With a potential change in Federal government on the horizon, in this thematic discussion, we sat down with Matt Williams from Airlie Funds Management and Rhett Kessler from Pengana Capital to ask what it means for investors. Will new leadership bring big changes, or will it ultimately be ‘more bark... Show More
Pengana Capital Group is pleased to provide advisers with access to a video replay of the Pengana Symposium held in April, 2017. The presentation features three strategies which can be viewed together or separately via the chapters feature below. Show More
When it comes to investing in today’s market, a strong underlying foundation is vital to forming the core of success. Steven Glass, from the Pengana International Equities Fund provides his 6-point checklist that separates the good from the bad, allowing him to invest with confidence in an overly noisy environment. Show More
May 2017 marked the first month since September 2016 that the Small Ordinaries Accumulation Index outperformed large caps. Livewire reached out to six small cap specialists to ask: “Is this a turning point”? The consensus seems, with some terms and conditions, to be: “Yes”. Read on for responses from Wilson... Show More
Steve Black, Portfolio Manager at the Pengana Emerging Companies Fund says “It’s always a good time to invest in small-caps” because that’s where you can find tomorrows leaders, generate significant alpha and actually diversify your portfolio. “The broader ASX200 is not a very well represented or diversified list of companies... Show More
Steve Black, Portfolio Manager of Pengana’s Emerging Companies Fund says that new IPOs are coming through “thick and fast” at the moment and he’s seeing at least three companies per week. In amongst this flurry of activity Black remains “wary” of many new floats because, in his view, they frequently... Show More
Steve Black of the Pengana Emerging Companies Fund says there are two sectors on the ASX that he’s well invested in and are experiencing strong tailwinds – telecommunications and tourism. Black says that companies such as Vocus and M2 have benefitted enormously from Telstra being “a little slow, distracted and... Show More
Steve Black, the renowned small caps manager and one half of the Pengana Emerging Companies Fund says that there’s now “definite evidence that the housing cycle has rolled” as approval rates fall. “So those stocks that are exposed to the housing cycle will no doubt be the concern for us... Show More
In this video Rhett Kessler, Senior Fund Manager at Pengana describes what it’s like to be managing funds in the middle of a correction. The well renowned fund manager reveals that despite the mass discomfort he bought four stocks during the recent market rout – Duet (ASX:DUE), Tatts (ASX:TTS), Spotless... Show More
Rhett Kessler, Senior Fund Manager at Pengana says that he observed several companies during reporting season that decided to avoid the “sugar hit” of paying out more dividends and instead take the path of re-investing in the business. “Not only were we praising it and wanting more, but the market... Show More
When asked about how he handled the recent correction, Rhett Kessler, Senior Fund Manager at Pengana says “It’s quite easy to stay in cash and say ‘we’re disciplined we don’t buy things that are expensive.’ The real challenge is when things flip around and the outlook’s awful, yet that awfulness... Show More
In the past few weeks 3 highly rated fund managers have come out singing the praises of BT Investment Management (ASX:BTT). Tim Samway of Hyperion spoke about BTT and the theme of investment managers here: https://www.livewiremarkets.com/wires/27736, while OC Funds https://www.livewiremarkets.com/wires/27880 and Pengana Emerging Companies have both recently added the stock... Show More
Pengana's Rhett Kessler tells us about the most significant change currently taking place in his portfolio. Cash levels have risen to 25% of the Fund. The robust increases in the share prices of several of our holdings resulted in these positions being trimmed. While each case is assessed on individual... Show More
CSL: a balance sheet that any CEO would die for. Rhett Kessler, Senior Fund Manager at Pengana says he continues to own CSL because the company is globally diversified with a proven track record for ongoing innovation to solve problems. Kessler says they have built a moat to ward off... Show More
Pengana: Be patient with Mermaid Marine. Rhett Kessler, Senior Fund Manager at Pengana says despite the sustained sell-off in Mermaid Marine (ASX:MRM) since late 2013 they are committed to the company. We're quite a big holder of Mermaid Marine, which has not been kind to us. We think that's a... Show More
Pengana, Wilson and Tyndall agree: New Media stocks are priced for perfection. Fund managers are moving their money away from new media stocks such as Seek, Carsales.com and REA Group with rapid share price growth pushing valuations beyond the comfort zone. Wilson Asset Management's CIO, Chris Stott says that ''new... Show More
Remember what the Future Fund's exit did to TLS? Norway's $840 billion SWF is now considering dumping its stakes in BHP, WPL, and WHC. This from Peter Ker: Some of Australia's biggest resource companies could lose a major investor if Norway goes through with a plan to ban its SWF... Show More
Rhett Kessler, Senior Portfolio Manager at Pengana says that despite being out of favour he really likes Seven West Media (ASX: SWM). He says when Nine roadshowed, pre-listing they trumpeted the strength that Nine has, potentially to the detriment of Seven. We don't think so, but that's ok. If you... Show More
Rhett Kessler from Pengana said on Sky Business the market has got it wrong on Resmed (ASX: RMD). It's had 75 consecutive periods of growth and we think they've barely scratched their market. It's a bit under the whip at the moment because instead of having double-digit growth, it only... Show More
Tim Schroders from Pengana says that bank valuations are over-inflated and we should keep our expectations for the remainder of the year in check. Valuations in some sectors like banks have become stretched and there is some concern about the pace of economic growth after the OECD report. Everyone is... Show More