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Steve Daghlian

๐Ÿ‘ค Speaker
964 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

It's the second best on the ASX 200.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

We don't speak about this stock very often, but it's up more than 8%, the biggest lift in around three years.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

So a lot of miners hire these mining services companies to do work for them, underground mining services companies.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

Parenti is one of those companies.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

So it's been awarded an $850 million contract by gold miner Bellevue to basically do work for them for the next four years.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

That contract term starts in August and Parenti has been around for around 35 years.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

Temple and Webster heading in the other direction.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

It's down more than 6%.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

This is the online furniture retailer that's had a tough run for quite some time now.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

So it's actually down on the market by 63% just this year.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

The last up month it had was back in October 2025.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

So today...

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

It basically said that full-year guidance would be around 30% below what the market had been expecting.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

It blamed this partly on consumer confidence, which has recently sank to historic lows.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

So even though Temple & Webster said that it's been taking steps to boost sales, it highlighted that April was actually its best April on record, the one just passed.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

The focus seems to be more on its full-year targets.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

Helios is the worst performer on the broader All Ordinaries Index.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

It's down around 22.5%.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

It actually hit an all-time low on the market today.

CommSec Market Update
PM 13 May 26: Bank profits weigh on ASX, miners climb

It's been around for quite some time, for close to 30 years.