Content provided by Forager Funds
There was no shortage of activity during the recent August reporting season. In today’s weekly video, Forager Australian Shares Fund Senior Analysts Alex Shevelev and Gaston Amoros share a few of the highlights relevant to the Fund.
Insurance industry software provider Fineos (ASX:FCL) upgraded revenue growth expectations for the next financial year. Existing customers are expected to drive much of this near-term growth, while new customer wins are expected to add further to growth in the 2022 calendar year.
One stock that showed off its stellar results is motorcycle dealer Motorcycle Holdings (ASX:MTO). With travel restrictions kicking in last year, the business benefited from consumer spending being diverted from overseas holidays towards motorcycles. Hear more about what could happen to growth as travel picks up in the future.
Results for integrated services company Downer (ASX:DOW) were in line with expectations and, with a period devoid of negative surprises, it was exactly what the company needed. Highlights for the stock included positive cash generation, low levels of debt, and margin improvement across its three core divisions – telcos, utilities, and transport. Find out why the stock is still relatively cheap.
Watch now to find out more about the stocks that made our highlight list.