Used cars…… who cares? We do!

Pengana Capital

Management of failing US based consumer electronics retailer, Circuit City, was facing significant pressure from a superior competitor, Best Buy, as well as value retailers like Walmart. As a result, they launched an internal venture in auto retail, which was spun out on its own before Circuit City’s eventual bankruptcy.... Show More

Bapcor: presenting a good opportunity

Pengana Capital

Picking when small caps or large caps are going to outperform is no easy task. It depends on far too many variables, most of which are not predictable. As a rule, large caps generally do better when banks do better. Small caps do better when the Australian domestic economy is... Show More

Game-changers and disruptors

Pengana Capital

Much was written about the attraction of ‘disruption’ by investment analysts during 2015. How new technology is enabling smaller, smarter and nimbler start-ups to build disruptive business models by achieving the “magical trifecta” of better service to more customers at a lower cost. Investing in a ‘ten bagger’ by picking... Show More

Kessler: Corporate Darwinism is alive and well

Pengana Capital

Rhett Kessler, Portfolio Manager at Pengana Capital, says a conservative strategy and having the nerve to invest in periods of weakness turned out to be the right strategy in 2015. Kessler says he is maintaining a defensive portfolio this year with nearly half of the companies falling into the boring... Show More

Which sectors provide more certainty of earnings in the present environment?

Pengana Capital

Sectors such as telecommunications, healthcare, aged care, retirement living and childcare provide revenue streams which are not heavily reliant on the economy. The smallcap market also provides investment opportunities in niche areas such as intellectual property services (IPH Ltd), automotive wholesale (Burson Group), consumer credit reporting (Veda Group) where revenue... Show More

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