ASX:WAX

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

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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Large cap LICs continue to benefit from strong market

Peter Rae
Peter Rae Independent Investment Research

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
Independent Investment Research 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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Helloworld's flying upgrade

Chris Stott
Chris Stott Wilson Asset Management

On Friday, Helloworld Limited (ASX: HLO) announced an upgrade to its current earnings guidance with earnings before interest, tax, depreciation and amortisation (EBITDA) up from $47 to $51 million to between $52 and $55 million on the back of approximately $5.8 billion of total transaction value (TTV). Helloworld said that... Show More

Do options provide LIC investors with value?

Peter Rae
Peter Rae Independent Investment Research

Since January 2013 there have been 30 new listed investment companies (LICs) join the ASX. Each of these LICs issued investors with options as part of the initial public offer (IPO). In most cases, investors received one ‘free’ option for each share, although there were some offers where the ratio... Show More

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Nufarm FY2017 half year results

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Wednesday, agricultural chemical company Nufarm (ASX: NUF) announced its FY2017 half year results, with revenue up 15% on the previous corresponding period and underlying earnings before interest, tax and amortisation (EBITDA) also up 15% to $128.7 million. Despite tough operating conditions, Nufarm benefitted from new product launches, market share... Show More

Reckon – proposed demerger

Chris Stott
Chris Stott Wilson Asset Management

On Friday, software company Reckon (ASX: RKN) announced a proposed demerger of its document management division, which currently represents approximately 15% of 2016 group turnover, with shares to trade on the AIM Market of the London Stock Exchange (AIM). The board of directors said the proposal will place Reckon in... Show More

Listed Managed Investments: Quarterly Review

Peter Rae
Peter Rae Independent Investment Research

(LICs), listed investment trusts (LITs), and exchange quoted managed funds (EQMFs). At 31 January 2016, there were 96 LICs and LITs on the ASX, with a collective market capitalization of $ 31.6B. There are a number of new LICs in the pipeline including URB Investments, Contango Global Growth, Plato Income... Show More

WAM Research upgraded to Highly Recommended by IIR

Peter Rae
Peter Rae Independent Investment Research

Independent Investment Research (IIR) has upgraded its rating for WAM Research (ASX:WAX) to Highly Recommended. The upgrade recognises WAX’s highly experienced investment team, strong record of outperformance since inception in 2003 and delivery of its objective to provide a growing stream of fully franked dividends. We consider WAX to be... Show More

AUB Group to grow

Matthew Haupt
Matthew Haupt Wilson Asset Management

On Monday, insurance broking outfit AUB Group (ASX: AUB) announced its half year results, reporting a 12.7% increase in adjusted net profit after tax (Adjusted NPAT) to $14.5 million and a 15% increase in revenue from ordinary activities to $121.8 million. We expect to see continued growth in AUB which... Show More

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Master of its Class

Chris Stott
Chris Stott Wilson Asset Management

On Wednesday, superannuation software company Class Limited (ASX: CL1) reported its half year results, with net profit after tax of $3.6 million, up 28% on the prior corresponding period. The company said the increase in profit was driven by continued growth in the Class Super product and a record increase... Show More

LICs hold dividends steady despite lower profits

Peter Rae
Peter Rae Independent Investment Research

In our latest Monthly LMI Update, Independent Investment Research looks at performance across the listed investment company (LIC) sector. With company reporting season underway, a number of the large cap focused LICs have already reported their earnings results. A general theme running through these results is that reported earnings are... Show More

Oneview one project at a time

Chris Stott
Chris Stott Wilson Asset Management

On Monday, ASX-listed Irish healthcare company Oneview Healthcare Limited (ASX: ONE) announced a pilot project to measure the impact of a new electronic patient care pathway for prostate cancer patients. The collaborative project, with partners including the University of Oxford, is expected to commence in March 2017. The company said... Show More

Integrated's positive diagnosis

Wilson Asset Management

Also on Wednesday, software diagnostics company Integrated Research Limited (ASX: IRI) released first-half FY17 earnings guidance. For the six-month period, the company said it expects to report revenue between $42.3 million and $44.0 million, up from the $39.4 million the previous year. The company advised the market that it expects... Show More