Morgans Blog | Morgans

Westpac Banking Corp: Expect final dividend to make up for no interim

19 August 2020, 11:40 AM

Westpac Banking Corp (ASX:WBC) has announced 3Q20 unaudited cash earnings of $1.32bn and the Board has decided to not declare an interim dividend for 2020.

Cochlear: Its deafening – new pt starts and clinic capacity

By Dr Derek Jellinek

19 August 2020, 11:00 AM

FY20 results were negatively impacted by COVID-19 deferral of elective surgeries, with sales declining across all divisions, margins contracting, underlying profit falling by double-digits and the dividend remaining suspended. As a result, we have asjusted our FY21-22 expectations.

Woodside Petroleum: Pulls trigger on Sangomar option

By Adrian Prendergast

19 August 2020, 10:21 AM

Woodside Petroleum (ASX:WPL) has triggered the pre-emptive option on the sale of partner Cairn Energy's stake in its Senegal interests.

Podcast: Bank To The Future – Andrew Moore, CEO of Spaceship (Ep 13)

18 August 2020, 2:02 PM

In episode 13 of the Bank to the future podcast series, I sit down with Andrew Moore, Chief Executive Officer of Spaceship.

Reporting Season Scorecard: A decent start

By Andrew Tang

17 August 2020, 3:20 PM

Reporting season kicked off in earnest last week with ~13% of the ASX 300 reporting results. The low bar for earnings was clearly evident with the bulk of companies reporting either inline or above (low) expectations despite median reported FY20 EPS growth coming in at -9%.

Is the pandemic more like a natural disaster than the Great Recession?

By Michael Knox

17 August 2020, 1:35 PM

Two researchers from the New York Fed have found the economic effect of the pandemic has had a similar impact as that of hurricane Katrina in August 2005.