Equities
Reporting season is over and saw share prices of more than 40 stocks jump (or fall) by over 10% on the day of their results, with at least 10 moving by over 20%. The biggest gainer, Webjet, was up 30.6% on the day, a remarkable move for what was at... Show More
Cleanaway Waste Management (CWY), Australia’s leading provider of waste management and environmental services, has jumped 9% after delivering a 46% increase in revenues to $1.1bn, and a 43.2% increase in EBITDA to $221m. Show More
Investment Theme
For the best part of two decades, Australian banks enjoyed a golden period of share market outperformance. The banking sector was able to deploy significant capital at very attractive rates of return. It has only been since 2015 that the banks have underperformed the ASX 200 on a consistent basis. Show More
Equities
Equity indices everywhere were in the red last year, yet the three most tipped stocks from the 2018 Livewire reader survey, Afterpay Touch, CSL and BHP, all finished well in the black. They gained (excluding dividends) 107.7%, 31.0%, and 15.8% respectively, or 52% on average. While the order has changed,... Show More
The recent share price volatility has created opportunities to invest in high-quality companies at far more attractive valuations. Here we share an overview of 4 such stocks, namely Macquarie, Cleanaway, Ramsay, and Xero. Show More
The ASX 200 index recently corrected over 10% from its year high on the 29th August. Investors can take advantage of this volatility to add to companies that remain well positioned in their perspective industries and are supported by robust balance sheets. Cognisant that volatility could remain elevated, it is... Show More
During the FY18 company reporting season, we attended investor briefings and held one-on-one meetings with senior management and industry participants that provided an invaluable source of detailed knowledge. Here are our ten key take-outs. Show More
We have changed our view on a number of stocks on the back of the recent results season. Here we summarise our views on 5 stocks we like today, namely Woolworths Group, Cooper Energy, Senex Energy, Caltex Australia and News Corporation. Show More
News Corp, the global diversified media and digital real estate services company, today reported financial results for the fourth quarter and fiscal year ended 30 June 2018. We've pulled out the key highlights here, and share our view of the stock. Show More
Markets have for some time been buoyant on a combination of benign economic conditions, corporate earnings growth and the presumption that Central Banks remain supportive. However, investors should remain alert to the prospect of more hazardous conditions emerging this financial year, and here we outline three stocks that would be... Show More
Thank you, that is a useful comparison and highlights the long way Australia is behind many European jurisdictions.
Undoubtedly, there are a number significant headwinds which the banks need to navigate through, including recommendations that will emanate from the Financial Services Royal Commission coupled with the prospect of greater government intervention (if the ALP is elected in the Federal election). How much of this is factored already into banks share prices is difficult to determine. A further consideration is the the potential change in the composition of bank share ownership (which is dominated by retail investors) who have been beneficiaries of fully franked dividends. If franking changes are implemented by a new ALP government the mix of share ownership may shift toward greater ownership by local and foreign institutions.
There may well be a perennial discount attached to the Murdoch dynasty and its voting structure. Nevertheless, on a broader level there remains appealing elements in family backed companies with net cash balance sheets. Rupert Murdoch has undoubtedly shown extraordinary longevity in his passion for publishing and his tenacity to nurture assets through difficult times. NWS’s stable of assets in its News and Publishing business is testament of the advantages of taking a longer term approach. Too often, the dispersed shareholding model naturally aligns itself to short term performance indicators. The idiosyncratic nature of Murdoch’s jurisdictional preference for a US holding company is well celebrated and admittedly does dilute the value of Australian franking credits. Yet, my sense of having visited News Corp’s Head Office in New York and also its London office is that proximity to vibrant and large competitive markets does bring advantages.