The market has fallen 10% in the last 8 weeks. Or as the inimitable Franco Cozzo put it: “Grand sale, Grand sale, Grand sale...”. No one can be certain if equity markets will get cheaper still, but there is no denying that some long-absent value has reappeared. Livewire recently reached out... Show More
CME, the world’s largest derivative exchange, has sustainable competitive advantages, high incremental margins, is highly free cash flow generative, and has an attractive growth outlook. It is the type of business that we would like to hold forever. Show More
The world’s great investors all know that if you’re looking for great potential investments, then the one place to start is in the stocks that are owned by investors that you both know and respect, and that have a demonstrated track record of success. In fact, it’s a method espoused... Show More
IMF Bentham (ASX :IMF) operates in the litigation funding industry. It is the second largest firm of its type in the world and has arguably the highest quality service offering globally. Show More
Companies in the IPO phase are often mispriced at issue. They are rarely independently researched, there is often little knowledge of the business, finances and management, and there is certainly no efficient pricing history. These factors all contribute to market inefficiencies which can be a real source of opportunity (and,... Show More
We first heard of Acrow (ACF) many years ago before it was listed, when researching listed competitor GCS. This was before the east coast infrastructure boom, and thus the business was struggling and capital deprived under private equity ownership. Despite that, there were several corporates interested in acquiring the assets... Show More
The listed Indian banking sector comprises three very different types of lenders. The “private sector” banks, such as IndusInd, are growing aggressively at the expense of the “public sector” banks which are suffering the consequences of bad lending. Most recently, a “non-bank lender”, IL&FS, defaulted on its debt causing significant... Show More
Healthia (ASX:HLA) was formed to bring together well established allied health businesses, which include the My FootDr Podiatry and Allsports Physiotherapy brands, with the aim to be one of Australia’s leading allied health companies. Healthia’s future growth is forecast to come from both its organic growth strategies and the acquisition of... Show More
For Livewire's Stocktoberfest, we nominate healthcare stock, Philips. Being parsimonious Scots, we appreciate ‘value for money’ and like it when demand growth for our stocks is supported by this consideration too. We’ve been investing in healthcare cost-cutters for a while, and see Philips as a great example. Show More
Aristocrat (ALL) has had a poor performance period, down 15% from recent highs, but I believe at current levels represents an opportunity. The selling in ALL can be attributed to a variety of developments: Show More
