Sydney Airport (SYD) reported a lift in its half year revenue, profit and dividend while raising its distribution guidance to shareholders for FY17. Show More
When we said yesterday that considering June’s seasonal weakness investors should keep some ammunition for buying opportunities later in the month, we didn’t imagine the market was literally about to fall off a cliff! Let’s stand back and look afresh at the statistics for May / June since the GFC... Show More
We highlight the recent share price weakness in toll road owner and operator Macquarie Atlas (MQA). We explain in simple terms why the share price has fallen 15% in several weeks for reasons not explainable by its fundamentals and highlight the opportunity to take advantage of the situation presented by... Show More
Last month, we wrote: Show More
Brambles (BXB) posted a FY net profit of US$587.7m up 1%. The result was in line with upgraded guidance and took into account the one off impairment charge of US$38m against the value of its Oil & Gas assets, reflecting the current market conditions in the Oil & Gas sector:... Show More
We continue to view Kingsford Smith Airport as a high quality infrastructure play, leveraging passenger growth through its aeronautical infrastructure into higher returning commercial activities. Traffic growth has been strong, running well above historical trend rates. We have upgraded our traffic forecasts to reflect this recent growth, but have reduced... Show More