Lots of companies have reported this week with mixed results. Check the list to make sure you’ve seen all the relevant results
News on Qantas and Silver Chef, plus results announcements from: Aviva, AXA, Cash Converters, Coffey International, Downer, Genworth, G8 Education, Old Mutual, Qantas, Silverchef, Transurban and Virgin.
Qantas – Rating outlook upgraded
On 10 August, Moody’s affirmed Qantas’s rating and changed their outlook to positive from stable. From Moody’s outlook from stable to positive reflects the reduction in adjusted debt….the considerable progress the company has made on its transformation program, the more conservative approach to capacity management in the domestic market, as well as the “The change in benefits being realised from weakening of the Australian dollar and lower fuel prices”.
Silver Chef – Call the bond
Silver Chef announced on 10 August its intention to redeem all of the 8.50% bonds issued in Sep-2012 at $103.00. This was the first high yield bond originated by FIIG and it has delivered an annualised return of 9.41% for those who bought on issue.
Prior to the commencement of reporting season we highlighted the earnings release dates of FIIG’s more actively traded names. If you are unsure about when a company you are watching will report you can consult this note “FY15 Australian corporate earnings calendar and outlook” linked in related articles below. For more information, please speak to your FIIG representative.