Morning Report Wednesday 24 June 2015
With the End of our Financial Year only a few days away and with August company reporting season approaching fast, we are in the “eye of the storm” of corporate confessions e.g. Seek (SEK), Woolworth (WOW) and now Flight Centre (FLT). Talk of a potential downgrade also sent Ansell (ANN) shares down aggressively on Monday where we became a happy buyer. We are witnessing the perfect example of why investors must research what stocks they wish to purchase and at what levels, hence when news is released it can be assessed and acted upon. We were pleased to see ANN rally over 3% yesterday after our purchase, yet SEK which we decided to avoid, only bounced 0.4% on a day that the AX200 rallied 1.35% - of course one day does not make a summer! Let’s take a look at these 3 stocks again:
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