Challenger Limited (CGF) reported a Net Statutory Profit After Tax (NPAT) of $328 million (up 9.6% on 2016). This was largely due to contributions from the group’s Life segment which generated $500 million in earnings, a 9.4% increase. On the other hand, the overall NPAT growth was held back by poor performance from the Funds Management segment as its earnings [...]
On the 16th of August 2016 Australian and New Zealand Banking Corporation (ANZ) announced a new transaction, ANZ Capital Notes 4 (Prospective ASX Code: ANZPG). The purpose of this transaction is to provide Regulatory Capital for the group but more specifically it will be treated as additional Tier 1 capital for regulatory purposes. The indicative size of the offer is [...]
On 15th August 2016 National Australia Bank (NAB) provided markets with an unaudited third quarter 2016 financial year (3Q16) update. Earnings – Cash earnings were ~$1.6 billion, ~3% lower than the quarterly average of 1H16, and ~3% lower than the prior corresponding period. Unaudited statutory net profit after tax was also ~$1.6 billion, although compositionally different to cash earnings. [...]
Goodman posted strong results for the year ended 30 June 2016. Operating profit increased by 9% which was driven primarily by the group's development and management business units (EBIT up 33% and 43% respectively). These solid set of results reflect the global diversification of the group’s portfolio (59% of operating earnings derived outside Australia) consisting primarily of high quality industrial [...]
AGL Energy released positive results as underlying EBITDA and profit have increased by 12% and 11% respectively. This is largely due to management’s focus away from poor performing natural gas assets and more toward retail electricity generation & distribution. As a result, AGL Energy is positioned strongly in the current energy environment relative to its competitors such as Origin Energy. [...]
Commonwealth Bank posted a statutory Net Profit after Tax (NPAT) of $9.23 billion, a 2% increase from the 2015 financial year. Net Interest Margin (NIM) was down 2 basis points to 2.07% with operating income growing 5% at a faster rate than expenses (4%) leading to a 0.40% improvement in the cost-to-income ratio to 42.4%. This result is broadly credit [...]
Bendigo Bank posted a 1.96% drop in Net Profit after Tax (NPAT) compared to the 2015 financial year. This result was also driven by a contribution from the Home Safe (reverse mortgage product) due to strong increases in residential property markets of Melbourne & Sydney. The group experienced a flat Net Interest Margin (NIM) over FY16 as the competitive lending [...]
Last Friday the latest European bank stress test results were released. The test covered 51 European banks from 15 European Union (EU) and European Economic Area (EEA) countries and were designed to highlight potential capital shortfalls under both mild and severely stressed economic conditions. The macroeconomic scenarios assumed were that the EU real GDP growth rates over the three years [...]
On the 3rd of August 2016, Seven Group Holdings (ASX Code: SVW) announced the on-market purchase of up 10% of TELYS4 (ASX Code: SVWPA) subject to market conditions. The group intends complete this over the next 12 months. Over the past 12 months Seven Group has undergone an extensive share buy-back as part of their capital management strategy. To [...]
Over the past year Australian companies have been effected by changing regulation, falling interest rates and currency, sharp drops in commodity prices, an economy in transition and last but not least the uncertainty surrounding Brexit. In our outlook, we hope to address some of these issues from a fixed income perspective. Click here for the outlook.
An employee-owned financial services provider focused on the Debt Capital Markets.
An employee-owned financial services provider focused on the Debt Capital Markets.
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ABN 31 164 148 467 ‧ Important Information
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