29/06/2022 09:28

Emerging Companies Portfolio

The portfolio was up 4.94% in the week, ahead of the small ords index which rose 4%. Cash remains at around 4% with no changes to the portfolio. There was a wide spread of performance during the week as the EOFY washing machine of trades flowed through. Audinate (AD8) and Adore Beauty (ABY) rallied 16.9% and 13% respectively. Zip (ZIP) continued its poor run to fall -9.5%, and Tyro Payments (TYR) was also weak, down -8.2%.

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08/06/2022 09:26

Emerging Companies Portfolio

The portfolio was down -7.03% in the week, against the small ords index which fell -3.5%. Cash remains at around 4% with no changes to the portfolio. The weakness was mainly driven by Calix (CXL) which gave back some of its strong performance over recent months to fall -12.33%, while our overweight position in Aussie Broadband (ABB) also weighed with the stock falling -11.72%. Audinate (AD8) rallied +7.84% after a...

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06/06/2022 16:57

Audinate (AD8) $7.04

AD8 +0.57%: a positive sales update from the Audio-Visual hardware & software company failed to really ignite the share price. Audinate now expects revenue of over $US30m in FY22 after positive momentum in March & April continued throughout May. The guidance sits at least 5% above consensus expectations for the year and shows the company has continued to navigate short supply in the...

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01/06/2022 09:53

Emerging Companies Portfolio

The portfolio was up +4.56% in the week with cash remaining at around 4% - no changes were made to the portfolio. Pointsbet (PBH) added 17.86%, Audinate (AD8) added +12.37% and Paladin (PDN) added +12.37% to be the star performers. Adore Beauty (ABY) -9.63% and Select Harvests (SHV) -2.16% were the only holdings to fall in the week. May was a pretty tough time in the broader market and the portfolio followed, falling -7.8% but broadly in line with the small-cap index.

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18/05/2022 09:37

Emerging Companies Portfolio

The portfolio added +0.76% for the week while cash sits around 4%. Our most recent purchase in Lynas Rare Earths (LYC) was the top performer up by +9.53% while Praemium (PPS) +7.96% & Audinate (AD8) +6.10% were also strong. Zip Co (Z1P) was down -11.54% and PointsBet (PBH) fell -6.74% to be the biggest drags.

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28/04/2022 17:19

Audinate (AD8) $5.99

AD8 +6.21%: the audio-visual technology company provided a positive surprise in their quarterly update aftermarket yesterday. Revenue for the seasonally weak 3Q was $US6.5m, now strongly placed to beat FY estimates. They noted chip supply issues had started to ease after peaking early in the quarter, gross margins had been maintained above 75% and they have managed to push through price rises...

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13/04/2022 08:53

Audinate (AD8) $5.94

We bought Audinate late last year looking for an improvement in the semiconductor market to help support growth. While demand has been resilient, and Audinate has done well to relieve supply chain pressure, supply, or lack thereof, of chips, continues to bug the market. Shares traded to an 18 month low yesterday and have been underperforming the Philadelphia Semi-Conductor Index...

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30/03/2022 09:37

Emerging Companies Portfolio

The portfolio was up +2.28% in the week with cash falling to a little over 9% having recently added Pinnacle Investment Management Group (PNI) to the portfolio. Strandline (STA) continued to rally, adding another ~19% while EML Payments (EML) has found some form and rallied 10% in the week. Our weakest links were Audinate (AD8) which fell -5.92% & Dubber (DUB) which lost -5.56% &.  For context,  the Small Ords index added around 1.4%.

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16/02/2022 09:20

Audinate (AD8) $7.41

Yesterday we had a call with Audinate’s CEO & CFO – some quick thoughts below:

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14/02/2022 17:16

Audinate (AD8) $7.44

AD8 -3.75%: first half numbers for the audio visual technology company were out this morning. The top line was in line with expectations, printing revenue of $US14.8m in the half, up 33%. EBITDA ($2m) and profit (-$2.1m) were slight misses to expectations however these are less of a focus. The hardware side of the business maintained its dominance in the space...

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