earnings

In Five crucial facts the mainstream has ignored (23 April), I demonstrated that “Australian equities have entered an earnings depression – and the market has...

Most articles we read are about hot stock tips to buy. Occasionally there are articles about “shorting” opportunities, albeit most are directed to sophisticated...

If you’ve been following the news – which, two of my recent posts concluded, is a mistake! – for the past six months or more, you’ll be forgiven for thinking that the...

As we’ve highlighted in the two previous quarterly asset allocation valuation publications, (pretty much) everything is expensive. Abundant liquidity has pushed...

Shane Oliver’s recent article (9 keys to successful investing - and why they are more important than ever amid COVID, 15 October) summarises “nine key things for...

Despite the continued earnings downgrades and dour corporate outlook statements, investors have clearly chosen to ‘look through’ 2020 towards a post COVID-19 world...

In the current market environment, finding companies with above market earnings growth over the medium-term with numerous positive catalysts is becoming increasingly...

In our view, small cap investors are short-term focused - they look to the next earnings report to dictate their buy and sell decisions. We believe investors’ primary...

The outlook for investors has changed dramatically since the start of the year and will likely continue to shift moving forward. The associated shocks of the severe...

Looking back on the start to 2020, it's hard to know where to begin. In Australia, the widespread and devastating bushfires had barely been extinguished by damaging...

A few weeks ago in part one of this series, we suggested that this was a unique supply side event where Central Bank liquidity couldn’t redress the major issues of a...

E (earnings) — This 'E' is going to be one of the key market drivers as we transition 2020. The year is drawing to a close and investors have been leaning a little...

Australian small cap stocks have failed to live up to their potential in recent times. By definition, small cap companies are generally at an earlier stage of their...

Safran (SAF FP; €60B Market Cap) is a world leader in production and maintenance of aeronautical engines and equipment. Its 50/50 joint venture with GE, CFM, builds...

In early August, we made the decision to move tactically underweight equities. Adopting a more cautious stance is perhaps not surprising given this is...

In our first monthly letter for the year, we highlighted that 2018 was unlikely to be a ‘set and forget’ year for investment strategy. As we approach the second half...

“In the short run the market is a voting machine but in the long run it is a weighing machine.” Benjamin Graham The father of value investing, Benjamin Graham,...

Over the past quarter, much of the small-cap index outperformance over large caps has been due to the excellent returns of small resource companies. Given their...