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dailystockinsight · 7 months

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Wesfarmers Share Price Surges 5% to Reach New High Post Dividend Hike

Amidst a significant rebound in the S&P/ASX 200 Index, one standout performer is Wesfarmers Ltd (ASX: WES), an industrial and retail conglomerate within the ASX 200. With the Wesfarmers share price soaring by an impressive 5.11% to $61.95, reaching a new 52-week high of $62.11, investors are undoubtedly celebrating the company's stellar performance. The catalyst behind this enthusiastic share price surge lies in Wesfarmers' latest earnings report, which showcased notable growth and positive outlook for the company.

Wesfarmers' Strong Earnings Performance

Wesfarmers recently unveiled its earnings report for the six months ending 31 December 2023, delivering a promising outcome for investors. Despite market uncertainties, the company reported a commendable 0.5% increase in revenues, reaching $22.67 billion. More notably, Wesfarmers recorded a 1.6% rise in Earnings Before Interest and Tax (EBIT) to $2.2 billion, while Net Profits After Tax (NPAT) surged by 3% to $1.43 billion. The company's robust financial performance enabled it to raise its interim dividend by 3.4% to a fully franked 91 cents per share, underscoring management's confidence in the company's growth trajectory.

Positive Outlook and Market Response

Buoyed by its strong earnings results, Wesfarmers' management expressed optimism regarding the company's performance in the fiscal year 2024. Notably, sales at key subsidiaries such as Bunnings and OfficeWorks remained steady, while Kmart exhibited robust sales growth, further bolstering investor confidence in Wesfarmers' future prospects. The market's enthusiastic response to Wesfarmers' earnings report is evident in the company's remarkable share price surge, reflecting investors' satisfaction with the company's financial health and growth trajectory.

Investor Delight and Performance Metrics

The significant gains witnessed in Wesfarmers' share price on Thursday underscore investors' delight with the company's performance. Year-to-date, Wesfarmers' shares have surged by 7.7%, while boasting an impressive 25.4% increase over the past 12 months. With the latest dividend announcement, Wesfarmers shares now offer a forward dividend yield of 3.13%, demonstrating the company's commitment to delivering value to shareholders through consistent dividend payouts.

Conclusion

Wesfarmers' remarkable share price surge on the back of its strong earnings report highlights the company's robust fundamentals and growth potential. With steady revenue growth, improved EBIT, and a positive outlook for fiscal year 2024, Wesfarmers continues to position itself as a formidable player within the ASX 200. Investors seeking exposure to a reliable and growth-oriented conglomerate may find Wesfarmers an attractive investment proposition, supported by its impressive performance metrics and commitment to shareholder value.

#ASX: WES #WES share on ASX

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endeavourcareers · 2 years

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how to prepare for NPAT?

Blog for endeavour carrierHow To Prepare for the NPAT (national test for programs after the twelfth) 2023 exam?NPAT exam 2023 (10-100)upcoming NPAT exam (0-10)The NPAT exam 2023 is the most important exam of the year. Aspirants planning to write the examneed to use the best preparation material, which helps them score well in the exams. But beforeselecting the material, it's important to understand the exam pattern, syllabus, and some tips toachieve good results. The better the score, the higher the chances of getting into the institute.Overview of the NPAT 2023 examWhat is NPAT?NPAT is a national test for programs after the twelfth. It is a standardised test that is required foradmission into various programs offered by schools affiliated with the Narsee Monjee Institute ofmanagement studies (NMIMS). The test is designed to measure academic proficiency and is used todetermine eligibility for admission into NMIMS-funded programs.NPAT registration and exam dateThe test is conducted every year in May. The NPAT registration window is open from Dec 1, 2022. Theexam will commence from Jan 1, 2023, to May 31, 2023. If you're planning on taking the NPAT thisyear, be sure to register soon and start studying.Exam patternNPAT is a computer-based test which is divided into two parts-Part A and Part B. Part A consists ofobjective-type questions from the following subjects-Quantitative Aptitude, Reasoning, Verbal Abilityand General Awareness. Part B consists of subjective-type questions from the following subjects-English, Mathematics and Business Studies. The total duration of the examination will be 2 hours and20 minutes. Candidates can attempt any number of questions in each section. There is no negativemarking for wrong answers.The NPAT is a multiple-choice exam, designed to assess a student's readiness for college-levelcoursework and is used as a factor in the admission decision process at many colleges and universities.NPAT is conducted annually and interested students can register for the test online. The test is typicallyheld in May, and results are released in June.NPAT is just one factor that colleges and universities consider when making admission decisions. Otherfactors, such as grades, class rank, and extracurricular activities, are also considered.Students who do well on the NPAT have a better chance of being admitted into their programs ofchoice. For many students, the NPAT is the first step on their journey to a successful college career.Tips to prepare for NPAT 2023 ExamIf you're planning to take the NPAT 2023 exam, you'll need to start preparing now. The exam isdesigned to test your knowledge of the subjects you're planning to study in college, so you'll need tobrush up on your maths, reading, and writing skills. You can find practice exams and tips online, or youcan buy a prep book. Once you've started studying, make sure you give yourself enough time toprepare. Don't wait until the last minute, or you'll be rushed and stressed out. Therefore, it’simportantto make sure you're adequately prepared.Here are some tips to help you prepare for the exam:• Start by reviewing the exam syllabus and making sure you understand what will be covered.• Make a study schedule and stick to it. Dedicate a certain amount of time each day or eachweek to studying, and make sure you stick to your plan.• Use practice exams to help you prepare. Taking practice tests is an important part of preparingfor the NPAT. By taking practice tests, you can identify your strengths and weaknesses, andfocus your studying on the areas where you need the most improvement. Several resourcesoffer practice tests, including the Official NPAT website.• Get plenty of rest and exercise till the exam. This will help you stay calm and focused on examday.• Make sure you eat a healthy breakfast from the day you start preparing and especially on theday of the exam. This will help you stay sharp and focused during the exam.Exam Centre CitiesThe NPAT 2023 examination will be held in a total of 31 cities across India.The list of cities is given below:• Ahmedabad• Beng

