ASX:EHE

Sunset Strip > Trading Day Wrap From Blue Ocean 20170531

Mathan Somasundaram

Local market ran up on China data before fading to a slight positive day for the end of month. Tax loss selling in May/June will add to the seasonal weakness while geopolitical risks and US fiscal delays are overshadowing global growth story. We had strong manufacturing and non-manufacturing PMI data... Show More

Time to consider the aged care sector?

James Gerrish

The aged care space has been battered since late 2015 and Japara's (JHC) result yesterday did not help, with the stock falling 5.9% to $1.90. The question we ask ourselves is it time to step up and buy the sector which clearly should benefit from an ageing Australian population -... Show More

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Sunset Strip > Australian Market Trading Day Wrap from Blue Ocean Equities

Mathan Somasundaram

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

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market moved up again despite negative global sentiment to deliver fourth straight positive day. Aussie market looks to be suffering from delusions of grandeur by maintaining the positive momentum despite falls in global markets, currency, volatility index and yields. We are in the school holiday period where most will take... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market pulled back slightly as global sentiment remains weak after running ahead of the fundamentals. US Fed has set the path to end cheap debt while every other central bank is on hold indefinitely. The stronger the yields, the strong the USD, the more pressure on Emerging Markets to raise... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market moved up and down like a headless chook before finishing negative on the risk that Chinese stimulus may wane after solid retail and factory data. We are seeing the early stages of friction between the corporatisation of the western fiscal policy rubbing against the authoritarian cohesion of the eastern... Show More

Livewire readers’ best and worst picks

Livewire Exclusive

With the end of the year in sight, it’s time to check in again on how the Livewire readers’ 2016 stock picks are tracking. The biggest observation is the pullback in the YTD mean performance across the sample, from 18.3% (Oct 19th) to 8.7% (Dec 5th). Only 35% of stocks... Show More

One smallcap we like and how we uncovered it

Totus Capital

At Totus we look to buy good businesses with tailwinds for earnings growth into the medium term. Generating new stocks ideas that meet our criteria is difficult and requires us to cast a wide net. We read widely, organise numerous company conference calls, attend company meetings, travel to conferences and... Show More

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Effective ways to generate new stock ideas

Livewire Exclusive

If running an effective quant screen was the only thing required to find new stocks ideas, investment success might not be as elusive as it is today. The fact is that investment idea generation is as much an art as it is a science. As Michael Hintze, Founder of $12... Show More

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Livewire readers' best and worst stock picks

Livewire Exclusive

At the end of 2015 Livewire readers were asked to nominate their single highest conviction stock pick for 2016, as part of a survey asking for their predictions on how events would unfold in 2016. In this post we’ll check in to see just how well the collective stock picks... Show More

Near-term ideas in the healthcare sector

Morgans Financial Limited

Aged care operator, Estia Health, had a significant downgrade last week, Japara & Regis were also sold off, but have since recovered. The downgrade put some negative sentiment over the sector. Cuts to government spending in the long-term will hang over the sector for a while, but most of this... Show More

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Aged care operators take a tumble

Patrick Poke

A number of analysts have downgraded Australia's aged care operators following a 'clarification' from the government on the types of fees that can be charged: https://agedcare.health.gov.au/programs/residential-care/charging-fees-for-additional-care-and-services-in-residential-aged-care-including-capital-refurbishment-type-fees Show More

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Week in Preview - US jobs report, RBA Board Meeting & outlook for the aged care sector

CommSec

CommSec Advisory’s Nicky Kritikos speaks with Tom Piotrowski about expectations for future US interest rate rises after Friday’s jobs report, Tuesday’s RBA Board Meeting & the outlook for the aged care sector For more market insights, visit https://www.commsec.com.au/market-news/the-markets.html Show More

Post-reporting season healthcare wrap

Morgans Financial Limited

This year saw outstanding results from the hospital operators, in particular, Ramsay Healthcare (RHC). Results were at the top end of consensus forecasts, and expectations are for continued robust growth. Over the last 20 year, RHC has produced an average of 16% compound earnings growth, and this looks like it... Show More

One IPO that caught our attention

Eley Griffiths Group

We participated in the $918m IPO of Reliance World Corporation (RWC) at 21x FY17 PE. RWC designs and manufactures ‘behind-the-wall’ plumbing fixtures in Australia, US, Canada and increasingly in Europe. The business has its origins in Australia where it predominantly served the wholesale/OEM channel (e.g. Reece, Tradelink). RWC enjoyed a... Show More

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All is not what it seems with aged care

Andrew Macken

Australia’s residential aged care providers are seemingly simple businesses that operate provide accommodation and socially-imperative care for our elderly in return for a fee. However, the economics of these businesses are surprisingly complex. Probably the most confusing aspect relates to Refundable Accommodation Deposits (RADs). Think of RAD as a deposit... Show More

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Complacency in the aged care sector

Livewire Exclusive

“One strongly performing part of our little market, where we’ve all milked great returns and complacency has set in is the aged care sector,” said Ben Griffiths, Portfolio Manager at Eley Griffiths Group, at the recent Livewire Live forum in Sydney. “It’s not a deep slumber, but certainly some complacency... Show More

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Access the highlights of Livewire Live

Livewire Exclusive

Last week, Livewire Markets, in conjunction with Bell Direct and ASX, presented the second Livewire Live investor conference to a sold-out crowd of 250 investors at the ASX in Sydney. The event provided investors with a unique opportunity to hear how 14 of Australia’s most respected investors have been making... Show More

Tightening the reins on healthcare expenditure

Livewire Exclusive

The budget was reasonably benign when it came to stock market impacts as the government was leading into an election. Some of those most impacted were the aged care providers such as Regis Healthcare, Estia Health and Japara Healthcare as the government looked to impose tighter funding criteria to slow... Show More

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Budget winners and losers for investors

Livewire Exclusive

The Federal Budget affects all Australians, but for businesses impacted by regulatory changes, the effects can be outsized. Past budgets have affected everything from Telstra to AMP (superannuation changes), and healthcare providers. This year’s budget is no exception, with wide-ranging changes affecting superannuation & retirement (again), television and radio, and... Show More