We are increasingly concerned about the domestic economy and risk of further downgrades through June

Pengana Capital

Pengana Capital Group

We are increasingly concerned about the domestic economy and risk of further downgrades through June. The budget has impacted consumer confidence and, once again, Canberra is a major distraction to the marginal spender. Add to this the extended Easter/Anzac holiday period, and unseasonal warmth on the East Coast during April/May. Feedback from a range of companies of late suggests broader trading conditions have deteriorated from mid-April. As a reminder, we have minimal exposure to retail stocks and companies heavily relying on corporate spending. In recent weeks we have seen downgrades from Chandler MacLeod (labour hire), and retailers RCG Group (Athlete's Foot), Noni B, and Super Retail Group, which we believe is a prelude to further negative newsflow. Read more from the Pengana Emerging Companies Fund here: (VIEW LINK)


Pengana Capital
Fund Manager
Pengana Capital Group

Pengana Capital Group (ASX: PCG) is an ASX listed diversified funds management group specialising in global and Australian managed funds, with distinct investment strategies that aim to deliver superior risk-adjusted returns to investors.

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.