Quarterly Updates 29/4/24 – April is a month when companies that are required to release quarterly updates do so. Let’s have a look a few.
1:30PM Update
This is how the stocks covered this morning are performing this afternoon. Have to say, there’s no surprises there at all. Megaport (ASX:MP1) shot higher at the open as most companies will do when they release an announcement titled “FY24 EBITDA Guidance Upgrade”. I think they lose a bit of credibility for that one. All they really did was narrow the range to the top of the previous guidance. The market saw through that one. Nevertheless, they remain one of the fastest growing companies on the market for now.
Brainchip Holdings (ASX:BRN)
Still virtually no revenues and another $4.3M out the door.
At this rate of cash burn, they will need a capital raise soon.
A quick check reveals they are 45th on the most shorted ASX stocks list at 3.9%. I’m guessing a bit chunk of those shorts are betting Brainchip (ASX:BRN) will need to ask the market for money soon.
Bowen Coking Coal (ASX:BCB)
https://www.bowencokingcoal.com.au/
With coking coal prices at elevated levels, it makes you wonder what it will take for this little miner to be profitable.
Companies with low cash, negative operating cash-flows and a large debt balance are stocks I tend to put on the “critical list”. This appears to be a highly challenged company.
All sounds good though if you just go by this.
Medical Developments (ASX:MVP)
Slowing sales this quarter and rising losses are not a good combination. Still need a lot more sales to cover those losses if they company isn’t prepared to cut costs.
No debt unlike ASX:BCB so not as critical. Nevertheless, it’s almost certain this company will need to raise more capital from long suffering shareholders.
Nothing to see here? Everything on track? Operating cashflows improving? Please remain calm while I reach behind your back and take your wallet!
Megaport (ASX:MP1)
No quarterly cashflow report for MP1 sadly, just an update. Reads well.
Could argue things are slowing down though.
Does this further support that argument? 12% growth in main revenue generating metric is good but is it good enough for a high multiple company like this one?
An earnings upgrade always helps though, albeit it’s quite miniscule. That revenue guidance actually looks like slight downgrade – at least compared to the broker numbers which were sitting at $196M. Swings and roundabouts? Pre-market suggests the share will rise. A strong night for the NASDAQ on Friday night won’t hurt either.
SiteMinder (ASX:SDR)
It’s easier to just show their numbers compared to previous quarters straight from my database.
Revenues up a bit and operating cashflows doing exactly what you’d want to see.
It’s nice when the commentary matches the numbers.
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.
Quarterly Updates 29/4/24