Rio Tinto has reported an interim underlying profit of $US3.94b, up from US$1.56b a year ago. The result was slightly lower than consensus forecasts. Its interim dividend jumped to a record US$1.10 per share, compared to US$0.45 a year ago. Show More
In his excellent new quarterly letter, ‘Oh, the good old days’, Legendary value investor, Jeremy Grantham, rips into the reasons and ramifications of the richly valued S+P500 that has had an average PE 65% higher in the twenty years since 1997 than the period before. He blames abnormally high US... Show More
Mining industry profits may have started to stabilise during the first half of 2016 with two consecutive quarterly rises, albeit only modest, in seasonally adjusted pre-tax profits in the March and June quarters of 2016, according to the Australian Bureau of Statistics, after a dramatic cyclical decline over the prior... Show More
Australian pre-tax mining profits were 42% lower in the March quarter than a year earlier, according to data published by the Australian Bureau of Statistics. Profit over the four quarters ended March 2015 of $32.9 billion was less than half the cyclically peak profit of $78.3 billion over the year... Show More
“You know, someone once told me that New York has more lawyers than people. I think that’s the same fellow who thinks profits will become larger than GDP. When you begin to expect the growth of a component factor to forever outpace that of the aggregate, you get into certain... Show More
Are US equities in a bubble? An article on Yahoo Finance suggests it's far from a sure thing. Analysts who claim stocks are in a bubble have mostly been focusing on prices in relation to bottom line profits. However, operating profits are sitting right near the 30-year average. In... Show More
US After tax Corporate Profits are at all time highs and while the inclination is to say this is driven exclusively by programs like QE and ZIRP, the pre-crisis profit picture was also very rosy. The corporate sector is actually well positioned: Balance sheets are the cleanest in a long... Show More
Wall St analysts lower expectations for future growth. Analysts expect Q2 revenue growth to be a weak 1.1%. This is lowest prediction since analysts starting releasing expectations last year when Q2 revenue was expected to be close to 4%. For the second half of the year, analysts now expect sales... Show More