Profit warnings and profit upgrades in 2017

Richard Coppleson

Of the profit warnings this year, 81% of them have been "downgrades". I have found some really interesting observations that I’ll mention through this note that are worth being aware of, before then discussing the main 15 "Positive" Profit Warnings in 2017. Show More

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Buy Hold Sell: The Dogs of FY17

Buy Hold Sell

After reviewing the stocks that shot the lights out in FY17, this week we turn the tables and look at 5 widely held stocks that dragged the market down, the worst of which has more than halved in price. We ask if the companies currently in the ‘dog-house’ will keep... Show More


Sunset Strip > Trading Day Wrap From Blue Ocean 20170523

Mathan Somasundaram

Local market jumped up on the global optimism before fading into a negative day on the back of terror attack in UK and US budget requests. The best performers were Gold, IT and Retail while Banks, Miners and Telcos were the worst performers. Since the start of Q2, we have... Show More

SHIELD (Sustainable High Yield) > April 2017 Update

Mathan Somasundaram

Market continues to chase sustainable yield in a market with growth risks. SHIELD continues to outperform the market despite a rising bond yield outlook by picking premium quality sustainable yield ideas at reasonable value. Show More

What can you learn from broker research?

Livewire Exclusive

The consulting firm Quinlan and Associates recently estimated that brokers publish over 40,000 research reports globally each week. With reporting season in full flow now and for the next few weeks, this number may even feel on the low side. With research flow peaking we asked Rudi Filapek-Vandyck from FNArena,... Show More

ASX:BXB ASX:VRT ASX:OFX ASX:ACX February 2017 Reporting Season

Alarm Bells Ringing – How to navigate a results season punctuated by profit warnings

Marcus Padley

OzForex (OFX) and GBST (GBT) have both had profit warnings - both are down 19% in a day. Aconex (ACX) fell 45% in a day on a profit warning earlier the same week. It is a $1.1bn stock (was $2bn). The alarm bells are ringing. In the same week, we... Show More

High PE stocks – should we avoid them?

James Gerrish

We talked about high PE stocks this morning with the view to being very cautious around that part of the market. That said, there were still a number of them that are on our radar and indeed a few that we currently own. There’s no sugar coating it, this part... Show More

SHIELD - Sustainable High Yield | Yield trade keeps outperforming

Mathan Somasundaram

Global markets continue their positive momentum into 2017 on-the-back of the recovery in the US and stability in China, however stretched valuations around the markets are expected to weigh on sentiment over the next few weeks. An improving outlook for interest rates and strong commodity prices has driven a better... Show More

SHIELD - Sustainable High Yield | Death of yield trade is overblown

Mathan Somasundaram

Global markets continue their positive momentum on-the-back of the strength of the recovery in the US and China, however stretched valuations are starting to weigh. The improving inflation outlook and US Fed rate hike expectations have driven the bond yields higher. An improving outlook for interest rates and strong commodity... Show More

SHIELD – Sustainable High Yield | Banks back in fashion

Mathan Somasundaram

Global market worries are all about US presidential election in the short term while Italian referendum and US Fed rates cycle are the next road blocks ahead. The potential end of easing cycle locally and the rate hike in US will support the yield outlook in the Australian banking sector... Show More

One place to find structural growth

Fidelity International

“Disrupters are a source of structural growth. They are those companies that are using innovation and technological advancement to disrupt current market players, current industries and drive a different type of growth than cyclical or economic growth.” In this video series, Alva Devoy, Investment Director at Fidelity International introduces six... Show More

August 2016: The month ahead in meetings

Avatar fallback

While reporting season is the theme for August, the shareholder meetings continue including AGMs for James Hardie, Metcash, OzForex Group and Thorn Group; scheme meetings for Ausenco and Patties Foods; shareholder-requisitioned EGMs to remove and appoint directors for McAleese and Rision Ltd...and three backdoor listings in the tech space. You'll... Show More

Podcast with Richard Kimber, CEO of OFX

Chris Titley

In the latest episode of the Morgans Startup Series, I spoke with Richard Kimber from OFX (ASX Code: OFX). OFX are one of Australia's great technology success stories, enabling clients to easily transact foreign exchange via the internet. Richard discusses the history of the business, some key technology trends and... Show More

On the ground at the Macquarie conference

Glennon Capital

WeWe attended Macquarie’s annual conference this week and saw many companies present. One of the key themes that came out of the event was the growing importance of data. Data is becoming a key currency in the digital world, and data conscious companies are seeing greater opportunities in their business,... Show More

Buy Hold Sell: Hot stocks in technology

Buy Hold Sell

High prices, high growth, and sometimes high risk; technology stocks are a divisive topic. There was a time when investors could feel free to ignore technology investment and assign it to the ‘too hard basket’, but with even Warren Buffett making his first technology investment, it’s getting hard to ignore.... Show More

OzForex terminates takeover discussions with Western Union

Livewire News

OzForex announced to the ASX this morning that they have terminated discussions with Western Union regarding the takeover offer received in November last year. The company said in its announcement: “Although discussions continued for some months, Western Union has not submitted a binding proposal. Accordingly, the Board of OFX has... Show More


How to find the next OzForex for Investment?

Kent Kwan

OzForex just announced that it has received a takeover proposal from Western Union at $3.50 – $3.70 per OzForex share. This values OzForex at up to $888 million or the equivalent of nearly 33x market forecast earnings for FY2016. When OzForex floated two years ago at $2.00 per share, it... Show More

ozforex international equities australian equities ASX:OFX

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Business sustainability, duration and moats

Schroders Australia

The best businesses I’ve ever invested in worry about their duration and moat as much as their growth. Managers who concern themselves with duration are likely to create more value through market share gains. Gaining growth via market share is always a more sustainable strategy than raising prices as it... Show More

australian equities ASX:DMP ASX:FXJ ASX:REA Longform ASX:OFX

Growth vs Value – Are fortunes changing?

Bennelong Funds Management

‘Growth equities’ (or long duration stocks) has been a strongly performing strategy for the past five years, easily outperforming the other dominant fundamental style of ‘value’. Much of this outperformance has been driven by the fact that a declining risk-free rate favours long duration assets over short duration assets. With... Show More

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