Short term trading weekend lounge: 8-10 jan

Originally posted by webbj ↑

The next 3 and 4 weeks will be very interesting from a short term trading perspective. Not to mention the world and macro events which will inevitably impact most listed companies, the quarterly announcements will have a real impact on a number of speculative companies.

Here are a few quarterlies I am awaiting with interest (+ a couple of half year profit updates for non quarterly reporting companies):

CNW (not held) there will be revenue, there will be expenditure and probably a market update. What those figures are and how much the update inspires the market will be interesting.

CL8 (held) Personally I am primarily interested DriveMyCar revenue and how much cash they have remaining. If it looks like they are moving to be CF+ in the next few reporting periods it may garner even more interest.

GRB (held) increased profitability but lower revenue last quarter. If the trend can be continued over this one, I'm punting for a slight re-rate. Gage Roads have a chequered history though and there is a reason it has been trading so low for so long. A change in sentiment will hopefully come from increased sales, revenue and profit for the summer quarter + an upbeat outlook for the remainder of the summer sales season.

AER (held) no market updates for quite a while, not profitable but bringing in good revenue and with limited expenditure previously. If the revenue has increased from additional customers and/or no significant change to expenditure it might be one to watch. Operating in a good space with scalable products is what appeals to me.

VMT (not held) a very interesting space and whilst volatile the SP has been trading at a similar range fora while now. No longer doing quarterlies, I assume because thy ticked into profitability recently. Forecasting a NPAT of $5-7 million from continually increasing sales figures. Market Cap of ~$50 million so some potential there if the revenue and profit continue on this trajectory.

NWZ (not held) interesting company, cool tech, keep raising money though which seems to hamper the share price. They keep burning cash on the plan to getting big deals and improving their tech but have recently embarked on a cost cutting program. Will be curious to see what their outgoings were in the last quarter vs their revenue and how the market responds.

REF (held) I cant work out the trading of late, back down to 12.5c but alas my order hasn't been filled yet. Not much market reaction to the profit forecast like previous years. Holding hoping that their half year report and accounts will provide more detail on their next prospects or a dividend in the meantime.

DCC (held) tipped this earlier in the week, as well as the quarterly the market is anticipating an update on their AirPocket product and tests. Depending on what the update is and how the financials stack up will be one to watch.

With these and other quarterly reporting companies the short term opportunities are there both to hold over the report date - but equally there may be a sell on news so getting in/out before the quarterlies might be just worthwhile a strategy

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DCC (held) tipped this earlier in the week, as well as the quarterly the market is anticipating an update on their AirPocket product and tests. Depending on what the update is and how the financials stack up will be one to watch.

@webbj @Freehold

My apologies. I have just noticed that you have already tipped DCC earlier in the week. Have no idea how I missed this. Hopefully there is enough difference in my DCC FA post for Freehold to give it the ok. I will accept the decision whatever way it goes. No probs and hope the trading week is fruitful for you.

Best Wishes
GF