Australian house prices are falling. Credit availability is tightening. US mortgage rates are rising. These and other factors have put building materials stocks under pressure. In this paper we assess value across the building materials sector given our assessment of “mid-cycle” housing starts and take a view on where we... Show More
"What we've built is a war-chest of technology that allows us to be a disrupter in a range of different areas." Jim Rowan, CEO, Dyson Show More
The prospect of a Labor government has far reaching ramifications for investors. However, there is one sector that stands to benefit from the election cycle whatever the result, says Matthew Haupt from Wilson Asset Management. Show More
In this daily reporting season update, we provide first impressions on key takeouts from companies reporting today, including Carsales.com, Lendlease Group, Sydney Airport, APA Group, Inghams, Coca-Cola Amatil and Adelaide Brighton with links through to more detailed reports. Show More
Public infrastructure spending in Australia has a positive outlook for the medium-long term, with government announcements and global trends indicating that large public infrastructure companies will have a multitude of projects in the pipeline. Two of these beneficiaries are ASX-listed companies Boral (BLD) and Adelaide Brighton Cement (ABC). Show More
“The switch from traditional fuels into renewables is just a massive switch, and we're seeing it across so many different businesses that we are working with – not just our own business, but so many different businesses out there, where the energy profile they are looking at is changing as... Show More
As the housing construction boom comes to an end, the obvious question for investors is ‘where next?’ One potential opportunity lies in transport infrastructure construction, which is poised to double over the next few years. Between roads and rail, annual spend is expected to increase to $16B by 2020. Show More
In this daily reporting season update, we provide first impressions on key takeouts from companies reporting today, including QBE Insurance (QBE), ASX (ASX), Wesfarmers (WES), Cochlear (COH), Telstra Corporation (TLS), Mirvac (MGR), Tatts Group (TTS), Treasury Wine Estates (TWE) and Adelaide Brighton (ABC) with links through to more detailed reports. Show More
The first week of reporting season has already thrown up a few grenades with Isentia and Navitas both missing expectations. In this short video the panel discuss sectors and stocks that they like and how they handle a holding that gets crushed after missing investor expectations. Show More
This week I sat down with Tom Piotrowski from CommSec to discuss Wilson Asset Management’s large cap LIC, WAM Leaders . In addition, I discuss the Australian insurance market, Woolworths and the Amazon threat, local infrastructure and the strengthening US dollar. Show More
I provide an overview of the global and domestic economies and describe how we have positioned the portfolio to take advantage of market opportunities. Show More
Alternative managers are continuing to see increased interest from traditionally conservative clients and it seems infrastructure is the hottest ticket in town. With President Trump’s (still unannounced) plans to drive over $1trn of infrastructure investment in the US, China pledging over US$100bn in investment for “One Belt One Road”, Blackstone... Show More
Local market was aimless and drifted lower as global markets digest US Fed’s “fairly soon” rate rise outlook while local reporting season hits top gear. Local market reaction to results are running into short covering. Investors are shooting first and then asking questions later. ABC for one was down early... Show More
The August FY16 reporting season as usual provided winners and losers. While we are likely to do some portfolio adjustments as a result of the new information released with company results, the most important question in coming months will most likely be how to position for a potentially changing macro... Show More
A first strike at Reckon and AGM results for Maverick Drilling & Exploration, STW Communications Group, Brainchip, Invigor Group (shareholder dissent on remuneration report still not at the level of a strike but clearly they're Not.Happy) and Adelaide Brighton. The Note is updated progressively throughout the day and Wednesday's note... Show More
A busy AGM month this month and I can't hope to touch on all the AGMs...but I have a note on All the Majors AGMs happening this month https://subscriber.theexecutiveremunerationreporter.com.au/archives/15106, the two strike AGMs happening this month https://subscriber.theexecutiveremunerationreporter.com.au/archives/15104 and a note with a selection of AGMs and General Meetings occurring in... Show More
The heightened market uncertainty in our view warrants a defensive portfolio positioning. This, however, begs the question – what is a defensive company in today’s market? The valuation dispersion between stable or growing companies and more cyclically-exposed companies is now the highest since the financial crisis (see chart). So is... Show More
