When it comes to movers and shakers, the Aussie reporting season has delivered on all fronts.
A surprise 141% dividend increase and an impressive jump in earnings from WiseTech saw its share price skyrocket 28.5% on the day it reported, while the announcement of a long-awaited new product saw Nanosonics share price soar around 21.9% in just one day. Meantime, RedBubble shareholders were likely popping bottles after its share price lifted 19% on reporting day, and another 16% the day after.
But August's reporting season wasn't just champagne and caviar. In fact, there were some equally disappointing results for shareholders. Online retailer Kogan's saw its share price fall 15.8% on the day it reported, while Monadelphous Group suffered a 14.4% beating. Yikes!
In this episode of Buy Hold Sell, Centennial Asset Management's Matthew Kidman is joined by two of the industry's best; Chris Stott from 1851 Capital and James Gerrish from Market Matters, to take a look at the movers and shakers from this reporting season.
Plus, they each share one company with a stellar result that flew under the market's radar.
Note: This episode was filmed on Wednesday 1st September 2021. You can read an edited transcript below:
https://www.livewiremarkets.com/wires/buy-hold-sell-5-big-movers-and-2-under-the-radar-results/