Month: August 2020
Costa Group (CGC) +11.82% CGC is a December year end so Friday was their 1H results. The rhetoric being the most optimistic I’ve heard in a few years, although in fairness, the bar was set low. Revenue of $612.4m was as expected however profit for the half was stronger by a decent margin. Market expectations […]
Pointsbet (PBH) +86.67% Full year results were largely in line with expectations, if not a little better despite the EBTIDA loss increasing to -$37.6m. Pointsbet has been focusing on winning market share in the US, and spending big to do it so it wasn’t a huge surprise that it printed another loss for the financial […]
Bingo (BIN) +13.49% The result I was most concerned about this reporting season dropped today and it beat on all metrics. The bearish thesis was around weak construction hurting earnings, reduced earnings putting pressure on the balance sheet and a forced equity raise the obvious consequence….well, that didn’t happen with revenue holding up while earnings […]
Really bullish, there's more to go in the reflation rally
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