articles by Andrew Macken
August 26, 2019
August 16, 2019
The share price of Challenger Limited (ASX: CGF) – Australia’s leading annuities provider – has declined by almost 50 per cent in the past 12 months. While the firm is clearly out of favour, I believe its long-term prospects could be better than the market is currently pricing in. Continue…
by Andrew Macken Posted in Companies.
August 13, 2019
August 12, 2019
August 6, 2019
In this week’s video insight Andrew discusses the recent sharp depreciation in China’s currency relative to the USD. This move was surely an intentional policy move and came just days after President Trump surprise-tweeted new tariff measures against Chinese imports to the US. So what does this currency war mean?
by Andrew Macken Posted in Video Insights.
August 1, 2019
Amid all the noise and volatility in global equity markets are some powerful structural shifts that should provide solid investment returns for many years to come. Here, I’d like to present five of them, and some strong businesses that are riding these industry tailwinds. Continue…
by Andrew Macken Posted in Global markets, Market commentary, Stocks We Like.
July 18, 2019
In this article for the Herald Sun Andrew takes a closer look at the recent Challenger announcement to abandon the group’s return-on-equity target, the market did not take kindly wiping off 16% of Challenger’s market cap over 24 hours. Was this news hiding something good for the company’s future? Read here. Continue…
by Andrew Macken Posted in In the Press.
July 18, 2019
At an investor day in Sydney last month, newly-appointed CEO of Challenger (ASX: CGF), Richard Howes, announced something that any new CEO would rather not. Howes announced that he was abandoning the 18 per cent pre-tax Group normalised return-on-equity (ROE) target that had been held by the company for the last 15 years. The market did not take kindly to this news, wiping off 16 per cent of Challenger’s market capitalisation over the subsequent 24 hours. Continue…
by Andrew Macken Posted in Companies, Editor's Pick, Stocks We Like.
July 15, 2019
Did you guess Spotify? Apple Music? Those would be logical given they are the industry leading digital music streaming platforms. But those would also be incorrect. In fact, the correct answer is: Amazon Music. Continue…
by Andrew Macken Posted in Companies, Stocks We Like.
July 3, 2019
I very much like this time of year because the Bank of International Settlements (BIS) publishes its Annual Economic Report – a frank summary and analysis of the global economy. One of the analyses provided looks at the relationship between unit labour costs (ULC) and Producer Price Index (PPI) inflation – a proxy for the rate of change in the prices received by producers.
by Andrew Macken Posted in Investing Education.