REPORTING SEASON REVIEW
Welcome to the Contact Asset Management Quarterly Report for September 2020.
The August 2020 Reporting Season was as tempestuous as they come from an earnings perspective. Unexpectedly, it was the best August in eleven years from a share market performance perspective. Economic conditions changed drastically in the six months since companies last presented their results. In February, COVID-19 was a potential but oft dismissed threat. With the August results, COVID-19 was omnipresent.