Came across this one today from Bell Potter: https://www.desktopbroker.com.au/smarter/images/uploads/desktop_broker/pdfs/Reporting_Season_Calendar_February_2025.pdf
It covers a lot of the smaller companies, although not all of them, I note that one I do hold, GR Engineering Services (GNG), is not in BP's list. It appears that their reporting calendar contains only the companies that Bell Potter cover themselves with their own analysts, and ignores those that they do not cover.
They do it in date (chronological) order from page 2 to 18, and then in alphabetical order of the companies from page 19 to 35, however there are plenty of companies there where BP have estimated the date that these companies will report based on last year or a combination of previous years I imagine, which means they've got some interesting predictions including that three companies (CYG, DEG & GOR) would report today, Sunday 23rd Feb, which is not very likely, and only one of those (GOR) was an "estimate" apparently, with BP believing that CYG and DEG were confirmed to be reporting today, i.e. on a Sunday. So take it all with a grain or three of salt, however some may find it helpful.
It is annoying that there are still microcaps, such as GNG, who do not give reporting dates ahead of releasing their reports. In prior years I have emailed their CFO directly and asked for the date, and they have provided me with either a date or an estimated date, but have always stressed that it was subject to change, so they clearly don't like to lock the date in publicly, preferring to give themselves maximum flexibility, which I guess isn't as bad when there are bugger-all analysts and brokers covering them, but still annoying from my POV, as I like to be somewhat organised with regard to reading the reports of my key investee companies as soon as they report whenever possible, which ain't easy when you don't know when they're gonna report.
I haven't mentioned it elsewhere but I probably should mention that Mitchell Services (MSV) reported last week (Feb 20th) and I had half expected them to NOT pay a dividend because they had told us in their quarterly that they had made a loss for the half, but I held on, on the basis that they were still buying back shares every day as part of their active on-market share buy-back so I thought they might plow on with both capital management initiatives (the buyback and the dividends) regardless of the small loss which they ascribed to a temporary reduction in drill rig utilisation alongside increased spending ahead of new contract awards and new contract start dates. Yeah, nah. They declined to declare a dividend and despite their loss being already flagged in the quarterly and their outlook statements being typically bullish, they were sold down -9.3% on the day. And another -2.17% on Friday, so are now @ 31.5 cps vs. 35.5 cps close on Wednesday (the day before they reported)
I completely exited MSV on the day of the report both in my real money portfolio and here on SM, locking in losses, because I don't think there is likely to be a good enough catalyst to send them back up in the near term now that they've dropped the dividend so are no longer an income play, in addition to their share price being in a downtrend. My thesis was busted, and wasn't particularly great to start with because it relied on the dividend yield support, which, as it eventuated, evaporated on Thursday when they declined to declare a dividend, so now there's zero income and a falling share price, and they're in a competitive industry and are personally experiencing a downturn in demand for their services. I still reckon they'll be worth substantially more in the future, but I expect them to drift further south in the near term, for at least the next 6 months, so I didn't hesitate to jump off (sell out completely) as soon as I read their report on Thursday morning.
I don't get all my calls right, and I certainly got that one wrong. I should have sold as soon as I read the 29-Jan-2025 quarterly report that outlined the loss for the half, because logically, they should not have been paying a dividend when they hadn't made a profit for the half, and indeed they did NOT ultimately declare a dividend, so I should have given that eventuality a much stronger probability of occurring than I did. Bad decision making all 'round on my part, in this case. It wasn't a big financial hit, but it's still annoying any time I make a poor investment based on flawed assumptions and flush some capital down the drain as a result.
I mention that here for two reasons, the first being that I was quite bullish on MSV here a few weeks back, and I've certainly backtracked on that stance from Thursday morning, at least in the short term, longer term they should do alright, and secondly because GNG is a core position of mine, and while I have been lightening my GNG weighting ahead of their result - which will be on one of the 5 trading days in the coming week - and I know they'll be profitable and debt-free, I'm also concerned that because they have conservative management, they might well also suspend or reduce their own dividend because of lower revenue and earnings in H1 of FY2025, and/or because of a smaller order book now that BHP have shelved West Musgrave, which was GNG's largest single contract at the time it was put on ice by BHP last year.
To be clear, I don't intend to get out of GNG, but I would like to load up at lower prices if the market reacts negatively to their report this week, so I've built up more than my usual weighting in cash ahead of their result, and yes, it would help if I knew which day that result is going to be released.
When Joe Totaro was their CFO, I had his email address, but I don't have their current CFO's email (Mr. Omesh Motiwalla). I might try to get through to them anyway in the morning and see if I can get a date from them for their results.
