TMS Insights August 2025: CSL's protest sell-off
CSL is trading at levels not seen since before COVID after a result the market treated as a broken promise. In this episode of TMS Insights, Ben and Jeremy work through a messy mid-season week from separate locations.
In this episode:
- CSL announces a demerger, layoffs, a restructure and a buyback all at once, and Ben and Jeremy weigh whether a leaner business on an unusually low multiple is a buy.
- Goodman Group rides the data centre boom, where the hardest part isn't building the centre, it's securing the power, and Goodman's land bank does exactly that.
- Copper now drives almost a third of BHP's earnings, and the iron ore price keeps defying the analysts.
- Telix comes from nowhere to US$800 million in revenue eight years after listing, with FDA decisions ahead on its renal and brain cancer treatments.
- And Light & Wonder consolidates onto the ASX, betting that Australian analysts, the world's best judges of the gaming sector, will value it more fairly.
Companies discussed: CSL (CSL), Goodman Group (GMG), BHP (BHP), Cochlear (COH), Fisher & Paykel Healthcare (FPH), Telix Pharmaceuticals (TLX), Light & Wonder (LNW), Washington H. Soul Pattinson (SOL) and REA Group (REA).
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