During the months of February and August every year, the majority of Australian listed companies reveal their profit results and most provide guidance as to how they expect their businesses to perform in the upcoming year. Hugh Dive, Chief Investment Officer at Atlas Funds Management reviews the best and worst reports so far in the February 2019 reporting season.
Whilst fund managers regularly meet with companies between reporting periods to gauge how their businesses are performing, during reporting season companies open up their books to allow investors a detailed look at the company’s financials. As company management have been on “black out” (prevented from speaking with investors) since late November, share prices over the last two months have been influenced by rumours and theories, rather than actual financials. Here we look at reporting season at the halfway mark
