Auto parts business Bapcor presented at the Macquarie Investor Conference yesterday with shares weaker on the day. The presentation came with no surprises which, in our view, should be more positive for the stock. They maintained guidance, and have done so now since the AGM in October despite a change in CEO. It also shows the business has returned to growth in the second half given the slow start to the year. Sales are up 3% for the 9 months to March, in line with consensus estimates.
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Performance update for March, stocks that drove returns & our current positioning
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
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Market Matters Research Lead Shawn Hickman with David Koch
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Friday 19th April – DOW up 22pts, SPI down -55pts
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MM is bullish BAP
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
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Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
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Friday 19th April – DOW up 22pts, SPI down -55pts
Daily Podcast Direct from the Desk
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