In this week’s video insight Joseph provides an update on Steadfast’s FY2019 results. Steadfast reported underlying earnings before interest, tax and amortisation of $193 million, which was a 17 per cent increase on 2018. The outlook bodes well for Steadfast shareholders in the medium term, with the market rewarding the result with a positive share price response despite the additional share issuance to raise capital for future acquisitions.

The Montgomery Fund owns shares in Steadfast. This video was prepared 26 August with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Steadfast you should seek financial advice.