David Allingham

David
Allingham

Portfolio Manager
Eley Griffiths Group

David Allingham completed a Bachelor of Commerce Degree at the University Sydney in 2000. David joined Eley Griffiths Group as Dealer in October 2004. He has been fulfilling the role of Analyst/Portfolio Manager at Eley Griffiths Group since 2006.

Expertise

Small caps for long-term outperformance

David Allingham

There will always be periods where small caps underperform, but over the long term we believe the case for small caps to structurally outperform is stronger than ever. Reasons for this include the high level of inside ownership & alignment with investors. We like the leverage smalls have to M&A... Show More

mining services ASX:EHL ASX:FXL ASX:APT

The time to buy small caps is close

David Allingham

We are currently witnessing a turning point for small caps. However investors should wait for the final tax loss selling of FY17 to subside in late June before committing. Post 30 June we expect small caps to have a strong period in both an absolute sense and versus large caps.... Show More

ASX:ASL ASX:IMD ASX:ALQ

Nikkei to rally +30% in 2014: The Nikkei 225 has an almost perfect correlation (0.98) to the USD/JPY cross

David Allingham

Nikkei to rally +30% in 2014: The Nikkei 225 has an almost perfect correlation (0.98) to the USD/JPY cross. As the JPY weakens against the USD the Nikkei rises, but with 2x the leverage. That is, for every 1% depreciation of the JPY the Nikkei rises around 2%. To put... Show More

usd nikkei forex

Can the building materials sector continue to outperform

David Allingham

Can the building materials sector continue to outperform? Investors always underestimate the fixed cost leverage in these businesses when the cycle turns. The market is forecasting a recovery in volumes but pricing upside could see consensus numbers upgraded into FY15. FBU and CSR are the standouts. Show More

equities

Is the recent correction in wealth managers providing a good entry point

David Allingham

Is the recent correction in wealth managers providing a good entry point? I think so. Mark to market downgrades are only minimal at this stage and if the ASX200 holds around 4700 then the 1H14 average will be nicely above 1h13 which should mean revenue growth for the sector. Something... Show More

Australia equities

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PTM is my prefered exposure with significant leverage to a falling AUD but you do pay a premium for it. PPT is also looking interesting at these levels given their cost out story will enhance bottom line growth and you are only paying a market multiple on FY14 earnings.

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