Vince Pezzullo

Fletcher Building is a diversified building materials and construction company operating in over 40 countries. The company is currently simplifying its business through the divestment of Formica. Post the sale, the business will be more focussed across Australia and New Zealand, with over 85% of its profitability coming from New... Show More

Asset Allocation
Adrian Lemme

Australian house prices are falling. Credit availability is tightening. US mortgage rates are rising. These and other factors have put building materials stocks under pressure. In this paper we assess value across the building materials sector given our assessment of “mid-cycle” housing starts and take a view on where we... Show More

James Gerrish

The local market faced plenty of negative influences today and despite being down more than 1%, its fair to say it held up reasonably well in the face of plenty of pressure. A poor USleadwhich saw the three major indexes each finish more than -2% lower on the session had... Show More

Hugh Dive

In the travel sections of newspapers there frequently appear articles with titles such as Top 7 Overseas Travel Scams (and How to Avoid Them). However, Atlas see the biggest cause of Australians losing money overseas is not pickpockets, dodgy taxi drivers, or pre-damaged rental jet skis, but rather ill-conceived offshore... Show More

Buy Hold Sell
Buy Hold Sell

Everyone loves a bargain, but buying out-of-favour stocks can be a risky business. The five stocks discussed in today’s episode have fallen an average of 32% over the past year, so is it better to snap up some value, or avoid the falling knives? In this week’s Buy Hold Sell, Matthew... Show More

Vince Pezzullo

Fletcher Building is a diversified building materials and construction company operating in over 40 countries. While the last 12 months have been challenging, we see an opportunity for significant upside over time. Show More

Colonial First State Global Asset Management

Alternative managers are continuing to see increased interest from traditionally conservative clients and it seems infrastructure is the hottest ticket in town. With President Trump’s (still unannounced) plans to drive over $1trn of infrastructure investment in the US, China pledging over US$100bn in investment for “One Belt One Road”, Blackstone... Show More

Marcus Tuck

A significant turning point for the US stock market was reached in Q3 2016 with the return of positive year-on-year growth in US corporate profits. The long-awaited return of Australian earnings growth may be happening too, based on a recent research report by Deutsche Bank's Australian equity strategy team. The... 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

Buy Hold Sell

New Zealand has the highest government bond yields of any AAA-rated country, GDP has grown 2.8% in the last year, and the cash rate is 2%. In a globally economy marred by low rates and low growth, New Zealand has remained robust. While a strong domestic economy is a welcome... Show More

Investors Mutual

The recent Brexit vote has sparked significant weakness in financial markets around the world, and while it is undoubtedly an important economic and political event for the UK, in reality, the underlying fundamentals of the vast majority of Australian companies are unchanged. Most ASX-listed companies are not directly exposed to... Show More

Livewire Exclusive

Ben Griffiths, Portfolio Manager at Eley Grifftihs Group, says that New Zealand is a great place to invest. Auckland Airport has been a significant holding of theirs for some time, while Trade Me Group is currently their largest position. All up, New Zealand-Based companies now make up ~16% of their... Show More