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              Mezzanine finance and the risk of &#39;over-leveraging’ property exposures
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Clive Smith takes a closer look at the role of mezzanine finance as a funding source for property development and the risk of overleverage.
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Invest in companies with good corporate cultures (and an unlikely example to get you <span class="whitespace-nowrap">started)<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Finding companies with good corporate cultures can also accentuate your portfolio&#39;s returns.
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Arthur J. Gallagher &amp; Co.</div>
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        Livewire Markets
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          <time datetime="2024-11-30T10:35:58+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 30, 2024 10:35</time>
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              Media worth consuming – November 2024
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Interesting and under the radar media on finance, economics, politics and society
</div>

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        Narrow Road Capital
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            <a class="pre-header-sm lg:pre-header-md uppercase text-primary hover:underline" href="/categories/weekend-report">Weekend Report</a>

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          <time datetime="2024-11-30T07:00:01+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 30, 2024 07:00</time>
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              Trending On Livewire: Weekend Edition - Saturday 30th November
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  ASX 200 reached record highs this week, fueled by small and mid-cap gains, signaling strong momentum into year-end.
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          <time datetime="2024-11-29T14:00:42+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 29, 2024 14:00</time>
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              Here comes Santa! Can we expect ASX shares to soar to record highs in December?
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  Time flies when you’re having fun! ASX stocks enter December, traditionally one of the strongest months of the year, in strong shape.
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</a></div>

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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Double digit growth at a discount, is this an overlooked mega <span class="whitespace-nowrap">cap?<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Why we see value in this monopoly business that is trading at a discount to the market and its peers. 
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              Booming bauxite the metal of 2024 as tight supplies meet import-reliant China
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  Metro and Arrow among the few ASX stocks offering leveraged exposure; Plus, Spartan and Rumble take the week’s gold honours.
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              November 2024 Podcasts
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Below is a summary of the topics we covered on Nucleus Investment Insights this month. See the links for more information.
</div>

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        Nucleus Wealth
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            <a class="pre-header-sm lg:pre-header-md uppercase text-primary hover:underline" href="/buy-hold-sell">Buy Hold Sell</a>

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          <time datetime="2024-11-29T06:00:08+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 29, 2024 06:00</time>
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Buy Hold Sell: 3 ASX stocks the market loves (and 2 that are flashing <span class="whitespace-nowrap">red)<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  In this episode, David Keelan from Ellerston and Andrew Peros from Ausbil analyse a handful of the ASX&#39;s market darlings.
</div>

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</a>      </div>
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            Followed by<span class="font-bold text-gray-700"> 937 </span>people
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Is it time to sell your ASX consumer <span class="whitespace-nowrap">stocks?<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Fidelity International&#39;s Casey McLean certainly thinks so. Hear why in this episode of The Pitch.
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              Key themes and top picks from across the globe
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  In September, all six members of the Alphinity Global investment team embarked on international travel, collectively visiting eight countries, and engaging with over...
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        Alphinity Investment Management
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Origin Energy: where utilities meet <span class="whitespace-nowrap">innovation<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none" id="embed_podcast" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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          <time datetime="2024-11-28T14:23:19+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 28, 2024 14:23</time>
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          <div class="sm:flex-grow">
            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              When will the pendulum finally swing for lithium prices? 2028, 2029, or 2030?
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  When will lithium prices finally turn around? We pinpoint when the lithium market will swing back to a deficit, and therefore higher prices.
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              Central banks note limited risks on non-bank lending
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Central banks have looked at the growth of private credit (and associated risks) and have given the sector a cautious stamp of approval.
</div>

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          <div class="sm:flex-grow">
            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              UBS: The bullion bull run is set to continue (and the 5 ASX stocks they like most)
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  We unpack UBS&#39; bullish thesis for gold, and leverage insights from Livewire to assess the five stocks it likes. 
</div>

