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

Microcaps: FY17 in review

Mark Tobin
Mark Tobin Independent Investment Research

While the financial year 2017 may not have been overly pleasing when one looks at the performance of the ASX emerging companies index which returned a dismal -2.3% for the year. A different picture emerges when looking at the performance of active managers in the space. The majority of microcap... Show More

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Seven Group Holdings digs deep

Chris Stott
Chris Stott Wilson Asset Management

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

Ruralco waterworks

Wilson Asset Management

On Wednesday, Portfolio Manager Oscar Oberg attended Ruralco Holdings Limited’s (ASX: RHL) investor site day in Renmark, South Australia. The company showcased its investment in water and rural supplies businesses within the Riverland region. The company also announced a trading update, confirming that earnings in the second half of FY2017... Show More

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