Viewing posts by Matt Brazier

Blackwall Ltd (ASX:BWF) FY 2019 Results And Initiation Report

Blackwall Ltd (ASX:BWF) FY 2019 Results And Initiation Report

BlackWall Ltd (ASX:BWF) is the management company for BlackWall Property Trust (ASX:BWR) and various other private property syndicates. The company is a turnaround specialist, buying under-occupied or over-leveraged properties and improving their fortunes via capital restructuring, change of use or investment in fixtures and fittings. Management is long-term focused and seeks to exit an investment only when it can no longer grow rent, and the after tax return from a sale exceeds expected future income from continuing to hold. In addition to its asset management activities, BWF also owns WOTSO which provides flexible workspace mainly to sole traders and startups. The majority of BWR’s properties house a WOTSO operation and around half of all WOTSO operations are located in BWR premises. As you can see, the two entities are inextricably linked and so a proper analysis of BWF also requires an examination of BWR. 

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Laserbond (ASX:LBL) FY 2019 Full Year Results

Laserbond (ASX:LBL) FY 2019: Triple Digit Profit Growth

Additive manufacturing company Laserbond Limited (ASX:LBL) released its full year results for 2019 earlier today. At the time of writing, its share price has gained 18% to 57 cents, up 137% from when we initiated coverage on it last year. Revenue rose 44.9% to $22.7 million, net profit after tax (NPAT) was up 190.3% to $2.8 million and earnings-per-share (EPS) grew 185.8% to 3.0 cents. The results are better than the most recent guidance issued by the company in May of revenue between $21.6 million and $22.2 million and profit before tax of between $3.2 million and $3.5 million ($3.8 million actual). The board declared a final dividend of 0.5 cents making total dividends 1 cent per share for the year, up 66% on last year.

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Laserbond: Impressions From A Site Visit

Laserbond (ASX:LBL): Guidance, Thesis Update And Site Visit

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Why I'm Long Bigtincan Holdings Ltd (ASX:BTH)

Why I'm Long Bigtincan Holdings Ltd (ASX:BTH): Cracking America

Update 3/7/2019

Please note: The author of this piece, Matt Brazier, has decided to sell his Bigtincan Holdings for the following reasons:

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Dicker Data Ltd (ASX:DDR) FY 2018 Results: Record Revenue

Dicker Data Ltd (ASX:DDR) FY 2018 Results: Record Revenue

IT distributor Dicker Data released a typically solid set of full-year results yesterday. Revenue rose 14.4% to $1.5 billion, net profit before tax was up 16% to $46.2 million and NPAT improved 20.5% to $32.5 million. A one-off tax credit assisted the NPAT result. You can see below how the improved profit was ultimately a product of record half-year revenue.

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Clinuvel Pharmaceuticals (ASX:CUV) Profit Growth Continues: H1 2019 Half Year Results

Clinuvel Pharmaceuticals (ASX:CUV) Profit Growth Continues: H1 2019 Half Year Results

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Laserbond Limited (ASX:LBL) HY 2019 Half Year Results: Planning Pays Off

Laserbond Limited (ASX:LBL) HY 2019 Results: Planning Pays Off

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Webjet (ASX:WEB) H1 2019 Half Year Results: B2B Soars

Webjet (ASX:WEB) Profits Soar In H1 FY 2019

Online travel agent Webjet announced excellent results today and the shares are up more than 20% in early trading. Total transaction revenue increased 29% to $1.9 billion and revenue rose 33% to $175.3 million. EBITDA leaped 42% to $58.0 million and NPAT was up 59% to $31.8 million. EPS rose 48% to 31.5 cents and the interim dividend edged up from 8 cents to 8.5 cents.

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