How has it come to this? The Australian Energy Market Operator has just released its 2017 Gas Statement of Opportunities. It makes sobering reading, with warnings of a looming gas or electricity shortfall in eastern Australia. The nation is demanding solutions, but how long will it take, we wonder, for political debate to turn into action? Continue…

by Ben MacNevin Posted in Energy / Resources.

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Ramsay Health Care produced a great result for the first half of FY17 and kept its tradition of upgrading full-year guidance. The market should have received this result well, particularly in light of weak industry activity, were it not for one bit of unexpected news – the retirement of CEO, Chris Rex. Continue…

by Ben MacNevin Posted in Companies.

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We’ve had a pleasing reporting season thus far, and Carsales is one of our holdings that produced a great result.

by Ben MacNevin Posted in Video Insights.

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We’ve postured that Resmed has fundamentally changed the US business model in its favour with its Airsense platform. After the release of Resmed’s second quarter results for financial year 2017, we explore how it is tracking against this thesis. Continue…

by Ben MacNevin Posted in Health Care.

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Carsales (ASX: CAR) has an indirect investment in carconnect, a site that’s trying to disrupt the way new cars are sold in Australia. Many people dislike haggling with dealers, so carconnect has flipped the model to make dealers tender for your business online. Sounds great for buyers right? But what’s the potential upside for Carsales? Continue…

by Ben MacNevin Posted in Companies.

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Privatisation of public health services is often met with fierce criticism (co-payments or ‘Mediscare’ anyone?). But positive feedback for Sydney’s Northern Beaches Hospital has allowed the NSW Government to push ahead with a hospital model that could benefit all stakeholders, including private healthcare operators. Continue…

by Ben MacNevin Posted in Health Care.

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Hands up if you read the fine print when you receive a company prospectus. Odds on, your hand is still down. Because the sad fact is most of us have a terrible habit of ignoring the fine print. Put it down to lack of time, a trusting nature, or lack of expertise. Either way, it can be a costly mistake – you need to know what you are about to buy. Continue…

by Ben MacNevin Posted in Market commentary.

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Three years ago, AGL Energy warned of the dramatic imbalance between Australia’s LNG export commitments and inadequate domestic supply. Today, AGL is assessing the merits of building a gas import facility. That’s right. Australia, with some of the world’s largest natural gas reserves, may soon need to import gas for domestic consumption. How has it come to this? Continue…

by Ben MacNevin Posted in Energy / Resources.

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Each year, health care spending chews up an increasingly large chunk of state and federal budgets. This trend is clearly unsustainable. Which is why the Australian government is conducting multiple reviews of the system in the hope of providing more efficient and cheaper care.  So, should we put our faith in the efficacy of these reviews?

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by Ben MacNevin Posted in Health Care.

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The founder of Amazon, Jeff Bezos, is frequently asked, “What’s going to change in the next 10 years?” But far less frequently is he asked, “What’s not going to change in the next 10 years?” So why is this perspective important?

by Ben MacNevin Posted in Video Insights.

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