portfolio

CommSec

CommSec's Tom Piotrowski speaks with BKI Investment Company (BKI) Portfolio Manager, Tom Millner about the company’s first half results, its low fee structure and investment opportunities in the infrastructure, financial & healthcare sectors. Show More

John Robertson

Strategists are constantly searching for high correlation relationships to guide investment decisions but the accompanying chart showing a zero correlation should guide the portfolio construction decisions of all resource sector investors. It shows the correlation in return rankings across all ASX-listed resources stocks in successive years. Cross-year correlations are typically... Show More

John Robertson

Rising copper metal inventories over the next several years, contrary to most recent expectations, would mean persistent downward pressure on prices. This is a realistic scenario against the backdrop of downgraded global growth forecasts . The PortfolioDirect investment report this week discusses the sensitivity of copper demand to changes in... Show More

John Robertson

A PortfolioDirect rating update for Excelsior Gold (EXG:AU) was completed recently. There was a time when the quality of a mining project was judged by how much capital its development required. Not now. Excelsior Gold has escaped the capital market burden confronting many other gold producers by striking a deal... Show More

John Robertson

Mincor Resources (MCR:AU) is putting in place a growth platform for the future it may not survive long enough to enjoy. Mincor is a Phase IV company with a declining output profile as its resources are exhausted facing the prospect of costs remaining above its selling price. The PortfolioDirect definition... Show More

John Robertson

A weakening macro landscape points to a lengthier cyclical adjustment for raw material markets than previously anticipated before prices stabilise and begin to improve. The latest PortfolioDirect investment report http://www.portfoliodirect.com.au/WeeklyReports/24-310815/cover.html outlines a changed view of the resource sector cyclical positioning. Until mid 2014, the process of adjustment had been broadly... Show More

John Robertson

This week’s PortfolioDirect investment report highlights once again how resource sector equity prices remain confined to a cyclical trough with very few examples of companies being able to display enough strength to establish sustainably higher price platforms. Meanwhile, the flow of economic indicators is pointing to more downward pressure on... Show More