Macquarie Conference: a new look Macquarie conference kicked off today as presenters moved online to reach investors. The virtual conference will continue through until Thursday with a broad range of companies presenting. Investor presentations like these are a chance for the executives to talk up activity, with most stocks that presented closing higher in the session. PolyNovo (PNV) was the biggest winner from the presentation, jumping 11.17%. The company which manufactures dermal regeneration technology jumped after saying that they have seen little impact to the supply chain while a more digital focus on sales had helped support revenue.
Bravura Solutions (BVS) caught a bid today after reiterating guidance for the full year with NPAT growth in the mid-teens. The presentation showed little new news – a large chunk of the slides were directly copy and pasted from the half year presentation in Feb. But that is all the market needed to hear, the financial SaaS business is one of the few stocks that haven’t been too phased by the virus turmoil.
Dexus (DXS) rose ahead of market despite flagging the various issues COVID is currently having, and will have on the business including reduced office demand with more flexible working arrangement. The property manager talked up their premium exposure, high occupancy levels and strong pipeline. Some names expected to present tomorrow include Bingo (BIN) & Cleanaway (CWY), Western Areas (WSA) and Medibank Private (MPL).
PolyNovo (PNV) Chart