Author: Harry Watt
Carsales (CAR) +6.19%: one of the better performers today, the online vehicle classifieds saw shares jump on a reasonable guidance figure, talking up the rebound in activity since April. The company expects around 7.5% lower for the full year at $120-124m, on a fall of ~5.5% in revenue. The market was looking for $111m, guidance […]

Wisr (WZR) +35.48%: A small cap fintech we like out with an update this morning and they delivered $23.1m in new loans in the 1st 2 months of 4Q20, comprising $9.3m in April and $13.8m in May (+48% growth), while they also tightened credit standards. There are a number of ways we can look at a […]

Viva Energy (VEA) +15.46%: was back challenging recent highs today on the back of a profit update heading into the end of the first half. Viva provided a wide range in their earnings guidance coming in between $20m-$50m on a replacement cost basis which compares to $50.9m for the first half of 2019. Though sales through […]

Healius (HLS) +18.97%: received a $500m bid from private equity firm BGH for the medical centre portion of the company over the weekend which helped shares pop today. The bid represents around 80c/share with around 18% of the group’s revenue and 22.5% of the group’s EBIT attributable to the sold segment at the FY19 results. Healius will […]

JB Hi-Fi (JBH) -4.24%: following Harvey Norman’s updated yesterday, competitor JB Hi FI updated the market after withdrawing guidance in late March. Now with a little more clarity, earnings locally were given a boost by the shutdowns with Australian JB Hi Fi stores seeing 2H sales growth of 20% on last year, and the Good […]
Harvey Norman (HVN) +4.79%: shareholders rejoiced today after news they would be getting a 6c special dividend, to offset some of the pain felt when Harvey Norman pulled their scheduled 12c interim payment at the height of the pandemic. The retailer saw local sales boom with the rush for electronics helping local sales rise 17.5% […]

Smart Group (SIQ) -5%: AGM today for the salary packaging and novated leasing business with the stock coming off the boil during the session. Understandably, the business took a hit with COVID, and the first half NPAT is expected to come in around $32m, 5% below last year. The first quarter was largely unscathed by […]
Wesfarmers (WES) +0.14%: the retail side of the business provided an update to the market today, part of which highlights why they recently bit the bullet on Target with some decent write-downs. For the 2nd half to the end of May, Target sales fell 2% while Kmart saw 4% growth compared to the same period last year. While sales […]

Vocus (VOC) +2.88%: tightened guidance today for the full year result, lowering the top end of the EBITDA guidance for a range of $359-369m. The market was already looking for $365m, around the mid-point of the revised guidance so not too much to change for the analysts there. The telco also reworked their debt, moving out […]
Tyro Payments (TYR) +7.92%: This morning TYR released its weekly trading update which it has been doing throughout COVID. We are providing just a high-level summary as TYR was/is the fastest growing terminal provider and likely to be a good indicator of broader offline transactions with a primary skew towards hospitality. As you’d expect, they […]