At current prices, February is shaping up as the third consecutive month in which the small resources share price index will have outperformed the S&P/ASX 100...
John Robertson
PortfolioDirect
At current prices, February is shaping up as the third consecutive month in which the small resources share price index will have outperformed the S&P/ASX 100 resources index. Having three months line up in this way has not happened since the third quarter of 2010 and, before that, the second quarter of 2009. Banks have been outpacing the miners but large miners have trounced the small ones for more than two years. The gap in share price performance between the large cap resources stocks and the smaller companies in the sector is now showing some signs of stabilising after widening to just under 50% during 2013. The liquidation of smaller stocks characterising much of 2013 seems to have run its course and the smaller stocks in the sector are now displaying some of their historic leverage to improved background market conditions.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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