DDR -0.96%: the hardware & software wholesaler trended lower today on a trading update ahead of their half year results that was a mild disappointment. The company expects Profit Before Tax is expected to climb 7.1% on the half with revenue printing ~6.4% higher. The result comes despite a global chip shortage which constrained hardware supplies. There was a strong bounce back in Q2 which suggests there is momentum into the second half though the company declined to provide guidance given the uncertain outlook.
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Performance update for March, stocks that drove returns & our current positioning
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Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
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Market Matters Research Lead Shawn Hickman with David Koch
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Wednesday 24th April – DOW +263pts, SPI +27pts
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