ASX:WAM

Wilson Asset Management weekly: Mantra and Swift

Chris Stott
Chris Stott Wilson Asset Management

The S&P/ASX All Ordinaries Accumulation Index closed up 1.9% for the week. On Thursday, Australian shares closed at their highest level in three-and-a-half months, led by a rally in the big four banks. The Westpac-Melbourne Institute index of consumer sentiment rose 3.6% in October, representing the highest level recorded in... Show More

Ten high yielding LICs

Peter Rae
Peter Rae Independent Investment Research

In its latest LMI Monthly Update, Independent Investment Research takes a look at the ten highest yielding listed investment companies in its coverage and also considers the sustainability of dividends. We also discuss and provide our views on some recent events within the LIC space. Refer to our report below... Show More

Listed Managed Investments: Quarterly Review

Peter Rae
Peter Rae Independent Investment Research

In its latest Quarterly LMI Market Review, Independent Investment Research (IIR) provides detailed coverage of 39 listed investment companies, listed investment trusts and Active ETFs including commentary, investment views and ratings. We look across a number of sectors and investing strategies and provide insight into performance, discounts and premiums to... Show More

Wilson Asset Management weekly: Afterpay and Boral

Chris Stott
Chris Stott Wilson Asset Management

The S&P/ASX All Ordinaries Accumulation Index closed up 0.4% for the week. On Tuesday, National Australia Bank’s (ASX: NAB) monthly survey found business conditions reached their highest level since 2008, with business sentiment improving across most industries in August. The Westpac Melbourne Institute Index of Consumer Sentiment, released on Wednesday,... Show More

LIC Reporting Season Wrap – Dividends Hold Up

Peter Rae
Peter Rae Independent Investment Research

For the reporting season just finished there were 24 listed investment companies covered by Independent Investment Research that reported full year results. Out of this 24, there were 14 LICs that experienced earnings declines. This reflected lower dividend income, particularly for those LICs that have capital account status, and also... Show More

Wilson Asset Management weekly: Noni B and Reliance

Chris Stott
Chris Stott Wilson Asset Management

Overall the reporting season, which concluded on Thursday, was mixed, with a number of companies falling short of market expectations. Companies trading on high price-to-earnings ratios struggled, notably Domino’s Pizza (ASX: DMP) and Corporate Travel Management (ASX: CTD). The defensive sectors had one of their worst reporting periods in a... Show More

Wilson Asset Management weekly: BHP and iSelect

Chris Stott
Chris Stott Wilson Asset Management

The third and busiest week of reporting season saw strong performance from the mining services sector, while most companies continue to provide subdued outlook statements reflecting current economic conditions. Overall company results have not met the market’s expectations invoking strong reactions from investors in some cases. In this week's report... Show More

Wilson Asset Management weekly: Origin Energy and SG Fleet results

Chris Stott
Chris Stott Wilson Asset Management

As reporting season continues this week we have seen many companies provide conservative outlook statements for the year ahead, confirming a backdrop of moderate earnings growth. Among the themes to emerge is companies reinvesting into their businesses to drive growth in a relatively anaemic economic environment. In this week's report... Show More

Large cap LICs outperform small caps in FY17

Peter Rae
Peter Rae Independent Investment Research

In its latest LMI Monthly Update, Independent Investment Research looks at the performance of the LIC sector over the 12 months to 30 June 2017. The Australian large cap share focused LICs benefited from solid market performance over that time with the five largest LICs delivering an average portfolio return... Show More

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Five LICs at a discount to NTA

Peter Rae
Peter Rae Independent Investment Research

In its latest LMI Monthly Update, Independent Investment Research takes a look at why listed investment companies trade at discounts and premiums to net tangible asset value. We also take a look at five LICs that are currently trading at large discounts to NTA, look at some of the reasons... Show More

Pay day for Capitol Health

Chris Stott
Chris Stott Wilson Asset Management

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

Finding value amongst small-cap LICs

Peter Rae
Peter Rae Independent Investment Research

Small-cap shares have underperformed the broader market over the past 12 months and, on some metrics, the sector appears reasonable value. However, investing in small-caps can be a riskier proposition and in recent weeks a number of small-cap company share prices have been hit hard by revenue and earnings downgrades.... Show More

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CEO INSIGHTS – Week Ending 2 June 2017 by NAOS Asset Management

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

"Backdoor listings are problem in Australia. There are some examples – Vocus is the only one people keep quoting – where it's worked. But they were a pretty big company by the time they listed, which is different than effectively backdoor listing a start-up because it can't raise money any... Show More

Future generation stock ideas are outperforming

Alex Cowie
Alex Cowie Livewire Markets

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
Matthew Haupt Wilson Asset Management

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