Follow-up July 29 10:50AM (12 days later)
Cettire ASX:CTT has fallen back after the initial enthusiasm of their update. The same can be said for Integrated Research ASX:IRI justifying my belief that it was time to sell them. Global Health ASX:GLH has pushed higher, justifying the initial positive response to their update. Step One ASX:STP has maintained the massive gains it enjoyed on the day. Praemium has grinded around the same levels it fell to after its underwhelming result.
UPDATE: 10:12AM
It’s only very early but there’s no surprises here. Clearly the market was looking for more FUM from ASX:PPS. The uncertainty that could be seen in the trading of ASX:IRI has continued today. I had a position in this company from June 2024 which I decided to exit at the open. It was a great result but what comes next looks far more uncertain. The market likes the positive operating cash flows for ASX:GLH. The higher revenues for Cettire ASX:CTT have been received well but as I say it remains to be seen how their profitability is tracking. ASX:STP is the star, with positive momentum continuing in that business.
Step One Clothing ASX:STP
This appears to be a beat on Revenue (10%) and EBITDA (10%).
Cettire ASX:CTT
This appears to be a beat on Revenue of around 5% although profits are what really matter at this stage for ASX:CTT and as we have learned recently, higher revenues does not necessarily mean they will be higher. The stock has been moving its way up the ASX Short Positions List rankings too which is not a good sign.
Praemium ASX:PPS
Funds under management announcement is out. I won’t post hit here as I don’t know if it is positive or negative. The chart is a good one though so it will be interesting if this latest update can continue to fuel the positive momentum in the share price.
Global Health ASX:GLH
I know nothing about this company but I thought I’d have a quick look at their quarterly. Tiny company with a market cap under $7M. They have had a positive operating cash flow quarter which is a good start. Should they string a few of those together they could be worthy of a closer inspection.
Ugly chart. I doubt one quarter of positive cash flows will be enough to turn that chart around but it certainly shouldn’t see it fall.
From Yesterday
Integrated Research ASX:IRI
This was a good beat but clearly with CEO leaving who has clearly done a good job in recent times leaving, there is some uncertainty for the future. I think that is well demonstrated in the price candle with the shares trading in quite a wide range throughout the day.
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Announcements July 17