LA Private

August 2024

Pilbara Minerals survives tough lithium market

Unlike many of its peers in the lithium space, who have struggled to remain in business and faced significant write-downs, impairments, losses, and suspended expansion plans, Pilbara Minerals (ASX:PLS) has managed to survive—though not without considerable financial pain. However, this pain was anticipated; the 90% hit to earnings was well-forecasted after the company’s 2023-24 production

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Viva Energy sees profit increase despite slowdown in fuel sales

Shell fuel refiner and retailer Viva Energy (ASX:VEA) has reported a rise in half-year profit, driven by strong earnings from its refining business. This gain offset a slowdown in fuel sales volumes and a significantly higher interest and finance bill resulting from the takeover of a major Adelaide-based convenience and fuel retailer. Viva owns the

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Kogan reports strong earnings

Shares in online retailer Kogan (ASX:KGN) jumped more than 13% at one stage yesterday after it revealed the resumption of a final dividend for the first time in several years. The 7.5 cents per share dividend took investors by surprise, as Kogan had only resumed paying dividends earlier this year for the first half of

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Perpetual’s rocky road ahead

Investment manager Perpetual (ASX:PPT) on Monday delivered a mixed bag of news ahead of its full-year results for 2023-24, due out on Thursday. The more significant announcement was a pre-tax impairment charge of approximately $547 million, triggered by outflows of investment funds under management. This loss, largely attributed to J O Hambro and TSW, totalled

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