5 stocks that exceeded expectations

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Livewire Markets

Each week through reporting season, Livewire is asking a group of Buy Side Managers to pick one earnings result that they think was the standout earnings result of the week. Responses from Julian Babarczy, John Murray, Hugh Dive, Josh Kitchen at K2, the Nikko AM team, and Dean Fergie at Cyan. 

Mineral Resources over-delivers again

Julian Babarczy, Regal Funds Management

If there is any one company that has perfected the art  of  under-promising  and  over-delivering, it is undoubtedly Mineral Resources Limited (MIN):  (VIEW LINK) 

Villa World: Under the radar for too long

Josh Kitchen, K2 Asset Management

Trading on a non-demanding PE of only 7.3x with a fully franked dividend yield of 7.6%, a healthy balance sheet and 5+ years of land bank, Villa World has flown under the radar for too long: (VIEW LINK) 

Result of the week was CSL

Hugh Dive, Atlas Funds Management 

Whilst CSL’s headline numbers were pre-announced in January, the granular details provided the market with greater confidence that CSL’s growth story will continue to deliver in the medium term: (VIEW LINK) 

You can build on Boral 

John Murray, Perennial Value Management 

Boral delivered a sound 9% increase in underlying December half-year earnings of $149 million. The interim dividend was also up a very healthy 9% to 12 cents per share, fully franked:  (VIEW LINK) 

Boral Remains attractively valued

Nikko Asset Management Australia  

We expect Boral to deliver robust earnings growth in the medium term on the back of the buoyant construction sector and the acquisition:  (VIEW LINK) 

Afterpay’s  sales jump 370%

Dean Fergie, Cyan Investment Management 

Afterpay’s  1H17 result produced some truly astonishing trading metrics: underlying sales of $145m (+370%); revenue of $6m (+417%) and an inaugural operating EBITDA profit of $0.6m: (VIEW LINK)




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