Fifty Leaders News

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.

Price: $2.83

Analyst Rating: Sell

Comments: Management’s current intention is to declare a final distribution for calendar 2020.

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.

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.

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.

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.

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.

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.

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.

Price: $4.17

Analyst Rating: Buy

Comments: At the AGM, management reiterated the fiscal 2021 guidance of an EBIT decline between 3% and 9%.

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.

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.

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).

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.

Price: $18.50

Analyst Rating: Neutral

Comments: Management reiterated the EPS growth guidance of 9% for fiscal 2021.

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.

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.

Price: $81.16

Analyst Rating: Buy

Comments: September quarter 2020 net profit down 16% to $1.8 billion.

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.

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).

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.