Media Worth Consuming - September 2017

Jonathan Rochford

How a one-man investigative operation exposes dodgy American companies. A US start-up gives house buyers a down payment in return for 1-3 years of Airbnb bedroom rentals. 15 reasons and 6 benefits from hiding your wealth. If you are starting out or just want a reminder, here’s 36 obvious truths... Show More

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CommSecExecutive Series : WPP AUNZ (WPP) CEO, Mike Connaghan


In this short video we discuss WPP’s Full year results which included a 19% increase in pre-tax profit, improving margins and reduced debt levels which have been supported improving cashflows, Broader strategy in positioning itself to navigate a highly disrupted communications landscape, and earnings outlook for the year ahead and... Show More

media asx:wpp WPP AUNZ Communications

A Small Cap That Pays You To Wait

Ron Shamgar

One of our largest holdings in the TBF Small Cap Value Growth Fund is a company with a market cap of $170M that reported a profit of $27M in CY2016 and paid a dividend of $18M. The business does not have a lot of debt on the balance sheet and... Show More

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Video Killed the Radio Star

Marcus Tuck

AT&T (T.US), America’s largest telecoms group by market value, announced on the weekend that it would pay US$107.50 a share to acquire Time Warner (TWX.US), the owner of CNN and HBO, which produces shows such as Game of Thrones and Veep, and Warner Brothers, Hollywood’s largest film and television studio. However,... Show More

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SWIFT NETWORKS (SW1) - is this just the beginning?

Niv Dagan

Swift's debut up ~ 56% in two days has been strong, but the question we want to task: "Is there more behind it?" The sector as a whole (TV2, ONE, XTV) has recently been re-rated significantly, but more importantly, SW1 is a key standout vs. its peers, trading at ~... Show More

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Short positions are down ~17% from a five year high in just three weeks; however remain at elevated

James Nicolaou

The level of short interest (as % of shares on issue) in the ASX 200 hit a 5yr high in mid-Feb at 2.4% of issued capital (Australia only introduced short position reporting after the GFC). At this point the ASX 200 hit a 2yr low and started to rally, led... Show More

Resources stocks facing earnings upgrades

K2 Asset Management

Valuation is a key factor for stock selection within our Australian portfolios. Given this value bias, our funds were not significantly exposed to the growth stocks that suffered from a momentum reversal seen in February. The fund recently took the opportunity to increase exposure to selected resource companies, given these... Show More

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3 wires you should read this weekend

Patrick Poke

It’s been a short and a quiet week on the ASX, there’s not been a lot of new data out, and the ASX has ambled lower without any obvious motivation. Globally, Brussels (the home of the EU) was at the centre of attention this week, with fears of a ‘Brexit’... Show More

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Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started negative and then moved further negative as China came online to finish in the red. The markets are seeing exhausted buyers and excited sellers. Aussie market has been trading sideways for more than two weeks and looks to be rolling over on low turnover. We have two... Show More

A theme that may not be priced in

Livewire Exclusive

Alex Leyland, Portfolio Manager at Leyland Asset Management, sees value in a number of ASX sectors at the moment, but one unloved old sector has yet to have been bid up following important changes. “The media reach rule will be scrapped. There is no doubt in my mind about that.... Show More

media ASX:PRT

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started relatively positive and the optimism subsided through the day to finish a slight positive. Banks and Resources were the main drivers again, but there were signs of profit taking from the morning pop. The global investors were back buying banks and miners as the currency moved up,... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive and finished positive despite wobbling around with weak China data and RBA keeping rates on hold. The Bank sector dividend yield to bond yield gap only reached these levels in 2008 and 2011 and both times the market bounced hard on yield trade. In an environment... Show More

Equity Market Engineer | US rate cycle trumps Aussie yield trade for now

Mathan Somasundaram

Market view: We maintain a bullish long term view on the Australian equity market with the 12 month index target level of 5850. We see substantial risk on the global markets with US Fed looking to raise rates in mid-March. We see substantial upside for the markets if the US... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive before pulling back to finish negative on China Yuan devaluation and Oil price falling in Asia. PBOC moved the peg down for Yuan the most in six weeks while Oil started to pull back on Iran adding to oversupply worries. OPEC is still holding fire on... Show More

Dual tailwinds propel media stocks: OML, APO, QMS

Robert Frost

Exposure to the out-of-home media thematic, namely APN Outdoor (ASX:APO), oOh!Media (ASX:OML) and QMS Media (ASX:QMS), has proven to be extremely rewarding for investors throughout the 2015 calendar year. These stocks have each experienced ongoing positive share price momentum into December, posting double-digit gains for the month. Despite the strong... Show More

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Seven things you need to know about children's media usage

Roger Montgomery

One of the topics we discuss at length internally is the changing behaviours of different generations. Put simply, younger generations are behaving very differently than older generations did when they were the same age: whether it’s the age they get married, the types of clothes they wear or the types... Show More

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Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market Turn-bull and recovered more than yesterday’s losses with global sentiment while US Fed meeting hovers over global financial markets. History shows that US Fed will only update on Friday, but we are hoping that they put the global markets out of their misery a day earlier. Markets are... Show More

The challenge for Australian TV Networks

Livewire Exclusive

Justin Braitling, Chief Investment Officer of Watermark Funds, says the entrance of new global media companies has placed enormous pressure on the revenues of local FTA networks. It is a trend he says has been playing out throughout the world and will seriously threaten their ability to grow profits in... Show More

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Tech Down Under | New economy outperforming old economy

Mathan Somasundaram

Slowing growth and underperforming old economy stocks, like banks and miners, have not taken the wind away from the outperforming Australian technology stocks. The MITCH (Media, Information, Telecommunication, Consumer and Health) universe allows us to sieve the market for sectors where the growth outlook is heavily aligned to change in... Show More

Nick Griffin: Why TV ad spend is being decimated

Livewire Exclusive

Nick Griffin, Portfolio Manager at K2 Asset management, explains why he sees a massive shift away from traditional media spends into digital and social channels. When looking at the global digital distribution Griffin sees acceleration at a frightening rate as some of the biggest brands communicate to him that they... Show More

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