Successful thematic investing is not just about correctly identifying long term structural trends but also positioning yourself early to take advantage of them as they unfold. We have identified several positive structural changes occurring in India that make it a very attractive opportunity for thematic investors. This long-term opportunity drives... Show More
Valuations provide investors with a margin-of-safety when investing. However, what appears cheap for one, may not be so cheap for another. The most commonly used measure, particularly where earnings are transparent and sustainable, is the Price-to-Earnings ratio i.e. what price am I paying for the future earnings potential of a... Show More
Every investor wants capital and dividend growth, but it’s easy to forget about risk. So far this reporting season, right or wrong earlier calls about risk are making all the difference to investor returns. Amongst the medium to large companies of interest to most investors, some large shifts in risk... Show More
Earlier this month we published a wire on JustKapital Litigation Partners (ASX:JKL), and shared our view that the company has an enormous growth opportunity in front of it, is led by impressive management and remains significantly undervalued. On Friday JKL announced that the acquisition of Macquarie Medico Legal (MML) is... Show More
Treasury Wine Estates (ASX: TWE) announced yesterday that its half year earnings have exceeded expectations, with pre-tax earnings in the six months to December expected to be between $140 million and $150 million, above market expectations of $120 million. TWE CEO Michael Clarke said the company’s Asia business performance was... Show More
Sustainable earnings growth is the rarest of commodities, with one recent note highlighting that the vast majority of stock price increases over the past 4 years have been due to PE expansion. Show More
As the ASX 200 hovers around the 5,500 level, John Abernethy speaks with Philip Baker from The Australian Financial Review explaining that price rallies in local share market are unsustainable unless there is a growth in earnings or if Australian dollar falls. International currency markets will only sell down the... Show More