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Laura Bessarati

๐Ÿ‘ค Speaker
935 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

So on the back of that solid update, Metcash shares up 7% today.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

It's been a while since I've spoken about my favourite food, which is chicken.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

Luckily, today I have a reason to because poultry producer Ingham's hosted its Investor Day presentation and also provided a trading update.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

So, while trading conditions remain challenging, it's still reaffirmed its full year earnings guidance and reported a

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

higher group poultry volumes and selling prices for the first nine months of the year.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

So this is despite dealing with the rising costs of fuel, packaging, feed for its chickens and other operating costs as well.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

But the business is still tracking well despite these headwinds.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

And it's also focusing on controlling its costs and other strategic planning that will optimise its operating model.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

So essentially, it's controlling what it can control in light of the macro uncertainty.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

So a solid update today, and that sent its shares about 7% higher.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

You mentioned a little earlier that financials were under some weight.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

So we are seeing the four major banks falling, but there's one falling more than the others, and that's ANZ.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

And the reason is because it's trading ex-dividend today.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

So this is the cutoff date for those investors eligible to receive a dividend payment.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

They're set to pay 83 cents per share to eligible shareholders on the 1st of July.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

But the fact that it was trading ex-dividend has weighed on its share price.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

It's down around 2.5% today.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

Yeah, there's certainly a few things to watch.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

So tonight we're expected to see the Fed chair nomination vote for Kevin Walsh.

CommSec Market Update
PM 11 May 26: CSL slumps to near 10-year low

So we'll see if that does go ahead.