In the six months to January 2018 Myer’s total revenue declined 3.6 per cent to $1.72 billion. Operating Gross Profit declined 5.5 per cent to $645 million and margin came down 0.73 per cent to 37.5 per cent (and down from 41.5 per cent in Fiscal 2013). Normalised net profit fell 36 per cent to $40 million or EPS of 4.9 cents. The interim dividend was cut from 3 cents to nil. Continue…

by David Buckland Posted in Companies.

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Recently, Wesfarmers Limited (ASX: WES) announced its intention to demerge the Coles business into a separate ASX-listed company. While WES will retain up to a 20 per cent stake in Coles, the demerger effectively splits the company into two separate entities, with WES owning Bunnings, Kmart, Target, and Officeworks, as well as WES’ Industrials and “Other” divisions.
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by Tim Kelley Posted in Companies.

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by Roger Montgomery's Team Posted in Old Content.

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In this week’s video insight Roger discusses Bill Shorten’s attack on franked dividends. He’s simply putting millennials against baby boomers. Is voting for Labor a vote against your parents and grandparents?

by Roger Montgomery Posted in Editor's Pick, Video Insights.

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Our recent poll asked readers where they thought the best returns would come from in the next 12 months. Continue…

by Roger Montgomery Posted in Insightful Insights.

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In a recent interview, Warren Buffett shared the wisdom from Berkshire Hathaway Vice Chairman, Charlie Munger.  “My partner Charlie says there is only three ways a smart person can go broke: liquor, ladies and leverage”, he said.  “Now the truth is – the first two he just added because they started with L – its leverage”. Continue…

by David Buckland Posted in Investing Education.

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by Roger Montgomery's Team Posted in Old Content.

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by Roger Montgomery's Team Posted in Old Content.

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