Redbubble Data & Performance, page-28

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EllieO

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05/02/21

08:33

Post #: 50725875
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Originally posted by reach_k: ↑

https://www.copyright link/technology/early-january-bolters-show-the-tech-stocks-to-watch-in-2021-20210129-p56xx5

"Early January bolters show the tech stocks to watch in 2021"

Morgans senior analyst Anthony Porto said there could be scope for smaller tech stocks to attract the attention of investors.“It relies on a continuation of stable or rising markets where after a time people cycle into smaller names ... on the flip side they tend to get smashed quicker too in downturns, even though they didn’t go up commensurately on the upside,” he said.“So it depends on current market conditions prevailing through most of this year and if they do, you’ll get that cycle into the smaller companies.”

Mr Porto, who previously worked on the buy side, joined Morgans in the middle of last year when Ivor Ries retired. He said his top pick since joining had been Redbubble.For the year-to-date Redbubble is trading up 15 per cent, after a bumper year in 2020 due to the huge boost to online shopping in the pandemic.“It looked materially undervalued compared to domestic and international comparables,” he said.

“Expectations are pretty high for this results release but I think it’s got some juice left. Michael Ilczynsk has started now and all the feedback from him from his SEEK days has been good.”

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Yes, those pesky results Hopefully they will deliver for us.

RBL Price at posting: $6.46 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last 39.5¢		Change -0.005(1.25%)		Mkt cap ! $111.3M

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Redbubble Data & Performance, page-28

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Redbubble Data & Performance, page-28

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