Latest news on some of the 50 Leaders
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NATIONAL AUSTRALIA BANK
Price: $23.33
Analyst Rating: Buy
Comments: Agreed to sell MLC Wealth to IOOF Holdings for $1,440 million with completion expected to occur before the middle of calendar 2021.
Fiscal 2020 net profit down 37% to $3,710 million and the fully franked dividend was cut from 166.0 cents to 60.0 cents.
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SCENTRE GROUP
Price: $2.83
Analyst Rating: Sell
Comments: Management’s current intention is to declare a final distribution for calendar 2020.
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WESTPAC BANKING CORPORATION
Price: $20.45
Analyst Rating: Hold
Comments: The company has agreed to pay a civil penalty of $1.3 billion for contraventions of the Anti-Money Laundering and CounterTerrorism and Financing Act.
Fiscal 2020 net profit down 62% to $2,608 million and the fully franked dividend was cut from 174.0 cents to 31.0 cents.
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BHP GROUP
Price: $38.30
Analyst Rating: Neutral
Comments: Agreed to acquire an additional 28% working interest in Shenzi, which is a six-lease oil development in the deepwater Gulf of Mexico, for US$505 million.
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AGL ENERGY
Price: $13.46
Analyst Rating: Neutral
Comments: At the AGM, management reiterated the fiscal 2021 net profit guidance of between $560 million and $660 million, which is down between 19% and 31% from fiscal 2020.
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AMPOL
Price: $30.10
Analyst Rating: Neutral/High Risk
Comments: The group is undertaking a comprehensive review of the Lytton refinery to determine the best operating model over the medium term.
September quarter 2020 net profit down 74% to $24 million.
Completed the convenience retail property transaction for net cash proceeds of $635 million and announced a $300 million off-market buy-back.
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NEWCREST MINING
Price: $26.60
Analyst Rating: Buy
Comments: Management announced approval of the Cadia expansion and Lihir recovery improvement projects for combined capital expenditure of US$236 million.
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FORTESCUE METALS GROUP
Price: $18.09
Analyst Rating: Hold
Comments: Management announced the on-market buyback will now continue for an unlimited duration subject to the provision that the company cannot buy back more than 10% of its voting shares within the span of any twelve month period.
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TELSTRA CORPORATION
Price: $3.12
Analyst Rating: N/A
Comments: At the AGM, the Board said it “is prepared to temporarily exceed our capital management framework (in order to) maintain a 16 cents dividend”.
The group is proposing a restructure to create three separate legal entities within the Telstra Group ─ InfraCo Fixed, InfraCo Towers and ServeCo.
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AURIZON HOLDINGS
Price: $4.17
Analyst Rating: Buy
Comments: At the AGM, management reiterated the fiscal 2021 guidance of an EBIT decline between 3% and 9%.
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CSL
Price: $318.58
Analyst Rating: Neutral
Comments: At the AGM, management gave fiscal 2021 net profit guidance of between US$2,170 million and US$2,265 million implying growth of 3% to 8% at constant currency.
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JAMES HARDIE INDUSTRIES
Price: $39.88
Analyst Rating: Neutral
Comments: Management revised the fiscal 2021 net profit guidance range from between US$330 million and US$390 million to between US$380 million and US$420 million.
Interim net profit up 11% to US$209.8 million accompanied by a nil dividend.
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ANZ BANKING GROUP
Price: $22.97
Analyst Rating: Buy
Comments: Fiscal 2020 net profit down 42% to $3,758 million and the dividend was cut from 160.0 cents to 60.0 cents (fully franked).
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AMP
Price: $1.73
Analyst Rating: Buy
Comments: The group has received an indicative, nonbinding, conditional proposal from Ares Management Corporation, a US-based company, to acquire 100% of the shares in AMP by way of a scheme of arrangement for an implied value of $1.85.
The group also said it has received other significant interest in its assets and businesses and is assessing a range of options.
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GOODMAN GROUP
Price: $18.50
Analyst Rating: Neutral
Comments: Management reiterated the EPS growth guidance of 9% for fiscal 2021.
![](https://bellpotter.com.au/wp-content/uploads/2020/12/Macquarie_Group_logo-1.png)
MACQUARIE GROUP
Price: $139.61
Analyst Rating: Buy
Comments: Interim net profit down 32% to $985 million and the 40% franked dividend was cut from $2.50 to $1.35.
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AMCOR
Price: $15.70
Analyst Rating: Buy
Comments: September quarter 2020 net profit up 13% to US$247 million accompanied by a nil franked dividend of A16.55 cents.
![](https://bellpotter.com.au/wp-content/uploads/2020/12/Commonwealth_Bank_Logo1.png)
COMMONWEALTH BANK
Price: $81.16
Analyst Rating: Buy
Comments: September quarter 2020 net profit down 16% to $1.8 billion.
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ARISTOCRAT LEISURE
Price: $33.89
Analyst Rating: Buy
Comments: Fiscal 2020 net profit down 47% to $476.6 million and the fully franked dividend was cut from 56.0 cents to 10.0 cents.
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ORICA
Price: $17.24
Analyst Rating: Buy
Comments: Fiscal 2020 net profit down 20% to $299.3 million and the dividend was cut from 55.0 cents to 33.0 cents (nil franked).
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INSURANCE AUSTRALIA GROUP
Price: $5.25
Analyst Rating: Hold
Comments: Announced a provision of $865 million after tax for COVID-19 business interruption claims, and a $750 million equity capital raising.
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