Fixed Income
So far in 2019, credit markets have been buoyed by the US Federal Reserve’s (Fed) announcement of a pause in its Quantitative Tightening (QT) program and the shift in the Fed’s language away from being hawkish. In recent months, the Reserve Bank of Australia (RBA) has also signalled that the... Show More
Woolworths’ interim result last month disappointed and the shares fell briefly before rebounding to where they were before the result: around $30. Does this mean there is nothing to worry about after all and the stock is a buy? Show More
Woolworths “is a wonderful organisation, with enormous upside.” This was the first thing former CEO Grant O’Brien said about Woolworths in his inaugural address to the market in November 2011, shortly following his appointment. Show More
Woolworths (WOW) returned to profitability in FY17, posting a $1.5bn profit for the 12 months ended 25 June 2017, thanks to strong sales momentum at its core supermarket chain late in the year. While the headline result is a huge improvement on the $1.2bn lost last year, due to billions... Show More
Head of Research Nathan Bell explains what Amazon's recent bid for US grocer Whole Foods means for grocery retailers at home and abroad such as Coles and Woolworths, while highlighting an undervalued cable TV and broadband provider that the market's forgotten. Show More
Caltex (ASX:CTX) shares added value in May as investors began to revisit this name. Show More
Could a television show about Hugh Hefner, the Playboy founder, form part of a competitive threat to Australian retailers Coles and Woolworths? Show More
Woolworths (WOW) reported that first net profit after tax (NPAT) from continuing operations fell 16.7% compared to the prior year to $785.7 million. This compared to a net loss after tax (NLAT) of $972.7 million in in the corresponding period last year, reflecting the impact of significant items which totalled... Show More
Within investing, dealing with success isn’t the problem; understanding when your roadmap isn’t working out is the hard part. If you change your mind too early, you run the risk of shutting down good ideas on what we’d call “noise”. The original thesis on Woolworths in 2015 was of over-earning... Show More