The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
Reporting Season - 19 August
Companies covered: Westpac (WBC), Ampol (ALD), A2Milk (A2M)
Stocks discussed:
- Westpac (WBC): unaudited Q3 net profit up 6% on a quarterly annualised basis to AU$1.8bn, beating analysts’ estimates
- Ampol (ALD): HY profit misses the mark, hurt by Lytton refinery disruptions & the interim dividend is slashed to AU$0.60/share
- A2 Milk (A2M): FY24 inline with estimates, but outlook dented as China IMF market conditions remain challenging