ASX:BSL

The best and worst of reporting season

Livewire Exclusive

Catherine Allfrey from Wavestone Capital and Chad Slater from Morphic Asset Management highlight the best and worst from reporting season, including one company that Morphic has been openly short on, but has revised its view post-reporting season, saying: “My god, it was a good result.” Show More

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Bad and Fake Buy-backs

Hugh Dive
Hugh Dive Atlas Funds Management

Earlier this month casino operator Crown Resorts announced a buy-back of up to 4.2% of its outstanding shares, which builds on the $500 million of stock the company had already bought back over the past 12 months. Despite this prima facie positive announcement Crown has fallen 9% in August as... Show More

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Sunset Strip > Trading Day Wrap From Blue Ocean 20170822

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market climbed back higher gradually on the back of strong metal prices. Local market still struck in the narrow trading range since May. US market and geopolitics remain the macro overhang while reporting season is driving substantial volatility. Growth stories missing guidance or weak outlook statement are facing 15-20%... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170821

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market fell on global sentiment despite bounce in Iron Ore and Oil. US market heads the negative catalyst list. US market risk remains key for local market…(1) VIX looks to break above post election high (2) Russell 2000 (i.e. US domestic facing) has pulled back below 200 day MA... Show More

BlueScope Steel Full Year Result: BSL shares slump on disappointing guidance

CommSec
CommSec Online Stockbroker

BlueScope Steel (BSL) posted a softer than expected annual underlying profit result, despite more than doubling earnings to $650.8m for the 12 months ended June 2017. The result was held back by rising input commodity prices and slowing momentum in its cost reduction plans. The company announced a smaller than... Show More

ASX:BSL Bluescope Steel Steven Daghlian August 2017 Reporting Season

Sunset Strip > Trading Day Wrap From Blue Ocean 20170807

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market bounced back after 3 consecutive negative days on the back of solid US non farm payrolls and better commodities. The last time market had 4 consecutive negative days was in early May…and our market has been going sideways since then. Local market and currency got a slight boost... Show More

Profit warnings and profit upgrades in 2017

Richard Coppleson
Richard Coppleson Bell Potter

Of the profit warnings this year, 81% of them have been "downgrades". I have found some really interesting observations that I’ll mention through this note that are worth being aware of, before then discussing the main 15 "Positive" Profit Warnings in 2017. Show More

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Half Year Report Card for Australian Equities

Hugh Dive
Hugh Dive Atlas Funds Management

The last six months have been stressful for Australian equity investors, despite the calm suggested by the ASX200 delivering a total return of +3.2% (capital appreciation plus dividends). December’s Santa Claus rally/Trump reflation tradewent a bit sour in January, similar to the feeling given by excessive consumption of four litre... Show More

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Winners, losers and naysayers in FY17

BT Investment Management

There were clear winners and losers in 2016/17, both at an asset class and investment-specific level. Share investments were the place to be but badly timing when to buy and sell could have resulted in very different outcomes. Trump, Brexit, Frexit, Nexit and no exit (in the case of Italy’s... Show More

Our latest trading tip - Bluescope Steel

Michael Gable
Michael Gable Fairmont Equities

We have another great trading idea for Livewire readers. Looking back at the last 10 stocks that we have covered here, 9 have done what we predicted, with only one stock doing the opposite*. Hot on the heels of this, we present another trading idea. This time we are trading... Show More

fairmont equities ASX:BSL

Livewire readers' Top 20 stock calls

Alex Cowie
Alex Cowie Livewire Markets

It’s time to observe the halfway-mark for Livewire readers’ 2017 stock picks, nominated in December as part of our Outlook series. Read on to see the current top twenty, some recent contributor commentary on them, and the spreadsheet for the full list of 261 stocks with key metrics. Show More

Sunset Strip > Trading Day Blue Ocean Equities Market Wrap 20170505

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market continued the slide on weak commodities to deliver fourth consecutive negative day. Commodities keep falling and resource sectors continue to lead the market lower. MQG delivered a beat…was trading like it was on an upgrade cycle in recent days…but even that could not push the bank sector higher….WBC... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170413

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market fell from the start and stayed down as commodities slide started to weigh on markets. Yen trade continues to hammer the Japanese markets…but the global investor flow out of Japan to Aussie banks are beginning to slow down. It is the last day of trading before we go... Show More

5 top wires last month

Alex Cowie
Alex Cowie Livewire Markets

In case reporting season kept you busy, we've summarised five top wires in February for you. Peter Quinton’s top ten picks for 2017, our fund manager earnings results review, and Buy Hold Sell with ‘Quality stocks on sale’ all deliver useful stock ideas. On big picture thinking, we bring you... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170303

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market fell on the open and then recovered some losses to give up substantial part of yesterday’s gains. Markets are working through the implications of increased fiscal spending without spending cuts…likely to drive inflation higher and force US Fed to move faster than expected. US Fed rate hike March... Show More

BlueScope forging forward

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Monday, BlueScope Steel Limited (ASX: BSL) announced its half year results, reporting an underlying net profit after tax (NPAT) of $360 million, a 203% increase on the prior corresponding period. The Company said the strong growth was generated through productivity and cost improvements, sales growth, improved steel spreads and... Show More

ASX:BSL ASX:WLE

5 stocks that impressed ... and 1 that bombed

Livewire Exclusive

A group of Australia’s leading Fund Managers have each picked one stock they believe delivered a notable result this week. Sectors covered were diverse, including energy, tourism, materials, media, services, and consumer discretionary. The common thread among the outperformers is they have all ridden industry dynamics - and executed well... Show More

Bluescope well placed to ride sector dynamics

Nikko Asset Management Australia

BlueScope Steel’s first-half earning was marginally ahead of its latest guidance, surging almost 80% compared to the prior corresponding period. The company increased its dividend, a fully franked AUD 0.04 per share, and announced an AUD 150 million share buyback. The company achieved earnings growth across all its operating regions,... Show More

ASX:BSL February 2017 Reporting Season

Sunset Strip > Australian Market Trading Day Wrap

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market bounced off the lows from the morning selloff to halve the losses. Result update selloff in BXB and WOR drove industrials and energy sector as the worst performers on a day the market lacked any sentiment. CSV delivered another downgrade and it keeps the IT sector in higher... Show More

Mining dominates ASX200 leader board

Alex Cowie
Alex Cowie Livewire Markets

Mining, and mining related companies, completely dominate the list of the best performing ASX200 stocks over the last twelve months (Click below for table). And with US rates surging again on last night’s Fed decision, the push to value continues. In last week’s Buy Hold Sell, we hosted Value investing... Show More