With reporting season now behind us we have gained a more complete picture of how all of our portfolio holdings have performed for the first half of 2018. While some have disappointed relative to expectations, there were two standout small-caps within the technology space that comfortably exceeded forecasts. Here we... Show More
Volatility is the value investor’s best friend and weeks like last week are welcome opportunities, not reasons to panic. For so long quality companies with growth traded above the prices we wanted to pay but last week’s indiscriminate selling knocked their prices down to levels sufficiently below valuations for us... Show More
It’s often said that Australians are a nation of travellers. One could stretch to almost any corner of the globe and stumble across an Aussie. Given the increasingly global context of business and economics, we would suggest that the intrepid nature present in individual Australian travellers is increasingly prevalent in... Show More
Local market climbed back higher gradually on the back of strong metal prices. Local market still struck in the narrow trading range since May. US market and geopolitics remain the macro overhang while reporting season is driving substantial volatility. Growth stories missing guidance or weak outlook statement are facing 15-20%... Show More
Buy Hold Sell
In this episode of Buy Hold Sell, we look at stocks that generate their earnings offshore. These earnings have been squeezed as the local currency rallied 10% against the greenback. We ask two fund managers if they think this shift presents an opportunity to pick up quality business at lower... Show More
Local market ran on positive China and US data before short covering pushed it to the best one day performance since Nov 2016 before RBA watered it down. Banks were up on global bank sentiment while Resources were up on China and Oil data. Retail data helped to push short... Show More
Disciplined, focused and humble are three words that spring to mind when describing smallcap specialist Chris Prunty. He’s unlikely to tell you about the cricketing prowess that earned him a scholarship to study at Australian National University. He’s even less likely to let on that he was ‘peer reviewed’ and... Show More
Afternoon Market Report, the local market ran out of steam as data out of the US has investors contemplating a faster rate hike cycle... Show More
Whilst global markets have maintained positive momentum into 2017, valuations look stretched. Markets are going to run into the US reporting season given the US leadership change and the recent rally pricing due to the optimistic outlook. However, US fiscal policy uncertainty, historically low volatility, rising USD, rising yields and... Show More
Bond yields have held their ground over the last few weeks, keeping the pressure on rate sensitive stocks. The question is whether this is a kneejerk market reaction or a meaningful shift? Chris Watling, CEO & Chief Market Strategist at Longview Economics, recently wrote on Livewire that: “With the beginning... Show More