Nigel Littlewood & Jackson Lee

I travelled to the USA in October for several company visits. In Salt Lake City I visited the US division of Sydney based Credit Corp (ASX:CCP). Recent history of the PDL (purchased debt ledger) sector in the US is interesting. Many participants have been pushed out of the industry over... Show More

Nigel Littlewood & Jackson Lee

While we are close to driverless cars but not quite there yet… we appear to be embracing 'driverless investing; with abandon. Indeed as Steve Bregman points out in this great presentation, the money flowing into index style funds that invest with no regard whatsoever to value, has created the “most... Show More

Nigel Littlewood & Jackson Lee

There are two things that make share prices rise. First, earnings growth which is the long-term fundamental driver, and secondly, multiple expansion which is a reflection of increased investor confidence. It stands to reason that during a crash, P/E multiples fall to cyclical lows as sentiment is negative, and during... Show More

Nigel Littlewood & Jackson Lee

Shriro is an exciting prospect trading on a single-digit earnings multiple, no net debt, and an enticing dividend yield of around 9% fully franked. So while it appears cheap it also has a growth strategy that has the capacity to see a big earnings jump and a PE rerate providing... Show More

Nigel Littlewood & Jackson Lee

We have been following the story of iSelect (ISU) for a while, and we think that neither the market nor the management (in its communication with the market) seem to pay enough attention to the impact of the drama that has unfolded between the company and one of its key... Show More

Nigel Littlewood & Jackson Lee

Every boom busts..it's just a matter of when. The boom in yield stocks, that appear to posses safe earnings, has been significant. Sydney Airports has been distributing more than its cash earnings (after maintenance capex) for more than a decade. The stock appears to be priced for a perfect future.... Show More