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Steve Daghlian

๐Ÿ‘ค Speaker
1093 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Now, it joined the likes of other retailers recently that have

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

warn somewhat of the Middle East conflict and the impact this is having on cost.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

JB Hi-Fi was one recently.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Footwear retailer Accent was another.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

So Super Retail today is saying that sales momentum across all brands has been adversely affected by the onset of that conflict, together with concerns around fuel availability as well.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

So all of this is weighing on things like consumer sentiment, particularly around the Easter break.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

And it also said that trading conditions in the auto category moderated in March and April, the impact most evident in spending on stuff like power tools, which it's considering, I guess, to be more of a discretionary item, demand for fuel-related maintenance products that have been a bit more robust as expected.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Lice and Wanda, another underperformer today.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

It's down by about 8%.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

It provides gambling products and services like poker and also card shuffling machines.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

So it forecasts delivering mid to high single digit earnings growth in 2026, including certain external factors it has little control over, like US tariffs, changes in tax rates over in the UK, which it reckons is probably going to be roughly a $40 million headwind for the group.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

ARN Media today has been all over the place.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

It was down about four percent about half an hour ago.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

Now it's actually up by close to two percent.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

This is the group behind KISS and Golden Radio Networks.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

So it revealed today that the Carl and Jackie O shows axing this year has cost at least $26 million in lost advertising revenue.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

due to what it calls brand safety issues.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

And at the AGM today, about 90% of shareholders voted against its executive pay report.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

So basically, this means a CEO's more than $1 million salary will now be under review.

CommSec Market Update
PM 07 May 26: ASX climbs to 2 week high

As we approach the close, most of the banks are improving today.