Insights

The ASX reporting wrap-up: WiseTech, Bravura, Seven Group

Just what the investor ordered. Here’s a recap of the companies that reported on Wednesday…
The post The ASX reporting wrap-up: WiseTech, Bravura, Seven Group appeared first on The Motley Fool Australia. –

Another day of reporting on the ASX has drawn to a close. That means it is time for us to summarise some of the big-name results you might have missed on the ASX today.

We’ll quickly unpack today’s results and then wrap things back up for tomorrow:

Those that reported on the ASX today

WiseTech Global Ltd (ASX: WTC)

Shares in WiseTech had an eventful day after the logistics software company reported its FY21 full-year results. A blockbuster result pushed the share price to an all-time high of $57.31 before entering a trading halt following an ASX price query. After resuming trade, the share price lost its momentum to settle the day up 26% to $45.60.

The takeaway points:

Total revenue up 18% (or 24% in constant currency) to $507.5 million
CargoWise revenue increased 26% to $331.6 million
Acquisition revenue rose 6% to $175.9 million

Earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 63% to $206.7 million
Net profit after tax doubled to $105.8 million
Free cash flow up 149% to $139.2 million, underpinning a 141% increase in its final dividend to 3.85 cents per share

Bravura Solutions Ltd (ASX: BVS)

The Bravura share price suffered a dramatic fall following its reporting of full-year results for FY21. Shares in the financial software solutions provider sank 15.96% lower after reporting a reduction in revenue and earnings.

The takeaway points:

$243 million of revenue –11% less than that of FY20
Earnings before interest, tax, depreciation, amortisation (EBIDTA) down 15% to $49.3 million
Operating cash flow of $52.7 million
Net profit after tax of $34.6 million – down 14% on that of FY20
6-cent per share final dividend (unfranked)

Seven Group Holdings Ltd (ASX: SVW)

Lastly, the Seven Group share price stumbled on the ASX today despite reporting a reasonable performance in its FY21 result. The news of Kerry Stokes retiring after the annual general meeting in November may have influenced the 7.56% fall in shares on Wednesday.

The takeaway points:

$4.8 billion on trading revenue – 6.1% more than that of FY20
Underlying earnings before interest and tax (EBIT) of $792.1 million, up 7.3%
Operating cash flow of $622.4 million, up 15.6%
Fully franked final dividend of 23 cents per share (10% more than FY20). That brings the company’s full year dividends to 46 cents

ASX shares reporting next week

It was another busy day on the ASX for reporting. However, tomorrow can lay claim to its own set of exciting companies that are slated to release full-year results.

Some of the big-name companies set to release their financials tomorrow include The A2 Milk Company Ltd (ASX: A2M), Appen Ltd (ASX: APX), Flight Centre Travel Group Ltd (ASX: FLT), Ramsay Health Care Limited (ASX: RHC), Woolworths Group Ltd (ASX: WOW), and Tyro Payments Ltd (ASX: TYR).

To see the full line-up, check out our ASX Reporting Season Calendar.

The post The ASX reporting wrap-up: WiseTech, Bravura, Seven Group appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Here are the top 10 ASX 200 shares on Wednesday

Why Bravura, Nine, Reece, & Zip shares are sinking today

WiseTech (ASX:WTC) share price rose 58% before being halted. What’s next?
Why Bigtincan, Lovisa, SILK, & WiseTech shares are charging higher

Which ASX 300 shares are the biggest winners and losers today?

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bravura Solutions Ltd and WiseTech Global. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd and WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!