Quarterly Updates 26/4/24- April is a month when companies that are required to release quarterly updates do so. Let’s have a look a few.
As at 3:20pm, this is how the companies mentioned below have performed.
archTIS (ASX:AR9)
When losses are almost the same as revenues that signals that this company is still some way off being a legitimate opportunity.
Revenues that are not at least 1/3 of the total for 9 months that is another red flag.
When cash on hand barely covers losses (say at least less than 4x losses) that is another red flag. This company will almost need to do a capital raise in the next few months.
The dashboard shows a mixed bag.
Bannerman Energy (ASX:BMN)
Not a stock I track but one I keep an eye one. Uranium play but still clearly just digging around in the dirt at this stage. No revenues and not enough expenditure to suggest they’re building a mine.
A quick check suggests first revenues won’t be until 2027.
Resmed (ASX:RMD)
Strong numbers from Resmed (ASX:RMD) but of course it always depends on what the market was expecting.
The stock is up 9.05% in after-market trade in the US. I guess that answers that question!
Dashboard tells the story of a company moving in the right direction albeit slowly. Brokers suggest there is some value here. I can only imagine the brokers will increase their targets further after today’s result.
Vulcan Energy Resources (ASX:VUL)
A one much hyped European Lithium stock still seems some way off from producing anything.
They’re expected to start producing in 2026. Might be good timing as perhaps the lithium price will be on climb again by then. Hard to imagine though as there will be plenty more supply coming on stream around that time.
Improved sentiment around Lithium stocks sees Vulcan Resources (ASX:VUL) having a pretty good year. After a period of consolidation the stock has started moving higher. For the technical traders out there, this isn’t a bad looking chart.
Another interesting fact is that this company is currently ranked #21 on the ASX most shorted stock list.
Some other things quickly catching my eye
Microsoft (NASDAQ:MSFT) announced their results after the market closed. They’ve been received well and the stock is up.
Even better for Alphabet (NASDAQ:GOOG).
Nvidia had a strong night in a weak market. They are up further this morning buoyed no doubt by the Microsoft and Alphabet results.
Quarterly Updates 26/4/24
Disclaimer: This information is provided purely for educational purposes. It takes no account of an individual’s personal financial circumstances and hence can in no way constitute financial advice. The above data may be subject to errors or inconsistencies for which the author takes no liability. It is imperative that all investors do their own research or if they need advice, seek it from a qualified financial adviser.