.75 billion while profit climbed 29% to $47.1 million. The Westfield Australia real estate trust Scentre Group has reported its operating profit for the half year to June 30 climbed 27.5% to $460.1 million on property revenue up 21.3% to $1.064.8 million. Total revenue fell 1.2% to $1081.4 million. Alumina's net profit dipped 19% to $US73.6 million. Carbon Revolution revenue declined 10% to $34.9 million as the company reported a $32 million loss after tax. Oil Search's revenue climbed 7% to $US667.7 million in the first half of the year while core net profit soared 463% to $139 million. Nanosonics' full year revenue was up 3% to $103.1 million for the period with an operating profit before tax of $11 million, down from $12.4 million in FY20. Voice communication software provider MNF Group's recurring revenue rose 12% to $113.2 million, while EBITDA increased 13% to $43.1 million, sitting at the top end of market guidance. Estia Health's revenue rose 4.4% to $665.4 million while profit after tax rose to $6 million following a $116.9 million loss a year earlier. Austal's net profit after tax came in at $81.1 million, down from $89 million in FY20. Superloop's total revenue rose 2.9% to $110.7 million during the year however it still reported a loss of $31.9 million for the year. Sleep treatment specialist SomnoMed has narrowed its full-year net loss to $1.18 million and lifted revenue 9% to $62.7 million for financial 2021. ReadyTech's underlying net profit after tax and amortisation rose 27% to $10.6 million. Local fund manager VGI Partners delivered a normalised net profit after tax of $42.9 million for the half-year to the end of June. Fertility specialist Monash IVF has hiked its adjusted net profit 61.5% to $23.3 million on revenue up 26.3% to $183.6 million for financial 2021. Statutory net profit climbed 116.9% to $25.5 million, with the adjusted profit number excluding the impact of JobKeeper subsidies. Viva Energy's gross profit firmed 17% to $788.9 million. Mt Gibson's sales revenue dipped to $329.7 million, from $445.2 million a year earlier, while net profit slid 24% to $92.1 million. Wagner Holdings reported net profit after tax of $10 million. Financial software player Bravura Solutions reported 13.8% fall in financial 2021 profit to $34.6 million. Northern Star's net profit climbed 299.7% to $1.03 billion. Medibank Private's net profit advanced 39.8% to $441.2 million. Sky City's reported profit dipped 33.7% to $NZ156.1 million. Seven Group's net profit firmed 447.6% to $631.4 million. Zircon miner Iluka Resources has posted a half-year net profit up 61.7% to $129 million. Orocobre's losses widened 14.7% to $US59.6 million. IDP Education's earnings before interest and tax were $64.1 million, a 41% decrease on FY20. Adbri's net profit firmed 94.5% to $56.6 million. National Storage REIT grew underlying earnings by 28% to $86.5 million for the financial year that ended in June. Nine Entertainment's net profit firmed 76% to $277.5 million. APA Group's profit after tax 98.8% to $3.68 million due to significant one-off items. Engineering Group Worley's net profit fell 50% to $86 million in financial 2021. IVE Group's net profit rose to $29.5 million, improving on the $20.2 million loss from a year earlier. Growthpoint Properties has posted a financial 2021 statutory net profit of $553.2 million, versus $272.1 million in the prior year. McMahon Holdings' Statutory net profit rose 19% to $77.2 million. Ferries and bus operator Sealink reports its underlying net profit climbed 152.6% in financial 2021 to $74.7 million. Aurelia Metals' net profit firmed 46% to $42.9 million. Green whistle painkiller merchant Medical Developments has swung to a net loss of $12.6 million. Clearview Wealth reported a 54% increase in underlying net profit after tax to $22.7 million. Dalrymple Day Infrastructure reported net profit of $113.2 million. Sunland Group's net profit after tax surged from $2.4 million in FY20 to $24.9 million in FY21. Ridley's EBITDA climbed $9.6 million to $69.1 million while total comprehensive income climbed to $29.9 million following a loss of $10.7 million a year earlier. E-commerce business MyDeal has swung to a $5.9 million loss. Zip Co has reported a staggering $652.5 million loss. Pent-up demand for youth fashion helped Universal Store lift net profit by 90% to $24.4 million in 2021.And that's it for this week. And next week, I'll be talking to Cat Long, the CEO of Trace, a company set up to help businesses and individuals reduce and/or offset their carbon footprint. And I'll be talking to economist Nicholas Gruen about ways to manage our superannuation.In the meantime you can catch me on Facebook, Twitter and LinkedIn. And if you want leave a comment. Wishing you all a safe and healthy week. And looking forward to bringing you Talking Business next week Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcast See acast.com/privacy for privacy and opt-out information.
