10 high yield LICs

Peter Rae

In its latest LMI Monthly Update, Independent Investment Research takes a look at the recent listed investment company reporting season which saw a majority of LICs report higher earnings and many pay higher dividends to their shareholders. We also highlight the top 10 yielding LICs under our coverage and discuss... Show More

Sectors and stocks on our radar right now

Chris Stott

Expectations of accelerated interest rate rises sent equity markets into a tailspin in February, impacting the first quarter and setting the tone for the calendar year. The good news is that it’s not all doom and gloom and investors can look to the media and retail sectors for opportunities over... Show More

Wilson Asset Management weekly: Origin and Appen

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed up 0.2% for the week. The Australian market again breached the 6,000 mark on Wednesday, while the US market continues to make all time record highs. The surprise announcement of a banking royal commission by the federal government on Thursday weighed on the... Show More


Themes and stocks from the WAM Funds’ portfolios

Patrick Poke

At today’s WAM Funds presentation, Chief Investment Officer, Chris Stott, shared some of the key themes and holdings from their current portfolio. He covers their views on the Australian economy, mining services, and retail. He also discusses a company that hadn’t received a visit from an analyst in two years. Show More

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Wilson Asset Management November 2017 AGM & Shareholder Presentations

Wilson Asset Management

We're pleased to bring you the Wilson Asset Management investor presentation live from Sydney. A live stream of the AGMs and Shareholder Presentation will commence on Wednesday the 29th of November at 8:30am. The Wilson Asset Management investment team will provide an overview of the market, highlight interesting industry trends... Show More


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Wilson Asset Management weekly: Mineral Resources and Boom Logistics

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed up 0.4% for the week. The resources and mining services sectors continue to drive the market higher. Show More


Wilson Asset Management weekly: Woolworths and PSC Insurance Group

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed up 1.0% for the week. On Wednesday, investors celebrated 10 years from the peak of the Australian equity market with a solid day's trade that sent the All Ordinaries Index past the 6,000 point mark for the first time since the Global Financial... Show More


30 years from the '87 Crash

Geoff Wilson

It was Monday, 19 October 1987, and I thought the world of finance was ending. I remember the feeling like it was yesterday. I was a 29-year old stockbroker, living and working in New York, witnessing the biggest market meltdown since the crash of 1929. Show More


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How do microcap managers perform in the long-term?

Mark Tobin

Active microcap managers demonstrated in FY17 that this part of the stock market can be a great alpha generator for managers (and their investors). In this wire, we ask how they have stacked up against their benchmarks over 3, 5 and even 10 years... Show More

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Seven Group Holdings digs deep

Chris Stott

On Wednesday, Seven Group Holdings’ (ASX: SVW) shares were bolstered after heavy machine maker Caterpillar announced strong sales and revenue figures and a positive outlook statement with its second quarter earnings report in the US. Seven Group owns WesTrac, which is the authorised dealer of Caterpillar equipment in New South... Show More


Opportunities in oversold Fairfax

Matthew Haupt

On Monday, takeover target Fairfax Media Limited (ASX: FXJ) announced that private equity firms TPG and Hellman & Friedman withdrew their bids for the company. We took advantage of the share price weakness to increase our holding in FXJ this week. Show More


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Pay day for Capitol Health

Chris Stott

On Thursday, Capitol Health Limited (ASX: CAJ) announced the sale of its NSW assets to I-Med Radiology Network for $81.5 million which is more than 8.5 times expected FY17 earnings before interest, tax, depreciation and amortisation (EBITDA). We believe Capitol Health’s strong balance sheet and high cash levels will provide... Show More


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Small caps firing up again?

Livewire Exclusive

May 2017 marked the first month since September 2016 that the Small Ordinaries Accumulation Index outperformed large caps. Livewire reached out to six small cap specialists to ask: “Is this a turning point”? The consensus seems, with some terms and conditions, to be: “Yes”. Read on for responses from Wilson... Show More

Future generation stock ideas are outperforming

Alex Cowie

A cohort of Australia’s leading fund managers gathered at the 2017 Future Generation Investment Forum two weeks ago, each presenting their top stock idea. A clear trend is already emerging in the domestic stocks mentioned. While the broader market has pulled back 2.2% since the Forum, this group of stocks... Show More

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Flight Centre on the right flight path

Matthew Haupt

On Thursday, Australia’s largest travel agent Flight Centre Travel Group (ASX: FLT) presented at the Macquarie Conference. The company reaffirmed their FY17 guidance of $300m to $330m underlying profit before tax, down 7-15% on the previous corresponding period, which had been impacted by declining prices in international airfares over the... Show More


Large cap LICs continue to benefit from strong market

Peter Rae

In its latest Monthly LMI Update, Independent Investment Research looks at listed investment company performance over the March 2017 quarter. The Australian large cap focused listed investment companies benefited from the solid market performance over the quarter with the five largest listed LICs delivering an average portfolio return (pre-tax NTA... Show More

How to identify outstanding LICs

Independent Investment Research

Listed Investment Companies (LICs) have enjoyed somewhat of a renaissance ever since the Future of Financial Advice (FOFA) reforms levelled the playing field with unlisted trusts. In the last four years, 42 new LICs have been listed, bringing the total combined market capitalisation for all LICS to $31 billion at... Show More

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Merged Janus Henderson Investors to surge

Matthew Haupt

On Monday, Henderson Group PLC (ASX: HGG) announced an update on its proposed merger with Janus Capital Group. Janus Henderson Investors expects to have a combined market capitalisation of c.US $5.6 billion, with Henderson holding approximately 57% of the merged group and Janus approximately 43%. The Dai-ichi Life Insurance Company,... Show More


Woolworths' fresh results

Matthew Haupt

On Tuesday, Woolworths Limited (ASX: WOW) announced its half year results, reporting sales growth in its Australian Food category of 2.8%, an increase from 1.9% on the prior corresponding period and in line with expectations. CEO Bradford Banducci has been concentrating on the core grocery network, repairing operational issues, and... Show More


Up to the Challenger

Matthew Haupt

On Tuesday, investment management firm Challenger Limited (ASX: CGF) announced its half year results. The Company reported a normalised net profit after tax (NPAT) of $197 million, up 8% on the prior corresponding period and a 12% increase in assets under management to $64.7 billion. The Company has continued to... Show More