ASX:WLE

Wilson Asset Management weekly: Origin Energy and SG Fleet results

Chris Stott
Chris Stott Wilson Asset Management

As reporting season continues this week we have seen many companies provide conservative outlook statements for the year ahead, confirming a backdrop of moderate earnings growth. Among the themes to emerge is companies reinvesting into their businesses to drive growth in a relatively anaemic economic environment. In this week's report... Show More

Macquarie holds steady

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Thursday, diversified financial services company Macquarie Group (ASX: MQG) reaffirmed its earnings guidance at its annual general meeting. The company reported improvements in commodities and global markets trading activity, increased lending in its corporate and asset finance division and greater debt capital markets activity. We believe the short-term outlook... Show More

Seven Group Holdings digs deep

Chris Stott
Chris Stott Wilson Asset Management

On Wednesday, Seven Group Holdings’ (ASX: SVW) shares were bolstered after heavy machine maker Caterpillar announced strong sales and revenue figures and a positive outlook statement with its second quarter earnings report in the US. Seven Group owns WesTrac, which is the authorised dealer of Caterpillar equipment in New South... Show More

IAG shares surge

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Wednesday, Insurance Australia Group Limited (ASX: IAG) surprised the market with an increased profit forecast due to better than expected claims costs. The company said lower than anticipated claims costs predominantly related to compulsory third party (CTP), liability, professional risk and workers compensation. Following the announcement, IAG shares surged... Show More

CommSec: Woolworths and the Amazon threat

Matthew Haupt
Matthew Haupt Wilson Asset Management

This week I sat down with Tom Piotrowski from CommSec to discuss Wilson Asset Management’s large cap LIC, WAM Leaders . In addition, I discuss the Australian insurance market, Woolworths and the Amazon threat, local infrastructure and the strengthening US dollar. Show More

Our preferred picks in infrastructure and retail

Matthew Haupt
Matthew Haupt Wilson Asset Management

My colleague John Ayoub, Senior Equity Analyst, outlines our views on local infrastructure and supermarket exposures. Boral is a key pick in infrastructure and we also believe negativity towards retailers is being overplayed. In this sector our preferred picks are Woolworths and Metcash. Show More

CSL Limited ready for China

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Tuesday, CSL Limited (ASX: CSL) announced its decision to acquire 80% of the equity of plasma-derived therapies manufacturer, Wuhan Zhong Yuan Rui De Biological Products (Ruide) in China for US $352 million. The transaction will see the company enter the Chinese domestic plasma fractionation market. CSL Limited has demonstrated... Show More

Small caps firing up again?

Livewire Exclusive

May 2017 marked the first month since September 2016 that the Small Ordinaries Accumulation Index outperformed large caps. Livewire reached out to six small cap specialists to ask: “Is this a turning point”? The consensus seems, with some terms and conditions, to be: “Yes”. Read on for responses from Wilson... Show More

Flight Centre on the right flight path

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Thursday, Australia’s largest travel agent Flight Centre Travel Group (ASX: FLT) presented at the Macquarie Conference. The company reaffirmed their FY17 guidance of $300m to $330m underlying profit before tax, down 7-15% on the previous corresponding period, which had been impacted by declining prices in international airfares over the... Show More

How to identify outstanding LICs

Independent Investment Research
Independent Investment Research Independent Investment Research

Listed Investment Companies (LICs) have enjoyed somewhat of a renaissance ever since the Future of Financial Advice (FOFA) reforms levelled the playing field with unlisted trusts. In the last four years, 42 new LICs have been listed, bringing the total combined market capitalisation for all LICS to $31 billion at... Show More

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Merged Janus Henderson Investors to surge

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Monday, Henderson Group PLC (ASX: HGG) announced an update on its proposed merger with Janus Capital Group. Janus Henderson Investors expects to have a combined market capitalisation of c.US $5.6 billion, with Henderson holding approximately 57% of the merged group and Janus approximately 43%. The Dai-ichi Life Insurance Company,... Show More

Nufarm FY2017 half year results

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Wednesday, agricultural chemical company Nufarm (ASX: NUF) announced its FY2017 half year results, with revenue up 15% on the previous corresponding period and underlying earnings before interest, tax and amortisation (EBITDA) also up 15% to $128.7 million. Despite tough operating conditions, Nufarm benefitted from new product launches, market share... Show More

AUB Group to grow

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Monday, insurance broking outfit AUB Group (ASX: AUB) announced its half year results, reporting a 12.7% increase in adjusted net profit after tax (Adjusted NPAT) to $14.5 million and a 15% increase in revenue from ordinary activities to $121.8 million. We expect to see continued growth in AUB which... Show More

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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

Up to the Challenger

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Tuesday, investment management firm Challenger Limited (ASX: CGF) announced its half year results. The Company reported a normalised net profit after tax (NPAT) of $197 million, up 8% on the prior corresponding period and a 12% increase in assets under management to $64.7 billion. The Company has continued to... Show More