Viewpoint: Bullish
Prospa Group is a small & medium enterprise (SME) lender, specializing in loans up to $500k to customers in Australia & New Zealand. It’s small with a market capitalization of $130m, however, it recently posted a strong FY22 result with EBITDA more than doubling, and positive earnings. In the last quarter, they wrote a record $245.7m in loans, taking the total loan book to…
Yesterday saw HUB rally well over +5% making it the second best on ground the day after it paid a relatively small 12.5c fully franked dividend. Last month saw HUB deliver a solid result with revenue coming in at $192.5m up 78% YoY and around 4% better than our expectations. Arguably more importantly they revised down their platform funds under…
LYC -0.34%: the rare earth miner started strong but ended with a whimper today following news of water supply issues at their Malaysian processing plant. They have been without supply from their main source for a week now after a few months of patchy supply. Since July, Lynas has been relying on a mix of trucked water and alternative sources to support the…
NIC was the ASX200’s top performer yesterday rallying +6.7% following the companies update on its Hengjaya Mine’s mineral resource, the stocks endured a tough year falling over 50% but this was solid news for this nickel business:
AMP is back knocking on the door of the $1.20 resistance area, we’re sticking with our view that it’s cheap under $1 and rich above $1.20 but a test on the upside is feeling increasingly likely.
MQG has comfortably bounced back to the $180 resistance area and we while wouldn’t advocate buying here from a risk / reward perspective a break higher feels like it could hit $200 in the blink of an eye, over 10% higher.
The last few weeks are looking increasingly like the crowded longs were finally washed out of their position in crude oil after its failed foray down towards $US80 on China induced recession fears, the subsequent rapid recovery looks to us like the complex’s 30% correction is complete.
In similar but less dramatic fashion to oil we saw the bulk commodity recover some of its recent losses at the tail end of last week, our feeling is this will follow through back towards the $US120/MT region.
360 +16.36%: while the rally in tech stocks helped, Life360 was also boosted by strong guidance into the 2H. The digital safety company presented at a technology conference today and painted a rosy picture for the rest of the year and beyond. They guided to an EBITDA loss of $3-6m in the second half before targeting profitability and positive cashflow by…
MTS +0.49%: the food, liquor and hardware distributor hosted their AGM today coming with positive commentary since their April year-end. Sales for the first 17 weeks of the year are up 8.9%, led by a 19.5% jump in hardware, supported by 11.5% growth in liquor, and 4.9% in food. Inflation has certainly helped support the growth, while also likely pushing costs…
