articles by Stuart Jackson
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What to make of reporting season
Stuart Jackson
September 7, 2016
As detailed in one of our blogs in late July, the confession season had been relatively sparse this year. This set the market up for greater levels of earnings surprise than in previous years, and this is exactly what the reporting season delivered. Continue…
by Stuart Jackson Posted in Market commentary.
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Why we prefer to hold, and not TradeMe
Stuart Jackson
August 31, 2016
TradeMe is New Zealand’s leading online marketplace. It’s like eBay, REA, CAR and SEK all rolled into one. Having upgraded its trading platform, the company is set to return to strong earnings growth from FY17. TradeMe fits a number of our preferred investment characteristics, and we continue to hold it in our funds. Continue…
by Stuart Jackson Posted in Companies.
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Woolworths – Market Expectations Factor in A Significant Reversal of Fortunes in FY17
Stuart Jackson
August 10, 2016
On 25 July, Woolworths provided a trading update that guided the market slightly lower on FY16 earnings. Given the negative sentiment surrounding the company, this was viewed as a positive outcome, and Woolworths’ share price appreciated 8.2 per cent on the day. Since then, Woolworths’ share price has drifted back 4 per cent, but remains well above its recent low of A$20.50 on 6 July. Continue…
by Stuart Jackson Posted in Companies, Consumer discretionary.
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Under pressure
Stuart Jackson
August 3, 2016
After the RBA’s latest cut to official rates, many investors will be tempted to take some of their money out of cash in pursuit of the high dividend yields offered by our banks. But are these yields sustainable as the banks feel the squeeze from margin pressure and increased liquidity requirements? Continue…
by Stuart Jackson Posted in Economics, Financial Services.
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Profit reporting season likely to expose expensive share market
Stuart Jackson
July 29, 2016
Business Reporter Stephen Letts takes a closer look at the companies in the ASX 200 and captures comments from Stuart Jackson. Read here.
by Stuart Jackson Posted in On the Internet.
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Sorry is the hardest word
Stuart Jackson
July 22, 2016
As we head into another reporting season, we have taken a quick look at recent trading updates from companies and what this might tell us about what to expect from results. Continue…
by Stuart Jackson Posted in Editor's Pick, Market commentary.
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Beware the forecasting optimists
Stuart Jackson
July 21, 2016
The Dalai Lama has famously counselled that we should all “Choose to be optimistic, it feels better.” Unfortunately, many broker analysts have taken his sentiment to heart, producing earnings forecasts for 2016 and 2017 that we think will end in disappointment. Continue…
by Stuart Jackson Posted in Market commentary.
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Will growing reliance on mortgage brokers hit the banks’ brand power?
Stuart Jackson
July 5, 2016
In recent years, we’ve seen CBA, ANZ and Westpac increasingly turn to brokers to originate mortgages. But could this trend erode their brand value and, consequently, reduce their ability to generate a higher than normal return on capital? Continue…
by Stuart Jackson Posted in Editor's Pick, Financial Services.
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Is it helpful to compare historical market values?
Stuart Jackson
June 21, 2016
Like me, you’ve probably seen or read a number of industry professionals talk about the value of the overall market and, in particular, the PE ratio of the market relative to its longer term history. But how helpful is this when it comes to making investment decisions? Continue…
by Stuart Jackson Posted in Investing Education.
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Dairy, Dairy Me
Stuart Jackson
June 16, 2016
As set out in the Montgomery [Private] Fund prospectus, there are 3 core attributes we look for when selecting stocks for inclusion in the portfolio. These are: Continue…
by Stuart Jackson Posted in Editor's Pick, Manufacturing.
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