Today I write about an interview this week with one of Australia's most successful and innovative funds management pioneers, Magellan's Hamish Douglass, who says he would have no issue with ASIC applying the Future of Financial Advice (FOFA) laws to the burgeoning listed investment company/trust (LIC or LIT) space to... Show More
Excerpt from my column in the AFR today in which I speculate ANZ will halve its workforce, move to a mostly branchless business model, and introduce a revolution in the form of risk-based product pricing that will offer every customer unique interest rates (click on that link to read free... Show More
ANZ has unveiled a first-half cash profit of about $3.4 billion, just below analyst expectations of a $3.5 billion profit. Show More
In The AFR I reveal that Australian house prices have jumped another 0.8% over September and by 2.7% in the September quarter, which is north of an 11% annualised pace in an embarrassing contradiction of the RBA's claims that its May and August rate cuts had not stimulated "a new... Show More
Every investor wants capital and dividend growth, but it’s easy to forget about risk. So far this reporting season, right or wrong earlier calls about risk are making all the difference to investor returns. Amongst the medium to large companies of interest to most investors, some large shifts in risk... Show More
Macro outlook: Low growth and low interest rates remain the key risks for financial stocks as global economies move from one disaster to another. The turnaround big banks offer better value in low growth outlook as they have relatively lower housing exposure and trade at a discount. Preferred picks are... Show More
Macro outlook: Global markets are expected to start the chase yield as macro risks start to subside. We continue to like globally diversified business models while small cap industrials remains the key preferred sector/size category on growth and yield to value basis. Bank sector is likely to be the main... Show More
I have published a brief analysis in the AFR of ANZ's decision to appoint Michelle Jablko as CFO and the ensuing controversy surrounding Angus Aitken's remarks on this subject. Excerpt: "Stockbroker Angus Aitken's comments were not remotely sexist...The suggestion is arguably scandalous. On any objective reading, there is not one... Show More
ANZ has broken ranks and signed up to Apple Pay but there’s a good chance the others won’t anytime soon. Show More
Tom Piotrowski speaks with CommSec Advisory’s Blair Hannon about earnings results out this week from Westpac, NAB, ANZ and Macquarie Group FOR MORE MARKET NEWS, VISIT https://www.commsec.com.au/market-news/the-markets.html Show More