Temple & Webster (TPW) -5.17%, plenty of recent updates out of TPW so the conference was a chance to pull it all together. It largely fell flat though despite some good headline grabbers. They said COVID “has permanently accelerated online adoption in the Australian furniture and homewares market” with sales growth of ~20% in the first 20 days of April vs the same period last year which was their fast growing month ever.
CSL +2.38%, the market darling had very little new news out in their presentation today. The focus remains on plasma collections with foot traffic increasing as the virus threat wains. The main focus was the upgrade by Macquarie, the investment bank placing a $296 price target, and bumping it up to a Outperform (the equivalent of a buy).
Wesfarmers (WES) 0.06%, little in the way of movement from the stock today, with little new detail out in their update. On the retail side the discount department store (DDS) business was the big focus given the hype around converting underperforming Target stores into Kmarts. There was no change to guidance from Wesfarmers.
Afterpay (APT) -3.46%, once again little I the way of new news in APT’s presentation today. It looks more like a marketing push than a presentation with the company talking up their benefits from both consumers and merchants rather than an attempt to pump the share price.
