Atul Lele
Atul Lele
defensive earnings helping manage period retail sector
Their earnings are more defensive than much of the discretionary retail sector and they manage it better. It's helping them in this period and will keep helping them in the future.
cost demand diamond expansion higher means meet prices project returns
The cost of the expansion is higher than we expected, but diamond prices and demand have been buoyant, which means the project will meet returns targets.
achieving certainly plans positive strategic terms toll
It's certainly a real positive for Toll in terms of achieving its strategic plans in transport.
excellent number outcome though toll
It's an excellent outcome for Toll even though they had to make a significant number of concessions.
achieve data expectation given good margins million price recent sales
Around A$800 million would be a good price to achieve for Myer, given its recent disappointing sales data and the expectation that margins have also been squeezed.
alter currency interest markets potential rate value volatility
The volatility of international equity, interest rate and currency markets has the potential to significantly alter the value of the funds' assets.
certainly earnings expect given guidance negative outlook
We certainly didn't expect such a bearish outlook and they haven't given any earnings guidance, which is a pretty negative sign.
anecdotal evidence market media relatively taiwanese
Anecdotal evidence also suggests that the Taiwanese media market is still relatively immature.
ahead business driven growth lending result
The result was ahead of our expectations. Business lending has driven growth and buoyed their earnings.
above generally good results
The results were generally good and above expectations.
available basically casinos changes completed control delays issue last
Basically this sub-concession will give them more control and it's important because it is the last available sub-concession. But the real issue for us is when their two casinos are going to be completed as there were some delays and changes to the development.
current feed mining momentum prices short
Momentum is on the mining companies' side, at least for the short term, as current commodities prices feed through to earnings.
player powerful price toll
It's a very appropriate price for Patrick. Toll is going to become a very powerful player in the industry.
deal good highlights looks media plans
It looks like a good deal and it highlights the international plans and opportunities that Macquarie Media has.