Wilson Asset Management weekly: Decmil

Chris Stott

Portfolio Manager

The S&P/ASX All Ordinaries Accumulation Index closed flat for the week. On Tuesday, the Reserve Bank of Australia (RBA) left the cash rate unchanged, while reiterating its upbeat outlook for 3% gross domestic product growth (GDP) and rising inflation. The launch of Amazon in Australia on Tuesday failed to inspire confidence in the online retailer, with an underwhelming initial website offering. We expect Amazon's offer will continue to expand over time as they build a presence in Australia.

Are you an informed investor?

Register here to receive weekly insights from the Wilson Asset Management investment team.

Power to Decmil

On Tuesday, industrial company Decmil Group Limited (ASX: DCG) announced it entered into a memorandum of understanding (MOU) with Maoneng Australia to design and construct a 250-megawatt solar power plant located in New South Wales. The $275 million solar project is due to commence in March 2018 and will be one of Australia’s largest solar power plants. We believe this opportunity represents a significant expansion of Decmil’s presence in the renewable energy market. Shares in Decmil Group closed up 3.0% for the week. We own Decmil Group as a research-driven investment WAM Microcap.  

Baillieu Holst podcast

I recently sat down with Nicolas Burgess and Piers Flanagan from Baillieu Holst to provide an overview of our listed investment companies (LICs), and with how we invest. To listen to the podcast, click here.


MORE ON



Chris was the Chief Investment Officer of Wilson Asset Management, having joined the company in 2006. He was also the Portfolio Manager responsible for WAM Capital (ASX:WAM), WAM Research (ASX:WAX), WAM Active (ASX:WAA) and WAM MicroCap (ASX:WMI).

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.