The ASX had a strong July... but these four companies left the market in the dust with gains of up to 38%.
Disclaimer: This article is general information and for education and entertainment purposes only. It does not take into account your personal circumstances. Full disclaimer below.
July is historically one of the best months for Aussie shares and this year it didn't disappoint. The ASX 200 climbed 2.25% after several companies dropped good news ahead of results season.
While the index had a solid month, a few companies delivered a standout performance.
A quick note before we dive in: these are historical results, and past performance is not a reliable indicator of future performance.
Viva Energy runs fuel refineries and one of Australia's biggest networks of petrol stations, including Shell branded sites. It’s the business getting fuel out of the ground and into your tank.
This month Viva Energy’s shares shot up 38% - hitting levels not seen since 2024. This followed a strong preliminary result showing expected earnings before interest, tax, depreciation and amortization (EBITDA) of $770 to $780 million, more than double what it made this time last year.
Throughout the year, conflict in the Middle East has squeezed global fuel supplies while demand has stayed strong. And when supply drops but demand doesn't? Fuel refiners like Viva Energy are the ones smiling.
But the vibe has already started to shift.
Just a few days into August, Viva shares dropped over 2% in a single day, and analysts have started calling it one of the most "overbought" names on the ASX right now.
AMP is one of Australia's oldest financial services companies - covering banking, superannuation, financial advice and, less known, pension partnerships overseas.
In July, AMP shares were up around 33.5% after the company surprised the market with an upgrade to its first half profit guidance - now expecting between $170 million and $180 million.
This success was driven by AMP's pension partnerships in China, expected to bring in about $56 million post tax for the half. Not exactly what comes to mind when you think of AMP, but it's proving to investors to be a genuinely solid earner.
Perpetual is a leading Australian wealth management company, offering investment, financial advice and trustee services.
After a dramatic month of receiving not one, not two, but three separate takeover offers (each one bigger than the last), Perpetual’s shares jumped 22% in July.
Perpetual's board has knocked back every offer so far while still leaving the door open for talks behind the scenes.
Boss Energy digs up uranium - the fuel that powers nuclear reactors around the world.
In July its shares were up 21% after confirming record production at its Honeymoon mine in South Australia.
The mine's progress was slowed down by heavy rainfall and delays earlier in the year, so hitting full year guidance is a big win in investors’ eyes. Boss also topped up its cash reserves and is sitting mostly uncontracted, which means it stands to benefit even more if uranium prices keep climbing.
But Boss shares are still well down over the past 12 months, so July was more of a bounce back rather than a brand new high.
Were any of these lucky companies in your portfolio?
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