Consolidated Operations Group (COG:ASX) is the new incarnation of the old Armidale Investment Corporation (AIK:ASX). COG has been slowly transitioning itself from the old LIC structure to a proper operating business structure over the last two years. COG is now pursuing two main lines of business: Show More
During the month of January, equity investors showed little apparent concern for value. As we write this report, the market is becoming increasingly concerned with nascent inflationary signs and rising interest rates. The momentum of investor fuelled, low volatility / low interest rate trade that has grossly inflated pockets of... Show More
Omkar Joshi from Regal Funds Management believes that there are a number of interesting opportunities in the Australian financial sector. While he believes the major banks look fairly valued there are a number of companies employing ‘self help’ strategies that are catching his eye. Show More
In the podcast below, Jeremy Bendeich, Chief Investment Officer and Portfolio Manager at Avoca Investment Management discusses his overall impressions and trends for the reporting season. He discusses the following six key points: Show More
On Monday, insurance broking outfit AUB Group (ASX: AUB) announced its half year results, reporting a 12.7% increase in adjusted net profit after tax (Adjusted NPAT) to $14.5 million and a 15% increase in revenue from ordinary activities to $121.8 million. We expect to see continued growth in AUB which... Show More
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Nicolas Burgess has upgraded to a BUY with target price of $11.60. We believe the worst has now passed in the premium rate cycle and the next two years should see increasing rates as underwriters rebuild profitability. We also believe AUB has invested a substantial amount into the business over... Show More
PSI is a little-known consolidator of insurance brokers that landed on the ASX last December. In no uncertain terms, its inaugural FY16 report was a cracker. Revenue increased 34% over FY15 with this number over 20% ahead of prospectus. The underlying NPATA at $14.3m was 15% ahead of prospectus. Remember,... Show More
"Our view is that most market penetration stories are expensive. In fact, we believe these names are broadly overpriced and even as EPS growth emerges, stock prices will stagnate or fall given high starting valuations. One exception is retirement village operator Aveo, which will increasingly benefit from the ageing population,... Show More