technology

Equities
Nick Griffin

Alphabet’s first quarter result demonstrated a slowdown in websites revenue (advertising revenue from Google websites). The quarterly number only came in 1% below consensus estimates (excluding the impact of any FX), with many commentators pointing out that this was the first time their websites growth has been below 20% in... Show More

Collections

WiseTech, Appen, Afterpay, Altium and Xero (WAAAX) are up just over five-fold over the last two years, pushing the aggregate market cap to over $28 billion. Some of the valuation metrics are now laughable. However... the same thing was also true two years ago before this rally commenced. So where... Show More

Macro
Michael Frazis

With stocks near all-time-highs, there is steadily accumulating evidence that this may be a historic time to sell. PMIs are diving. PMIs give false signals (eg 2016 was a buy, not a sell) but this is by far the worst they have looked. All through the turmoil of last year,... Show More

Equities
Rob Tucker

We spend a lot time analysing individual companies and the industries they operate in. There are two time horizons investors are focused on predominantly. Firstly, there is the short term, which is trying to assess the earnings trajectory over the next half yearly or yearly reporting season. In a perfect... Show More

Equities
Martin Hickson

Nearmap (ASX: NEA) is an Australian software business that specialises in mapping, aerial imagery and location data services. This week, NEA reaffirmed its earnings guidance and flagged that its customer lifetime value (LTV) had increased to over $1.4 billion from $1.1 billion at the end of December 2018. LTV is... Show More

Equities

When we think about the economic progress of the human race over the past 50 years, there is probably no more important development than our ever-increasing ability to process data at ever-increasing speeds based on improvement in integrated circuits. Simply put the modern world as we know it would not... Show More