ASX: CYA

Wilson Asset Management weekly: Seven Group Holdings and Qantas

Chris Stott

As reporting season comes to a close, with almost 85% of companies now having reported, the S&P/ASX All Ordinaries Accumulation Index closed up 1.8% for the week. Over 200 companies reported their results this week, representing 21% of the top 200 and 50% of listed small-cap companies. Overall, it has... Show More

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Wilson Asset Management weekly: Positive sentiment returns | Spotlight on Aveo Group

Chris Stott

After what many would describe as a ‘bloodbath’ in the market, positive sentiment returned this week, with the S&P/ASX All Ordinaries Accumulation Index closing up 1.4%. The US Dow Jones Industrial Average recovered almost all of its losses from last week, leading the charge in global markets. We believe there... Show More

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Wilson Asset Management weekly: Westfield and Smartgroup

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed up 0.2% for the week. On Wednesday, the Westpac-Melbourne Institute index of consumer sentiment jumped to a four year high, rising 3.6% in December. On Thursday, data from the Australian Bureau of Statistics reported Australia’s population continues to grow at a fast pace.... Show More

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Wilson Asset Management weekly: Reckon and Incitec Piviot

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed down 0.7% for the week. On Wednesday, the Westpac-Melbourne Institute index of consumer sentiment fell 1.7% in November. On Thursday, data from the Australian Bureau of Statistics (ABS) reported Australia’s unemployment rate fell to a near five-year low. Show More

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Wilson Asset Management weekly: Flight Centre, CBA and Westfield

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed up 1.4% for the week. This week the All Ordinaries Index continued to climb past the 6,000 point mark for the first time since the Global Financial Crisis, largely driven by the banking and mining sectors. The Australian equity market has now been... Show More

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Wilson Asset Management weekly: Star Entertainment Group and Pacific Current Group

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed flat for the week. On Wednesday, the Australian Bureau of Statistics announced the second-quarter financial year consumer price index (CPI) was left unchanged at 1.8%, falling well below economists’ expectations and lowering the probability of the Reserve Bank of Australia increasing its cash... Show More

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Wilson Asset Management weekly: Higher premiums on the horizon

Chris Stott

We are pleased to be awarded the winner of the listed investment company fund manager category for the fourth year in a row at the 2017 Professional Planner | Zenith Fund Awards today. Congratulations to all the winners and finalists. Show More

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Wilson Asset Management weekly: China to drive Australian growth, Origin and Superpharma

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed relatively flat for the week and finished the first quarter of the financial year up 1%. On Tuesday, the Reserve Bank of Australia (RBA) Assistant Governor (Financial System) Michele Bullock said the central bank will continue to consider the heightened level of household... Show More

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Wilson Asset Management weekly: Insights from the CLSA conference in HK, Seven Group Holdings and CBA

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed down 0.2% for the week. Minutes from the Reserve Bank of Australia’s (RBA) meeting released on Tuesday suggested that reduced demand for steel production in China would indicate downside risks to the current iron ore price. We note that the Australian market is... Show More

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Incitec Pivot upgrades

Matthew Haupt

On Tuesday, chemical agriculture company Incitec Pivot Limited (ASX: IPL) received an upgrade to its debt rating. We believe fertiliser prices have bottomed and combined with the debt re-rating, the company will generate solid earnings and improve its balance sheet. Shares in Incitec Pivot closed up 7.0% for the week.... Show More

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