As you are no doubt aware, we have been keen followers of the mining services sector – before the wholesale sale of the Montgomery [Private] Fund’s exposure back in April last year.
In these highlights from the Sky Business Switzer program broadcast on 2 May, Roger gives his view on the intrinsic value of BHP, and whether he thinks that the banks are worth a look. Watch here.
A lot has been written about the gold price in recent days. Much of it has been the usual ex-post narrative explaining exactly why the price has moved in the way it has, including reasons such as: lower expectations for quantitative easing, hedge funds being forced to liquidate leverage positions, the loss of “safe haven” status, etc.
When prices are collapsing, we tend to get very excited about the prospect of finding any proverbial babies that have been thrown out with the bathwater. Over the years we have built a number of quantitative and qualitative frameworks that rapidly analyse companies, in a range of sectors, in an attempt to quickly uncover potential investee candidates.
Adam Scott’s superb victory in the US Masters on Sunday at Augusta National means that Australians have now won a total of 15 major golf championships. It’s incredible to think that one of the greatest golfers of all time, Jack Nicklaus, the ‘Golden Bear’, won 18 career major championships by himself.
Whilst we’re on the subject of Gold(en) Bears, at the moment we’re cautiously noting that after jumping from under US$300/oz to over $1,900/oz in the decade to September 2011, gold appears troubled.