CIM -7.13%: the engineering company was the worst performer today after coming in at the low end of guidance in the full year result. Earnings were up 15%, but a 5% miss to consensus at $405m. Operating cashflow was a disappointing loss of $172m despite 8% revenue growth. They are seeing a tailwind of infrastructure spending which helped the company win more than $20b in work for FY21 however their guidance also disappointed. NPAT for FY22 is expected between $425m-$460m, a 6% miss to consensus at the midpoint.
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Gerrish: The correction is done, we’re positioning for what comes next
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Tuesday 13th May – Dow up +1160pts, SPI up +97pts
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Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March
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Tuesday 13th May – Dow up +1160pts, SPI up +97pts
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