Equities

There is no change in our forecasts which we last updated just over a month ago at the release of the FY21 result.

World share markets reached new highs in August and early September before reversing most of the quarter’s gains in the final month of the September 2021 quarter as some global indicators pointed to slowing economic momentum in the US and China, and fears over the spread of the Delta variant continued to mount.

PFP announced it has executed binding sale agreements to acquire: 1) Berry Funeral Directors; 2) Glenelg Funerals; & 3) State of Grace.

Cobram Estate Olives (Cobram) is a vertically integrated producer and marketer of olive oil products with operations in Australia and USA and export customers in ~17 counties.

DDH has delivered a strong maiden result as a listed company, with Pro Forma financial results in line with its Jul’21 update that was ahead of Prospectus estimates.

AIM has delivered a stronger than expected maiden full year result with an FY21 underlying EBITDA loss of ($3.1m) ahead of our ($4.1m) forecast. Revenue of $49.2m was 2% ahead of BPe ($48.2m) and up +28% on a pro-forma basis (+87% on a statutory basis).