Challenger (CGF) – Equity market blowback… Pinnacle Investment Management (PNI) – Distribution continues… Sims Metal (SGM) – Margin compression and Turkey
The All Ordinaries index was up 1.8% during the week ending 18 January 2019. This was an impressive move bringing total gains since the December 24 low to 6.9% and taking the index back up to within 3% of the 200 DMA, a significant level from an overall trend perspective.
As always it’s not the headline number that interests us but the numbers behind this number that gives us a better understanding of what’s driving the market at the more granular level of sectors and companies.
Kogan (KGN) – Record trading days but growth slowing… Afterpay Touch (APT) – No end in sight… Megaport (MP1) – Strong operating momentum… Navigator Global Investments (NGI) – Investment losses, outflows and deferred sales cycle…
A2 Milk (A2M) – Margins stablising… Freedom Foods (FNP) – Sales expectations and infant formula launch… amaysim (AYS) – Trouble with the ACCC… Nearmaps (NEA) – Accelerating growth… Axsesstoday (AXL) – Simple bond raise successful
Phoslock Water Solutions (PHK) – Funding for China growth… Gentrack (GTK) – Capital reload… Sigma Healthcare (SIG) – Chemist Warehouse contract lost… Capitol Health (CAJ) – More acquisitions… Money3 (MNY) – Ray Malone appointed exec chairman… Redbubble (RBL) – Founder retiring