Wait for results before buying
Platypus Asset Management
Don Williams, Chief Investment Officer at Platypus, sees value in waiting in the current climate. "We like seeing numbers, basically; we typically wait for companies to report before we make any moves," he says. There is at least one company which has caught their eye though. "Cochlear is a good example," Williams explained. "It hasn't really performed well over the past, well, probably decade, but things seem to be improving.” "So we’ve actually been buying that today [Thursday]; it's the first time we've owned Cochlear since 2011." In this market, Williams says he wants to make sure ”not get tempted too early" (VIEW LINK) (AFR subscription required)
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Platypus is a boutique fund manager that specialises in Australian equities. Platypus have a long history of outperforming the Australian market. We are a true to label growth manager with an uncompromising focus on quality.