In this episode of Virtually Live, Shannon Rivkin covers Westpac (WBC), Metcash, share buybacks, lockdowns, Kogan (KGN), Bank of Queensland (BOQ), Coles Group (COL), A2 Milk (A2M), Webcentral (WCG) and 5G Networks (5G).
Step aside EOFY volatility, August reporting season is just around the corner, and it's looking like it's going to be a showstopper. Plus there's a new tech darling in town, and it's got the attention of some big celebrity names...In this week's wrap, Jessica covers:(0:22) Telcos stealing the show up 2.3% following Telstra's (ASX:TLS) announcement(1:02) Staples back in vogue: Metcash (ASX:MTS) reporting record sales(1:57) EOFY rebalancing pushing two stocks to the top of the leaderboard(2:37) Why Collins Foods (ASX:CKF) fell 13% despite record earnings(3:52) A new celebrity stock? The rise of Life360 (ASX:360)
A resilient S&P/ASX200 closed just six points lower on Tuesday to finish at 7301.2, after shedding almost one per cent earlier in the day. It's the second late recovery in a row as Covid-lockdowns, school holidays and end of year blues hit volumes. Collins Foods (- 5.6)% delivered on its full-year, but fell away late. Metcash (5.7%) found some form, leading the gainers ahead of Nuix - up some 4.8% - police hitting the former CFO's brother with a travel ban (on top of that other travel ban).Our top three VODs are:Why Jun Bei Liu is holding Endeavour, and selling WoolworthsThree old favourites that keep deliveringClaude Walker's three ugly ducklings; small caps with potential See acast.com/privacy for privacy and opt-out information.
Mathan Somasundaram from Deep Data Analytics and Gary Glover from Novus Capital go in-depth and stock-specific. Stocks covered: CIA ORE MET SRV BET APA CDA MP1 FLC SZL and the stock of the day is Kathmandu (KMD). See acast.com/privacy for privacy and opt-out information.
The Aussie market futures are suggesting we're in for a negative start, a fall of 0.5%. Over in the US, there was a buying frenzy in silver stocks, as Reddit investors took vengeance on the likes of JP Morgan who betted the price of silver would go down. Secondly, GameStop shares jumped 68% after Robinhood re-allowed buying in the stock. What to watch today:Perth has entered a five day lockdown, while Queensland opened its border to Sydney. So expect Woolworths (ASX:WOW), Coles (ASX:COL) and IGA Owner Metcash (ASX:MTS) to do well following the frenzy buyingAnd expect Dreamworld owner Ardent Leisure (ASX:ALG) to get a kick. The Gold price rose 0.5%. But the real show stopper - will be Silver, after its price jumped 2.5%. Keep an eye on Silver Mines (ASX:SVL) +10%, Manuka Resources (ASX:MKR) +8%, Investigator Resources (ASX:IVR) +5% and in the large caps, South32 (ASX:S32) is seeing some early buy orders. Nickel-cobalt company GME Resources (ASX:GME) as its shares have been rallying as traders were mistaking its shares for GameStop which has the same ticker in the US. The PM will give his first speech outlining the Government's strategy for 2021, including spending $1.9 billion in vaccine efforts.Home loan data is out for December. Trading ideas:Media company, Access Innovation (ASX:AIM) was reiterated as Bell Potter buy with a $1.35 target. Origin Energy (ASX:ORG) was ear marked as a UBS buy on its sales volumes increasing. UBS has a $6.65 target for ORG. It last traded at $4.74. ReadCloud (ASX:RCL), Evolve Education (ASX:EVO) and Enero Group (ASX:EGG) are all giving off bullish charting signals according to Trading Central.
