Pengana Capital is closing their Global Resources Fund, Fairfax Media reported yesterday. Given the five-year bear market in resources, this comes as no major surprise. What was interesting, however, was the timing of fund withdrawals. As of May last year, the fund had around $30m of assets; by January this... Show More
Companies that joined the ASX lists in the first quarter returned considerably more than the Top 200 companies. According to the OnMarket First Quarter IPO Report, they were up 1.3 per cent on the quarter, compared with a 5.4 per cent drop on the ASX200 index – a 6.7 per... Show More
Investors are understandably feeling jittery about the stock market after landing in bear market territory this month, following a very volatile January, with global markets shaking on concerns of Chinese economic growth and, once again, the liquidity of global banks. Show More
Aussie market delivered 6th straight positive day on better commodity prices and stronger currency. The low turnover day showed that retail investors were in charge and global investors were on the sidelines. The last 3 years of daily returns show that there is just over 2% probability of getting more... Show More
Aussie market delivered another positive day despite global investors selling on currency and market strength. The low turnover day like today was caught between optimistic local investor and pessimistic global investor. The last 3 years of daily returns will tell you that there is less than 3% probability of getting... Show More
Aussie market made another remarkable recovery to follow up Friday’s effort to remain again on a thin edge positive when US markets are nearly down 3.5% in two days. The US markets were expected to have a pullback short term as global business models that dominate the US indices are... Show More
Techniche TCN:ASX is a holding company for profitable technology companies. It currently owns ERST Technology which provides software to transfer company data securely to any location in any format, Urgent Technology provides software for facilities management of large buildings, Statseeker (50% share) provides a product to allow large companies improve... Show More
The ASX’s proposal to tighten earnings guidance is a piecemeal response that does nothing to protect the retail investor. It maintains the lazy practice in Australia of financial reporting that has resulted in listed companies adopting inconsistent disclosure practices. The ASX proposal does nothing to create a formalised reporting regime... Show More
The Medibank Private float process is unfair and puts retail shareholders at a disadvantage. Medibank Private is a solid business and so its float has the potential to offer good value at the right price, namely the bottom end of the price range of $1.55 to $2. The problem is... Show More