articles by Andreas Lundberg
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Why I am still keen on Codan
Andreas Lundberg
November 4, 2021
The share price of electronic solutions and metal detector maker, Codan (ASX: CDA), has fallen around 42 per cent since June. It’s now back where it was around 12 months ago. But instead of being concerned, I believe the company continues to have a very bright future. Continue…
by Andreas Lundberg Posted in Companies, Editor's Pick, Stocks We Like.
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Did JobKeeper waste $40bn of public money?
Andreas Lundberg
October 27, 2021
Australia’s Department of the Treasury has just released a report into the JobKeeper Payment scheme. It shows that vast sums of money were transferred from taxpayers to companies that – in hindsight – should not have qualified for assistance. This includes almost $14 billion to businesses whose turnover increased during the lockdowns. This mis-use of taxpayer money leaves me with three big questions. Continue…
by Andreas Lundberg Posted in Market commentary.
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Get set for a major public stoush over immigration
Andreas Lundberg
October 21, 2021
It’s probably no surprise that NSW Premier Dominic Perrottet – now expecting his seventh child, and with 11 siblings of his own – should be in favour of a ‘Big New South Wales.’ And urged on by leading bureaucrats, the new state Premier is backing a five-year doubling of the pre-pandemic migration rate, which he says will help boost the economy. But recent surveys show his views are in stark contrast to those of the general population. Continue…
by Andreas Lundberg Posted in Insightful Insights.
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Should we import cheap foreign workers, or pay locals more?
Andreas Lundberg
October 15, 2021
The reliance of many Australian industries on cheap imported labour is highlighted by a recruitment drive currently underway in the UK to entice 500 hospitality workers with the promise of free flights, drinking and dining vouchers, and paid hotel quarantine. But is this reliance on foreign workers in the national interest? Or, given the high unemployment rate, would it be better to attract local workers by paying them more? Continue…
by Andreas Lundberg Posted in Editor's Pick, Market commentary.
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Are booming house prices making us a nation of home loan liars?
Andreas Lundberg
October 7, 2021
When applying for a mortgage, it seems many of us are not honest with our lenders. In fact, according to recent research by UBS, around half of new loans are awarded based on false information. And not only are more people lying on their mortgage application, they are lying far more about their income, cost of living, other assets, and other borrowings. The big question for investors is whether these ‘liar loans’ could have a downstream impact on the lenders. Continue…
by Andreas Lundberg Posted in Property.
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Why Chinese property worries affect us all
Andreas Lundberg
September 23, 2021
As you’ve probably read, China’s number two property developer, Evergrande, is on the verge of collapse, dragged down by excessive debt and an inability to take on more debt. Evergrande’s woes have helped send the price of iron ore plummeting – not to mention the share prices of our largest miners: BHP, Rio and Fortescue. My concern is that the problems besetting the Chinese property market will have repercussions well beyond the miners and their investors. Continue…
by Andreas Lundberg Posted in Editor's Pick, Energy / Resources, Property.
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Despite declining efficacy, vaccines are our only way back to normal life
Andreas Lundberg
September 9, 2021
I have been reading the media reports noting the efficacy of COVID-19 vaccines declines over time. Thankfully, even with reduced efficacy, vaccines provide protection from serious disease, and a booster shot will increase efficacy. A high vaccination coverage provides the impetus for politicians to safely re-open our societies. And that will be a shot in the arm for many Australian businesses. Continue…
by Andreas Lundberg Posted in Market commentary.
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Ramsay Health Care set to benefit as the world opens up
Andreas Lundberg
September 2, 2021
The COVID-19 pandemic has dented the profits of Ramsay Health Care (ASX: RHC), Australia’s multinational healthcare provider and hospital network. The good news is that earnings are growing again across key regions as lockdowns and restrictions start to ease. And an increased final dividend signals that the company expects a better year ahead. Continue…
by Andreas Lundberg Posted in Companies, Health Care, Stocks We Like.
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Why I think Scentre Group shares are still good value
Andreas Lundberg
August 26, 2021
In March 2020, during the COVID-19 sell-off, the share price of shopping mall company, Scentre Group (ASX:SCG), hit a low of $1.51. It’s been a bumpy ride since then, with more lockdowns, but the share price has recovered nicely. And the company’s FY21 results paint a picture of a business in reasonable shape and still trading at a steep discount to the value of its net tangible assets. Continue…
by Andreas Lundberg Posted in Companies, Stocks We Like.
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Plenty to like in Spark NZ’s FY21 result
Andreas Lundberg
August 20, 2021
Funds in the Montgomery stable are long-time holders of Spark, New Zealand’s leading telco. Spark is a steady performer, and a consistent dividend payer. And its recently reported full year results paint a picture of a telco in good financial health with potential for value creation by capital recycling. Continue…
by Andreas Lundberg Posted in Companies, Stocks We Like.
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