Meeting with management from small cap companies is an important part of any professional investors process. Here we share our thoughts following recent meetings with the teams from 5 microcap companies on our radar, including Pioneer Credit, Gale Pacific, Joyce Corp, Blackwall and Zenitas Healthcare. Show More
Last week I published a report on a great Life Sciences company out of Singapore called Invitrocue. Singapore is one of the finest places a global traveler could find to do Life Sciences, ranking probably the seventh most-productive Life Sciences jurisdiction on the planet in terms of the amount of... Show More
The AFR called me on Friday for some thoughts on the AMP debacle - and let’s be clear, last week was nothing short of a debacle for AMP. I gave my opinion that, according to the Responsible Investment Authority of Australia, 44% of institutional investors say they incorporate ESG in... Show More
The long term thematic of having Australian primary industry “feeding the world” remains a compelling one. Here we discuss our analytical approach and focus on one stock that is trading on 12 times earnings, with high single digit earnings growth and a >5.5% fully franked dividend yield (FY19). Show More
The Bank Bill – Overnight Indexed Swap (OIS) spread is a keenly watched risk measure in fixed income markets that has experienced a significant widening in recent months, both in Australia and in overseas markets (where LIBOR is the equivalent rate to the Aussie bank bill rate). Show More
Pengana Capital Group is pleased to provide advisers with access to a video replay of the Pengana Symposium held in April, 2017. The presentation features three strategies which can be viewed together or separately via the chapters feature below. Show More
Four years ago, Microsoft became our largest holding. We bought it for US$28 a share, at a time when Steve Ballmer's rule was ending and people thought the Windows business would disappear. Windows wasn't about to disappear. With the Office software, Microsoft probably had the best applications business in the... Show More
“The industry faces challenges of low credit growth, low interest rates, regulatory uncertainty, increasing consumer expectations and increased scrutiny of conduct and culture” Jon Sutton, MD, Bank of Queensland Show More
The All Resources Index in trend terms has been outperforming the ASX 200 Index since the start of 2016. In this note we compare the performance of the big Australian mining stocks against their international peers on a common-currency basis, as well as comparing their current valuation metrics. Show More
The most important ingredient of a great investment is having an outstanding ‘horse and jockey’; a business that’s operating in an attractive industry, and a highly capable management team. Kate Howitt, Portfolio Manager at Fidelity International, explains the attributes they look for, and why Wisetech Global ticks all the boxes. Show More
Ron
Very articulate. Knows her stuff. I'd be happy to hear more from Kate.
Sunday 22nd April was International Mother Earth Day, a day designed to highlight the need for a collective responsibility to promote harmony with nature and the Earth to achieve a just balance among the economic, social and environmental needs of present and future generations of humanity. This year was as... Show More
Bruce Ditter
Great contribution thanks Chad. If everyone applied these principles to how they invest and indeed, how they spend, it would change the world, regardless of what politicians are doin [...]
Chad Slater
Thanks Bruce - as we say, use capitalism for the outcomes you want to see rather than bemoaning the outcomes. Unfortunately the passive nature of superannuation for a lot of people (it's [...]
The revelations last week at the Banking Royal Commission illustrate the economic principle that people respond to incentives. Charlie Munger long ago summed this up with “show me the incentive and I will show you the outcome”. The rewards for ripping off customers are substantial, the probability of being caught... Show More
The business of wealth management has been put under the microscope over the past month with the Royal Commission into the financial services industry. In March, the Commission focused on misdeeds in consumer lending and for the next two weeks in April it will be concerned with transgressions around financial... Show More
David Berthon-Jones
Love the ending, Hugh
Patrick Jackson
Great article and well done for simplifying the concept of vertical integration, particularly highlighting the linkages between advice platform and funds.. The issue is really centred ar [...]
In my AFR column I open-up with both barrels on vertically-integrated institutions (click on that link to read for free or AFR subs can click here for direct access). Excerpt enclosed: Show More
This week we have our first overseas guest on The Rules of Investing, Jim Mellon. Jim is a billionaire investor, speaker, and co-author of 'Juvenescence: Investing in the Age of Longevity.' Show More
Michael Hayter
Thank you Livewire. Very impressive. Everybody with an interest in personal investing should hear this and I am going to share it widely.
Stephen Matthews
Very interesting interview and well worth the time to listen. There is some very relevant areas i agree with and others i want to research further. Definitely worth the 42 minutes of int [...]
Traditionally, when seeking income, investors have turned to fixed income investments such as term deposits or bonds. However, persistently low-interest rates have seen investing in higher yielding stocks become an increasingly popular strategy for investors seeking to generate an income stream. Show More
September 27th, 1983. What comes to mind? What if I include the quote from Bob Hawke? “Any boss who sacks a worker for not turning up today is a bum”. If you are over 45, you will know straight away. It was the day the yacht Australia II won the... Show More
There is no doubt that Australia’s franking system has lots of flaws. Today, we are one of the few countries in the world which maintains a franking system, and probably the only one that has cash rebates of franking. Show More
Harry
An SMSF is a rich man's vehicle ???? This is not surprising as the Labor party has always been intent on group politics and disliking the individual. They have always tried to disgui [...]
richard dobosz
Excellent one of the best i have read,,thank you
Patrick Fresne
No rich journalists, Harry?. Warren Buffet might disagree. https://www.livewiremarkets.com/wires/warren-buffett-smart-investors-are-like-journalists
Clover Corp has been a big winner from the China-led boom in infant formula, but by supplying a key ingredient rather than the end product. Meanwhile, other dairy suppliers have refused to follow the herd and are diversifying into goat’s milk. Show More
Orion Minerals’ counter-cyclical gamble on the abandoned Prieska zinc-copper mine in South Africa’s remote Northern Cape province back in 2015 has come up trumps on three fronts – a new resource confirmation, bumper metal prices, and dare we say it, the rise to power of a more mining friendly president... Show More
