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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Performance update for March, stocks that drove returns & our current positioning
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Friday 19th April – DOW up 22pts, SPI down -55pts
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Market Matters Research Lead Shawn Hickman with David Koch
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Thursday 18th April – ASX200 +32pts, Resmed (RMD), Transurban (TCL), Santos (STO) & SRG Global (SRG)
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MM is neutral BXB
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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Friday 19th April – DOW up 22pts, SPI down -55pts
Daily Podcast Direct from the Desk
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Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
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Thursday 18th April – ASX200 +32pts, Resmed (RMD), Transurban (TCL), Santos (STO) & SRG Global (SRG)
Daily Podcast Direct from the Desk
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