bell potter

Bell Potter

WOW's segment EBIT in Australian, Food, Liquor, and Petrol was up 2.1% to $3439.8m (reflecting subdued sales growth in H2’15), EBIT margin up 22bps to 7.2%. NZ super markets was up 5.2% to $326m; EBIT margin up 15bps to 5.55%. General Merchandise was down 25.3% to $114.27m; EBIT margin down... Show More

Bell Potter

IOOF divisions largely tracking as expected. The big news most are waiting for relates to the completed PWC independent report, which was due back on 14 August. The company has confirmed in relation to the PWC report that PWC has recommended some improvements such as: IFL will adopt the recommendations;... Show More

Bell Potter

Ramsay's Group EBITDAR margin increased from 18.2% to 19.2% and Australian Hospitals had EBIT growth of 11.6% and a margin uplift of 50bp. Ramsay's outlook: “Given the strong industry fundamentals and the continuing implementation of our successful growth strategy, barring unforeseen circumstances, Ramsay is targeting Core NPAT and Core EPS... Show More

Bell Potter

Perpetual had a strong net-flows of $449m into Perpetual Investments which occurred from 1st July to 21st August, with most into Australian equities, well ahead of our estimate. Divisional numbers: Perpetual Investments FY15 EBITDA of $138.1m below our $135.1m estimate (slight revenue miss); Perpetual Private FY15 EBITDA of $49.6m in... Show More

Bell Potter

The strength and depth of the Australian corporate bond market is reinforced by one of the world’s biggest and most profitable companies undertaking the largest issue of non-financial corporate debt since BHP in October 2012. With bond issues currently in USD, EUR, GBP, JPY and CHF, Apple is seeking to... Show More