Author: Harry Watt
OZL +6.53%: posted FY21 and June quarter production numbers today and they were strong in a number of respects. Production increased ~22% on the softer March quarter and the new run rate implies that the company will hit the mid-point of full year guidance
TPW +7.41%: one of the first companies to report this period, FY21 was a strong year for online furniture business Temple & Webster. Revenue up 85% helped EBITDA jump 141% for the year with strong operating margins.
KGN -1.45%: shares in the online retailer slowly gave back a strong start to close lower today following what looked like a decent full year pre-announcement. Sales are expected to be up over 50% for the full year, and earnings up around 60% which puts it right in the middle of previous guidance.
ALU -3.78%: A volatile session for ALU today with the stock down as much as ~14% early due to a report in The Australian suggesting that AutoDesk had walked from their $38.50 takeover offer.
WZR +1.89%: an impressive quarterly from the personal lending business Wisr. Their 4th quarter loan originations came in at $123m which is almost triple that of the 4th quarter FY20.
NEA +13.1%: shares in the mapping technology company have popped to 2 months highs today after reporting they are expected to beat guidance at the full year result. Nearmap expect Annual Contract Value (ACV) to come in at $133.8m after upping guidance only 10 weeks ago to $128-132m.
Z1P +13.73%: the AFR reporting overnight that US BNPL giant Klarna had picked up a 4% stake in the company. Traders jumped on the news today and Zip tracked higher through the session, taking top honours in the index today.
SYD +32.01%: shares in Sydney Airport (SYD) have traded to levels not seen since Australian cities first lockdown due to COVID after receiving a takeover offer. A consortium of investors including QSuper, IFM Investors and Global infrastructure Management have launched an all cash offer at $8.25/sh for the international and domestic airport.
RHP +20.1%: where there’s smoke there is usually a fire, as was the case with one of the positions in the Emerging Companies portfolio today. Rhipe confirmed that Crayon has made an offer on the company at $2.50/sh which sent the stock higher today.
