TMS Capital reporting season update

As often happens in reporting season, there were some great results to begin with this year. REA Group has released a bumper result, with revenue growth reverting to the trend of around 20% p.a. This business has one of the highest returns on equity of any business at the top end of the market. Whilst earnings were only up 1%, Commonwealth Bank reported a solid result and maintained its dividend. “CBA delivered a result which was typically unexciting in that there were no issues.” Meanwhile, CEO Ian Narev provided positive commentary suggesting that the state of the Australia economy is better than it’s been in a couple of years. Watch the video for our thoughts on these, plus Macquarie Group, CSL, Invocare, Carsales.com.au, Primary Health, Challenger and Aveo Group.