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Nick Scali (ASX:NCK) released a trading update along with first half earnings guidance. Most analysts conclude that the update was a downgrade to the first-half consensus net profit after tax (NPAT); longer-term investors will look beyond the short-term effects of higher freight charges. continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Small Caps, Stocks We Like.

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There comes a point in our lives where we are exposed to the thought or process of retiring. It could come one day when we open our annual superannuation statement. Or it could come when a parent or workplace mentor announces their intentions to hang up the tools and move into the next phase of life… continue…

by Michael Gollagher Posted in Companies, Property, Small Caps, Stocks We Like.

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BHP (ASX:BHP) reported FY24 results that were generally in line with estimates. As one of the most poured-over companies on the Australian Securities Exchange (ASX), the lack of any great surprise is, in itself, no great surprise. Revenue grew three per cent to US$55.7 billion, while underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew four per cent to US$29 billion, the latter being slightly above consensus of US$28.7 billion and driven by a one to two per cent increase in copper equivalent production and higher commodity prices, the latter helping to offset a jump in costs.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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As we noted earlier last week, Guzman y Gomez (ASX:GYG) has wrapped up its first full financial year since going public with exceeding expectations and its prospectus guidance provided in May.  

The 26 per cent increase in network sales and 48 per cent rise in underlying earnings before interest, tax, depreciation and amortisation (EBITDA), which were both slightly ahead of prospectus forecasts has prompted house broker Barrenjoey to adjust its expectations upwards.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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Amid a hectic reporting week, we offer the following quick takes, highlighting the results of key, high-quality companies.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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Super Retail Group (ASX:SUL), the prominent Australian omnichannel retailer, reported its annual financial results for the fiscal year 2024, reflecting strong performance that was largely pre-guided, and a positive outlook for 2025. The company, which operates four key brands – Super Cheap Auto, Rebel, BCF (Boating, Camping & Fishing), and Macpac – continues to capture a significant share of the retail market in Australia.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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In a stellar financial performance, and in contrast to rivals, Guzman y Gomez (GYG) has significantly surpassed both its prospectus forecasts and market expectations for FY24. The fast-casual Mexican restaurant chain reported robust growth across key financial metrics, highlighting its successful strategic initiatives and strong consumer demand.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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As you know, four-wheel drive (4WD) aftermarket parts and accessories manufacturer, distributor and retailer ARB Corporation (ASX:ARB) is one of the highest A1-quality companies listed on the Australian Securities Exchange (ASX). As we have written here at the blog many times, I believe, over time, investors will transition from seeing it as being dominated by the cyclicality of its Australian business to a global, vertically integrated growth story with the U.S. ultimately generating vastly more revenue than its local operations.  continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.

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Australian Securities Exchange (ASX) healthcare leader CSL (ASX:CSL) posted a robust 11 per cent rise in sales from US$13.3 billion to US$14.8 billion, with CSL’s Behring segment, that markets products like immunoglobulin derived from blood plasma, contributing over 70 per cent of total sales. The company also reported a 21.8 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA), a 24 per cent rise in earnings before interest and taxes (EBIT) and a 15 per cent growth in net profit for 2024, after adjusting for currency fluctuations.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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QBE Insurance’s (ASX:QBE) first-half 2024 (1H24) results offer a nuanced picture.  Depending on your interpretation of the performance of the American business, QBE Insurance is either off to a challenging start to the year, or long-term prospects remain optimistic, largely driven by ongoing restructuring efforts, particularly within the company’s North American segment.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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