Wesfarmers (ASX: WES) Take Profits, HOLD, or BUY
Diversified conglomerate Wesfarmers generates most of its revenues from four consumer retail operations. The company continued to increase revenue and remained profitable throughout the COVID pandemic. Wesfarmers has continued to perform well in the face of inflationary pressures and high interest rates. Wesfarmers is Australia’s largest conglomerate with market leading Bunnings Hardware and Officeworks along…
ReadyTech Shares Collapse Following Half Year 2024 Results Announcement
Software as a Service provider to education, workforce, and government entities listed on the ASX in 2019. Since listing the share price has risen more than 100%. Delayed revenue from enterprise contracts sent investors heading for the exit doors. The company serves enterprise level customers in education and workforce pathways, workforce solutions, and government and…
Should You Buy Collins Food on the Dip?
Collins Foods operates KFC and Taco Bell restaurants in Australia and Europe. The share price has been a solid performer over the last five years and year over year. Collins Food reported strong financial results in its Half Year 2024 report. Collins Foods managed to maintain profit stability during most of the COVID pandemic but…
Is Stockland Corporation (ASX: SGP) Too Expensive to Buy for the Dividends
Diversified property group Stockland Corporation has assets in residential communities, town centres, and land lease and workplace properties. The company has a high P/E ratio but also a low P/B ratio Analysts are bullish on the stock for the dividends. Real Estate Investment Trust (REIT) Stockland Corporation collided with “challenging market conditions” in FY 2023…
Buying Opportunities for Northern Star Resources
Gold Miner Northern Star Resources ranks second among the top ASX listed gold producers by market capitalization. The share price is up year over year and over five years,. In the five days following the release of positive Half-Year 2024 results, the share price has dropped. Northern Star has multiple operation centres here in Australia…
Koba Resources (ASX: KOB) – Take Profits or Hold for More?
In April of 2021 New World Resources (ASX: NWC) spun off its cobal /copper assets into a new company, listing on the ASX in May of 2022 as Koba Resources. Koba began with four cobalt assets in the US state of Idaho, with two having mining history, two lithium projects in Canada and one in…
Can Breville Group Stand Up to Macroeconomic Headwinds?
Global supplier of small kitchen appliances has grown revenue and profit in each of the last four fiscal years. Half-Year 2024 results were positive, but below expectations. Management warned of continuing macroeconomic headwinds. Despite the COVID 19 pandemic and rising interest rates and inflationary conditions threatening consumer spending worldwide, Breville Group has experienced slow and…
Zip Co Limited (ASX: ZIP) Weathers the Stormy BNPL Market
ZIP shares hit all-time highs in the early days of the Buy Now Pay Later (BNPL) frenzy. Fierce competition and rising interest rates began to take its toll on multiple BNPL providers. Zip Co showed strong results in its latest quarterly report. The BNPL craze swept multiple start-ups into the market, with big name financial…
Red Metals Limited (ASX: RDM) Coming Out from Under the Radar
In August of 2023 Red Metals added the Sybella rare earths discovery to its stable of copper, zinc, lead, silver, and cobalt development projects. The trading volume jumped following the announcement. The share price jumped again in February following a positive test results announcement from Sybella. Red Metals has six projects in various stages of…
Points Bet Holdings (ASX: PBH) Positive Outlook for FY 2024
Investors drove up the share price of newcomer to sports betting, PointsBet Holdings, as the company began to enter the US market. In late 2023 the company sold its US assets, returning the proceeds to shareholders. The company maintained its Canadian operations, citing more attractive operating conditions. With a cloud-based betting and iGaming platform and…
