Market Matters
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Group of professional money managers who walk the talk, share experiences on the stocks we like, the stocks we don't and the themes you should be aware of. market Matters is owned and operated by a group of professional money managers that have decades of experience navigating domestic and international stock markets. At Market Matters, we run a real portfolio and invest our own money in..
Market Matters
1M ago
BUB -11.27%: weaker China sales weighed on Bubs shares today, just a week after the stock rallied on the potential upside in China sales. Gross revenue in the quarter was down 28% on last year, weighed by a 66% slump in China sales, though international revenue climbed thanks to the emergency supply agreement signed with the US in the middle of 2022 ..read more
Market Matters
1M ago
SBM -21.35%: the small-cap gold miner saw its shares tumble today after a disappointing production update. 2Q production was down ~5% on the previous quarter to 61koz, while costs rose 7% to $2,666/oz ..read more
Market Matters
2M ago
NWL -9.19%, PPS -1.26%: both stocks released 2Q Funds Under Administration (FUA) updates today and followed the slide seen in peer Hub24 (HUB) after their update earlier in the week. Netwealth saw FUA inflows of $2.1b, with FUA rising 7.4% in the quarter, though inflows were slower than 2Q22 ..read more
Market Matters
2M ago
SUL +7.68%: the retailer traded to a near 11-month high today after announcing preliminary 1H numbers. Sales were up 11% across the board on a like-for-like basis led by strength in Macpac, Supercheap and rebel, though some weakness in their BCF brand weighed ..read more
Market Matters
3M ago
SGR -17.83%: Was hit today following changes to taxation in NSW that seemed to blindside SGR with the company saying that no details have been made available in relation to the potential reforms including as to how the taxes would be levied or applied at this stage ..read more
Market Matters
3M ago
This week a new Gold company was announced (pending shareholder approval) called Hoover House (HHL) formed via a merger between St Barbara (SBM) which we own in the Emerging Companies Portfolio and Genesis (GMD) to consolidate their assets in the Leonora region of WA. Key points as follows ..read more
Market Matters
3M ago
ORG –7.82%: Hit today following recent developments around government intervention in gas and coal markets. The proposal around price caps etc is creating concern around the $9 per share takeover of ORG that is currently undergoing due diligence ..read more
Market Matters
3M ago
DOW -20.42%: The contractor came clean this morning about an accounting issue, having incorrectly recognised revenue from a long-term, maintenance contract to the tune of $40m. As a result, they cut FY earnings guidance by $8-10m and had to explain away issues with their internal systems that led to the embarrassing mess ..read more
Market Matters
3M ago
FMG has already bounced ~50% from its November low but it’s still only trading on a P/E for 2023 for 10.3x while it’s expected to yield almost 10% over the next 12 months – importantly its payout is forecast to fall over the coming years in line with a declining iron ore price ..read more