Earnings going up for Downer

Vince Pezzullo

Downer EDI Ltd (DOW) provides engineering, construction and asset management services to customers operating in a variety of market sectors including minerals and metals, oil and gas, power, road and rail infrastructure, telecommunications, utilities and facilities management. Show More

Three potential areas of upside for New Hope

Vince Pezzullo

New Hope Coal produces high calorific value thermal coal with relatively low impurities. The majority of its product is exported to Asia and sold to electricity producers. This type of coal is expected to command a premium in the long term because it allows power plants to operate more efficiently... Show More

3 undervalued Aussie stocks

Vince Pezzullo

Today, markets are now thinking about risk rather than what’s on the upside. They’re asking, “what multiple am I paying and what am I going to get from that multiple?”. One way to protect the downside, is to make money on the buy. So, if you get a reasonable multiple,... Show More

Change brings opportunity in the big four

Vince Pezzullo

The recent and sudden surge in market volatility in early February has highlighted the rising disconnect between the economy and markets. For some time many asset prices have been artificially inflated by trillions of dollars in monetary stimulus and ultra-low rates as central banks have tried to reignite sluggish economies. Show More

Fletcher: Better times ahead?

Vince Pezzullo

Fletcher Building is a diversified building materials and construction company operating in over 40 countries. While the last 12 months have been challenging, we see an opportunity for significant upside over time. Show More

Oil Search: Significant value upside

Vince Pezzullo

Oil Search (ASX:OSH) is a A$10.5bn (market cap) oil & gas company, incorporated in Papua New Guinea but listed in Australia. We took the view that, at the bottom of the oil price cycle, they represented a high quality, low-risk exposure to the energy sector. Show More

So how much risk are you taking?

Vince Pezzullo

Markets have a tendency to move between states of fearing the future where there is no justification for being in markets (usually coincides with market bottoms), to believing that risk is easily measured and controlled whereby the fear of missing out is all encompassing (correlations with a market top is... Show More

6 months of transformational change for Bega

Vince Pezzullo

A recent addition to the portfolio, Australian dairy and foods business, Bega Cheese, was the largest single contributor to performance of the portfolio for the month of June. Over the past 6 months, Bega has seen transformational change in its business through the completion of three major transactions: Show More

What’s next for our largest global position?

Vince Pezzullo

The European financial sector has offered a rare pocket of value globally, and has started to see buying in recent months. One of the largest global positions in our portfolio sits in this thematic, and has gained 27% year-to-date. In this short blog for Livewire we give an overview of... Show More

No comments.