February 2017 Reporting Season

Pat Barrett

It's clear that the broader market appreciated the stability of real estate earnings during reporting season, with the AREIT sector delivering a +4.1% return over February vs +2.3% for the ASX 200. This week we "mopped up" our affairs with a series of management meetings. It was a good reporting... Show More

Alex Cowie

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

Buy Hold Sell

Smaller companies have faced a wall of selling in the past 3 - 4 months as investors re position into banks and resources. Reporting season has provided an opportunity to assess the damage and to start scouring for opportunities. David Allingham from Eley Griffiths and Andrew Smith from Perennial share... Show More

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Hugh Dive

This week saw the end of reporting season for 180 of the ASX200 companies and around 2,000 of the companies listed on the ASX. Over the past month these companies revealed their profit results for the last six months and provided guidance as to how they expect their businesses to... Show More

Morgans Financial Limited

Nanosonics posted a 1HFY17 result of A$22.0m which included a tax benefit of A$11.7m, as management determined that it is probable that taxable profits will be generated against carried forward tax losses in the Australian entity. The NPBT was A$10.3m which was ahead of our forecast of A$6.0m. Sales were... Show More

Dean Fergie

Domestic credit provider Money3 has posted a solid 1H17 result reporting an NPAT of $13.7m, well ahead of market expectations. New management installed last year have now proven themselves by profitably driving the company’s new strategic direction. Previously exposed to the controversial (and regulatory risky) small amount credit contracts (SACC),... Show More

John Murray

I have taken a few short strolls from Wynard Station to Barangaroo since it was transformed from a complex construction site to a bustling new part of Sydney’s CBD. Recalling how pessimistic some people were about this massive project undertaken by Lendlease I note that the offices are full and... Show More

Livewire Exclusive

In this final installment of our reporting season series, we once again asked some of Australia’s leading fund managers to highlight the standout earnings result this week. After punching in strong numbers that converted to an 8% jump in dividends, QBE received votes from both K2 and Atlas Funds. Perennial... Show More

Nikko Asset Management Australia

LendLease’s net profit rose 12% for the half year ending 31 December 2016, underpinned by earnings growth in all its major operating segments. The development segment was driven by Australia while the construction segment was supported by improved performance in the Americas. The interim distribution announced was AUD 0.33 per... Show More

James Gerrish

As part of Livewire's exclusive reporting season coverage, each week I’ve been nominating a ‘Good’, ‘Bad’, and ‘Ugly’ result - with this week's lineup being QBE, Japara and Flight Centre respectively. On the ‘Ugly’ result, I ask whether Flight Centre’s bricks-and-mortar retailing of travel agency services is in structural decline,... Show More

Glennon Capital

Last week marked the busiest week of the current reporting season. With most of the smaller companies reporting there was no shortage of stocks to profile. We take a look at three of these businesses, how they have fared during the reporting period and what this means for the businesses... Show More

David Poppenbeek

For the year to December 2016, QBE Insurance grew its profit by 23%. The group delivered its highest return on average shareholder’s funds in 6 years and increased the A$ dividend per share by 8%. It would appear that 2016 could be the turning point in QBE’s fortunes. Show More

Julian Babarczy

The Regal Emerging Companies Fund is focused on smaller, higher growth opportunities, with one aim being to identify the next exciting micro-cap business that can transition through to become a successful larger company. The success of these types of investments is often linked to predicting when a company with a... Show More

Hugh Dive

As a long-term participant in the Australian equity markets, one would have to look back to August 2007 or nineteen reporting seasons before the words “QBE Insurance” and “Result of the Week” had been uttered in the same sentence. Show More