Four lessons for retailers who want to survive

Roger Montgomery
Roger Montgomery Montgomery Investment Management

The increasing challenges faced by our retailers are well documented. But from adversity can come opportunity, provided a business is prepared to innovate. And from the US comes the story of a retailer that did innovate, and has done more than just survive – it has thrived. Show More

ASX:JBH australian retailers NASDAQ:AMZN

One sector that ticks all the (wrong) boxes

Michael Goldberg
Michael Goldberg Collins St Value Fund

Whether it is companies that have experienced share price declines due to regulatory uncertainty, or industries that are generally out of favour, our best returns have historically come from recognising opportunities where others have decided that the issues are simply “too hard”. One sector that currently ticks all the (wrong)... Show More

retail value investing ASX:JBH ASX:MYR ASX:TRS

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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Sunset Strip > Trading Day Wrap From Blue Ocean 20170814

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market had a relief rally as the “War of Tweets” between US and North Korea started to settle down. The weaker than expected US inflation outlook pushed down USD and pushed up AUDUSD. China data showed that we may be closer to the top in the recent commodity run... Show More

JB Hi-Fi Full Year Result: JBH profits lift on Dick Smith collapse & The Good Guys purchase

CommSec Online Stockbroker

JB Hi-Fi (JBH) posted a better than expected 36.5% lift in underlying profit for the 12 months to June 2017 to $207.7m. The result - which was slightly above the discount retailer’s own guidance - was boosted by the collapse of Dick Smith (reduced competition) and the near $900m purchase... Show More

First Impressions from reporting

Bell Potter
Bell Potter Stockbroker

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

ASX:ANN ASX:BEN ASX:JBH ASX:AZJ August 2017 Reporting Season

Morgans reporting season candidates for surprise or disappointment

Andrew Tang
Andrew Tang Morgans

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

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


Buy Hold Sell: Shopping in unlikely places

Buy Hold Sell
Buy Hold Sell Livewire

The retail sector has been as soft as an egg. However, a recent survey of Livewire readers showed that many believe the threat of Amazon is overplayed. We’ve taken this lead to go looking for opportunities in a sector that’s on the nose. Show More


Winners, losers and naysayers in FY17

BT Investment Management

There were clear winners and losers in 2016/17, both at an asset class and investment-specific level. Share investments were the place to be but badly timing when to buy and sell could have resulted in very different outcomes. Trump, Brexit, Frexit, Nexit and no exit (in the case of Italy’s... 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

Tax loss selling roadmap

Richard Coppleson
Richard Coppleson Bell Potter

With investors making big profits this year in certain stocks, there will be many investors who will want to offset these profits via selling their losers to lock in their tax losses and thus reduce their tax bill. I have been watching the tax loss phenomenon in the market closely... Show More


3 implications of the hot property market

Livewire Exclusive

Livewire caught up with Giselle Roux, CIO at Escala Partners, to discuss the implications of elevated housing valuations on the wider economy. These include the effect on the retail sector through reduced levels of discretionary income, as well as two other key areas. Show More

retail residential property ASX:HVN ASX:JBH ASX:WES ASX:WOW

Time to buck the trend and grab some JB Hi-Fi?

Michael Gable
Michael Gable Fairmont Equities

We looked at JB Hi-Fi (JBH) last year here in Livewire we and didn’t like the way the chart looked. We expected the shares to fall towards support near $22 and advised investors to stay away. Since our note, Amazon has been in the papers nearly every day and investors... Show More


Why Amazon could BOOST the retail sector

Livewire News
Livewire News Livewire

Martin Currie Australia, an affiliate of Legg Mason, has noted that contrary to some analyst reports, the entry of online retailer Amazon in Australia could boost the domestic retail sector instead of a ‘doomsday scenario’ for the sector. Show More


Six charts that spell bad news for Australia

Livewire News
Livewire News Livewire

This Bloomberg article, ‘Lucky Country getting left behind’, demonstrates the extent to which our market has decoupled the global equity trend, and also the extent of the iron ore slide, the carnage in retail, and the narrowing yield spread. Bets are now increasing for a rate cut… Show More

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Retail on the nose?

Pat Barrett
Pat Barrett UBS Asset Management

This thematic of retail being on the nose is picking up momentum with another three reports in the past week documenting the headwinds for retail tenants and in turn landlords. We do agree with the general thesis and that's why we went underweight the retail sector last year but where... Show More


Sunset Strip > Trading Day Wrap From Blue Ocean 20170509

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Local market fell on the open on weaker commodities before recovering and then running into bank tax rumours taking it down again. Commodities remain weak…China hasn’t turned the corner…value has returned to the sector but the momentum remains weak. Banks have moved from reporting to ex div period…not... Show More

What would a housing crash do to stocks?

Buy Hold Sell
Buy Hold Sell Livewire

The local property market has become Australia's favourite topic of debate. It seems everyone has a view and just last week UBS released a research note calling the top for Australian property. So for equity market investors is this something to be concerned about or is it just making headlines? Show More