The ASX200 is eyeing a gain of 0.6% at the open.Victoria and South Australia will welcome international flights and passengers starting today and NSW will ease restrictions at hospitality venues.What to watch this week:Metcash (ASX:MTS) reports results today.NAB business confidence, building permits for October and Consumer Confidence is out tomorrow.Local trading ideas:Bell Potter upgraded PSC Insurance's (ASX:PSI) Buy rating with an increased $3.40 price target.Bell Potter highlighted some stocks to watch including City Chic (ASX:CCX), Premier Investments (ASX:PMV), Domino's Pizza (ASX:DMP) and Accent (ASX:AX1).Temple and Webster (ASX:TPW), NEXTDC (ASX:NXT) and Stanmore Coal (ASX:SMR) are all showing bullish charting signals according to Trading Central.
The Aussie share market gained 2.2% this week (Mon-Thu) rising to a 9-month high. With a vaccine on the horizon, and approximately 75% of Aussie jobs lost to COVID-19 recovered, it would seem we've reached the light at the end of the tunnel. However, there are murmurs of unemployment rising.
The Aussie share market is eyeing a gain of 0.1% at the open.U.S. equities rallied for the second straight day, continuing to claw back from last week's retreat which was the worst weekly fall since March.What to watch today: - China has allegedly put a temporary ban on Australian coal, copper-ore, wheat, wool, lobster and sugar imports into China from Friday. - Woolworths (ASX:WOW) announced quarterly group sales rose 12% to $17.9b, with food sales up 13% as customers consumed more at home. - Pendal (ASX:PDL) half year results are out today. - Domino's Pizza Enterprises (ASX:DMP) and Cedar Woods Properties (ASX:CWP) hold their AGMs today.Local trading ideas: - UBS reiterated the owner of IGA, Metcash (ASX:MTS), as a Buy, with a $3.25 price target. - Bell Potter reiterated Kazia Therapeutics (ASX:KZA) as a Speculative Buy with a $2.00 target, implying 153% upside in a year. - Bell Potter upgraded Auswide Bank's (ASX:ABA) Buy rating and price target to $5.70, implying 14% upside in a year. - Breville (ASX:BRG), Chalice Gold Mines (ASX:CHN) and IGO (ASX:IGO) are all showing bullish charting signals according to Trading Central.
The hustle and bustle of reporting season is over, but the Aussie share market continues to twist and turn as Australia officially entered its first recession in 30 years. Aussie tech stocks also came under pressure this week as investors feared increased competition following PayPal's entry into the buy now pay later market.In this week's wrap, Jessica covers:(0:40) The Aussie Tech sector and the U.S. downturn(1:15) Afterpay (ASX:APT) falling and Lendlease (ASX:LLC) rising(2:28) Key themes emerging in the market - the China-ore love story(4:15) The first Australian recession in 30 years(4:28) Changes in spending and saving habits(5:10) Sectors and stocks to watch: Consumer staples & Coles (ASX:COL), Healthcare & CSL (ASX:CSL), Tech & Life360 (ASX:360)
The Aussie share market is eyeing a 0.3% lift today at the open, which will rub out some of yesterday's 0.7% fall.Last night U.S. manufacturing goods orders rose 11.2% in July, recovering from the sharp fall in March and April. Sentiment also got a kick as COVID-19 vaccine hopes were lifted when Moderna posted promising results from a small trial of patients.What to watch today:Afterpay (ASX:APT) just reported full financial year results. Earnings (EBITDA) came in at $44.4 million in the year, stronger than its own expectations of $43 million. APT's price could jump to about $94 at the open today with brokers expected to upgrade their target prices given its expansion into Europe and the U.S., Morgan Stanley's the most bullish at $101.Local trading ideas:MTS shares formed a pattern that indicates it may rise from yesterday's close of $2.99 to $3.26 - $3.32 over the next 9 days, according to standard principles of technical analysis. Metcash's results showed strong sales momentum and Citi expects this to continue, which is why MTS is a Citi buy with a $3.50 price target.Jewellery business Lovisa Holdings (ASX:LOV), was upgraded by Bell Potter with the broker bumping up its price target to $8.35, implying 14% growth from yesterday's close of $7.30. With trading, building and revenue growing despite the pandemic, it looks like the business is gaining momentum as expected.Car dealership business A.P. Eagers Automotive (ASX:APE), was downgraded from a buy to a hold by Bell Potter with the broker increasing its price target to $9.50, indicating its share price will only rise 6% from yesterday's close of $8.96.
