Fund Manager Q&A
There’s nothing quite like local knowledge to give you an insiders view of a foreign country. As the strength of the US economy remains a key focus for investors, Livewire jumped at the opportunity to get a first had account from Lazard’s New York based Ronald Temple. Temple who is Co... Show More
“It’s in their [The Telco’s] interest to just flick people to the low speed plans as the lower access charge makes a higher margin for them” Nicholas Demos, CEO, MyRepublic. Below are quotes from the week which in our view detail some of the most important and prominent industry trends... Show More
Investing in Australian residential property has been nothing short of a goldmine in recent years. Charlie Munger, Warren Buffett’s business partner, would call it a lollapalooza effect, where several forces, such as low interest rates, the rapid development of the Chinese economy and an influx of foreign buyers, have culminated... Show More
James Hardie is an Australian manufacturer and global leader in fibre-reinforced cement. The business has been operating for 125 years producing products used in new residential construction, manufactured housing, repair & remodelling and other applications. Show More
Significant household investment decisions depend on confidence, or ‘animal spirits’, which are clearly emerging in the USA. As per history, this confidence will manifest in households making high-value purchases – particularly new residential housing. While market analysts are expecting construction of new US housing to take four years to grow... Show More
In March I spent a week traveling throughout the US in order to gauge the rate of recovery taking place in the US homebuilding sector which was significantly impacted by the Global Financial Crisis. We are 7 years past the peak of the crisis and from a financial markets perspective,... Show More
Pretty much as anticipated both economic & corporate releases yesterday captured the strength within US homebuilders....Housing Starts came in ahead of consensus and essentially boost homebuilders productivity benefit, deflate unit labour cost and boost margins... NVR also reported 15’Q3 bottomline earnings ahead of expectations but crucially from our perspective as... Show More
There's a big reason to believe that the U.S. economy will be able to withstand the start of the Fed tightening cycle: There's still plenty of pent up activity in the housing sector. And it's hard to see the U.S. economy running out of steam with this much upside left... Show More
QMG’s economic data collected from various US statistical agencies points to 3 areas of concern in the DIY Retailers space. These are 1) Negative trend in QMG Sales observations. This is driven by declining volumes and and we also observe an increase in costs… 2) Factors are lining up in... Show More
