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I recently had the opportunity to present to the investors attending the Australian Shareholders Association’s (ASA) LIC Showcase event. Spheria has a focus on...

I recently spoke at the Australian Shareholders Association’s LIC Showcase. In this 20 minute presentation I cover: Investing for absolute returns, LIC discounts and...

While the market closed fairly flat on the session overall there was some decent movement under the hood . Weakness early leading into an 11.30am low before a...

This time last year, I presented the case that there was hidden value in IMF which would be realised as the company generated strong returns from cases in which it had...

Choosing an online stockbroker can be one of the most important investment decisions you make. While your returns will be predominately driven by the individual...

The big four banks are the engine room of many equity income portfolios, producing around a third of the gross dividend yield of the entire ASX200. So, when we sat...

With close to 20% of our portfolio exposed to the energy sector, this has been by far our largest performance detractor over the last year. Over the past 10 years, the...

The three indicators that investors most often use to inform their view on equity markets provide signals that are fuzzy at best. In this wire we explain why...

Finding companies that have high returns today is simple enough; simply run a screen over the market looking for high returns on capital. But the real question is...

The federal government may have succeeded in cleaning up the woeful private vocational education sector, but now faces a fresh issue in its quest to protect the $35...

In January 2017 Providence published a whitepaper on Long Term Returns. At the time we suggested that Long Term returns from a traditional balanced portfolio were...

The often-quoted US$17 trillion worth of negative-yielding bonds are from developed economies such as Japan, Germany and France. In stark contrast, government bonds...

When ‘growth’ stocks go out of favour and stop attracting a premium, there’s often a large valuation gap that must be crossed before they begin to look attractive as...

In its latest LMI Monthly Update, Independent Investment Research places the spotlight on Ellerston Global Investments, a heavily discounted listed investment company...

In the last six months, the cash rate set by the Reserve Bank of Australia has fallen 0.75%. It is estimated that cash returns on savings accounts and term deposits...

What’s going on with the share price of data center provider NextDC (ASX: NXT)? Over the past year, it has massively underperformed other firms in both the tech and...

Does contrarian investing really work?It is an often-heard cliché that to beat the market you need to be a contrarian. But what exactly does this mean, as it implies...

Pengana International Equities Limited gives investors access to a long-only portfolio of 30-50 global equities through a Listed Investment Company (ASX: PIA). The...

France-based LVMH, which sells fashion, alcohol, watches, jewellery and cosmetics, is the world’s leading personal-luxury-goods company. In its 2018 annual report, the...

We continue to expect downside economic risks will dominate markets for some time, even as central banks are easing policy and there are signs US–China trade tension...