AungLay
2023-02-24

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,307.00 points, down -0.54% in the past 5 days.

During the last 5 trading days, $Eagers Automotive Ltd(APE.AU)$ $Inghams Group(ING.AU)$ $ORIGIN ENERGY LIMITED(ORG.AU)$ $Smartgroup Corporation Ltd(SIQ.AU)$ $Johns Lyng(JLG.AU)$ were up 21.72%, 17.52%, 15.43%, 14.97%, and 11.68% respectively.

1. $Eagers Automotive Ltd(APE.AU)$

The Eagers Automotive, Australia's biggest car sales group, announced a final dividend of 49 cents per share for FY22, creating a record total full-year dividend of 71 cents per share for investors.

The share price soared after the company released its full-year results for 2022. Eagers achieved record underlying operating profit before tax of $405.2 million

Eagers Automotive said its record profit came down to continuing strong demand for both new and used cars.

In addition, the successful acquisition and integration of the ACT and South Australia multi-franchised dealership groups and continued investment in strategic partnerships also contributed to the results.

2. $Inghams Group(ING.AU)$

Inghams Group Limited, together with its subsidiaries, produces and sells chicken and turkey products in Australia and New Zealand.

Last week, the company released its latest results. Inghams reported a 55% fall in net profit and has slashed its interim dividend by 44%. The company share price dived on the news.

But entering this week, the stock price began to rebound.

The company says the 1H FY23 results are down on 1H FY22 but are also a "significant improvement" on 2H FY22.

3. $ORIGIN ENERGY LIMITED(ORG.AU)$ - reduced offer turned out to be a relief

A Brookfield-led consortium trimmed its offer for Origin Energy by 1% on Wednesday, valuing Australia's no.2 power producer and energy retailer at A$15.33 billion ($10.5 billion), after government moves to cap gas prices hit valuations in the sector.

Origin Energy investors were braced for the $18.2 billion takeover offer from Brookfield and EIG to be cut much harder than it has been.

Strangely enough, the prevailing response among investors to news that the $18.2 billion bid for Origin Energy by Canadian giant Brookfield and US private equity firm EIG has been lowered from $9 a share to $8.90 is likely to be one of relief.

While no shareholder likes to see a bid premium eroded, Origin investors were braced for a much bigger cut than this.

What was originally described as a knockout bid is clearly still that–even today, with Origin shares trading at $7.01, the 27 per cent spread to the revised offer price looks attractive.

4. $Smartgroup Corporation Ltd(SIQ.AU)$

Yesterday, the company leaps 8% after releasing its full-year results.

Smartgroup attributed to continuing car supply constraints and higher operating costs. Its EBITDA margin came in at 42% for the year.

Citing the company’s strong cash flow conversion, the board declared a final fully franked dividend of 15 cents per share and a special dividend of 14 cents per share, also fully franked.

This sees the ASX 200 share paying out a total of 46 cents per share in dividends for 2022, representing a trailing yield of 7.5%.

5. $Johns Lyng(JLG.AU)$

Johns Lyng Group Limited provides integrated building services in Australia and internationally.

Johns Lyngsurged 16% after it reported a 63% increase in first-half EBITDA and has upgraded its revenue and EBITDA forecasts for the full year.

The company’s results included an 11% upgrade to forecast revenue and a 5.5% upgrade to forecast earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the full-year FY23. The company now expects $1.146 billion in revenue and $111.1 million in EBITDA for FY23.

The ASX 200 share will pay an upsized fully franked interim dividend of 4.5 cents per share, up 67%.Johns Lyng will pay its interim dividend to shareholders on 14 March.

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