WTC +4.18%: the logistics technology business delivered a beat for the first half with improved margins lifting FY guidance. Revenue was up 21% to $288m while EBITDA jumped more than 50% to $137.7m, with better outcomes from cost out initiatives coming through. Revenue guidance for the full year was maintained but EBITDA guidance was up ~4% at the midpoint v current expectations to $275-295m on higher margins. They’ve done well to pass on price increases to customers particularly on the CargoWise business with the rollout of Large Global Freight Forwarder.
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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 expects a quick ~10% rally from current levels – one for the traders
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