Sat 11 Sep 2010 3:50
Feature Article | Feature

13 Aug 09 – Reporting wrap

13 Aug 09 | Issue 278
By Gareth Brown
Today saw profit announcements from heavy hitter Telstra, as well as Coca-Cola Amatil and Bunnings Warehouse Property Trust.
Company ASX Price
at Review
Current
Price
Change since
review
Fund.
Risk
Share
Risk
Our
View
Coca-Cola Amatil CCL $9.27 $11.91 +28.48% 2 3 Hold
Telstra TLS $3.56 $2.81 -21.07% 3 3 Hold
Bunnings Warehouse Prop Trust BWP $1.760 $1.940 +10.23% 2.5 3.5 Avoid

Telstra

Committed shareholders might care to listen to Telstra’s full year results webcast or download the whopping 251-page statutory accounts. Alternatively, Steve Johnson has provided details of the result and his thoughts on the stock in this full review published earlier today. For the benefit of income investors, the final dividend will be a fully franked 14 cents, flat on the same period last year.

Coca-Cola Amatil

After taking a detailed look at Coca-Cola Amatil on 12 Jun 09 for the first time in years, the recently reported half-yearly results held no great surprises. Trading revenue rose 10% to $2.04bn and net profit 10.4% to $190m, while the interim dividend was raised 1.5 cents to 18.5 cents, fully franked. You can download the half year report and the company has indicated that the results webcast will soon be available on its website, although we can’t find it there yet. A rough summary of the result is available in this media report.

Bunnings Warehouse Property Trust

Bunnings Warehouse Property Trust has so far escaped the downturn with only a few cuts and bruises, but its paltry 5.3% forecast yield doesn’t tempt us and we don’t plan a full review any time soon. You can read about the trust’s full year profit result in this media report or head to the trust’s own presentation.

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