          </div>
</a>      </div>
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  <div class="flex items-center gap-2">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">De Grey Mining Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:DEG</div>
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</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-597">
            Followed by<span class="font-bold text-gray-700"> 154 </span>people
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  <a aria-label="GMD" data-controller="event" data-event-name-value="link_click" data-event-id-value="61399" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-gmd">
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  <div class="flex items-center gap-2">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Genesis Minerals Ltd</div>
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        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-836">
            Followed by<span class="font-bold text-gray-700"> 75 </span>people
        </div>
          <div 
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  data-load-engagement-count-target="follow"
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    </div>
  </div>
</div>

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      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="GOR" data-controller="event" data-event-name-value="link_click" data-event-id-value="61399" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-gor">
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  class="lw-badge rounded-2xl  md"
  
  
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  <div class="flex items-center gap-2">
    <span class="text-bold-md">GOR</span>
  </div>
</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="863" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-gor">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Gold Road Resources Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:GOR</div>
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</a>    <div class="px-4 mt-0.5">
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        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-863">
            Followed by<span class="font-bold text-gray-700"> 91 </span>people
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  data-followable-type="stock_code"
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      +2
</a></div>

        </div>
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  <a aria-label="DEG" data-controller="event" data-event-name-value="link_click" data-event-id-value="61399" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-deg">
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  <div class="flex items-center gap-2">
    <span class="text-bold-md">DEG</span>
  </div>
</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
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      <div class="p-4 flex group">
        <div class="flex flex-col">
          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">De Grey Mining Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:DEG</div>
        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-597">
            Followed by<span class="font-bold text-gray-700"> 154 </span>people
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          <div 
  class="follow-stock-code-597-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
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  <a aria-label="GMD" data-controller="event" data-event-name-value="link_click" data-event-id-value="61399" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-gmd">
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  <div class="flex items-center gap-2">
    <span class="text-bold-md">GMD</span>
  </div>
</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Genesis Minerals Ltd</div>
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</a>    <div class="px-4 mt-0.5">
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            Followed by<span class="font-bold text-gray-700"> 75 </span>people
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  class="follow-stock-code-836-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
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    </div>
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</div>

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      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
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  <a aria-label="GOR" data-controller="event" data-event-name-value="link_click" data-event-id-value="61399" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-gor">
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  <div class="flex items-center gap-2">
    <span class="text-bold-md">GOR</span>
  </div>
</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="863" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-gor">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Gold Road Resources Ltd</div>
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  data-load-engagement-count-target="follow"
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  </div>
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      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
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    <div data-controller="tooltip">
  <a aria-label="NST" data-controller="event" data-event-name-value="link_click" data-event-id-value="61399" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-nst">
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    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Northern Star Resources Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Perseus Mining Ltd</div>
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Seneca&#39;s 3 underrated small caps for <span class="whitespace-nowrap">2025<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  In this Fund in Focus, you&#39;ll learn where Seneca&#39;s Luke Laretive is finding out-of-love small-cap stocks on the ASX. 
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          <time datetime="2024-11-28T09:57:59+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 28, 2024 09:57</time>
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              US earnings season: The ‘Magnificent 7’ report
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  The ‘Magnificent 7’ tech stocks again delivered strong earnings growth for the Q3 2024 quarter with all companies beating market expectations. The results highlighted...
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        Betashares
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          <time datetime="2024-11-28T06:30:34+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 28, 2024 06:30</time>
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Are ASX tech highflyers Pro Medicus, Technology One, Wisetech &amp; Xero too high to buy?
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  Shares of Pro Medicus, Technology One, Wisetech Global and Xero have soared in 2024, but how much upside remains for those who invest now?
</div>

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</a>      </div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Pro Medicus Ltd</div>
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            Followed by<span class="font-bold text-gray-700"> 250 </span>people
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Wisetech Global Ltd</div>
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      +1
</a></div>

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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>The private investment idea this fund manager is targeting for double-digit <span class="whitespace-nowrap">returns<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Less than 1% of the 27M US companies are publicly-listed. That opens up a huge opportunity for those who want to invest in the other 99%. 
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