Business Insights Across the Market

NAOS Asset Management

“Right now, there’s no question: It’s feeling strong. I mean, if we’re in the sixth inning, we have our sluggers coming to bat right now. Right now, business is good. There’s no question about it” Warren Buffet, Chairman, Berkshire Hathaway Show More


Better than Westfield

Livewire Exclusive

It may surprise you, but the assets within Asia’s listed property trust are as good, if not higher, quality than those found within Australian REITS, says Corrine Ng from APN Property. To test this she looks at how Westfield stacks up against an Asian peer. Watch the video below to... Show More

Westfield shareholders have little to fear and much to gain

Michael  Doble

In December last year, Unibail-Rodamco (a major European listed property trust) made an offer to purchase Westfield Corporation. The offer to Westfield shareholders is based on a combination of cash and Unibail shares and Australian investors will be able to invest in the merged entity in the form of units... Show More

retail areits ASX:WFD commercial property australian retailers

Are you getting a fair price for your Westfield shares?

Michael  Doble

Westfield investors have a big decision to make. Should they approve or reject one of the biggest corporate transactions the Australian Real Estate Investment Trust (AREIT) market has ever seen? Show More

retail westfield ASX:WFD commercial property Unibail-Rodamco AMS:UL

Key themes and takeaways from AREIT reporting season

Mark  Mazzarella

It was a solid reporting season for the AREIT sector. In this wire, we review the performance, pull out the key themes to emerge, and identify ten specific takeaways from the retail, office and industrial sectors. Show More

Business insights across the market

NAOS Asset Management

“The United Nations Food and Agriculture Organisation estimates the world’s demand for food by 2050 will need a 60 per cent increase in the amount of food currently available. Australia is well placed to become one of the world’s great food bowls. The opportunity is huge” Sam Sicilia, Chief Investment... Show More


Four reasons why Unibail may be a better investment than Westfield

Michael  Doble

Westfield shareholders have a big question to answer. In December 2017, Unibail-Rodamco (UL:NA UL:FP), a major European listed property trust, made an offer to purchase Westfield Corporation (ASX:WFD), based on a combination of cash and Unibail shares. Show More

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What the Westfield sale means for investors

Michael  Doble

On Tuesday, Unibail-Rodamco (AEX:ULA) announced it had entered into an agreement to acquire all of the outstanding shares in Westfield Corporation (ASX:WFD). This is Australia’s biggest ever acquisition, worth $32bn, and has naturally received widespread commentary. Show More

Croquettes and Duck Confit for Westfield

Hugh Dive

This morning European property company Unibail-Rodamco announced that it had entered into an agreement to acquire Westfield (WFD) to create a global developer and operator of flagship shopping centres in the US, UK, the Netherland and France. This deal values WFD at A$33 billion, or at a price earning multiple... Show More


What Mattered Today: Why we own FMG

James Gerrish

The local market opened with strength this morning with buying in all key sectors, obviously spurred on by the takeover of Westfield, however we also saw good leads from overseas markets with the financials leading the charge overnight. All going well until US Futures took a hit mid-afternoon following news... Show More


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Follow the Lowys - The smart money always has....

Winston Sammut

Once again, Sir Frank Lowy, has surprised the market and undertaken a transformational deal that shows the 87-year-old has not lost any of the midas touch that has been a hallmark of his stellar career since Westfield first listed on the ASX in 1960. Show More

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What Mattered Today: Property - what crash?

James Gerrish

Finally, a day that saw the market close near the highs of the session and importantly, above the 6000 mark for the first time in around 12 days. Some good buying in the unloved REIT sector following speculation of a deal for Westfield which went into a trading halt early... Show More


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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Are the supermarkets a better bet than their landlords?

James Gerrish

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

CEO Insights from Steven Lowy, Peter Coleman & Francisco Irazusta

NAOS Asset Management

“The retail industry is changing rapidly, due to technological and social changes. With an elevated level of store closures, largely amongst underperforming brands that have lost relevance with the consumer" Steven Lowy, Co-CEO, Westfield Corporation Show More


Westfield Half Year Result: WFD turns focus to flagship stores & technology to grow profits


After spinning off its Australian and New Zealand management businesses into a separate organisation (Scentre Group), Westfield Corporation is now primarily focussed on operating and building shopping malls in the US and the UK. The group reported a net profit of US$588.9 million in the first half year, an increase... Show More

First Impressions from reporting

Bell Potter

In this daily reporting season update, we provide first impressions on key takeouts from companies reporting today, including Stockland (SGP), CSL (CSL), Woodside Petroleum (WPL), Computershare (CPU), Origin Energy (ORG), Seek (SEK), Dexus Property Group (DXS), Sonic Healthcare (SHL), Iluka Resources (ILU) and Westfield Corp (WFD) with links through to... Show More

Will shopping centres go the same way as Channel 10?

Pat Barrett

The voluntary administration of Channel 10 is tangible evidence of the evolution of the media sector, with the station’s reliance on the younger demographic challenged by social media, YouTube, online streaming and pay TV. The days of a family sitting in the same room to watch TV are long gone,... Show More


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3 stocks in the firing line

James Gerrish

As we consider different areas to allocate funds into the current market weakness potential tax loss selling should definitely be considered as June slowly evolves. The ASX200 is up almost 6% for the calendar year hence there will not be the number of candidates which would typically be available in... Show More

Is Westfield now cheap enough to buy?

Michael Gable

In a recent research report to clients, we took a fundamental and technical look at Westfield Corporation (WFD). With the stock having fallen from $11 to the low $8’s in less than a year, could this be an opportunity to buy a top 20 stock in a market where valuations... Show More