Large Caps

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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Telstra's Trump moment

Daniel Mueller
Daniel Mueller Vertium Asset Management

Prior to Telstra's FY17 result, media articles abounded speculating the company was going to announce the securitisation of its recurring NBN payments. The media cited various analyst reports that a securitisation of up to $18 billion was about to create a capital management bonanza for shareholders. Show More

Vicinity Centres board embarks on share buy-back

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Shares in retail real estate investment trust (REIT), Vicinity Centres (ASX:VCX), rallied in July, supported by an upward revaluation of its property portfolio and the announcement of a share buy-back. Show More

Nufarm sows seeds for future growth

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Recent dry weather conditions in the United States have weighed on global agricultural stocks, providing us with an opportunity to add a small position in agricultural specialist Nufarm Ltd (ASX:NUF) as the share price weakened. Show More

Is Woolworths regaining its mojo?

Daniel Mueller
Daniel Mueller Vertium Asset Management

Woolworths “is a wonderful organisation, with enormous upside.” This was the first thing former CEO Grant O’Brien said about Woolworths in his inaugural address to the market in November 2011, shortly following his appointment. Show More

Bond yield decline drives Macquarie Atlas Roads shares

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Shares in toll road asset manager, Macquarie Atlas Roads (ASX:MQA), performed strongly during May. Show More

AI delivers Computershare efficiencies

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Shares in IT company, Computershare Limited (CPU, +4.8%), rose during the month following a positive investor briefing. Highlights of the briefing were the continued progress in CPU’s mortgage service businesses in both the US and UK, in addition to the potential for task automation. Show More

Costa increases profit guidance

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Shares in horticultural company, Costa Group (ASX:CGC), rallied after the company announced both an increase in profit guidance for the current year and a $65m expansion of its mushroom farm at Minarto in South Australia. Show More

Aristocrat upgrades profit growth

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Shares of gaming company, Aristocrat Leisure (ASX:ALL), rallied after management upgraded profit growth for the coming year to between 20-30% at the AGM in late February. Show More

Japara takes care of Australia's ageing population

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Aged-care operator, Japara Healthcare (ASX:JHC), provides exposure to the strong thematic of Australia's ageing population and its need for high acuity care that many Australians will require. Unlike retirement village living, aged care is not a discretionary decision for many. Show More

Caltex well capitalised to acquire, invest

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Caltex has undergone considerable structural change in recent years, with the business shifting from being a capital-intensive refiner, toward a more capital-light operation, focused on fuel retail and marketing, together with a significant operation in fuel distribution. Show More

AGL benefits as power prices rise

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

A rise in electricity prices has been the main driver of AGL's share price with the 'forward curve' for electricity prices rising 30% or more in recent months for most Australian states. This has been driven by expectations of a tight market for electricity as Hazelwood power station is closed. Show More

Investment foresight lifts CSL profit

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Blood plasma producer, CSL (ASX:CSL), upgraded its profit forecasts in January and it is now targeting 18-20% profit growth in constant currency for FY17. Show More

New Origin CEO plans asset IPO

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Energy company, Origin Energy (ASX:ORG), added value in January, with the stock up 73% from its level a year ago. We see several drivers for the recent outperformance, including: Show More

The best time to switch to value

Marcus Tuck
Marcus Tuck Mason Stevens

Different investment styles (such as value, growth, large cap, small cap) are suited to different stages of the investment cycle but it is often difficult to know ahead of time which one will perform best. Pioneering academic research by Eugene Fama and Kenneth French, both professors at the University of... Show More

growth value small caps Longform Large Caps

Emerging opportunities in large-caps

Clime Asset Management
Clime Asset Management Funds Management & Stock Research

While the best large-cap stories are normally expensive and the ASX 50 is dominated by cyclicals, banks, bond proxies and property names, there is a way through to attractive returns. It’s necessary to buy the growth stories in market panics, pick the right turnarounds to back and trade the others... Show More

Market Manager | Small caps back on the menu at discount prices

Mathan Somasundaram
Mathan Somasundaram Blue Ocean Equities

Global markets are flip flopping with the US market hitting all time highs. US fiscal policy uncertainty, historically low volatility, a rising USD, rising yields and stretched valuations are raising doubts on the recent exuberance in the equity market. Strong commodities along with a robust USD and rising yields suggests... Show More

Real success in US for Orora

Andrew Stanley
Andrew Stanley Ralton Asset Management Limited

Package manufacturing and distribution business, Orora (ASX:ORA), added to Ralton's Australian Shares portfolio during August with shareholders benefiting from a clean set of profit figures and a well-received strategy. Since demerging from Amcor, ORA's management has delivered on promised synergies for the Australian pulp mill and demonstrated an ability to... Show More

What's hot this reporting season

Clime Asset Management
Clime Asset Management Funds Management & Stock Research

The market is thirsty for yield and it's definitely there to be exposed. In this analyst opinion piece we look at the themes coming out of reporting season thus far and the likely implications for the remainder of the companies reporting their results. http://www.clime.com.au/investing-report-archive/reporting-season-whats-hot/ Show More

BHP Reaches its Nadir

Steve Johnson
Steve Johnson Forager Funds

Yesterday’s record full year loss will mark a turning point for BHP Billiton. The Big Fella, as BHP is affectionately known, got far too big for his boots. Show More

bhp billiton ASX:BHP Large Caps