Alex Leyland, Portfolio Manager at Leyland Private Asset Management, likes Computershare (CPU) as a defensive play leveraged to rising US interest rates

Livewire Exclusive

Livewire Markets

Alex Leyland, Portfolio Manager at Leyland Private Asset Management, likes Computershare (CPU) as a defensive play leveraged to rising US interest rates. The services provided by Computershare are non discretionary for ASX listed companies making the earnings very resilient in challenging markets. However, the Company now earns 80% of its revenue from offshore and in particular the US. Computershare holds cash on behalf of companies as they prepare to pay dividends to investors. CPU is able to put this cash on deposit and keep a margin on the interest that is earned during this time. Leyland says Computershare is an attractive exposure to rising US interest rates and believes that this leverage helps to justify the high PE the business commands. Here is a link to the full discussion on Computershare. &list=TLN_7gsyHwXFJms5_-1c1wTPcmJY-LAo8W @aleyland


1 topic

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter