ASX: WAA

Wilson Asset Management weekly: Insights from the CLSA conference in HK, Seven Group Holdings and CBA

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed down 0.2% for the week. Minutes from the Reserve Bank of Australia’s (RBA) meeting released on Tuesday suggested that reduced demand for steel production in China would indicate downside risks to the current iron ore price. We note that the Australian market is... Show More

Flight Centre reaches altitude

Chris Stott

On Wednesday, Flight Centre (ASX: FLT) announced it had strengthened its presence in North America through the acquisition of a leading Quebec based travel company Les Voyages Laurier du Vallon. This announcement followed several bolt on acquisitions made over the past few months as Flight Centre looks to boost its... Show More

Nearmap maps growth for the future

Wilson Asset Management

On Tuesday, aerial mapping business Nearmap Limited (ASX: NEA) announced its first quarter FY17 trading update, showing continued revenue growth in both its Australia and US businesses. Quarterly subscription revenue growth was up 39% to $9.2 million, with the Australian operation reporting organic revenue growth of 32%. The company has... Show More