Viewpoint: Bullish
FY21 Result: While the result was largely pre-released todays update did re-affirm the strong position the personal lender is in. Revenue jumped 280% to $27m while EBITDA losses tightened to less than $10m, both slightly ahead of expectations in FY21. Loan growth and lower funding costs are key to the story, and both are performing well.
MM has been eyeing off CTD over through 2021 but in hindsight we’ve been too pedantic on price, not uncommon with an investment that ends up being correct as a number of players are looking at the same idea hence supporting the price into pullbacks. Similar to QAN the stocks trading well below its pre-pandemic low but in this case we especially…
MM has been holding TCL in our Income Portfolio for well over 12-months and its currently showing us a nice paper profit but as the economy reopens and people get back in their cars this toll operator will make more money and theoretically pay more dividends hence TCL remains a yield play MM likes for what will hopefully be the new norm in 2022 and beyond.
MM is holding QAN in our Growth Portfolio and this position has come to life so far this week, fingers crossed todays result is taken positively as we look into the future where pent up demand is clearly huge. The QAN share price remains 35% below its pre-pandemic high and assuming no hidden surprises in todays earnings report we remain happy…
Iron Ore is starting to consolidate after plunging 36% over the last month. After flagging the risks on the downside for the bulk commodity MM is now neutral / bullish iron ore especially after taking into account our positive reflation outlook moving forward.
A2M has been lurking in the shadows of late as anticipation builds before its earnings report this morning, which unfortunately is a miss to expectations. Clearly a hugely challenging year for A2M and todays results reflect that with profit down ~79%. They have reported inline revenue however EBITDA of $123m was ~12% below expectations while NPAT…
HUB made fresh all-time highs yesterday as the business continues to grow while maintaining decent margins plus most importantly in their latest report they’ve provided a huge lift in FUA guidance moving forward. Costs will increase on the tech & sales side but we believe the phenomenal growth rate more than makes up for this expenditure, also we should remember…
AI business APX was the markets the 2nd best performer yesterday rallying +8.7% as investors looked for value in the tech sector following WTC explosive move. The risk / rewards looking attractive down here and we can see an initial quick 10-15% rally but much more wouldn’t surprise as the market chases the “beaten up names”. NB: They report results…
The ASX200 enjoyed a solid Wednesday session with the combination of strong earnings and aggressive chasing of some recovery stocks ultimately leading to a +0.4% advance – 12 shares rallied by 5%, and more, while only 4 names fell by the same degree. A couple of standout themes on the stock and sector level caught our attention yesterday with an underlying belief…
FY21 Result: not a lot of ‘earth shattering news’ from the BNPL company today with results in line with expectations. They did report a bigger than expected loss due to heavy investment in marketing and global expansion initiatives however that will (hopefully) pay growth dividends down the track. FY22 has started strongly and importantly, we’re comparing…
