Extra Edition of the Broker Call Report

Demand for metal detection products continues unabated, given surging gold prices, but Codan is also benefitting from recreational metal detection as a pandemic-safe outdoor activity.

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. A number of concerns have surfaced for software designer Altium, which may inhibit income in the short term, although the long-term outlook is fairly robust

Audinate has signalled the trough in income during the June quarter was not as deep as previously anticipated and this augurs well for the company’s earnings trajectory in FY21.

Soft activity and higher-for-longer levels of discounting are expected to beset Altium in the first quarter of FY21 but the longer-term growth trajectory remains sound.

Increasing stress on small businesses has made customer acquisition and subscriber growth difficult for software designer Altium, and achieving FY20 revenue targets now appears unlikely.

Audinate is expected to withstand the current downturn, given its market share, but revenue could be challenged in the short term.

Altium may have slightly lowered FY20 guidance but brokers are confident there is a long-term opportunity in the stock, and the valuation is attractive.

Despite the headwinds, brokers anticipate digital audio provider Audinate will continue to scale up earnings and ensure longer-term profitability.

Michael Gable of Fairmont Equities suggests Altium shares are ready to set a new all-time high.