Reporting season – Vertium Asset Management

Sydney Airport annual profits jump 9pc on surge in international travellers

Sam Cole — Thu, 22 Feb 2018 01:59:07 +0000

AUSTRALIAN FINANCIAL REVIEW | Daniel Mueller, portfolio manager at Vertium Asset Management, said that Sydney Airport may have “left a bit of powder dry” on the dividend forecast, with investors hoping for a slightly higher dividend of around 38¢. Read full article in the Australian Financial Review

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Australia’s Wesfarmers sees signs of grocery recovery as H1 profit slumps

Sam Cole — Wed, 21 Feb 2018 23:38:21 +0000

REUTERS | “Many analysts have been bagging Coles and jumping on the Woolworths bandwagon so today’s result was a reminder that Coles is turning around,” said Daniel Mueller, a portfolio manager at Vertium Asset Management. Read full article in Reuters

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TV’s Fight for Eyeballs Finally Kills Dividend at Seven West

Sam Cole — Wed, 21 Feb 2018 23:28:14 +0000

BLOOMBERG | “Considering industry structural headwinds and the difficulty growing earnings, they’ve decided to be prudent,” said Daniel Mueller, a Sydney-based portfolio manager at Vertium Asset Management Pty. Read full article in Bloomberg

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Coke’s glass is half full, just ask Alison Watkins

Sam Cole — Wed, 21 Feb 2018 23:21:21 +0000

THE AUSTRALIAN | Daniel Mueller, portfolio manager of Vertium Asset Management, said the result showed an improvement in operational momentum in the second half, albeit off a low base in the first half. “Australia remains challenged in the key sparkling beverage category. While Indonesian EBIT growth partly offset a poor Australian result, this business can […]

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Generators making the most of higher power prices

Sam Cole — Tue, 20 Feb 2018 01:20:57 +0000

AUSTRALIAN FINANCIAL REVIEW | Origin has made more from the tight market than AGL, whose generation volumes have actually declined about 6 per cent from two halves ago, noted Vertium Asset Management portfolio manager Jason Teh. “It’s good that Origin is capitalising on higher electricity prices because they need to: they’ve got a whole bunch of debt […]

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Origin Energy reaps gains from NSW coal plant

Sam Cole — Tue, 20 Feb 2018 01:10:30 +0000

AUSTRALIAN FINANCIAL REVIEW | “Origin year-on-year is increasing generation volumes mainly through Eraring to capitalise on higher electricity prices while AGL’s generation versus previous years is actually lower,” said Vertium Asset Management’s Jason Teh. “Obviously the retail environment is tougher,” he said, while adding that Origin’s customer losses had turned around since December. Read full […]

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