TNE is Australia’s largest enterprise software company with over 1200 large companies as clients from universities to local councils who we feel will be “sticky” through tougher economic times. The stocks fallen 25% in sympathy with the sell-off in high risk names but the companies still delivering earnings growth with profit up over 30% last year, interestingly Macquarie who is one of the more negative analysts on the stock still values it at $11. After the recent sharp decline MM likes TNE from a simple risk / reward perspective.
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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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MM likes TNE under $11
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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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
Recorded Monday 25th March
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Wednesday 24th April – DOW +263pts, SPI +27pts
Daily Podcast Direct from the Desk
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