TNE +2.11%: the SaaS business presented half year numbers to the market, the stock closed higher though gave up ground intra-day. The numbers were solid, TNE talked up their exposure to the public sector with strength in sales to the Federal Government. They also talked to strength in the UK which is starting to find its feet as more of the population gets vaccinated. Annual Recurring Revenue (ARR) was up 41% in the half, and profit up nearly 50%. They guided to pre-tax profit of $94.3-98.6m, very much in line with expectations.
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Performance update for March, stocks that drove returns & our current positioning
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
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Market Matters Research Lead Shawn Hickman with David Koch
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Friday 19th April – DOW up 22pts, SPI down -55pts
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Performance update for March, stocks that drove returns & our current positioning
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
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