February 2019 Reporting season

Marc Whittaker

A2B’s (A2B) result on Wednesday highlights, in our view, the traction the company is beginning to generate from reinvesting back in the business. Over 12 months ago, in the face of intense competition from other ride-sharing providers, A2B made the decision to increase its investment in technology, marketing and fleet.... Show More

Hugh Dive

In each semi-annual reporting season, there are a few dates in the calendar that a fund manager will have circled either with pleasure or trepidation, either due to the expectation of a very good result or the fear that unpleasant issues will be uncovered. In February 2019 two of those... Show More

Equities
Shane Fitzgerald

Lovisa's (LOV) result has been very well received by the market, due to a number of factors. Firstly, leading into the result there were concerns due to the tough retailing environment in Australia that like for like sales would deteriorate – the actual result shows a deterioration of just 1.8%... Show More

Bell Potter

We recap some of the profit reporting season highlights from the past week including Bionomics, Medical Developments International, Accent Group, Altium and WiseTech Global. Full reports are available below via links. Show More

Romano Sala Tenna

Mineral Resources Limited’s 1st half was uncharacteristically subdued, with revenue, EBITDA, NPAT and dividend all down on the prior corresponding period, and in some cases by a significant margin. Being long-term followers of MIN, most of this was already factored into our models and was consistent with prior management guidance.... Show More

Andrew Lewandowski

Origin Energy (ORG) is an Australian energy company with two key divisions: Energy Markets, an Integrated Utility business that generates electricity and sells electricity and gas to household and business customers; and APLNG, a high‑quality liquified natural gas project in Queensland. ORG has a market capitalisation of $13 billion. Show More

Tim Kelley

Telstra recently reported their half-year results - revenue, earnings and cash flow all broadly lined up with expectations so there weren’t many surprises. Although since we last looked at Telstra there have been some interesting developments. I discuss these in the following four minute video. Show More

Equities
Matthew  Coleman

Stockland announced their 1H19 results this morning. Conditions remain challenging for the group with a deterioration in housing market conditions, reduced credit availability, political uncertainty and weakening consumer sentiment all weighing on performance. This will likely see the group’s full-year results at the lower end of FFO (an earnings/ cashflow... Show More

Andrew Mitchell

Never before has the Australian small and mid-cap equity market experienced such a broad variety of Australian and NZ-based businesses achieving stellar success in overseas markets. Where offshore expansions have long been an investment graveyard for larger-cap Australian businesses desperately looking for growth avenues to supplement mature domestic market positions... Show More