Morgans Blog | Morgans

All posts by Anthony Porto

Former Senior Analyst

Sectors Covered: Online, Emerging Tech

SEEK: Approaching peak Seek?

18 November 2021, 9:00 AM

Seek’s (ASX:SEK) AGM trading update confirmed strong trading conditions FYTD both domestically and in the larger Asian markets in which the company operates.

REA Group: Proving still more juice to squeeze out of depth

By Anthony Porto

08 November 2021, 9:00 AM

REA Group’s (ASX:REA) Q1’22 trading update was ahead of our and market expectations, with 22% topline growth on a LFL basis driven by an extremely resilient domestic resi market, with depth penetration increases surprising to the upside.

Domain Holdings Australia: Starting to yield some good growth

By Anthony Porto

05 November 2021, 8:00 AM

Domain Holdings Australia’s (ASX:DHG) 1Q trading update provided at the AGM has come in ahead of our expectations, punctuated by robust growth in ‘controllable yield’ and signs the marketplace strategy is beginning to yield results.

Domain Holdings Australia: Getting some more Insight

By Anthony Porto

18 October 2021, 10:30 AM

We incorporate Domain Holdings Australia's (ASX:DHG) acquisition of Insight Data Solutions (IDS) into our forecasts and valuation following completion of the deal.

Redbubble: Looking past Q1 “sticker shock”

By Anthony Porto

15 October 2021, 8:00 AM

Whilst this topline result was 3.5% below our forecasts, the cycling of Covid-19 induced lockdown tailwinds and mask sales always had Q1 as the toughest quarter to cycle. We believe Redbubble (ASX:RBL) has now moved past ‘peak cycle risk’ given their international exposure, ahead of domestic e-commerce players.

Frontier Digital Ventures: Re-emergence

By Anthony Porto

26 August 2021, 10:00 AM

Frontier Digital Ventures (ASX:FDV) continues to exhibit positive momentum with the majority of businesses now seeing a sustained rebound out of COVID induced lows.

SEEK: A complex simplification

By Anthony Porto

25 August 2021, 10:30 AM

Seek’s desire to simplify its operating structure, removing the financial burden of funding the ESV portfolio on balance sheet, has led to a complex FY21 result and forecast changes, but should achieve the aim of focusing investor attention back on the core operating business, which is poised for a period of strong growth.