Steve Black from Pengana discusses one thematic change that he says could become an investment opportunities

Livewire Equities

Livewire

Steve Black from Pengana discusses one thematic change that he says could become an investment opportunities. The financial services sector which we're certainly very favourably disposed towards, has been underperforming lately. We've been taking that as an opportunity to buy more of those stocks into the portfolio. The stocks like Platinum Asset Management, IOOF Holdings Limited, Treasury Group Limited, HFA Holdings Limited. Very good companies trading on PE's of 14s and 15s, very little debt, paying fully franked dividend yields of five to six per cent in a market, where you get to see a lot of the flows out of TDs back into the stock market. We think they're the prime beneficiaries of that investor change.


2 topics

Livewire Equities
Livewire Equities
Livewire

The Livewire Equities feed brings you a range of insights that relate to Australian equities

Expertise

No areas of expertise

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.