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February 2016’s results reporting season was certainly a moment and perhaps no results report captured the spirit of the season better than Slater and Gordon’s interim results announcement on Monday 29 February 2016: statutory NLAT of $958.3 million due to an $876.4 million non-cash impairment charge of which $814.2 million... Show More

Mathan Somasundaram

Aussie market moved up hard as global investors jumped back on the large cap stocks with risk to falling currency subsiding. RBA staying on the sidelines on the rate cut cycle with China slowdown being negated by the US Fed remaining on the long path to interest rate normalisation. Market... Show More

Mathan Somasundaram

Aussie market pulled back with weaker commodities and a week of volatile global and local macro ahead. We continue expect the market to tread water with global and local macro taking center stage this week. Local macro is mainly redundant as the US rate cycle is the main game. RBA... Show More

Mathan Somasundaram

Aussie market was directionless with US being closed and gave up the early slight optimism to finish slightly in the red. The market today is best explained through two stocks on either end of sentiment spectrum. SGH has had its life beaten out of it for what market sees as... Show More

Mathan Somasundaram

Aussie market opened up very positively before the very negative business capex data took the shine off to end up with a smaller positive close. The business capex shows that despite all the talk from business lobby groups, the reality of the outlook for the economy is relatively bearish. The... Show More

Mathan Somasundaram

Aussie market pulled back after four positive days with market uncertainty on Greek deal. Let us wait for the next episode of “WHAT WILL GREECE DO TONIGHT?” The selling today was broad based with every sector seeing its fair share of pain. SGH was the whipping boy today for the... Show More

Mathan Somasundaram

Aussie market pulled out a positive day after six straight negatives, albeit a slight one. We need to see bond market settle before the market feels completely confident to jump in and buy equities. Even though value has definitely returned to the market, the sentiment remains negative with global macro... Show More

Mathan Somasundaram

Aussie market ran into overnight global selloff and gave up pretty much all of yesterday’s gains after four straight positive days. Chinese equities continue to be very volatile and show signs of potential asset bubble risk like their property sector. The two key worries in the market are US interest... Show More

Mathan Somasundaram

Aussie market got slaughtered on negative global lead, rising bond yields and below par corporate results lead by CBA and WOW. The Turnover was a massive $7.4b. After trailing US 30 year long bond yields, Aussie bond yields have run up nearly 70 bps in just over 2 weeks to... Show More

Mathan Somasundaram

Aussie market got smashed as banks were unable to hold the market up with rising bond yield and appreciating currency. The global macro worries, currency wars and better than expected domestic data continues to put doubt on a May rate cut. We still struggle to see the index breaking above... Show More

Mathan Somasundaram

Aussie market gave back yesterday’s bounce and remains in a technical down trend with better than expected domestic data and currency wars putting doubt on May rate cut. Top ten reasons to take profit: (1) China growth worries (2) Greece facing risk of leaving EU (3) US inflation up for... Show More

Mathan Somasundaram

Aussie market finished positive on the back of commodity price recovery and M&A optimism. We saw Shell move on BG and FedEx move on TNT while mining & service stocks keep getting opportunistic bids (i.e. EHL turn today). Turnover was just below $4.8b. US markets finished flat overnight after starting... Show More

Mathan Somasundaram

Aussie market delivered a negative day while being caught between volatile US markets, falling commodity prices, RBA rate cut cycle and institutional investors taking risk off before school holidays. For the past 5 days in a row, our market switched direction. US market hovers around the technical support level with... Show More

Contango Asset Management

In February the CTN investment portfolio returned 9.9%, Best performers included Mayne Pharma (MYX, which rose 52%) after they announced the acquisition of Doryx from its distribution partner Actavis. Other major contributors over the month included GBST (GBT, 32%), Altium (ALU, 34%), Sino Gas and Energy (SEH, 48%) and Slater... Show More

OC Funds Management

Slater & Gordon has created a powerful brand in the Australian personal injury market and its domestic roll-up strategy has generated strong financial returns in recent years. Its aggressive push into the UK legal market has now seen the company benefit from 'first mover' advantage in the UK personal injury... Show More