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businessworldinmelbourne · 2 years

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Latitude CEO Ahmed Fahour to depart as company unveils 66pc profit drop

The CEO and managing director of consumer finance firm Latitude Group Holdings (ASX: LFS) has today announced he will leave the company by the end of August next year as the company releases its half year results to 30 June demonstrating a deterioration in statutory NPAT.

Ahmed Fahour, formerly the CEO of both Australia Post and National Australia Bank (ASX: NAB), will retire from Latitude by the end of August 2023, having helmed the fintech for nearly four years.

The outgoing managing director described the decision to leave Latitude as “difficult”, and reflected on his tenure with the company which saw him reset the firm’s strategy to build on customer and merchant relationships, simplify the product suite, and launch the business in Singapore and Malaysia.

Read More: https://www.businessnewsaustralia.com/articles/latitude-ceo-ahmed-fahour-to-depart-as-company-unveils-66pc-profit-drop.html

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kalkinemedia · 2 years

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3 blue-chip stocks with dividends creating buzz in 2022

Blue-chip stocks are those large and well-established companies that are known for their sound financial performance. They boast of having consistent earnings and are leaders in their respective sectors.

3 blue-chip stocks with dividends creating buzz in 2022

Highlights:

· Blue-chip stocks are huge companies with a firm financial footing

· Westpac Banking to pay 61.0 cps as dividend in June

· Fisher & Paykel Healthcare Corporation to distribute dividend next month

Moreover, these companies are better prepared to pull through rocky market conditions owing to their reliable earnings and stable growth over time.

Hence, in this context, let us look at the three NZX-listed blue-chip stocks- Westpac Banking Corporation (NZX:WBC), Meridian Energy Limited (NZX:MEL) and Fisher & Paykel Healthcare Corporation (NZX:FPH).

Westpac Banking Corporation (NZX:WBC; ASX:WBC)

One of the largest providers of banking and financial solutions across NZ is Westpac Banking Corporation, boasting a market cap of about NZ$86 billion.

The bank has entered into a deal with Mercer to integrate BT’s superannuation funds and has agreed to let Mercer Australia take over its Advance Asset Management business. Both of these are likely to be completed by mid-2023.

Last month, WBC revealed its 1H22 results, wherein its cash earnings climbed 71%, and statutory net profit clocked NZ$3,280 million, up 63% on 2H21, majorly attributed to an improvement in efficiency and a significant reduction in costs. It will pay 61.0 cps as an interim dividend on 24 June.

Despite inflationary conditions and rising interest rates, Westpac looks positive for the year ahead and aims to further refine its operating model so as to enhance accountability towards its customers and deliver better returns for its investors.

At the closing bell on 9 June, WBC was down 4.11% at NZ$23.550.

Meridian Energy Limited (NZX:MEL; ASX:MEZ)

One of the country’s largest electricity generators is Meridian Energy Limited, having a market cap of over NZ$12 billion.

A few days back, the Company revealed that the Potline 4 contract, which was suspended, has now been extended till September-end 2022.

In its 1H22 results, the energy giant reported an NPAT and EBITDAF of NZ$145 million and NZ$394 million, respectively, on account of continued growth in retail sales. Also, it paid an interim dividend of 5.85 cps in April 2022. Median Energy is focused on delivering excellent customer services as well as enhanced returns both to its shareholders and other stakeholders.

At the closing bell on 9 June, MEL dipped 1.88% at NZ$4.710.

Fisher & Paykel Healthcare Corporation Limited (NZX:FPH; ASX:FPH)

Fisher & Paykel Healthcare Corporation Limited is a famous manufacturer of medical products and systems, which are sold in nearly 120 countries across the globe and has a market cap of about NZ$12 billion.

The Company has appointed Tracey Barron as its Future Director. Also, despite facing elevated freight rates, FPH recorded operating revenue of NZ$1.68 billion, and its NPAT stood at NZ$376.9 million in FY22 results. It will pay a final dividend of 22.5 cps on 6 July, thus bringing the full-year dividend to 39.5 cps.

FPH continues to advance its manufacturing capacity and expects to grow its investment in R&D so as to create the best possible outcomes for patients.

At the closing bell on 9 June, FPH declined 1.51% at NZ$20.260.

Bottom Line

Over the years, blue-chip stocks have emerged as a preferred investment option due to their strong fundamentals and their ability to pay dividends even during market downturns.

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