No smoking gun in reporting season
Value in the market is improving given falling share prices are not reflecting broadly stable earnings (ex resources). With reporting season coming to a close, in our view there has been no “smoking gun” to support the recent sell down. With 48% of companies reporting EPS of greater than 2% and 40% of companies reporting revenue over 2% above consensus, we feel that growth is coming from improved cash flows as opposed to cost cutting. Chart: ASX returns have been positive for 16 of 22 years.
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Founded in 2003, Leyland Private Asset Management is an independently owned firm specialising in Australian Stock Market and Fixed Interest Investments for individuals, companies, self-managed super funds, institutions and family offices.
Trusted and Confidential Asset Management Advisors
Founded in 2003, Leyland Private Asset Management is an independently owned firm specialising in Australian Stock Market and Fixed Interest Investments for individuals, companies, self-managed super funds, institutions and family offices.
Trusted and Confidential Asset Management Advisors
Founded in 2003, Leyland Private Asset Management is an independently owned firm specialising in Australian Stock Market and Fixed Interest Investments for individuals, companies, self-managed super funds, institutions and family offices.
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