Saturday, 5 September 2015

Reporting Season With A Twist



This post is a short summary of a great experience I’ve had over the past few weeks.

This reporting season was very different for me in the sense that I was fortunate enough to get to personally meet various CEO’s & CFO’s from all over Australia and across a wide range of industries.

The structure of the meetings is straightforward, you essentially gather around in a boardroom at a brokerage firm and the company presenting will talk over their results in a closed environment. By this, I mean that it’s generally not recorded and publicised. Followed by the presentation is a Q&A session.

Although I had never heard of some of the firms that spoke, it was a great experience which broadened my understanding of different industries and their key drivers. These drivers are extremely important because they feed into valuation models. My aim was to walk away with a deeper understanding of what exactly were driving these companies and industries more broadly. I believe I achieved this to a satisfactory extent (I’m by no means an expert though).

Some companies and their respective managers which I was lucky enough to meet were: MNF, SDA, PME, BLA, VOC, DWS, RXP, SKI, VTG, RFG and PFL to name a few. 


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