Wry & Dry #31-26 State of delusion. Feeding the chooks. Other side of the rabbit-proof fence.
The week was flooded with Trumpster’s doings. The usual blend of tabloid theatre, abuse of ‘losers’ and the re-emergence of TACO. And Uncle Albo showed his versatility by showing interest in matters monarchial. Ms. Hanson took the right-wing limelight from both the Gnat and Libs as the media lapped up her attempts at bon mots.
Company reporting season concludes – Emeco Holdings, QBE Insurance Group, Healius Limited and Cleanaway
In this week’s Investment Matters, we highlight a range of reporting season results and provide some commentary from meetings with management. The final week of reporting is often characterised by big moves and surprise results. However, this year, reality has been significant price variation across the board, with the average stock movement of more than 10%.
This week, we saw the trend that has persisted throughout February. Across the market, whilst overall index levels are higher since the start of the month, more than 60% of companies saw share prices lower.
This week’s in-depth discussions will focus on larger portfolio positions, including Emeco Holdings, QBE Insurance, Cleanaway Waste Management, and Helius.