At last week's Private Equity and Mining Conference in Perth, one manager said he had invested in just one company after having met with 100 in the last year...
John Robertson
PortfolioDirect
At last week's Private Equity and Mining Conference in Perth, one manager said he had invested in just one company after having met with 100 in the last year and done due diligence on 15. The high attrition rate apparently came from company executives not having the necessary skills to understand fully the assets for which they were seeking funds. Unfortunately, the near doubling in the number of Australian listed resources companies over the course of the most recent cycle has left most companies with a wafer thin skill base. The one in fifteen statistic raises alarms about the reliability of the information used every day to entice new investors into public markets. Much of what is being claimed about projects can never be put to the sort of test a private equity investor will employ in a due diligence review.
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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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