The Aussie share market is set for its best monthly gain since January this year. This week, the focus has been on the Banking sector, with some of the banks releasing their half-year results. In this month's wrap, Jessica covers:IT leads growth sectors in this month's sector report (0:19)Stocks in the spotlight: Afterpay (ASX:APT) rises 51% & Metcash (ASX:MTS) slides 21% (1:11)HY results: Where will NAB (ASX:NAB) go from here & what to watch with Westpac (ASX:WBC) (2:19)The best of the banking sector (5:01)What to watch next week: RBA & trade data announcements
The Australian share market is on for a cautious day of trade given the topsy-turvy evening and morning we had.The Australian share market opened 0.6% lower then clawed back some of those losses and is tracking 0.2% lower with Healthcare, Utilities, Banks and Energy rising. Overnight, the crude oil price collapsed, Virgin (ASX:VAH) entered voluntary administration and international markets somewhat held up with the Stoxx600 and the S&P500 gaining 0.7% and losing 1.8% respectively.Investors will be watching: Metcash (ASX:MTS), APA Group (ASX:APA) and Praemium (ASX:PPS).
Aussie shares came under pressure at the open, falling 1.9%, following Wall Street and European equities which lost 2.2% and 2.3% respectively. With the risk-off environment returning, money flowed back into bonds and gold, pushing the gold price up 0.2%. Meanwhile, oil gained 1.7%, moving back above $20 a barrel.Today, investors will be watching:Financials, Energy and MaterialsWoodside Petroleum (ASX:WPL)Contact Energy (ASX:CEN)Star Entertainment (ASX:SGR)Vista Group (ASX:VGL)Stocks bucking from COVID-19, Fisher & Paykel (ASX:FPH), Costa Group (ASX:CGC), Resmed (ASX:RMD), Metcash (ASX:MTS), Coles (ASX:COL), Chorus (ASX:CNU) and all defensive stocksThe US dollar
In this episode, I was delighted to speak to Will Zhao, Head of China Operations at Metcash Asia. Will has an extensive industry experience prior to joining Metcash in China. In this episode, we discussed Metcash's unique China strategy, its target audience, common myths perceived by foreign businesses as well as tips and advice for brands that are trying to enter the market. Show notes: https://www.quriouschina.com/blog/qurious-china-podcast-episode-3-common-myths-cross-border-ecommerce-with-will-zhao-metcash
Professor Anne Louise Lytle received her Bachelor of Science Degree from Cornell University in the field of Neurobiology and Behaviour, and both her MS and PhD in Organisational Behaviour with a specialisation in Negotiation & Dispute Resolution from the Kellogg Graduate School of Management, Northwestern University. Professor Lytle has taught, presented, and consulted in organisations and universities across the globe. She has been a faculty member at the Hong Kong University of Science and Technology and the Australian Graduate School of Management, and an adjunct faculty at the Ross School of Business at the University of Michigan, Sasin Graduate School of Business at Chulalongkorn University, the Graduate School of Business at the University of Sydney, Carnegie Mellon University Australia, Macquarie Graduate School of Business, and the Melbourne Business School at the University of Melbourne. She has served as a consultant to the United Nations in South-East Asia and a principal investigator for the Hong Kong government to explore negotiation and conflict processes across the Asia Pacific. She has published in top academic journals, is an active member of the Academy of Management and is a board member and Past-President of the International Association for Conflict Management. For more than a decade, she was the Director of Lytle and Associates Pty Ltd, which provided consulting and training to public, private and non-profit organisations specialising in negotiation, conflict management, emotional intelligence, leadership and managing people for high performance. Some examples from her long list of clients over the years includes Air New Zealand, ANZ Bank, APM Terminals, Boeing Corporation, BT Financial Group, Care Australia, David Jones, EBay Inc., Fenton Stephens, Goodyear Dunlop, KPMG, Metcash, Pfizer, Network 9, Network 10, Telstra, Qantas and the World Wildlife Fund. In 2015, Anne took on the role of Professor and Director of Leadership at the Monash Business School, Monash University, where as part of the senior leadership team, she will work to build the new Monash Business School.
1) How the mining industry lost $270b 2) Kogan is floating on the Stock Exchange - buy? 3) Metcash takes a dive See omnystudio.com/policies/listener for privacy information.
This week Janine Cox discusses developments in the consumer staples sector, in particular Woolworths and Metcash.
Upfront Investor Podcast: Weekly Australian Stock Market Update | Trading and Investing Education
This week Janine Cox discusses developments in the consumer staples sector, in particular Woolworths and Metcash.
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