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1.Market Observations, 2.share trading, 8.Was Sticky

31 Aug 2019 (AFR) – Reporting season: Tensions relieved ahead of testing second half – The best and worst of reporting season

(31 August 2019, AFR, p23, Chanticleer, James Thomson)

‘It’s been a long, tense reporting season, so let’s celebrate the hits, misses and silliness of four big weeks. Thank God that’s over. The August reporting season is always exhausting for executives and investors, but there has been an extra layer of tension rippling through the 2019 edition. Low growth, low rates and low confidence put pressure on all the players.’

<snipped…>

‘Guidance misses or weaker-than-expected outlook statements have been punished with wild swings. Boral was down 20 per cent on results day. Speedcast fell 32 per cent. Inghams was down 17 per cent. Midway plunged 14 per cent. Appen was down 11 per cent. PointsBet fell 10.5 per cent. Amaysim dived 23 per cent. G8 Education dropped 16 per cent. And those examples were just from the final week of the season.’

Read lots more at AFR.com (might need AFR login, or try: AFR.com/trial)

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