There was a time when miners were to be avoided for those in search of income, but things have changed for the major players in the sector, according to Troy Angus, Head of Australian large caps at Paradice Investment Management. The hard-learned lessons of the last boom have been ingrained in the minds of management, and the focus now is on capital discipline.
“Cycles, they start like this, and they’re like this through the middle, but they end when that discipline goes out the window. We’re not there yet, but it’s something that we’re watching.”
But with so much capital being returns to shareholders, is this due to a lack of investment opportunities? Hear Troy’s response in the video below.
About Paradice Investment Management
Since beginning in 1999, Paradice Investment Management has a proud record of delivering superior risk-adjusted returns and capital protection for our investors.