articles by Stuart Jackson
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Australian outdoor advertising revenue growth
Stuart Jackson
July 7, 2017
In past posts, we have discussed the outlook for the outdoor advertising industry in Australia. There are a number of reasons why the outdoor advertising industry should grow its share of the overall advertising pie over the next five to ten years. Continue…
by Stuart Jackson Posted in Media Companies.
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Is Link’s acquisition of Capita Asset Services as good as it seems?
Stuart Jackson
June 29, 2017
On 26 June, Link Group announced the £888m acquisition of UK-based Capita Asset Services. This was heralded as a transformational acquisition. After all, it will increase Link’s enterprise value by a whopping 50%. But is the deal a plus for shareholders? Continue…
by Stuart Jackson Posted in Companies.
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What Amazon’s Whole Foods buy means for Aussie retailers
Stuart Jackson
June 23, 2017
Probably the biggest story of late was Amazon’s announcement that it would acquire the high-end grocery chain, Whole Foods, for US$13.7bn. The purchase is a significant step-up in Amazon’s assault on traditional grocery retailers. With the U.S. behemoth about to set foot on our shores, should Coles and Woolworths be even more alarmed? Continue…
by Stuart Jackson Posted in Companies.
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New data show slowing loan growth for the big banks
Stuart Jackson
June 5, 2017
The Reserve Bank and APRA have just released their credit statistics for April. The numbers show a slowing in loan growth rates that was consistent with the recent major bank results to March 2017. The source of slowing is primarily from weakening growth in loans to the corporate sector, while mortgage book growth remains reasonably stable at around 7% year on year. Continue…
by Stuart Jackson Posted in Financial Services.
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Should bank investors be alarmed by the proposed levy?
Stuart Jackson
May 25, 2017
The Federal Government’s proposed bank levy has opened up a battlefront with the major banks, not to mention shareholders and bank staff. On face value, the 6 basis point levy seems relatively benign. But we think it will increase investment risk in an already overvalued sector. Continue…
by Stuart Jackson Posted in Financial Services.
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Bank reporting
Stuart Jackson
May 23, 2017
In this week’s video insight Stuart discusses the first half results of the major banks and the five main components of a bank’s result.
by Stuart Jackson Posted in Video Insights.
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Murray Goulburn shows what can happen if management is not shareholder oriented
Stuart Jackson
May 4, 2017
When we assess whether or not to invest in a company, we ask: is it an extraordinary business, is management shareholder oriented, and is it trading at an attractive price. The recent announcement by Murray Goulburn (ASX:MGC) shows the downside when management is not shareholder oriented. Continue…
by Stuart Jackson Posted in Companies.
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Telstra and TPG, who will win share?
Stuart Jackson
April 27, 2017
Stuart Jackson writes an article for the AIA about TPG’s intention to build a fourth mobile network in Australia. Read here.
by Stuart Jackson Posted in In the Press.
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Telstra and TPG, who will win share?
Stuart Jackson
April 18, 2017
TPG has confirmed its intention to build a fourth mobile network in Australia with its successful A$1.26bn acquisition of two 10MHz spectrum licenses in the most recent Government tender. The market’s reaction has been savage, with the share price of the dominant incumbent operator Telstra, falling by almost 10 per cent since TPG’s announcement. Continue…
by Stuart Jackson Posted in Editor's Pick, Technology & Telecommunications.
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Banks and property investors should brace for increased capital requirements
Stuart Jackson
March 31, 2017
One of the drivers behind the recent bank rally has been a perception we are over the worst of the risks around increasing regulatory capital requirements. But are we? A report card from the Basel Committee on Banking Supervision indicates this view might be a little premature. If so, there could be ramifications for banks and property investors alike. Continue…
by Stuart Jackson Posted in Editor's Pick, Financial Services.
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