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August is upon us, and with that another reporting season

August is upon us, and with that another reporting season

This reporting season is likely to be one unlike any seen prior given the unprecedented disruption wrought by COVID-19. Earnings estimates range significantly for companies, while forward estimates that rely on a base of earnings are also subject to significant revision. Guidance will be difficult to come by this reporting season.

Many companies have withdrawn guidance for this year, and we expect many will again refrain from providing any guidance well into FY21 given the uncertain outlook. In the absence of full year guidance, both analysts and investors are likely to seek any commentary on short-term trading performance that can be used to infer any semblance of outlook.

A number of companies have also issued updates in terms of trading performance, which has clearly established the “work from home” dynamic leading to a significant pick-up in online sales and DIY home spending, as discretionary income reserved for services and travel are redirected in the COVID-19 world.

This is unlikely to change any-time soon given the Government’s approach to battling COVID-19 with lockdowns, but may reverse sharply should positive developments on treatment or a vaccine materialise.

The link below is a reporting season calendar for a number of ASX200 companies – this remains subject to change.

Please click here to download the August 2020 calendar. 

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.


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  1. Hi Joseph,
    An update on thoughts around AVH (obviously not required to report in the ASX window) would be of interest. Has the growth rate change and US listing affected your view? I’m sure many would appreciate insight. Long time AVH watcher but non holder.

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