ASX:AMC

Key themes for reporting season

Livewire Exclusive

It seems like just weeks ago that February reporting season was wrapping up, but believe it or not, reporting season is upon us again. The Australian market has performed solidly in the period since, having gained 4.4% since the end of February. But this number hides the dichotomy that has... Show More

Three companies with sustainable dividends

Livewire Exclusive

With investors guessing which bluechip will cut its dividend next, we recently asked three experts how they measure the sustainability of a company's dividend. In this wire, they each share a stock example that passed their tests. Show More

ASX:AMC ASX:TCL ASX:WOW

Resources v Industrials – a Growth vs Value conundrum

Anton Tagliaferro

The significant outperformance of Resources over Industrials since February 2016, is a major factor contributing to the recent underperformance of Value managers like IML, compared to Growth and Momentum strategies which I discussed in a recent wire. Show More

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Losing money overseas

Hugh Dive

In the travel sections of newspapers there frequently appear articles with titles such as Top 7 Overseas Travel Scams (and How to Avoid Them). However, Atlas see the biggest cause of Australians losing money overseas is not pickpockets, dodgy taxi drivers, or pre-damaged rental jet skis, but rather ill-conceived offshore... Show More

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4 signs that companies are taking more risk

Anthony Aboud

Over the past few years, Australian companies have operated in a low and falling bond yield environment. There are beginning to be signs that this multi-decade trend is reversing. A lot of market commentary has focused on the impact that a reversal of bond yields will have on the prices... Show More

ASX:AMC

The best investing strategy now normal volatility has resumed

Clime Asset Management

Volatility is the value investor’s best friend and weeks like last week are welcome opportunities, not reasons to panic. For so long quality companies with growth traded above the prices we wanted to pay but last week’s indiscriminate selling knocked their prices down to levels sufficiently below valuations for us... Show More

First Impressions from Reporting: JBH, BEN, AMC and ANN

Bell Potter

In this daily reporting season update, we provide first impressions on key takeouts from companies reporting today, including JB Hi-Fi (JBH), Bendigo & Adelaide Bank (BEN), Amcor (AMC) and Ansell (ANN) with links through to more detailed reports. Show More

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Earnings Chicanery - Part Two on how companies "dress up" their results

Hugh Dive

Last week in part one of Atlas’ surprisingly popular series on financial statement trickery - Earnings Chicanery, we looked at the three financial statements and some measures a company can take to “dress up” their financial results. In part two we are going to build on this and take a... Show More

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Where to find opportunities in large companies

Clime Asset Management

There is so much confusion about the stocks in the ASX’s large-caps index, the ASX 50. Some investors see them as ‘blue-chips’ by virtue of their size and longevity, and thus see them as long-term portfolio holds. Others think the ASX 50 is largely useless: a motley, concentrated index of... Show More

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First Impressions from Reporting

Bell Potter

In this daily reporting season update, we provide first impressions on key takeouts from companies reporting today, including BHP Billiton (BHP), Amcor (AMC), Sydney Airport (SYD), Oil Search (OSH), and Inghams (ING) with links through to more detailed reports. Show More

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Morgans reporting season candidates for surprise or disappointment

Andrew Tang

FY17 reporting season kicks off in earnest mid-August and according to the latest IBES consensus earnings estimates, EPS growth for the S&P/ASX200 is forecast at 13% in FY17, slightly down from 13.6% at the end of 1H17. Pleasingly this would still mark the end of the earnings recession after two... Show More

It's all about corporate profits

Rudi Filapek-Vandyck

US corporate profits are in an upturn, according to proprietary leading indicators from Morgan Stanley and Citi. Thus US equities should remain in an uptrend too, all else being equal. Alas, for investors in Australia, the dynamics domestically are not the same, and that is putting it mildly. Over here... Show More

Quality Is Making A Come-Back

Rudi Filapek-Vandyck

Look closely, and investors will see that quality stocks are making a comeback after being left by the wayside in the Trump-inspired reflation trade last year. CSL is trading around $128. Ramsay Health Care is back around $70. Amcor is well above $15, and InvoCare is approaching its all-time high... Show More

Five new research ideas

Patrik Sjöblom

During the course of three weeks on the road that took me through Washington, New York, London, Stockholm, and Japan, I met with 52 companies, 5 of which are new names that we have identified as priorities to undertake deeper research work on. This trip also allowed me to attend... Show More

First Impression: Amcor (AMC) 1H17

Bell Potter

Divisional performance: Flexibles: revenue up 3.5% to US$3090m and PBIT up 5.3% to US$373m; operating margin 12.1%; Rigids: revenue down 11.8% to US$1377m and PBIT down 6.5% to US$143.5m; operating margin 10.4%. | Net operating cash flow down 18% US$214.9m. | Outlook: “The Company is very well positioned for continued... Show More

ASX:AMC February 2017 Reporting Season

Livewire Reporting Roundup

Livewire Exclusive

The Livewire Reporting Roundup is a new and exclusive weekly series carefully crafted to bring Livewire readers the best exclusive insights and investor resources throughout reporting season. We’ve invited 7 professional stock pickers to nominate their standout company results from the past week with responses from Regal Funds, K2 Asset... Show More

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Feb 2017 Reporting Season Calendar

Bell Potter

The Bell Potter reporting calendar covers 210 companies for the February period, as well as several in March, and highlights reporting dates, period reported, NPAT (consensus and Bell Potter estimates) and our analyst recommendation for the stock. The pace is increasing, with 16 reporting on Monday and Tuesday alone. Livewire... Show More

Buy Hold Sell: 6 ‘value’ big caps

Buy Hold Sell

With the great rotation underway, value investors are once again enjoying their time in the sun. So for this week’s Buy Hold Sell, we have Vince Pezzullo from Perpetual Equity Investment Company joining industry heavyweight John Murray from Perennial Value Management. Tune in as these two dyed-in-the-wool value investors take... Show More

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The long-awaited return of Australian earnings growth

Marcus Tuck

A significant turning point for the US stock market was reached in Q3 2016 with the return of positive year-on-year growth in US corporate profits. The long-awaited return of Australian earnings growth may be happening too, based on a recent research report by Deutsche Bank's Australian equity strategy team. The... Show More

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Emerging opportunities in large-caps

Clime Asset Management

While the best large-cap stories are normally expensive and the ASX 50 is dominated by cyclicals, banks, bond proxies and property names, there is a way through to attractive returns. It’s necessary to buy the growth stories in market panics, pick the right turnarounds to back and trade the others... Show More