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Equities

Listed stock commentary covering small-caps to big-caps, growth to income, domestic to global, and momentum to deep value.

Equities

Why great companies aren't always great investments

A key aspect of our philosophy is that “every company has a price”. This leads to us looking across the entire market for investment opportunities. In that process...
TLS
James Miller
Firetrail Investments
Equities

More left in the tank for Emeco?

Monash Investors first discussed Emeco back in early September 2017, “A cyclical stock on its way back up” when its share price was 18c. Now at 35.5c it’s almost...
Simon Shields
Monash Investors
Buy Hold Sell

Buy Hold Sell: 5 big movers in small caps

Small caps have been sizzling in 2018 and there’s been big moves in a number of market darlings post their results. Analysts and investors have been left scratching...
APT
IFM
+2
Buy Hold Sell
Livewire Markets
Expert Insights

Lithium producers as takeover targets

Mergers and acquisitions activity has picked up in the last 12 months, as sentiment has finally allowed more deals. Luke Cummings, CIO at Harvest Lane Asset...
+3
Livewire Exclusive
Livewire Markets
Equities

Where the short sellers have it wrong

In September of last year, I nominated a stock on Livewire where I felt the short sellers had it wrong. The stock I chose was Flight Centre Travel Group (ASX: FLT), as...
NAOS Asset Management
NAOS Asset Management
NAOS
Equities

Dumpster diving for deep value

10 years into a bull market, and with most major indices showing triple-digit percentage gains from their lows, finding value is tough. Compounding the challenges,...
Livewire Exclusive
Livewire Markets
Equities

August Reporting Season: The Good, The Bad and The Oddly

Confession season was eerily quiet leading into reporting season, unlike the noise from the Royal Commission and the incredible events out of Canberra, where another...
AMC
ANN
BXB
+3
BRAD Potter
Tyndall AM
Buy Hold Sell

Buy Hold Sell: 4 stocks exposed to the housing cycle

Australians' love affair with residential property is on the rocks. Data from Corelogic shows an aggregate fall of around 3% for all dwellings across the 5 capital...
BLD
NCK
REA
+1
Buy Hold Sell
Livewire Markets
Equities

Could rising debt spell the end for the fairy tale bull market?

As I travelled around Australia in July, meeting with clients, the excitement of high returns in the market had been tempered with caution about what happens next....
James Abela
Fidelity International
Expert Insights

The only free lunch in finance

There are no free lunches in finance, but for Australian investors, franking credits can be the next best thing. Luke Cummings, Chief Investment Officer at Harvest...
Livewire Exclusive
Livewire Markets
Buy Hold Sell

Fast money in a crowded space

Volatility and wild swings in company share prices were a feature of the August 2018 reporting period. For example, Bellamy’s shares immediately fell 8% on the result...
Buy Hold Sell
Livewire Markets
Equities

Planning for the end of the equity party

(Ed note: First published Sep 2018). Using a party as an analogy for the current equity market, we think this ten-year ‘party’ is about to finish. While we don’t know...
Weimin Xie
Weimin Xie
MX Capital
Equities

BHP turnaround is well on track

BHP has delivered for shareholders in the 12 months since we laid out our bullish thesis on Livewire which you can see here. Collectively Andrew Mackenzie as CEO and...
BHP
Troy Angus
Troy Angus
Paradice Investment Management
Equities

FNArena Reporting Season Monitor: Week 4

Welcome to the FNArena Reporting Season Monitor for the August result season 2018. The Monitor reports ratings and consensus price target changes, along with brief...
GTN
+3
Rudi Filapek-Vandyck
FNArena
Equities

Value vs Growth and the Divergence to the Extreme

All major value equity indices show that the last five years, and in particular the last 12 months, have been a challenge for value as a style. If we look at any...
Jason Kim
Tyndall AM
Equities

The fundies' view on thirty key results this August

If reporting season has kept you busy, you may have missed the regular commentary on notable results from Livewire's contributing managers, so we’ve pulled them all...
APT
BLD
+15
Livewire Exclusive
Livewire Markets
Buy Hold Sell

Buy Hold Sell: 5 big shorts

Short selling lets investors profit from a fall in a stock price by selling first then buying after it has fallen. So a bearish consensus can lead to a big short...
JBH
+2
Buy Hold Sell
Livewire Markets
Equities

"It's quiet... too quiet" - why feeling comfortable is dangerous

It’s quiet out there. Since the so-called return of volatility at the beginning of the year, financial markets are seemingly benign once again. Perhaps it’s the warm...
Nick Kirrage
Schroders
Equities

When to hold, and when to fold

You make an investment, and it goes well for a while, but then it gets shaky. So you have to make a judgment call: Has the story changed, in which case you sell; or...
Alva Devoy
Alva Devoy
Fidelity International
Equities

Netwealth could capture 10% market share

Netwealth operates in a growing market, and is taking share rapidly from a low base. There is a clear trend away from bank-owned platforms, which we expect will...
Ed Prendergast
Pengana Capital Group
Equities

Macmahon works on a profitable future

What’s that? Macmahon (MAH) is actually profitable? Well, yes. And with older problem contracts causing less pain and a full year of big new contracts contributing...
Alex Shevelev
Forager
Equities

Facebook’s Massive Insta Asset

Last week, I blogged about Facebook’s embrace of pain today, gain tomorrow type behaviour—something I’m always on the lookout for. Today, I’ll focus on perhaps the...
Gareth Brown
Forager
Equities

Flight Centre: Best of Breed

We see Flight Centre as a best-of-breed player, operating in an industry with strong growth fundamentals. The business continues to diversify and evolve as it enters...
Chris Tan
Chris Tan
Pengana Capital Group
Buy Hold Sell

Buy Hold Sell: 5 undiscovered growth stocks

Growth stock such as Wisetech, Altium, and Afterpay have seen sensational gains this week, underscoring the power of backing the right growth names. However this...
BAP
+2
Buy Hold Sell
Livewire Markets
Equities

Future-proofing Facebook

We looked at Facebook stock—far too briefly it turns out—in 2013 when it was trading below US$30 a share. It had listed a year earlier and was in the doldrums because...
Gareth Brown
Forager
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