CPU: a decade of headwinds now turning to tailwinds
On Thursday, share registry Computershare (ASX: CPU) held an investor day in Melbourne, which Portfolio Manager Matthew Haupt and Senior Equity Analyst John Ayoub attended. The company reaffirmed FY17 earnings per share (EPS) guidance of US 56-58 cents, up 1.7-5.3% on the previous corresponding period. We believe in the ability of Computershare’s management to reduce costs, and combined with the company’s conservative balance sheet, we expect to see potential for capital management initiatives later this year. Shares in Computershare closed up 8.1% for the week. We own Computershare as a market-driven investment in WAM Capital, WAM Leaders and WAM Active.
1 stock mentioned
Matthew has more than 15 years’ experience in the investment industry working as both a portfolio manager and analyst. Matthew is the Lead Portfolio Manager responsible for WAM Leaders.