HSN -3.93%: the utility billing software company reported HY numbers, coming in largely in line with expectations with shares trading lower with the weaker technology sector today. Revenue was flat and in line with consensus at $149m while EBITDA fell 17%, slightly below expectations. The company was cycling a strong licencing period that would have lifted revenue by an additional 7%, while cash receipts were lower than expected, though management said that this has started to unwind. Guidance for the full year was maintained at 3-5% revenue growth, however, we expect further growth to come through beyond the end of the FY after a number of contract wins. Hansen is also actively looking for acquisition targets with their flexible balance sheet, but we like their discipline, not paying up for now.
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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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Friday 9th May – Dow up +254pts, SPI up +3pts
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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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Friday 9th May – Dow up +254pts, SPI up +3pts
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