Three clients this year have all come in with record profits. It’s a symptom of what they are – excellent companies.
BHPB made record EBITDA of US$20.1 Billion, and profits of $13.7 billion. Thats on the back of some stellar commodity prices and solid volume increases. Records in Aluminium and Stainless Steel Materials helped things along. (I consulted 2 years back to Bayside Aluminium (record production this year) and am now with BHPB’s Nickel West Kwinana Nickel Refinery)
Trade Me made $50.4m for the year – slightly above a pretty solid target, and double last year.
Fairfax announced EBITDA of AU$571m, up 13.1%, with Fairfax NZ down slightly to NZ$185.9m EBITDA. (I consulted on and off to Trade Me, Fairfax Digital NZ and have a small ongoing relationship with Fairfax NZ)
I don’t get to say this very often due to regulatory requirements, but I’d BUY FXJ, and BHP – they are great companies.
Lance Wiggs 