The stock of the day on ausbiz is Downer (ASX: DOW)
Engineering firm, Downer (ASX: DOW) has reported a net profit after tax of $82.1M, up from a net loss of more than $385M in the previous financial year. CEO Peter Tomkins says the results are due to a refreshed leadership team and significant changes to its operating model. The company is now targeting a higher earnings margin of 4.5% for FY25. Our experts, Michael Gable from Fairmont Equities and David Novac from Wealthwise Education, share their (technical analysis) views on the stock. Michael says that looking at the charts and what happened in February after the last time Downer reported, he says there's some movement now and then likely nothing for a few months. David agrees saying that there's definitely some momentum at the moment which is an opportunity... To buy, hold or sell?
Watch the full episode here: https://ausbiz.co/thecall-3008
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Despite revenue being down and challenges in the UK market, Alcidion (ASX: ALC) CEO Kate Quirke is positive about FY25 with annual recurring revenue up and $28M of booked revenue already. Full interview here: https://ausbiz.co/3T9bzXf #ausbiz #stockmarke
Despite revenue being down and challenges in the UK market, Alcidion (ASX: ALC) CEO Kate Quirke is positive about FY25 with annual recurring revenue up and $28M of booked revenue already.
Full interview here: https://ausbiz.co/472kcZf
#ausbiz #stockmarket #ASX #reportingseason #fy24
NEXTDC (ASX: NXT) has reported record revenue in FY24 and CEO Craig Scroggie says that the $1B they're investing in data centres is an investment in the "fourth industrial revolution". Listen to the full interview here: https://ausbiz.co/3yNs9VD #ausbiz
NEXTDC (ASX: NXT) has reported record revenue in FY24 and CEO Craig Scroggie says that the $1B they're investing in data centres is an investment in the "fourth industrial revolution".
Listen to the full interview here: https://ausbiz.co/4cIlBW3
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The stock of the day on ausbiz is Wesfarmers (ASX: WES)
Wesfarmers (ASX: WES) has reported a 3.7% rise in annual profit, boosted by strong sales across its divisions but primarily from its top retail units Bunnings and Kmart. Net profit after tax for FY24 was $2.56B, in line with estimates and higher than $2.47B from the year before. Wesfarmers will pay out a final dividend of $1.07 per share. Our experts, Ben Richards from Seneca Financial Solutions and Jonathan Tacadena from MPC Markets, share their views on the stock. Jonathan says that based on the current trajectory, he thinks Wesfarmers is close to a top so wouldn't be bring fresh money to the stock. Ben says that's it a bit too richly priced but can see the attraction of the stock to a "hold and never sell" type of investor, but is it for him? Will it be a buy, hold or sell?
Watch the full episode here: https://ausbiz.co/4g1Egiu
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Nine Entertainment (ASX: NEC) will be focussing on streaming after profits plunge but CEO Mike Sneesby highlights promising growth potential as shown by the company's subscription and digital revenues. Watch the full interview here: https://ausbiz.co/4cL
Nine Entertainment (ASX: NEC) will be focussing on streaming after profits plunge but CEO Mike Sneesby highlights promising growth potential as shown by the company's subscription and digital revenues.
Watch the full interview here: https://ausbiz.co/4g2znWf
#ausbiz #stockmarket #ASX #reportingseason #fy24
Woodside (ASX: WDS) CEO Meg O'Neill is confident of strong dividend payouts and explains how the company is thriving through the energy transition. Watch the full interview here: https://ausbiz.co/4ggBmGX #ausbiz #stockmarket #ASX #reportingseason #fy24
Woodside (ASX: WDS) CEO Meg O'Neill is confident of strong dividend payouts and explains how the company is thriving through the energy transition.
Watch the full interview here: https://ausbiz.co/3T9LXcK
#ausbiz #stockmarket #ASX #reportingseason #fy24
The stock of the day on ausbiz is Nine Entertainment (ASX: NEC)
Nine Entertainment (ASX: NEC) has reported a 3% drop in revenue to $2.6B and a 22% drop in FY profit to $216.4M. With a strong focus on pulling out costs for both FY24 ($47M) and another $50M in FY25, there are a number of headwinds in media at the moment. Our experts, Michael Wayne from Medallion Financial and Luke Winchester from Merewether Capital, share their views on the stock. Michael says the whole media sector is doing it tough at the moment and it's hard to see it getting much worse. Luke says that he was expecting to see the structural challenges in the results and points out there are some "green shoots" with the digital side of things but agrees with Michael - it's tough going. This isn't a stock for a growth investor, he says! So will it be a buy, hold or sell?
