The impending reporting season will be a list of ugly confessions from businesses knocked around by the COVID-19 pandemic. But the market won’t be interested in numbers, instead investors will be homing in on outlook and the prospect of a lengthyDividend chasers are also in for pain.
EY partner and investment banking veteran Duncan Hogg says investors will understand why companies cannot provide a detailed outlook “provided the company is able to articulate clearly why they can’t give an outlook statement”. And not every company is a COVID loser, there will be a bevy of companies that just happened to be offering the right products and services at the right time. Think supermarkets, iron ore miners and ventilator manufacturers.The banking sector has been at the epicentre of the dividend issue from the onset of the pandemic.
Blood plasma giant CSL’s earnings will show whether COVID-19 has had a long-term impact on the cost and volumes of plasma donations in its main market, the US. Further details onMeanwhile, Cochlear’s numbers will show how it has weathered the storm given elective surgery shutdowns have disrupted
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Investors brace for an ugly reporting seasonThe upcoming earnings season is widely expected to be the nastiest ever with companies beaten and scarred by COVID-19.
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ASX likely to fall off the back of 'tough' reporting season | Sky News AustraliaIt is likely the ASX will drop in the aftermath of what is expected to be a tough reporting season, according to Shaw and Partners’ Adam Dawes. \n\nCompanies listed on the ASX will release their latest financial results from the end of July until the end of August.\n\nThe results are expected to show the economic consequences wrought by the novel coronavirus, which has devastated many businesses.\n\n“I do feel we are going to get some really hard numbers, so that might put some shocks into the financial system,” Mr Dawes told Sky News.\n\n“I do suspect our market will potential come off on the back of some of these results\n\n“We know the numbers are going to be bad, but it’s really about the outlook statements.\n\n“If those outlook statements are going to be pared back, or at the lower end, we are going to see a dip.\n\n“I think the market is a little fatigued and I think we will potentially see a fall in the market after the reporting season at the end of August.”\n This is expected. Essential service providers are less impacted however thousands of other companies, millions of small-medium businesses and Australians are heavily impacted. Who shall we recover it from? Who fabricated and unleased the virus? The Chinese communist party it is.
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Rising floodwaters trigger evacuation warning for South Coast townThe State Emergency Service has issued a flood evacuation warning for residents of Moruya on the NSW South Coast after parts of the state copped a deluge of weekend rain | JoshDye91 JoshDye91 Bring it on JoshDye91 From one extreme to the next. JoshDye91 It never rains but it pours...
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Severe weather warning for Sydney as rising floodwaters trigger South Coast evacuationA severe weather warning has been issued for large parts of coastal NSW, including metropolitan Sydney, as heavy rain and wild winds lash the state | JoshDye91
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Aged care cases suggest Victoria should 'brace itself for more grief', health expert saysEven as Victoria's daily coronavirus case numbers show signs of stabilising, other grim records of hospitalisation rates and daily deaths are being broken in the state — a trend which experts say may continue. But we hear nothing from the ABC of LNP Government failures and their Responsibility into Aged care. But happy to repeat gossip on a uncorroborated anonymous story against Andrews yet again. Fix the headlines. Aged care cases in PRIVATELY owned facilities. Please at the last figures I heard there was only 5 cases in State owned facilities. How many people of any age has scared out of going to their doctors? Your reports have resulted in ppl isolated from rellies in bad homes There's enuf info out now & fig's to show COVID19 doesn't warrant the level of terror whipped up. Shame!
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Sam Newman rejects AFL ‘groping’ complaintsAFL great Sam Newman says there’s been an over-reaction to the “groping” scandal that rocked footy during the week, suggesting the players involved were all OK with the behaviour. I am Sam - Sam I am. Self promotion and crap from Sam as ever Dial a quote... Well this will make things worse 😬
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