Hotel group Mantra has received consistently negative commentary from Livewire contributors in recent months. This includes a Sell from both QVG and Avoca on a recent Buy Hold Sell, a soft outlook warning from Morgans, and a word of caution a few months ago on insider selling from Richard Coppleson. Read on ahead of the coming results...
TONY WATERS, QVG Capital; AND JEREMY BENDEICH, Avoca IM
In a recent Buy Hold Sell, the panel reviewed Mantra and didn’t have many good things to say about it. Specifically, Jeremy Bendeich warned of a softening earnings guidance for FY18 due to the Perth and Darwin markets, while Tony Waters was concerned about currency headwinds: (VIEW LINK)
ANDREW TANG, Morgans
We highlight our key candidates that may surprise or disappoint during the upcoming August results season. Possible soft outlook – Telstra (TLS), TPG Telecom (TPM), Cedar Woods (CWP), Mantra (MTR): (VIEW LINK)
RICHARD COPPLESON, Bell Potter
Earlier in the year, Coppo included the stock in a list of companies that had seen insider selling. In the case of Mantra: “When the stock is at 2-year lows, and some brokers are saying it’s cheap, a 'buy here and now', and you have the CEO selling stock, it's just not a great look, no matter what the reasons are.”: (VIEW LINK)