Good Morning, The past six months has certainly been tough for Australian businesses.... Companies have certainly had to work hard for revenue and sales...

Niv Dagan

Peak Asset Management

Good Morning, The past six months has certainly been tough for Australian businesses.... Companies have certainly had to work hard for revenue and sales growth.... Usually the earnings season is characterised by one or a number of key themes. Higher Dividends? On-market share buy-backs? Growing revenue and top-line growth? This time around, this wasn't the case... The only real standout has been the determination of Australian companies to pay a dividend to shareholders. When interest rates are at record lows, who can blame them? So who were the main winners and losers? Companies dependent on home building and the construction sectors have done well (Boral, Aveo Group, and retailers like Harvey Norman). There have also been solid results in the telecommunications (MTU, TLS) and Healthcare Sectors (SRX, HSO & RHC). The resource and mining services sectors have been buffeted by lower oil and iron ore prices... The full-time scoreboard from AMP Capital reads as follows: • 55% of results have beaten expectations against a norm of 45% • 66% have seen profits rise a year ago • 52% have seen their share price outperform the day results were released • 62% have increased their dividends


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Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

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