RMD’s fourth quarter FY18 (4Q18) results came in line with market expectations, with revenue of US$623.6m +12% above pcp and adjusted EPS of US95cps +23% above pcp.
Afterpay Touch Group (APT) has provided a very strong sales update for the fourth quarter FY18 (4Q18) and full year (FY18), which saw its share price re-rate more than +37% in a few days.
Nufarm Ltd (NUF) provided a trading update which in many ways was largely expected by the market given the growing conditions its ANZ business has experienced recently and peer group updates.
TLS annual strategy day had a number of new details which warrant some attention. The overarching view is that the short to medium term outlook for the Company (and in fact for the industry) is challenging.
The uranium spot price is down 70% (since Jan 2011), with the bear market now in its 7th year. Uranium equities have been decimated over the same period. The number of miners has declined from 500 to 40. Fukushima – Japan Nuclear disaster – in March 2011 was the catalyst for the start of this bear market.
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