Resurrection or Crucifixion: Themes for the Australian Results Season

Marcus Padley

Here is the ASX 200 results calendar - the results season is still a couple of weeks away. As usual, it is a best endeavours calendar, some companies simply don’t set a reliable date. The big companies generally do. Show More

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The Private Equity ‘Wall Of Money’

Luke Cummings

A recent market report from Pitcher Partners found that M & A activity in 2017 increased 55% compared with the prior year, with numerous industry players such as Morgan Stanley, KPMG, and more all suggesting that M & A activity is showing no signs of slowing down just shy of... Show More

Are Investors Missing Out On The M&A Boom?

Luke Cummings

A recent article from Tony Boyd in the Australian Financial Review shone a light on just how active the domestic Australian market has been for M & A activity in 2018. Our last Livewire submission seven months ago touched on a few key things to look out for when trading... Show More

What Mattered Today; Santos - whats it worth now?

James Gerrish

The index was choppy early, edging higher in the first hour before heading lower from at around 11am onwards which coincided with Santos resuming trade after snubbing the harbour bid. It was the real estate names that supported the market once again today with 7 of the top 8 performers... Show More


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Investing In Oil Price Momentum, And Other Twists

Rudi Filapek-Vandyck

It is a fact not often highlighted by investors in energy and mining stocks, but financial market participants tend to treat producers of crude oil and natural gas more favourably than they do mining stocks. Show More

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What Mattered Today; G8 Education cops some heat

James Gerrish

A bullish day overall despite the market only adding +9pts, it was the strong move up from the daily lows (+34pts) that caught the eye - CBA interesting here and its starting to look reasonable from a technical standpoint as it enters a seasonally strong period (as discussed in the... Show More


What Mattered Today; Understanding the Santos bid

James Gerrish

The market was sold hard early today with the SPI Futures unwinding down around 50pts before buyers really stepped up into the low volume post Easter trade – so although we closed in the red (only just) the market did rally +27points from the daily cash lows with some big... Show More


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15 stocks to watch following reporting season

Alex Cowie

The chaos of reporting season makes a good case against markets being efficient. It will take weeks, if not months, to fully parse the recent data download of many hundreds of reports, and to also process views gleamed from the ensuing company roadshows. Reporting season can thus generate a long... Show More

Santos: The barrel is more full than empty

Romano Sala Tenna

Whilst abnormal losses flagged in the first half pulled the statutory profit into the red, Santos’s core Net profit after tax (NPAT) at US$336m was 5% ahead of our forecast of US$323m. It was also above January analyst consensus forecasts, but these were subsequently revised upwards to US$348m leading into... Show More

ASX:STO What the market missed

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Outlook 2018: Aussie equities - positioning for the economic upswing

Paradice Investment Management

After years of incredibly easy monetary policy globally we are finally amid a synchronised global economic recovery the likes of which we have not seen in over a decade. Show More

Earnings Chicanery - how companies "dress up" their results

Hugh Dive

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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The best kept secret in Paradice

Livewire Exclusive

For many investors Paradice Investment Management is synonymous with high-performing small cap funds. What most wouldn’t know is that Paradice is also home to an Australian large cap portfolio that was opened in 2007. The strategy, which was closed shortly after inception due to overwhelming investor interest, has delivered in... Show More


See what The CEO's thought of Housing, Fitness and the Digital Wallet this week

NAOS Asset Management

“I don't see any sign of slowdown in the ability to digitize cash. I think the best description an analyst had coming off of our Investor Day was something like, I like Visa because they have a weak competitor called cash” Vasant Prabhu, CFO, Visa Show More


How we are playing Santos  

Romano Sala Tenna

The chronology of events this past 24 hours is rather curious and provides somewhat of a conundrum as to how to play the current machinations. Santos has stated today that on the 14th of August the company received a confidential, non-binding, conditional and indicative proposal to acquire all the shares... Show More

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Wilson Asset Management weekly: Slick Santos result

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed up 1.4% for the week. On Tuesday, minutes from the Reserve Bank of Australia (RBA) gave no indication as to when the central bank would raise the cash rate, despite growing market expectations of tighter policy next calendar year. On Thursday, data from... Show More


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Where to find opportunities in large companies

Clime Asset Management

There is so much confusion about the stocks in the ASX’s large-caps index, the ASX 50. Some investors see them as ‘blue-chips’ by virtue of their size and longevity, and thus see them as long-term portfolio holds. Others think the ASX 50 is largely useless: a motley, concentrated index of... Show More

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Get ready to buy the dip in Santos

Michael Gable

Sentiment towards Santos has improved a great deal recently. The company has reduced costs and the price of oil seems to have stabilised for now. The interim update in August even managed to beat expectations. Show More

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Santos: The trend has turned

Romano Sala Tenna

In the true tradition of denial, we have maintained our position in Santos, and in fact, have added a modest amount over the past 12 months. Whilst it has been a particularly challenging period for both the company and investors, there are growing signs that the ship has been righted... Show More


Executive Series : Santos (STO) CEO & Managing Director, Kevin Gallagher


In this short video we discuss the features of STO’s first half of operations, which saw the group report an underlying profit of US$156 million compared to an underlying loss of $5 million a year earlier and a net loss of US$506 million, which included a previously announced US$689 million... Show More

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First Impressions from Reporting: STO, SCG, S32, OZL, MYO, FLT

Bell Potter

In this daily reporting season update, we provide first impressions on key takeouts from companies reporting today, including Santos (STO), Scentre Group (SCG), South32 (S32), OZ Minerals (OZL), MYOB Group (MYO) and Flight Centre (FLT) with links through to more detailed reports. Show More