With great delight, we bring you the 100th Edition on the Morning Mail.
On today’s episode, Evans and Partners Head of Research Paul Ryan joins David to discuss two stocks on which we have a Positive recommendation - Brambles Ltd and Seek Ltd - both of which have provided trading updates over recent days.
In addition to the trading update yesterday, Brambles Ltd announced the acquisition of the IFCO reusable plastic container business which is a competitor to their own CHEP business. Paul comments on the trading update and the acquisition, as well as updating his valuation for the company.
Seek Ltd’s presentation at an investor conference on Friday included detail on the recent weakness they have been experiencing in their education business. Paul has re-visited his model as a result of this and we provide an update on our view of the company.
