Thursday, August 07, 2014
There’s been a fair bit of action in Skaffold over the last week or so.
Whilst the bulk of reporting season is yet to kick in, analysts have been adjusting their current year earnings and profit forecasts, which impacts Skaffold’s FY14 intrinsic value estimates.
On the reporting season front, infrastructure provider Korvest (KOV) appears to have bucked the trend plaguing mining services businesses (they also operate in the construction industry, which helps).
Wednesday, August 07, 2013
Full year results for more than 20 companies have now updated in Skaffold. Transurban Group (TCL) sustained its less than impressive Skaffold Score for business quality and performance whilst Education provider Navitas (NVT) generated a return on equity of 31.5% and retained its A2 Skaffold Score.
Yesterday Downer EDI (DOW), Cochlear (COH), Iress (IRE) and Credit Corp (CCP) released their latest financial results.
Iress confirmed its acquisition of UK financial planning software company Avelo for a cash purchase price of £210 million (equivalent to AUD $360 million). Like its A1 peers, the market has already aware of IRE’s impressive performance. The share price is trading at a 50% premium to Skaffold’s intrinsic value estimate of just under $4.00. Is IRE another stock for the watch list should a market correction occur?