Data3

Stephen, anything coming for you or for you guys there at Team Invest from AGM season so far?

Yeah, well we're in the midst of AGM season and I attended quite a few myself last week and it was kind of a mixed bag of results actually with trading updates On the day, we had a very good trading update at Data3, one of our companies we know well, who are looking to have a fantastic first half, now well up on their usual growth trajectory.

Whereas at JB HiFi that I was at earlier in the week as well, they had a pretty tough trading update and like for like sales.

We're down for the first quarter of the new financial year.

And we're missing one there, but I'll tell you what that is in a moment.

We are going to do Westpac, Bapcor, Paladin, Credit Corp and Data3.

In fact, that's going to be Howard's pick.

We've asked both Dean and Howard to come up with a pick.

That is Credit Corp.

So that brings us to our fifth pick, which in fact, Howard's pick.

It is Data3 and has surged to new highs more recently after upgrading its first half.

Private guidance, that was at its AGM there.

NextDC's update on its financial covenants eased investor concerns over delays at its M3 data centre.

Speaking of data, Data3's share price surged on commentary coming from its AGM.

Austal also held its AGM today, shares up by about 8%.

Deep Yellow Quarterly's report moved its share price close to 7.5%, let's say that, to $0.80 per share.

Cochlear, let's preview the first five stocks we're going to take a look at today.

It is a Bank of Queensland Data3 Web Travel Group Hub24.

And new hope.

So let's begin the financial sector with the Bank of Queensland.

And so how did that come about? How did you find your way into the travel sector?

Yeah, so the company that we started at was, had a, they had a problem that in Australia, a company called Data#3 out of Melbourne had wanted to build an accounting solution for travel, and we s- we ended up working on that.

So by chance, accounting solutions were the big thing that software was designed to build.

And so we built a travel accounting solution, and then we built the same solution for wholesale travel and other sort of categories of travel.

Good.

All right, let's get into it with the first stock, and it's a Data3 IT services and software provider deeply embedded in corporate and government technology supply chains.

Henry, I'll start with you.

What's your take on power of its moat? Buy, hold, or sell?

It's a buy on weakness.

Mm-hmm.

And I'm not saying a sell because I think similar to a, to a Data3 or, or a Technology One, I think these are the type of stocks you wanna have if you're a long-term investor.

I mean, they perform basically year in, year out.