OC Funds Management

Blue Sky re-rates following excellent FY17 result

Robert Frost

Blue Sky Alternative Investments Limited continued to re-rate following an excellent FY17 result that came in at the top end of their guidance range. Blue Sky had been largely under the radar of institutional investors but has become much better understood as a result of improved recent disclosure from management... Show More

Can we rely on Reliance?

Robert Frost

Following share price weakness ahead of its full-year result, we added Reliance Worldwide Corporation to our portfolio. Reliance is a global plumbing supplies business specialising in reliable and premium branded water flow and control products including the market-leading 'SharkBite' push-to-connect fittings. Show More

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NetComm Wireless broadens reach

Robert Frost

Broadband product developer, NetComm Wireless (ASX:NTC), bounced strongly after news filtered out NBN Co is set to announce an expansion of its Fibre-to-the-Distribution point (FTTdp) roll-out to one million homes, up from the 700,000 homes currently announced. Show More

Strong flows boost BT Investment Management, Pacific Current

Robert Frost

Listed investment managers, BT Investment Management (ASX:BTT) and Pacific Current Group (ASX:PAC), each provided positive updates to the market during April and moved higher accordingly. Show More

a2 Milk flows into US

Robert Frost

Alternative milk company, a2 Milk (ASX:A2M), performed strongly during the quarter after posting an outstanding interim result, well ahead of both our and consensus analyst forecasts. The A2M share price also benefited from a perceived relaxation in the regulatory environment in the key Chinese market late in the quarter. Show More

NextDC on cloud nine

Robert Frost

Data centre operator, NextDC, re-rated after reporting a strong result, which demonstrated the operating leverage in the business model. Revenue grew 36% to $56m but the company reported EBITDA growth of 110% highlighting the high fixed-cost leverage, which is one of the key attractions of the stock. Show More

Market-leading position in growing industry: IDP Education

Robert Frost

IDP Education (ASX:IEL) is a quality provider of international student placement and English language testing services. IEL operates three related businesses: 1) it co-owns IELTS, one of the leading ‘high stakes’ English language tests for students, migrants and employees, 2) it is one of the largest student placement agents globally... Show More

Costa Group makes fruitful acquisition

Robert Frost

Australia's premier fruit and vegetable grower, Costa Group (ASX:CGC), announced its acquisition, in conjunction with Macquarie Agricultural Funds Management, of Queensland-based Avocado Ridge orchard and packing operations. Under the agreement, Macquarie will purchase the farms and enter into a 20-year lease with CGC to operate them. The avocado category is... Show More

a2 Milk strong despite Bellamy's woes

Robert Frost

Pioneering milk business, The a2 Milk Company (ASX:A2M), performed well during the quarter despite being down 14.3% for the month of December on the back of concerns around the current predicament of its listed peer, Bellamy’s Australia (ASX:BAL) (-45.7% for the month of December). BAL issued a profit warning in... Show More