ASX:AHG

AUTOMOTIVE HOLDINGS GROUP LIMITED.

Daily Report
James Gerrish

The downside momentum continued today, the local market selling off quickly from the open despite the futures pointing to a muted start. The index closed over 100 points lower than Wednesday’s close, led by the banks, while the tech names also took a beating today. This week was volatile, with... Show More

Roger Montgomery

Around the world, car sales are declining. From the United States to China, car lots are suffering from increasing unsold inventory. In China, for example, automobile sales fell 13.9% in November from a year earlier, the steepest such drop in more than six years, and for 2018, car sales recorded... Show More

Patrick Poke

RBA Governor, Phillip Lowe, opened his speech at the AFR Business Summit this morning by saying “Australians watch housing markets intensely, perhaps more so than citizens of any other country.” Never has a truer statement been made. Whether you’re a stock market investor, a housing investor, or nothing of the... Show More

James Gerrish

The market was strong early putting on a quick +30pts between 11-12 despite the overnight weakness across international markets – as we often say, the market can’t go down when the banks are being bought and that was the case again today – the early gains were held for the... Show More

Alex Shevelev

The housing market has taken a nosedive this year. And furniture retailer Nick Scali (NCK), our short pick for Livewire last December is feeling the heat. The stock price is down about 20%. But the company is still to see the worst of the housing market pain. So here’s why... Show More

James Gerrish

Despite a soft US lead, the local index opened higher and didn’t really look back today, particularly in the last few hours of trade where the bulk of the rally happened. There was no real news to drive the market higher, at least nothing that hit the boards in the... Show More

Schroders Australia

Progress in data analysis and artificial intelligence has done little to alleviate the propensity of people to gravitate towards euphoria and panic together. October saw a fair amount of euphoria give way. Commentators will invariably insert the requisite ‘catalysts’ to explain recent markets falls, aided a little by hindsight. We... Show More

NAOS Asset Management

CEO’s and business leaders' comments can provide valuable insights and provide a greater understanding of the current investment environment and key trends that may be emerging. Below are 22 quotes from the week which in our view detail some of the most important and prominent industry trends and economic factors... Show More

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Livewire Exclusive

In the final edition of our results coverage, we hear from three contributors about their stand-out results for the period. Responses come from Simon Shields, Monash Investors; Alex Shevelev, Forager Funds; and Romano Sala-Tenna, Katana Asset Management. Results have now wrapped up for financial year 2017 and it was a mixed... Show More

Richard Coppleson

Of the profit warnings this year, 81% of them have been "downgrades". I have found some really interesting observations that I’ll mention through this note that are worth being aware of, before then discussing the main 15 "Positive" Profit Warnings in 2017. Show More

Dean Fergie

Automotive Holdings (ASX:AHG) issued a downgraded earnings report this week, joining fellow automotive retailers AP Eagers (ASX:APE), Automotive Solutions (ASX:4WD) and Super Retail Group (ASX:SUL), all of which have all guided expectations down in the just past month. With this cohort experiencing an average price fall of over 25% in... Show More

Rudi Filapek-Vandyck

The somewhat lackadaisical market sentiment leading into the February reporting season stands in sharp contrast with the hefty profit upgrades by analysts over the past four months. Depending on whose numbers we take as guidance, average profit growth (EPS) for the Australian share market this financial year increased over that... Show More

James Gerrish

We’ve written that the ‘yield trade’ will struggle in 2017 and we still think that will be a case. However, sentiment will ebb and flow, and we need to be looking in places that might not have been on the radar in the last few years and are therefore still... Show More

UBS Asset Management

The environment for equity investing has become a little more challenging in recent months in the wake of developments such as Brexit and the Trump presidency. Rising longer term interest rates (bond yields) and the risk of higher inflation in developed economies (fiscal policy returning to the fore?) has seen... Show More

A first strike at Global Masters Fund. As for All the Majors: it's a quiet day. Some dissent on the resolution to re-elect Trevor Gerber as a director of Vicinity Centres. Otherwise a lot of smaller AGMs today. Today's note highlights different examples of the resolutions where shareholders express dissent:... Show More

UBS Asset Management

This is the third episode in our series examining the key factors distinguishing successful businesses. These are all learnings from our team’s many years of investing in Australian small companies. Factors #1–4, as discussed in parts 1 & 2, were: 1) Management are owners/founders or otherwise act as if they... Show More