In March Wesfarmers announced their intention to demerge Coles into a new separately listed company, with the new company expected to list on the ASX next Wednesday. Existing Wesfarmers shareholders will receive 1 share of Coles for every Wesfarmers share they own and the parent company will retain a 15%... Show More
Equities had a poor run this week, and Australian equities underperformed the Asian region, but nonetheless, the AUD moved towards 3 months highs as we saw an important week of economic updates for the domestic economy, which all in all were upbeat. The Aussie dollar was also helped by more... Show More
East Coast residential property continues to soften as credit tightens, but in this interview with Charlie Jamieson, CIO at Jamieson Coote Bonds, he warns that property investors might make matters worse by becoming forced sellers in a falling market. Show More
2018 was another eventful year for markets around the world, but what lies in store for the next 12 months for investors? Andrew Milligan, Head of Global Strategy, outlines Aberdeen Standard Investments’ 2019 global markets outlook. Here are five key takeaways. Show More
As happens four times per year in global equity markets, publicly-listed companies recently reported their results for the third calendar quarter of 2018. This is not only an enormous undertaking for the disclosing businesses, it is also a busy time for equity analysts and fundamental investors who carefully dissect disclosures... Show More
This week I kick-along the debate about ScoMo's unprecedented proposal to fund $2 billion of SME loans, which I helped design, and examine how investors have whacked Aussie bank and insurer subordinated bonds as if there has been a mini-GFC as a result of a widely misinterpreted APRA discussion paper,... Show More
One feature of investing in Asia has been the rise of some truly great technology companies. Huge populations colliding with rapid technology adoption has seen investors flock to names such Baidu, Alibaba, Samsung and Tencent. The sector has come under pressure in 2018 due to a combination of big-picture concerns... Show More
History has shown that investment opportunities can be missed in volatile markets. In this presentation, I explain the new offering which aims to generate alpha by taking advantage of shorter duration trends by scaling into and out of stocks and sectors at different times and phases of the market. Show More
Details of Rio’s reportedly-huge copper find in WA continue to leak. Following last week’s aerial photos showing a 56-man camp and drill rigs, this column can now reveal the project apparently has a name: Winu. Of course, Rio refuses to confirm this – presumably because that would confirm the discovery... Show More
To successfully ride (and take advantage of) short-term sentiment in equity markets, investors need to understand that there are two fundamental, yet intrinsically linked processes, which must operate in tandem to achieve long-term outperformance. Show More
There have been few sectors that have been spared in the recent equity rout. However, it has been the high PE and high ‘quality’ names that have bared the brunt of investor selling. Darling stocks like CSL, REA Group and Smart Group have shed around 15% of their price in... Show More
In the last couple of days, I have received a number of responses from clients and readers regarding our article ‘The golden age of banking is over’. Given the connection some investors have with banks shares this was to be expected and I’ll take some time in an attempt to... Show More
Elizabeth Geyer
Thank you for this. I wonder how different the US banks are, given Warren Buffett has just bought heavily into banks.
Michael Wayne
Hi Elizabeth, you make a good observation. I feel the landscape for US banks and Australian banks differs at the moment. Although the US banks haven't shot the lights out over the last 1 [...]
jack Upton
Banks write their own interest rates - banks reducing staff - banks closing out branches - banks retreating to major centres - banks disposing of low-performing assets - banks re-orienti [...]
In recent years, global listed infrastructure has underperformed broader equity markets as investors maintained their appetite for riskier asset classes. However, amidst recent market volatility, global infrastructure demonstrated its generally defensive characteristics to outperform broader equity markets. Show More
You read a lot in the newspaper, but there’s nothing like getting views from someone who’s been at the coalface. One of those people is Michael Morell. As former Deputy Director of the CIA, Michael has been connected to some of the biggest issues in the world, including one of... Show More
There is widespread misunderstanding about investing in the share market and risk, not helped by gung-ho declarations such as "without risk, no gains". Show More
Elizabeth Geyer
Great article thank you. Quality speaks!
Getting your personal finances right can be a challenge. Here are 13 tips that may be of use: shop around when it comes to financial services; don’t take on too much debt; allow that interest rates can go up as well as down; allow for rainy days; credit cards are... Show More
It is commonly considered that investing in longer term maturity bonds allows an investor to capture the full extent of the term premium. However, could it be possible to extract a similar term premium by investing in a series of shorter-term bonds over the same period? Show More
The Fed has hiked 3 times this year and plans another four hikes by the end of next year. Their collective impact is still ‘in the post’ as hikes take time to bite. When we asked Charlie Jamieson, CIO at Jamieson Coote Bonds what he expects, he gave a sobering... Show More
Picking stocks is hard, but knowing when to sell them is even harder. As holders of stocks like Afterpay, A2 Milk and Appen have found recently, the urge to sell can rise as fast as the stock price when things go parabolic. Show More
Our view is non-consensus, and we’re okay with that. For the most part, the economic consensus in Australia is that the next interest rate move will be up. The current debate centres on when this move will occur, with the more dovish commentators suggesting we may have to wait until... Show More
Robert Goodwin
So apparently we need to reduce rates further to help the overleveraged borrowers (in Sydney and Melbourne) in there overpriced houses. Just keep reducing rates eventually to zero.? What [...]
Ian
Surely the RBA has to be cautious in reducing rates just because house prices are giving back a small fraction of the gains they have accrued over the past 3 decades. It's pretty clear [...]