Enhanced Asset Management Equity Analyst | ASX Earnings Breakdowns
Joined December 2016
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Short-term noise, long-term fundamentals. My thoughts on why ResMed's $RMD margin concerns look temporary and why $REA remains one of the ASX's highest-quality compounders.
ausbiz.com.au/media/positive…
The fact that the ASX is only down 20bps today is insane, under the hood is seriously ugly.
What an unbelievably tough market. Hope everyone is doing ok out there...
This too shall pass.
Looking ahead to $ZIP’s 1Q27 update tomorrow.
Expecting another positive quarter, although tough comps (US TTV +50% in 1Q26) may push a potential FY27 TTV guidance upgrade into Q2 or Q3.
Biggest watch for us will be bad debts and whether credit quality remains resilient.
No doubt it will be a volatile day. 🤞
The AI boom has hit a wall in Australia. Literally, the electricity grid.
$NXT slashes FY27 EBITDA guidance by 36% as power delays at its M3 data centre push contracted revenue into FY28.
Capex cut by $1bn, with new developments on hold.
AI demand isn't a problem, but it seems that delivering it might be.
$CGF catches a bid from Daiichi at $11.80 per share, about a 20% premium
Daiichi already owns 20% of the business, so a full takeover makes strategic sense.
Interesting to see whether the board pushes for a higher price here.
Well, there is the 5-for-1 share consolidation for $ZIP.
Nasdaq generally requires a minimum US$4 share price for an initial listing. Likely the first step towards the US listing.
ASIC concludes its investigations into $WTC and Richard White with no enforcement action.
Finally some positive news on the governance front. Wouldn't be surprised to see a modest re-rating here.
$GNP GenusPlus just keeps delivering.
Another $255m in contract wins with Western Power and Fortescue, adding to an already enormous project pipeline.
Still one of the best ways to play the AI/electrification build out.
(Held).
Uhhh what??
'Firmus Technologies’ bankers face the prospect of being forced to reduce the neocloud’s valuation halfway through a $7.9 billion raising that would have made it the second-largest initial public offering on the ASX.'
That's a good start
Firmus IPO timetable is wild.
Bids due 8am tomorrow, yet the
prospectus isn’t due to be lodged with ASIC until Friday. Conditional trading starts 22 Oct.
Nothing necessarily unusual about a fast institutional bookbuild, but asking investors to price it while the public docs are this hard to find is certainly aggressive.
$DDR acquiring Sektor for NZ$138m looks like a smart deal.
Sektor generates NZ$440m revenue and NZ$22.7m EBITDA, with DDR targeting NZ$28–32m post-integration EBITDA.
That’s 6.1x current EBITDA and just 4.5x targeted EBITDA.
Cheap, immediately earnings accretive, and gives DDR a profitable platform for expansion into SE Asia.
‘Inflation remains much lower than we inherited’.
Honestly. Enough is enough.
Stop comparing today with the post-COVID inflation surge and calling it a win.
Where on earth is the accountability in politics in this country. Admit inflation is a problem that you’re contributing to, and tell us how you’re going to fix it.
New data from the ABS shows annual headline inflation rose in expected ways in August but underlying inflation remained stable.
These numbers confirm the overwhelming influence on inflation in August was higher global oil prices.
While inflation is higher than we’d like, it remains much lower than what it was earlier in the year and much lower than we inherited.
We recognise people are under pressure - that’s why we’re rolling out responsible cost-of-living relief including cutting taxes, more bulking billing, cheaper medicines and supporting higher wages, at the same time as we’re responsibly managing the budget.
I’m almost convinced this is a rage bait account at this point.
Today as expected the independent Reserve Bank board increased interest rates by a quarter of a percent. In their statement they’ve pointed to the war in the Middle East and the AI boom as the key upward pressures on inflation.
We know a lot of Australians are under pressure and this will make things harder. Inflation and interest rates are going up around the world but we know that doesn’t take the sting out of today’s decision.
We take responsibility for our part of the fight against inflation. That means continuing to manage the budget responsibly, rolling out tax cuts and cost of living help, and addressing the longer term challenges in our economy in an uncertain global environment.
It feels like every portfolio needs some allocation to the infrastructure build-out right now.
Arguably the fastest growing area of the market, and the contract wins just keep coming.
Another $135m for $GNP from Atmos Renewables.
The picks & shovels are racking up the work.
$29m… $NWL
$NWL paying $20m upfront for Paradino, with up to $29m in consideration and another $10m earmarked for development.
The adviser productivity thesis makes sense. But with $1.4m ARR and an expected FY27 EBITDA loss, the valuation deserves scrutiny.
How defensible is the technology, and what incremental returns can shareholders realistically expect here…
$NWL paying $20m upfront for Paradino, with up to $29m in consideration and another $10m earmarked for development.
The adviser productivity thesis makes sense. But with $1.4m ARR and an expected FY27 EBITDA loss, the valuation deserves scrutiny.
How defensible is the technology, and what incremental returns can shareholders realistically expect here…
Sounds like higher energy prices for the next few months.
Aussie 10 year now almost 5.3%.
Rate hikes coming.
2026 is the gift that keeps on giving.
Why is it that people attacking this policy assume no economic return from the 3% they don't put into super? The standard variable interest rate for a high LVR loan with CBA right now is almost 7%, which is a similar figure to the long term expected return from a balanced super fund?
If people can use that cashflow now to service their debt, they will essentially be in the same long term position as they would've been had that money gone into superannuation, however with the added benefit of keeping their home.
Labor love cherry picking their data to fear monger against One Nation.
Not saying the policy is perfect, but at least present both sides of the equation so that people who are financially illiterate don't actually believe that a 30-year-old is $90,000 worse off under this policy.
Barnaby Joyce has had an on-air meltdown after struggling to answer basic questions about One Nation’s super plan. Full story: bit.ly/4hbsTah
