In recent months, Alumina Limited (ASX: AWC) has been media spotlight regarding an ongoing legal dispute with its major business partner Alcoa. Both companies form part of the world’s largest Alumina business, Alcoa World Alumina and Chemicals (AWAC), which is involved in bauxite mining as well as alumina refining and smelting. Figure 1. AWAC Ownership Source: Company Reports In early [...]
Bank hybrids have been issued in the Australian financial landscape for over 20 years in various forms. While drivers of performance have varied over this period, they are typically cyclical and have a recurring impact on security trading margins (albeit at different magnitudes). The focus of the article will be on what is technically known as an Additional Tier 1 [...]
Last month, the Reserve Bank of Australia (RBA) cut the official cash rate by 0.25% to 1.50% with many Australian banks deciding not to pass on the full rate cut to mortgage holders and instead partially maintaining (and in some cases improving) some term deposit rates. In response to media criticism the banks cited regulatory reasons for these actions but [...]
In our second half outlook, “Where to from here?”, we expected Australian companies to report slightly weaker headline results (revenue) with profits remaining relatively stable for period ending June 2016. We also expected an increasing number of them to favour shareholder friendly measures or turn to acquisitions for growth as organic revenue growth will be difficult during a period sustained [...]
On the 17th of December 2015, the Australian Prudential Regulation Authority (APRA) released for consultation a draft version of the Prudential Practice Guide for Capital Buffers (APG 110). On the 30th of August 2016 APRA addressed the key response to this submission. The Australian Banking Association raised concerns over the ability of an Authorised Deposit-taking Institution (ADI) to make Additional [...]
On the 30th of August 2016 Qube Holdings Limited (QUB) announced a new transaction, Qube Subordinated Notes (Prospective ASX Code: QUBHA). The purpose of this transaction is to provide funding for the group but also to help fund the partial acquisition and development of the Moorebank Intermodal Freight Precinct. The indicative size of the offer is $200 million but Qube [...]
Peet posted positive FY16 results with operating profit 11% to $43 million despite a 24% decline in revenue and flat EBITDA result. The strong property market performance over the past 5 years has fueled this result as Peet has effectively ridden the property cycle. Performance within Western Australia and the Northern Territory regions have been poor but this has [...]
APA Group has posted positive results in FY16 with revenue and EBITDA increasing by 48% and 62% respectively as a result of its acquisition and investment heavy strategy. Excluding the recent inorganic earnings growth, the group’s results were still solid with revenue growth at 6%. APA Group’s largest segment is energy infrastructure, accounting for 94% of EBITDA, had a strong [...]
Wesfarmers posted flat FY16 results with Net Profit After Tax (NPAT) excluding significant items at $2.4 billion which is a 3.6% decrease over the previous period. Similarly, EBITDA before significant items was $2.6 billion which is a 46.9% decrease over the previous period. These results are the combination of mixed performances within the group segments. Those performing well are Coles, [...]
Qantas posted record results for the FY16 as underlying EBITDAR increased by 22% to $3.4 billion on the back of a 2.4% increase in revenue. This was driven by the group’s 3-year transformation program which saved the group from the brink in late 2014. Jetstar Group and Qantas International were the standout performers delivering EBIT growth of 97% and 92%, [...]
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© Sep 12, 2025Bond Adviser Pty Ltd ‧ ASFL 456783
ABN 31 164 148 467 ‧ Important Information
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
