ASX Announcements
Application for quotation of securities - JHX
Appendix 2A (Application for Quotation of Securities)
- Jul 5, 2024
- 7 pages
Notice of Annual General Meeting, Proxy Form, Letter to Shareholders
- Jul 4, 2024
- 42 pages
June
Kean gets top climate job; Cettire dives 44pc; Myer’s huge expansion
Read everything that’s happened in the news so far today.
$11b swoop on ASX building giants leaves James Hardie the lone prize
The CSR, Boral and Adbri buyouts come at a low point in the construction cycle, with better times expected from mid-2025 once interest rate cuts arrive.
- Simon Evans
Investors fear more profit downgrades as pricing power crumbles
Erosion of pricing power for which many companies were once vaunted is shaping as the next leg of the confession season with less than a month of trading left.
- Simon Evans
May
Rich Lister down $160m as Eagers shares crash on profit warning
Australia’s biggest car dealership group warned of a June-half profit drop as household cost-of-living pressures rise.
- Simon Evans
James Hardie in $3.5b wipeout on weaker housing outlook
The share price slumped 14.8 per cent, with CEO Aaron Erter expecting volumes to fall by about 5 per cent in Australia in what he calls a “very challenging” market.
- Simon Evans
February
The worst-kept secret this earnings season? Rising profits
Soaring profits at big companies selling everyday staples such as groceries, electricity and insurance bring new risks for shareholders and undesirable scrutiny from Canberra.
- Simon Evans
James Hardie says rate cuts needed to revive renovations
The maker of wall cladding products lifted prices by 14 per cent in its Australasian division and is winning market share.
- Simon Evans
January
- Opinion
- Chanticleer
Why Australia’s biggest and oldest LIC defied the Ozempic sell-off
Australian Foundation Investment Company boss Mark Freeman says buying CSL and Resmed amid last year’s Ozempic rout was part of a tried-and-true strategy.
- James Thomson
This fundie blasted Rio Tinto – then doubled down on his investment
WaveStone Capital’s Raaz Bhuyan talks about his latest trip to the Pilbara and how he was horrified by the miner’s initial response to the Juukan Gorge scandal.
- Joanne Tran
December 2023
These assets – including bitcoin – could lead a risk rally
Cryptocurrencies, small-cap stocks and corporate bonds boasting huge yields are all tipped as hot areas for investors prepared to take more risk.
- Tom Richardson
November 2023
James Hardie boss says house price gains will drive renovation rebound
The company’s profits were bolstered by a 15 per cent increase in the price of building materials sold in Australia.
- Simon Evans
October 2023
News Corp, James Hardie spinner takes Eat, Pray, Love retirement
After a quadruple heart bypass in July, former News Limited spin doctor Greg Baxter retired from CBA in exactly the right way.
- Mark Di Stefano and Sam Buckingham-Jones
August 2023
Renovators put the brakes on $11b market as costs crunch spending
GWA Group, one of the country’s largest suppliers of bathroom and kitchen products, says it expects the segment to remain subdued until next year.
- Simon Evans, Carrie LaFrenz and Michael Bleby
- Opinion
- Chanticleer
Strong start to profit season may be fake news for economy
Early company results have cheered investors, but the big price rises that have driven earnings will be felt across the economy – eventually.
- James Thomson
James Hardie profits jump as customers ‘sit on the sidelines’
The sharemarket capitalisation of the plasterboard group climbed by $2.6 billion as steep price rises bolstered margins in a housing slowdown.
- Updated
- Simon Evans
One in 10 retailers, builders and cafes could go bust
High interest rates and the slowdown in consumer spending are piling up the pressure on profits, according to research from credit bureau Illion.
- Michael Read
This fund should always beat its benchmark, even 22.59pc
Peter Bates’ Global Select Fund has no excuse to underperform because it’s designed to beat the market in all conditions. The fund returned 30 per cent in FY23.
- Updated
- Alex Gluyas
May 2023
Hefty price rises put squeeze on builders
Big companies making bricks, tiles, plasterboard and insulation have passed on big price rises, lifting margins as builders struggle.
- Simon Evans
Housing needs clear signal on rates to recover: James Hardie
Volumes in Australasia dropped 10 per cent in the March quarter, but profit margins rebounded as price rises took hold.
- Simon Evans
March 2023
Construction slump coming, Macquarie warns
Australia faces “significant pain” in the residential construction sector as rising interest rates and uncertainty “play havoc” and push down building starts, Macquarie has warned.
- Simon Evans and Michael Bleby
