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The Mint Man

The Mint Man

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I thought that instead of having to visit each stocks thread we could post them up here as well, so that we dont miss out on anything;):D Considering there will be a barrage of companies reporting around about now.

So The first big one out today seems to be WOW, Please see your brokers site or the ASX for full report.

WOOLWORTHS LIMITED A.B.N 88 000 014 675
30 January 2008
FIRST HALF YEAR SALES RESULTS FOR THE 27 WEEKS TO 30 DECEMBER 2007​
SALES OF $24.0 BILLION
UP 8.6% OR $1.9 BILLION​
“Our second quarter sales results reflect the continuation of the strong sales growth being
experienced in all our divisions.”
- Michael Luscombe, CEO and Managing Director
....................................2007........2008 Increase (%)
Half Year by Division ($millions)
Australian Food and Liquor 14,340 ...15,495 ....8.1
New Zealand Supermarkets 1,989 ....2,158 .....8.5
Petrol ..........................2,510 .......2,671 .....6.4
Supermarket Division ......18,839 ......20,324 ....7.9
BIG W ..........................1,934 .......2,187 ....13.1
Consumer Electronics – Aust / NZ 698 769 ......10.2
Consumer Electronics – India 5 46 .................820.0:eek:
Consumer Electronics - Total 703 815 ............15.9
General Merchandise Division 2,637 3,002 .......13.8
Hotels ............................540 ......586 .........8.5
Continuing Operations ...22,016 ....23,912 .......8.6
Wholesale Division ............76 .......80 ............5.3
Total First Half Year Sales 22,092 23,992 .........8.6
Click to expand...

Cheers:D
 
Based on those figures in my book WOW is way over valued. :D
Time for the price to come back to earth soon.
 
I would think that considering food price Inflation seems to have run well above their sales gain that it isnt a particularily great result, would be interesting to know how many individual items they sold as opposed to the previous year. Just to measure if they are selling more or just getting higher prices.
 
ALS reported today...

Strength in the renovations market has helped industrial brands company Alesco Corporation Ltd to a 16.7 per cent lift in first half profit, and the company expects earnings to continue to grow over the rest of the year.

Alesco, which supplies specialist branded products in Australia and New Zealand, made a net profit of $31.47 million as its bottom line was boosted by a strong performance in its building products, and construction and mining divisions.

Net profit before amortisation was a record $35.1 million for the period ending November 30, up 19.7 per cent on the same period in 2006.

Earnings per share (EPS) was 42.6 cents, up 3.1 per cent.

Group EBITA was $60.4 million, up from $46.9 million, in the first half.

Group revenue rose 52.9 per cent to $540.15 million.

Alesco declared an interim dividend of 31 cents, up from 27.5 cents in the same period last year.
Click to expand...
 
Great idea to have this thread, Mint Man. Many thanks.

Re WOW: it was indeed marked down after this result.
Still has little viable competition.
You could play tennis in aisles at Coles in this town.
 
QGC - Qld Gas Company

This stock is punching above its weight.

Entire document here. http://qgc.com.au/01_cms/details.asp?ID=90

Highlights
§ Production increased as planned – Daily gas production reached the equivalent of 32.9 PJ a year during December 2007.
§ Gas sales – Gas sales for the December quarter totalled 5.8 petajoules (PJ), which represents an increase of 21% on the September quarter result.
§ Further reserves upgrade announced – On 18 December 2007, QGC announced a 19% upgrade of its proved and probable (2P) reserves following an independent review of its gas production and exploration activities to 30 September 2007.
§ 60 wells drilled to end December 2007 – In the half year, QGC drilled 60 wells in line with its $260 million development budget and $56 million exploration program. The QGC average time for drilling reduced to just over three days per well.
§ Power station hedge agreed and construction commenced – In October 2007, work commenced on the construction of the 140 MW Condamine Power Station near Miles in southern Queensland. In November, QGC agreed a hedge arrangement with AGL Energy Limited (AGL) for 66% of the power station’s output.
§ Wallumbilla Pipeline to be developed by AGL – In mid-January 2008, AGL agreed to build a 115 km gas pipeline linking QGC’s gas production areas with Wallumbilla. QGC will have the right to buy back in for 50% of the pipeline at cost.
§ Water sales agreed for Miles – Also in January 2008, QGC agreed a 20-year
arrangement with Murilla Shire Council to supply more than half a billion litres of drinking water to the town of Miles in southern Queensland.
 
Julia said:
Great idea to have this thread, Mint Man. Many thanks.

Re WOW: it was indeed marked down after this result.
Still has little viable competition.
You could play tennis in aisles at Coles in this town.
Click to expand...

Coles has the best man (Archie Norman) in supermarket on WOW tail right now
if he can pull the same magic he did for asda in UK, WOW will be in trouble in a few years. :D
 
Case for a continued decline in market prices comes in the form of worsening company earnings. Beginning of article by FN Arena considers worse to come globally.

http://www.investsmart.com.au/news/articles.asp?ArticleID=86
Following recent profit warnings from companies including Caltex ((CTX)) and Macquarie Group ((MQG)), the underlying trend in earnings expectations for ASX200 companies is now firmly negative. Australia has been leading the rest of the world and earnings trends in other regions, including the US and Asia, have now equally reversed.

While this does not mean FY11 forecasts in Australia will be reduced by at least 6% on average in the year ahead, it does indicate share prices could well remain under pressure for a while to come. Historically, share prices do not tend to respond favourably when confronted with falling expectations for corporate earnings as well as falling forecasts for economic growth.
Click to expand...
 
Wysiwyg said:
Case for a continued decline in market prices comes in the form of worsening company earnings. Beginning of article by FN Arena considers worse to come globally.

http://www.investsmart.com.au/news/articles.asp?ArticleID=86
Click to expand...

I wouldn't use those 2 companies as asx200 benchmark

One is a bank that is highly leverage and most people don't really know what they do with their money and what derivatives time bomb they are in

The other low margin cynical business which waste most of their cash upgrading new refinery just to be in the business

Look at their younger distance cousins for some real guidance DMP NVT SUL
ONT TRS FLT.
 
Half yearly reporting season could see some price action with the associated stocks. With commodities sliding down hill over the last six months should make for an interesting season.
 
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