This week two of our significant investments announced a merger of equals and both announced earnings upgrades. It was a nice Xmas present for UBS Small caps. To recap. We are long term believers in the outdoor media space for a variety of reasons. I outline the key reasons below.... Show More
APN Outdoor is a leader in outdoor advertising. The company has over 50,000 high-impact sites in attention-grabbing locations across Australia and New Zealand. But recently, like many other high-quality mid and small caps, its share price was severely smashed. So, what’s going on, and is it time to snap up... Show More
Following reporting season, a number of previously well-loved sectors have fallen out of favour with the market. Outdoor advertising, aged care operators, and telecommunications companies have all seen falls of around 30%. Despite the well-established difficulties of operating in the aged care sector, investors got “over-excited” about this area and... Show More
Morgans’ five top large-cap picks for September, Chris Stott shares some overheated sectors, Giselle Roux from Escala Partners says yield stocks are overpriced, and nine top-performing LICs. Here are four things you should read this weekend. Show More
Chris Stott, Chief Investment Officer at Wilson Asset Management, thinks the Australian market is fairly priced at its current PE of around 15-16 times - slightly above the long-term average. With rate hikes due in the US opening the possibility of a short-term correction, plus the expectation of further rate... Show More
Where once our eyes were glued to incandescent TV screens, glossy magazine pages and crowded newspaper sheets, they now spend their gaze transfixed upon computers, mobiles and tablets. Where the eyes have gone, the advertising dollar has followed. Companies like Google and Facebook have built their empires on owning digital... Show More
Charles Leyland, Managing Director of Leyland Private Asset Management, says the outdoor advertising theme is no longer looking as attractive as it did. Companies such as APN Outdoor and oOh Media have been beneficiaries of a move away from newspaper and television advertising while at the same time leveraging this... Show More
QMS Outdoor is a strategic media owner and operator, with a growing portfolio of premium and digital assets in the outdoor advertising industry across Australia, New Zealand and Indonesia. The structural shift from print media to Digital has seen unprecedented agency demand for Out-Of-Home advertising; driven by innovation, flexibility, accountability... Show More
The IPO pipeline has hotted up again with a raft of new floats, of varying size and quality, coming across our desk in recent weeks. Typically we are extremely wary of early stage aggregation plays but the OC Funds investment team was particularly impressed with upcoming Baillieu float QMS. QMS... Show More