See what The CEO's thought of Commodities, US Tax Reform and Heavy Industry this week

NAOS Asset Management
NAOS Asset Management Listed Investment Companies (LICs) ASX: NCC, ASX: NAC, ASX: NSC

“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S. Some guiding themes are clear and consistent with how we've been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including... Show More


What Mattered Today; a2 Milk to trade lower

James Gerrish
James Gerrish Market Matters / Shaw and Partners

A second consecutive day of selling with the ASX trading in the red for most of the session – a few stocks bucking the trend on broker moves but in aggregate a fairly soft session across the board. As we discussed in the AM report today, the selling yesterday (and... Show More


What Mattered Today; When will we sell Telstra?

James Gerrish
James Gerrish Market Matters / Shaw and Partners

First day back in the office after the Christmas break although we were reasonably active throughout the period increasing cash levels in the Platinum Portfolio to 26.5% - we’ll cover this below however the market was pretty well behaved over the Christmas period and again today, although we saw early... Show More


Is there more in store for investors in 2018?

BT Investment Management

BT Investment Management’s Crispin Murray, Vimal Gor, Peter Davidson and Ashley Pittard provide a summary of the key drivers of investment markets in 2017 and share their thoughts on the prospects for each asset class in 2018. Show More

What Mattered Today; Amazon who?

James Gerrish
James Gerrish Market Matters / Shaw and Partners

A very interesting day for some sectors on the Aussie bourse with the much anticipated launch of the Amazon retail platform in Australia met with very strong buying across the Aussie retail complex – JB Hi Fi (JBH) the best of them adding 6.76% to close at $25.73 while Harvey... Show More


What Mattered Today

James Gerrish
James Gerrish Market Matters / Shaw and Partners

The market opened with a flurry of selling this morning as news broke that the banks had collectively written to the PM somewhat surprisingly requesting an in-depth banking enquiry in a move designed to end speculation and reduce the ongoing rot of public and political opinion. The response, which I... Show More


Earnings Chicanery - how companies "dress up" their results

Hugh Dive
Hugh Dive Atlas Funds Management

In part one of a two-piece series on financial statement trickery, we are going to look at some measures a company can take to “dress up” their financial results to create an unclear picture of their financial health. Show More


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Buy Hold Sell: 5 out-of-favour stocks

Buy Hold Sell
Buy Hold Sell Livewire

Everyone loves a bargain, but buying out-of-favour stocks can be a risky business. The five stocks discussed in today’s episode have fallen an average of 32% over the past year, so is it better to snap up some value, or avoid the falling knives? Show More


Skamvougeras: 6 market insights for Livewire readers

Perpetual Limited
Perpetual Limited Fund Manager

Is Amazon a threat to Woolworths? Can active managers deliver value in large-cap shares? And where are the most defensive earnings on the ASX? Following our quarterly investor update, Perpetual's Head of Equities, Paul Skamvougeras, answered a range of questions from Livewire's editors on current market issues. Show More

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Value emerging in this unloved sector

Livewire Exclusive

Retail stocks have been down in the dumps in recent months as the hype around Amazon’s entry into the Australian market builds. Neil Margolis, Lead Portfolio Manager at Merlon Capital Partners, has been finding retail stocks trading at 10 to 15 times cashflow, while the broader market trades around 25... Show More

value ASX:HVN ASX:JBH Merlon Capital

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At what level does Harvey Norman become a buy?

Michael Gable
Michael Gable Fairmont Equities

Retail stock prices have made some large moves during the last few months. We traded the recent bounce in JB Hi-Fi but have since moved on. Harvey Norman (HVN) is the other large retailer that attracts plenty of interest amongst investors. At the end of August, HVN announced their full... Show More

fairmont equities ASX:HVN

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Buy Hold Sell: 5 Household stocks

Buy Hold Sell
Buy Hold Sell Livewire

In this week’s episode of Buy Hold Sell, Catherine Allfrey from Wavestone Capital and Chad Slater from Morphic Asset Management share their view on Flight Centre, Harvey Norman, Coca-Cola Amatil, Qantas, and Treasury Wine Estates. Show More

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Harvey Norman Full Year Result: HVN lifts profits but disappoints with cut to dividend

CommSec Online Stockbroker

 Specialty retailer, Harvey Norman (HVN) posted a record and above consensus 28% lift in annual profit to $449m. The result was driven by demand for furniture thanks to record low interest rates, a strong Australian property market, and favourable property revaluations. and was boosted by the collapse of Dick... Show More

retail amazon profit harvey norman ASX:HVN August 2017 Reporting Season

First Impressions from Reporting: HVN

Bell Potter
Bell Potter Stockbroker

In this final reporting season update, we provide first impressions on key takeouts from Harvey Norman Holdings (HVN) with a link through to the more detailed report. Show More

ASX:HVN August 2017 Reporting Season

Amazon Not Introducing Internet to Australia

Adrian Lemme
Adrian Lemme Merlon Capital Partners

Every day it seems the media is reporting how Amazon will destroy Australian retailers. We are under no illusion that Amazon will take market share and reduce the profitability of Australian retailers. It would be foolish to think otherwise given that Amazon grew its North American sales by 25% to... Show More


Sunset Strip > Trading Day Wrap From Blue Ocean 20170704

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market ran on positive China and US data before short covering pushed it to the best one day performance since Nov 2016 before RBA watered it down. Banks were up on global bank sentiment while Resources were up on China and Oil data. Retail data helped to push short... Show More

Here's what we learned from leading CEOs this week

NAOS Asset Management
NAOS Asset Management Listed Investment Companies (LICs) ASX: NCC, ASX: NAC, ASX: NSC

“Amazon will have a huge effect on Woolworths and Coles. All of us in the fresh food retail business will have to be very much more focused” Cathy Harris, Chairwoman, Harris Farm Markets Show More


The problem for Coles and Woolies

Alex Pollak
Alex Pollak Loftus Peak

Amazon on Friday announced the US $14b acquisition of Wholefoods in the US, which has correctly been understood by the Australian market as a reason for the share prices of Coles and Woolworths to fall – just like competitors Walmart and Walgreen did in the US. Show More

smsf disruption ASX:HVN ASX:WES ASX:WOW

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Harvey Norman is a very interesting proposition

Nikko Asset Management Australia

While the market is concerned with the housing cycle and the prospective entry of Amazon, we think that both of these concerns are overblown. In addition, Harvey Norman (HVN) also suffered from allegations of inappropriate accounting practices implying that reported earnings were questionable and became a target for shorting by... Show More


Hidden value in quality retail stocks

Livewire Exclusive

Value is hard to find in the market today, so in the third and final part of our recent brief, we asked our panel of experts to share an investment that offers an attractive risk-reward proposition. Interestingly both equity calls are in the bruised-and-beaten retail sector. Our asset class call... Show More

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