• The ASX 200 touched another high since May 2008 this morning before selling off and ending 12 points lower at 5,904. • The Earnings season continue...
Nicholas Forsyth
Market Matters
• The ASX 200 touched another high since May 2008 this morning before selling off and ending 12 points lower at 5,904. • The Earnings season continue to dominate the market recently with the following today: -Wesfarmers (WES) down 1.6% at $45.18 after slightly missing consensus earnings and reporting a $0.89 fully franked dividend. -AMP up 2.5% at $6.66. Its earnings were ahead of analysts' expectations with a dividend of $0.18. -Crown Resorts (CWN) rallied 9.8% at $15.88 after reporting its first half earnings above consensus. -Fairfax (FXJ) closed 2.3% higher at $0.91 after reporting its earnings in line with expectations. FXJ have also announced a 5% buyback over the next 12 months. -Origin Energy (ORG) reported its earnings slightly lower than consensus and announced an unfranked dividend of $0.25/share. ORG closed 0.2% higher at $21.76 -Super Retail (SUL) rallied 10% at $9.71 despite posting a loss of 46% of net profit for the year. Investors looked past this and focused on its future plan with its outdoors businesses. -iiNet (IIN) slumped 11% at $6.41 after its earnings were below consensus. (VIEW LINK)
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Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self Managed Super Fund (SMSF). As a member, you will receive twice daily and weekly trading and investment advice focusing primarily on ASX equity investments. Additionally, we share his market positions and provide an ongoing outlook on key stocks and markets that matter. We provide clear share trading and investment buy and sell recommendations with the clear aim of outperforming the market. https://marketmatters.com.au/
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Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
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