Reporting Season Wrap – Part 3

This week has definitely been a big week with the volume of companies reporting seeming like a never ending conga line.  Here are my thoughts on a few of the companies we hold.  Each of these companies I  have written about in the past.

Sirtex Medical Limited (ASX:SRX) produced an outstanding result.  The share price had a good trot into results and continued on after too.  Still huge potential here and it is good to see the market likes it as much as the patients whose lives the company help save. Weekly chart attached
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ARB Corporation Limited (ASX:ARP) reported results in line with expectations.  This is A Reliable Business for both shareholders and those needing help when their Four Wheel Drive needs to be winched in the outback. Fortnightly chart here
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Webjet Limited (ASX:WEB) produced results that surprised the market and myself to a degree.  I was anticipating earnings per share of 19 cents and the result was 24 cents a share.  Using a simple Price/Earnings ratio of 15 times (ie Price $2.90 / Earnings 19 cents).  I expect (although it is not guaranteed) a re-rate on Webjet closer to 15 times the 24 cents of earnings equaling $3.60 before too long.  And, that is before pricing in earnings growth looking out over the next two financial years.  Love it!!  Quarterly chart attached
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This article is published by Dean Mico.

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