Watch the full episode here: https://ausbiz.co/thecall-2808
Trade your Stock of the Day with IG: https://ausbiz.co/IG
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Johns Lyng (ASX: JLG) Australia CEO Nick Carnell explains how the company is building on its growth strategy and its resilience in the face of economic cycles and interest rates. Watch the full interview here: https://ausbiz.co/3z6OY6y #ausbiz #stockmark
Johns Lyng (ASX: JLG) Australia CEO Nick Carnell explains how the company is building on its growth strategy and its resilience in the face of economic cycles and interest rates.
Watch the full interview here: https://ausbiz.co/3T788Ah
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Despite a volatile environment, BHP (ASX: BHP) continues to deliver strong results and CFO Vandita Pant points out that while there may be a surfeit of iron ore, their cost-effectiveness as a producer will see them through. She also points out that BHP's
Despite a volatile environment, BHP (ASX: BHP) continues to deliver strong results and CFO Vandita Pant points out that while there may be a surfeit of iron ore, their cost-effectiveness as a producer will see them through. She also points out that BHP's focus will shift towards "future facing commodities" such as copper and potash.
Watch the full interview here: https://ausbiz.co/473tiVC
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The stock of the day on ausbiz is Zip Co (ASX: ZIP)
Zip Co (ASX: ZIP) has posted a full year loss of $449,000, an improvement on FY23 loss. Cash gross profit was up 53% on the year to $373M. As of 30th of June, Zip had 6 million customers, down slightly on FY23. The company does not have a dividend policy. Our experts, Francesco De Stradis from Ord Minnett and Kai Chen from MPC Markets, share their views on the stock. Kai points out that Zip used to be a hot stock but shares have tumbled, however the business has been restructured and this is the first year in profit. He notes too that the issue is that the market is not seeing the growth expected. Francesco says Zip has come good with these results after seeming "to be destined for the scrapheap" in 2023. He says that short-term weakness in the share price could create some buying opportunities. So will lit be a buy, hold or sell?
Watch the full episode here: https://ausbiz.co/thecall-2708
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Servcorp (ASX: SRV) has served up a 253% profit jump and CEO Alf Moufarrige's vision for future growth is ambitious but backed by Servcorp's proven resilience in navigating the changing business landscape. Watch the full interview here: https://ausbiz.co
Servcorp (ASX: SRV) has served up a 253% profit jump and CEO Alf Moufarrige's vision for future growth is ambitious but backed by Servcorp's proven resilience in navigating the changing business landscape.
Watch the full interview here: https://ausbiz.co/3yUia0y
#ausbiz #stockmarket #ASX #reportingseason #fy24
Despite a fall in profits, Praemium (ASX: PPS) has managed to grow their FUM by a remarkable 30%. CEO Anthony Wamsteker shares more, plus modernizing their platforms, increasing market share and revenue. Full interview here: https://ausbiz.co/3yXbMWr #au
Despite a fall in profits, Praemium (ASX: PPS) has managed to grow their FUM by a remarkable 30%. CEO Anthony Wamsteker shares more, plus modernizing their platforms, increasing market share and revenue.
Full interview here: https://ausbiz.co/4cE4BQL
#ausbiz #stockmarket #ASX #reportingseason #fy24
RPM Automotive Group (ASX: RPM) are revving a near 300% jump in profit and CEO Guy Nicholls is confident that they can keep this momentum going. Listen in to the full interview here: https://ausbiz.co/3T7SjJt #ausbiz #stockmarket #ASX #reportingseason #f
RPM Automotive Group (ASX: RPM) are revving a near 300% jump in profit and CEO Guy Nicholls is confident that they can keep this momentum going.
Listen in to the full interview here: https://ausbiz.co/4dB4ruB
#ausbiz #stockmarket #ASX #reportingseason #fy24
Step One (ASX: STP) is stepping up its growth, not just domestically but worldwide. CEO Greg Taylor says partnerships with NGOs, corporates and athlete ambassadors are key to this growth. Full interview here: https://ausbiz.co/4dtxsIK #ausbiz #stockmarke
Step One (ASX: STP) is stepping up its growth, not just domestically but worldwide. CEO Greg Taylor says partnerships with NGOs, corporates and athlete ambassadors are key to this growth.
