David Walker

These are confusing, unprecedented times for investors. The key direction-setter for interest rates, the US Federal Treasury, remains split on the timing of its first hike in many years, Chinese data in recent days has disappointed again and Europe continues to have negative interest rates. Australian labour force data has... Show More

David Walker

Myer shares tumbled after its full-year earnings disappointed, with speculation swirling that it could become a takeover target for Premier Investments. The department store faces increasing competition from international retailers and rejuvenated local brands, which poses a challenge to revenue and margins, as well as a need to continue with... Show More

David Walker

Investors can identify quality companies by looking for six features: high recurrent return on equity, self-funded growth from operating cashflows, earnings sensibly apportioned between dividends and reinvestment, less cyclical or secular growth, competent and shareholder-friendly management, and moderate to no gearing. It is possible to prove quality companies outperform by... Show More

David Walker

Where is the value? Over time, share prices converge to intrinsic value and that investors should have a rational process for knowing what a company is worth while having rational inputs on return on equity, capital allocation and risk. The volatility in global equity markets are are historically low and... Show More

David Walker

The recently announced sale of UGL's property service's arm DTZ will provide a much-needed boost to the balance sheet, and a likely capital return for shareholders. With established scale in transport and infrastructure, the remaining engineering business is positioned to benefit from the upturn in domestic infrastructure spending underpinned by... Show More

David Walker

Is it time to buy QBE? Not at current prices, in our view, but below $10 the stock would be interesting. The serial disappointer last week downgraded its earnings guidance for the fourth time in the last two years but our valuation was conservative, we don't need to downgrade and... Show More

David Walker

Alan Kohler, Editor-in-Chief of the Eureka Report and a director of StocksInValue, speaks with John Abernethy, Chief Investment Officer of Clime Asset Management, to get the latest insights on the macro-economic outlook and how the latest themes will affect investors: We are closer to the end than the beginning of... Show More

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