Reporting season concludes – EarlyPay, Inghams, Healius and economic data from the Commonwealth Bank
During reporting season, Investment Matters will update clients on all the results for portfolio companies in a simple table that outlines the share price impact of the results, along with short notes on our views of the results.
Readers should expect to see instances where we believe the result was positive, yet the stock market reaction was the opposite, and vice versa. Such mismatches are often due to the difference in investment timeframes. We are assessing company results with a medium-term valuation perspective.
Medical rooms ownership: Opportunities and pitfalls
When the share-market does not see value or investment merit in a particular stock the stock’s share price will recede. This could be because the company’s earnings (i.e. profit) outlook is poor (e.g. Bega Cheese Ltd) or perhaps the industry in the which the company operates is struggling (e.g. ARN Media Limited).
But often someone or a company will see value where the share-market does not. The logical outcome of this is one of the more interesting aspects of investment: the merger or the acquisition. Or, in jargon: M&A.
Leigh O’Neill
Non-Executive Director (since 2024)
Siobhan Ashby
Senior Private Client Adviser
Shane Livingstone
Portfolio Manager
Ilana Thomsen
Office Assistant & Receptionist
Kate Brook
Marketing Co-ordinator