BXB tumbled 8.3% yesterday following an investor presentation making it the ASX200’s weakest link on the day. Sellers surfaced in the logistics company as a significant investment drive coupled with disappointing profit growth worried many although the company is looking for sustained growth from FY23 onwards. For MM its an ok story but there’s no obvious catalyst to start buying pre-Christmas.
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Gerrish: The correction is done, we’re positioning for what comes next
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Monday 12th May – Dow down -119pts, SPI up +16pts
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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MM is neutral BXB
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Monday 12th May – Dow down -119pts, SPI up +16pts
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March
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