Ideas

Envirosuite provided a 4QFY23 sales update which was a record in terms of quarter sales. We maintain our Buy recommendation and PT of $0.20.

We have revisited the latest furniture & homewares (F&H) category trends and thereby our TPW forecasts/valuation. Our TPW PT increases 36% to $6.40/share (prev. $4.70/share), while we maintain a Hold rating.

MAD reported its 12th consecutive quarter of revenue growth. Quarterly revenue of $173m resulted in FY23 revenue of $609m, in line with our expectation and MAD’s twice-upgraded full year guidance of >$580m.

Regal Partners released a Q2 update showing June FUM of $5.8bn, rising from $5.5bn at the end of March.

EGL has provided a trading update for FY23e ahead of Bell Potter forecasts.

As fiscal year 2023 closes out, a review of the final quarter showed some notable highlights─the most significant of those being the sheer resilience of world equity markets in spite of encountering some very significant headwinds.