Perpetual – finding a way to unlock value
In the past year, we have often commented that we’ll exhibit due patience as part of our investment approach. This is required as we often seek to invest in businesses that are significantly unloved and misunderstood and where assets may, therefore be mispriced.
Premier Investments – A deep dive into a new opportunity
In recent weeks, clients will have seen the addition of Premier Investments to their Australian equity sub-portfolios. Famously partly owned and operated (whether formally or informally) by Solomon Lew, Premier Investments is amongst the most successful discretionary retailers in Australian history.
Steadfast in its approach
The Markets This week: ASX v Wall Street FYTD: ASX v Wall Street Steadfast Group Limited is an Australian insurance broking network that provides insurance broking services to businesses and individuals across Australia and New Zealand. The company was founded in 1991 and has become one of Australia’s largest insurance networks, with over 3,500 brokers […]
Growing – in two very different ways
In recent weeks, we heard the mildly alarming statistics that the ASX had fallen to a low in October 2023 of 6703.2, lower than the levels seen in the broad market index at the close of October in 2007 (6770).
Falling share prices – An opportunity (not) to be wasted
This week we highlight a new addition to the portfolio.
Inghams: laying golden eggs
Inghams is the dominant supplier of chicken products in Australia. It is also amongst the largest positions in client portfolios. In the past week, it delivered an update on progress within the business across the first half of the fiscal year.
Lynas gets a rare (earth) licence reprieve in Malaysia
This week, we discuss developments in the critical minerals sector and take a look at Woolworths Q1 trading update and what it may reflect with respect to the Australian consumer.
When should we be worried about worrying? Consumer confidence.
This week we look at Consumer Confidence and Consumer Sentiment and hope to relate it to longer-term historical trends and current portfolio construction.
RBA Speaks – more nuance, slightly less ideology?
On Wednesday, RBA Assistant Governor Christopher Kent gave a speech to a Bloomberg gathering with a title that would surely only excite economists: “Channels of Transmission.”
Consolidation of Newcrest/Newmont – Do we continue to hold?
To provide a more complete investment picture, we will continue to provide some updates on the prospects of our sub-portfolios’ companies as gleaned from our coverage of the ASX Company Profit Reporting Season.
Company Profit Reporting Season – the final instalment
To provide a more complete investment picture, we will continue to provide some updates on the prospects of our sub-portfolios’ companies as gleaned from our coverage of the ASX Company Profit Reporting Season.
CIO Update – The Market Who Cried Recession
Volatile times call for calm, considered action. But how does one stay calm when the market news suggests that everything is on fire? Context provides calm.
Wry & Dry #43: The Sky Is Falling…
Australia has arguably the world’s most diverse and abundant supply of energy, with the exception of Tsar Vlad’s empire. But somehow, this abundance has gone pear-shaped this week