Market darling online homewares and furniture retailer, Temple and Webster was hit hard this week despite reporting revenue up 138 per cent since the start of FY21. While the company continued to benefit from a consumer shift to online shopping, the market clearly believed the stock was running a too hot. October revenue was up… Read more »
Stock of the Week #1; Altium Altium launched its new cloud platform Altium 365, expanding its leadership and organisational capacity to drive growth and high performance for market dominance. In the restructure, it’s separating its cloud operations from its software business and will focus on growing its market opportunity and expansion into the broader electronics… Read more »
Stock of the Week #1; Cimic CIMIC Group’s 50% owned associate, Ventia, has won a $124 million contract extension with the NSW Land and Housing Corporation. Under the contract, Ventia will continue to provide maintenance, project and program services in Sydney, Newcastle and the Hunter Valley. The initial agreement was signed in April 2016, and… Read more »
Digital job ads platform, Seek, has confirmed that its Chinese digital jobs classifieds business, Zhaopin, is speaking to potential investors amid speculation e-commerce giant Alibaba could invest “hundreds of millions of dollars” in the company. SEK told the markets that Zhaopin and its shareholders were in discussions with “a number of parties” about new investment… Read more »
Stock of the Week #1; NextDC NXT reported a 14 per cent rise in revenue, coming in at the high end of its guidance range. Growth was driven by strong demand for capacity at its data centres. Customer numbers also surged – up by 15 per cent in the period. Spending was big in the… Read more »
Online recruitment advertising business Seek announced an expected big drop in profits during the week as the jobs market around the world is in turmoil because of COVID. Seek’s annual earnings were down more than 9 per cent to a net loss of $111.7 million although revenue for the group edged slightly higher to $1.5… Read more »
I know Stock of the Week is usually a company you can buy I’ve been interested in what the experts think of the battered, iconic financial giant AMP. This week AMP came under more pressure as the huge value investor, Lazard Asset Management is no longer a substantial shareholder. Earlier this year, Lazard held over… Read more »
Online homewares retailer Temple & Webster has had a stellar 12 months… not just increasing sales but also share price rise. This week it reported full-year revenue has spiked by almost three-quarters to $176 million, as the coronavirus lockdown played into the hands of the online retailers. Just last month, the online furniture retailer raised $40… Read more »
Provider of professional digital audio solutions, Audinate, is in a trading halt after announcing a $40 million capital raise to accelerate growth and pursue potential M&A. This consists of a $28 million insto placement and $12 million SPP. We asked experts on The Call, Rudi Filapek-Vandyck from FNArena and Claude Walker from A Rich Life to… Read more »
