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.
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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.
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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.
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By Anthony Porto
25 August 2021, 9:00 AM
With expectations rebased following AMX’s mid-June guidance update, AMX has produced a FY21 result at the top end of guidance and ahead of MorgansF.
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By Anthony Porto
20 August 2021, 8:00 AM
Redbubble's (ASX:RBL) FY21 result came in slightly below forecasts. Given quarterly reporting, the quantum of the miss in the 4Q was a degree higher.
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By Anthony Porto
20 August 2021, 7:00 AM
Airtasker (ASX:ART) has seen 35% gross merchandise value (GMV) growth in FY21 (39% in Q4) despite the impact of Melbourne lockdowns in the 1H.
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By Anthony Porto
18 August 2021, 10:30 AM
Domain Holdings Australia (ASX:DHG) has produced a FY21 result very much in line with MorgansF at the topline, with a slight miss at the EBITDA level. Normalised EPS was ~3% above MorgansF.
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By Anthony Porto
17 August 2021, 9:00 AM
Carsales.com (ASX:CAR) FY21 result and growth outlook has justified the recent share price run, with results coming in at the top end of guidance provided in mid-May, and CAR pointing to a number of product initiatives to drive long term growth
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By Anthony Porto
04 August 2021, 3:00 PM
Anthony Porto, Morgans Senior Analyst, discusses the upcoming results and likely topics of interest for the online classifieds sector. Anthony views small caps universe, FDV, BKG, ART and CAT as attractive.
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By Anthony Porto
17 May 2021, 2:30 PM
The acquisition of non-auto marketplace Trader Interactive provides another growth angle for Carsales, who have shown ability to generate good returns from their larger International acquisitions.
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