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.
