AP EAGERS LIMITED
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
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
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
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
Although the first electric car was invented in 1837, it took the affordability and availability of Henry Ford’s Model T in the early 20th century to end the reign of the horse. More than 78 million automotive vehicles are sold globally each year, with electric vehicles accounting for 0.8 per... Show More
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
Later today Market Matters will launch a new weekly income report with an associated income portfolio. Today I want to take you through three income opportunities that we’ve identified in today’s market. I provide a summary on each opportunity and an overview of the valuation. Show More
“The retail environment has made it difficult to deliver the planned sales and gross margin improvements as quickly as we would like” Mike Sonand, CEO, Surfstitch Show More
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
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
One of the most popular articles published on Livewire in recent months came from Mason Stevens. The note covered the performance of a unique set of companies that have been able to increase their dividends each year for 25 consecutive years. As the chart below shows the constituents of this... Show More
Our recent focus on US Dividend Aristocrat stocks that have increased dividends every year for the past 25 years prompted a discussion with readers about which Australian listed companies have also been able to deliver an outstanding dividend history over a long period of time. Five stocks kept being mentioned... Show More
Attention turns from global factors to the domestic reporting season this month. Heightened trading volumes indicate many investors are adjusting their portfolios prior to the first opportunity to understand how macro events have affected earnings. Reporting season commentary from management will be a critical factor to frame the outlook for... Show More
On Wednesday car dealerships business AP Eagers (ASX: APE) announced it will achieve a record profit for the 2015 financial year. The company said it expects to report an underlying net profit of $126.4 million for 2015, which is 19% higher than the $106.2 million posted in 2014. The results... Show More
Entering 2016 we re-iterate our confidence in our high conviction stocks, which have performed well over the past 12 months. Our ASX100 list has achieved an 8% return over an average period of seven months while our ex-ASX100 list has returned 17% over the same period. Our high conviction picks... Show More