Full interview here: https://ausbiz.co/3yQ3KP2
#ausbiz #stockmarket #ASX #reportingseason #fy24
Centuria Capital Group (ASX: CNI) CEO John McBain talks us through the strategy for the coming year, anticipating a retail comeback as banks trim term rates and eyeing growth in private credit, agriculture and data centres. Full interview here: https://a
Centuria Capital Group (ASX: CNI) CEO John McBain talks us through the strategy for the coming year, anticipating a retail comeback as banks trim term rates and eyeing growth in private credit, agriculture and data centres.
Full interview here: https://ausbiz.co/4fPm8Zf
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Despite a strong performance in FY24, Inghams (ASX: ING) CEO Andrew Reeves flags cost-of-living pressures as clouding the outlook for FY25 and is clouded by and changes to their contract with Woolworths. He is optimistic though, that their biggest cost -
Despite a strong performance in FY24, Inghams (ASX: ING) CEO Andrew Reeves flags cost-of-living pressures as clouding the outlook for FY25 and is clouded by and changes to their contract with Woolworths. He is optimistic though, that their biggest cost - feed, should improve over the year, helping earnings.
Listen to the full interview here: https://ausbiz.co/3MiCtIg
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The stock of the day is Telix Pharmaceuticals (ASX: TLX)
Telix Pharmaceuticals (ASX: TLX) has reported a profit of $29.7M for H1 of FY24, reporting a loss of $14.3M in the same period last year. Gross margins improved 66% as the selling price for their prostate cancer imaging product stabilized with the company following what it described as "a disciplined cost control". Full year guidance has of $490M-$510M USD has been reaffirmed. Our experts, Mathan Somasundaram from Deep Data Analytics and Kai Chen from MPC Markets, share their views on the stock. Mathan says that it's a great company, but when investing in a sector such as biotech, the best thing is to pick them early and if you've missed out? Best to move on. Kai agrees saying that the important thing to remember is that if you're in it, there's a lot of downside risk when it is trading at the levels it is. So will it be a buy, hold or sell?
Watch the full episode here: https://ausbiz.co/thecall-2308
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Medibank (ASX: MPL) has reported a 14% net profit increase and CEO David Koczkar is optimistic about opportunities for growth in the non-resident market and happy to see retention rates higher than the market thanks to more sustainable practices. Full in
Medibank (ASX: MPL) has reported a 14% net profit increase and CEO David Koczkar is optimistic about opportunities for growth in the non-resident market and happy to see retention rates higher than the market thanks to more sustainable practices.
Full interview here: https://ausbiz.co/3SXwkF0
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The stock of the day on ausbiz is Whitehaven Coal (ASX: WHC)
Whitehaven Coal (ASX: WHC) has reported has reported an 87% drop in net profit after tax to $355 million, attributing the drop to inflationary pressures and lower volumes at its flagship Narrabri mine. It also announced that it will be selling a 30% stake in the Blackwater mine to Nippon Steel for $1.5B; the deal is expected to be completed in early 2025. Our experts, Grady Wulff from Bell Direct and Jonathan Tacadena from MPC Markets, share their views on the stock. Grady says that the results "weren't too bad" and notes that the sale of a third of the mine in Blackwater is a good way for the company to bolster itself for the payment owed to BHP next year. She also says that it's good to see the company diversifying too - this is a good sign of investment potential. Jonathan agrees with Grady saying that the combination of the results and the diversification is promising. He adds that despite concerns about the use of coal, it is still going to be used so sees growth in the future for Whitehaven Coal. Will it be a buy, hold or sell?
Watch the full episode here: https://ausbiz.co/thecall-2208
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Despite losses this financial year, PEXA Group (ASX: PXA) is showing improvements and outgoing CEO Glenn King is optimistic about the position the firm is in thanks to its digital solutions and expansion plans. Listen to the full interview here: https://
Despite losses this financial year, PEXA Group (ASX: PXA) is showing improvements and outgoing CEO Glenn King is optimistic about the position the firm is in thanks to its digital solutions and expansion plans.
Listen to the full interview here: https://ausbiz.co/46UUiXc
#ausbiz #stockmarket #ASX #reportingseason #fy24
