ASX:WES

Beyond earnings torpedoes

Sam Ferraro
Sam Ferraro Evidente

Following its 5% to 10% miss on consensus earnings for 1H, Domino’s fell by around 15% from peak to trough last week. The market has little tolerance for earnings misses from growth stocks. Even after the price decline, the stock is still trading on well above 20 times 12 month... Show More

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See what The CEO's thought of Green Energy, Credit Growth and Urbanisation this week

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

“I don't think there is anything to worry about, even if we do see further falls. I'm not in the business of being able to predict day-by-day or week-by-week movement of industries. But I'm not worried about what we're seeing” Andrew Formica, Co-CEO, Janus Henderson Show More

Avoiding the portfolio ‘torpedoes’

Hugh Dive
Hugh Dive Atlas Funds Management

I have had the “fortunate” experience of having observed both the GFC in 2007-08 and the Tech Wreck in 2001 from the vantage points of helping to manage conservative value-style funds. During these periods the portfolios were populated with companies paying dividends from stable recurring earnings such as TransCanada Pipelines... Show More

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What Mattered Today; Wesfarmers picks a poor day for a poor update

James Gerrish
James Gerrish Market Matters / Shaw and Partners

A day of mixed fortunes for Australia today with Hemsworth and co promoting Aussie tourism with the much anticipated Super bowl ad aired at halftime during the Philadelphia Eagles victory over the New England Patriots…not sure how the wider response has been but I quite liked it – CLICK HERE... Show More

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See what The CEO's thought of Commodities, US Tax Reform and Heavy Industry this week

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

“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S. Some guiding themes are clear and consistent with how we've been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including... Show More

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The long and short of retail stocks

Livewire Exclusive

Tuesday’s underwhelming launch of the Amazon retail platform triggered big jumps in retail stocks led by JB HiFi, which gained 6.7%. Was the previous sell-down overdone? The picture is still far from clear… We recently asked Livewire contributors for their number one pick in the sector; they delivered as many... Show More

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See what The CEO's thought of the US Economy, Tourism & Travel and Commodities this week

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

“There are 4.8 million Airbnb users in Australia and 122,500 active listings, an increase of 40 per cent over last year” Joe Gebbia, Co-founder, Airbnb Show More

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How is Bunnings’ UK expansion progressing?

Livewire Exclusive

There is no substitute for boots-on-the-ground research when researching companies. Greencape puts great emphasis on this process, seeing it as investment and not a cost base. Jonathan Koh shares insights from their trips investigating Wesfarmers’ local and offshore operations, and highlights this not just finds opportunities, but avoids the laggards... Show More

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The Rules of Investing: Valuation with Roger Montgomery

Livewire Exclusive

In the first edition of Livewire’s new podcast, The Rules of Investing, we take a deep dive into one of the most important concepts in investing, valuation. Our guest this week is Roger Montgomery, Founder and Chief Investment Officer of Montgomery Investment Management. Show More

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See what The CEO's thought of the Global Economy, Automotive & Retail this week

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

As part of the NAOS investment process, we pay particular attention to the comments made by company CEOs and business leaders in order to gain a greater understanding of the current investment environment and key trends that may be emerging. Below are quotes from the week which in our view... Show More

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Profiting from a better balance sheet

Rob Tucker
Rob Tucker Chester High Conviction Fund

Removing a company's debt burden can mark a turnaround for the share price, and in this wire, we discuss this and highlight three examples including one currently in play. Show More

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Where to find opportunities in large companies

Clime Asset Management
Clime Asset Management Funds Management & Stock Research

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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Skamvougeras: 6 market insights for Livewire readers

Perpetual Limited
Perpetual Limited Fund Manager

Is Amazon a threat to Woolworths? Can active managers deliver value in large-cap shares? And where are the most defensive earnings on the ASX? Following our quarterly investor update, Perpetual's Head of Equities, Paul Skamvougeras, answered a range of questions from Livewire's editors on current market issues. Show More

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The Supermarket War: Woolies vs Wesfarmers

Buy Hold Sell
Buy Hold Sell Livewire

The fight for supremacy in Australia's supermarkets is a battle that's raged for many years and market cycles, since long before Coles was part of Wesfarmers. Matt Haupt from Wilson Asset Management and Vince Pezzullo from Perpetual share their view on these two ASX giants. Show More

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Sifting Through Fallen Angels

Alex Shevelev
Alex Shevelev Forager Funds

Buying unloved stocks is part of the DNA at Forager. Most of the funds’ excess returns over almost eight years have come from buying stocks that other investors hated at the time we acquired them. Think Service Stream in 2013 or Cardno in mid-2016. Show More

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Unsung heroes of the income investor

Livewire Exclusive

Woolworths, BHP, and Telstra have cut dividends in recent years, and the long-term sustainability of dividends from other leading stocks is under scrutiny. So Livewire asked three experts to share an example of a company that offers diversification away from ‘traditional’ income stocks - and provides a sustainable yield. Read... Show More

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The biggest month of dividends ever paid

Richard Coppleson
Richard Coppleson Bell Potter

Dividends for FY16 (ie dividends paid from Nov 2015 until Oct 2016) totaled $72.7billion. But for FY17, they have increased by +7.2% to $77.9 billion. So shareholders will have received an extra $5.2 billion in cash in the last 10 months, and over the next 2. That comes despite the... Show More

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Are the supermarkets a better bet than their landlords?

James Gerrish
James Gerrish Market Matters / Shaw and Partners

Both areas of the market offer reasonable yields, the Supermarkets are fully franked, the landlords aren’t however the main question should be around earnings and importantly, the outlook for those earnings over the foreseeable future. Show More

Wesfarmers Full Year Result: WES lifts profits thanks to Bunnings & coal business

CommSec
CommSec Online Stockbroker

Wesfarmers (WES) posted a largely in-line with consensus 22.1% lift in annual profit (excluding significant items) to $2.73bn. The result was driven by a lift in earnings at its Bunnings stores and a return to profitability for its coal mining business, thanks to the surging price of the commodity. This... Show More

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First Impressions from Reporting

Bell Potter
Bell Potter Stockbroker

In this daily reporting season update, we provide first impressions on key takeouts from companies reporting today, including QBE Insurance (QBE), ASX (ASX), Wesfarmers (WES), Cochlear (COH), Telstra Corporation (TLS), Mirvac (MGR), Tatts Group (TTS), Treasury Wine Estates (TWE) and Adelaide Brighton (ABC) with links through to more detailed reports. Show More