Minnett stake hard to swallow for AWM
Past acquisitions may have turned out well, but Australian Wealth Management’s recent purchase of 70% of Ord Minnett is causing some concern – and a weaker than expected final result hasn’t helped.
Flight Centre delivers the good stuff
This travel retailer has delivered a cracking result, but you wouldn’t know that from reading the papers. After years of bullish claptrap, the media has become pervasively bearish.
No rain on Westfield's parade
Westfield is busy spending billions of dollars on developments around the world, particularly in London. But founder Frank Lowy isn’t the type to let others rain on Westfield’s parade, as vultures look to carve up another giant of the UK property industry.
Clouds draw nearer for Suncorp
Some were satisfied by this financial group’s results, but our research director’s analysis reveals more holes than a block of swiss cheese.
Treasury has the Midas touch
Notwithstanding troubles at its most profitable funds management business, Treasury’s less mature managers are performing impressively, which bodes well for future growth.
Goodman Fielder's deeply disappointing result
Goodman Fielder’s result may have looked good given the difficult conditions but, delving a little deeper, it wasn’t. And while there’s early evidence of cost pressures easing, the competitive environment is nastier than ever.
Salmat still slugging it out
Salmat used to be a relatively conservative investment with low borrowings, high free cash flow and little need for risky acquisitions. But with technological barriers falling faster than Brendan Nelson’s popularity, higher debt and acquisitions look set to continue.
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