articles by Tim Kelley
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Is Qantas returning to normal, or something better?
Tim Kelley
November 23, 2020
Back in May, we wrote about potential investment merit in Qantas, noting that, while airlines do not readily fit into the “exceptional business” category, we could see good reasons why an investor might be attracted to Qantas (ASX:QAN) at the mid-$3 price that prevailed at the time. Continue…
by Tim Kelley Posted in Airlines, Companies.
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Why you need to understand ESG investing
Tim Kelley
November 9, 2020
For much of the last hundred years or so, investment decisions have tended to be framed primarily in terms of a hard-nosed assessment of just one thing – shareholder value. Continue…
by Tim Kelley Posted in Investing Education.
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What is the IPO market telling us?
Tim Kelley
October 29, 2020
For obvious reasons, much of 2020 was a quiet time for ASX IPOs: the uncertainty caused by the COVID-19 pandemic made for a challenging investment environment – one that only a brave business owner would want to list into. Continue…
by Tim Kelley Posted in Companies.
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Is bitcoin delivering on its promise?
Tim Kelley
October 22, 2020
2017 saw an extraordinary surge in the price of a Bitcoin. After beginning the year at around $1,000, the world’s first cryptocurrency reached prices of close to $20,000 in late 2017, before quickly dropping below $10,000 in early 2018 and below $5,000 by the end of 2018. Continue…
by Tim Kelley Posted in Foreign Currency.
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What do low interest rates mean for equity markets?
Tim Kelley
September 29, 2020
The last 30-40 years has seen a dramatic shift down in interest rates for much of the developed world. For example, the ten-year government bond yields in Australia and the US have declined from around 14 per cent in the early 80s to more recently lie somewhere not unadjacent to zero. Continue…
by Tim Kelley Posted in Investing Education, Market commentary.
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What to make of the Tesla share price?
Tim Kelley
September 4, 2020
Around ten years ago, a small company called Tesla Motors (NASDAQ:TSLA) launched its IPO on the NASDAQ stock exchange, raising a total of US$226.1 million at a (split adjusted) share price of US$3.40. Since that time, shareholders in Tesla have enjoyed spectacular gains, as set out below. Continue…
by Tim Kelley Posted in Companies.
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Is it time to invest in travel stocks?
Tim Kelley
August 24, 2020
As far as listed companies go, travel stocks are probably ground zero for COVID-19. They have been among the hardest hit in terms of business and share price impacts, and share prices generally remain well below their pre-COVID-levels. Continue…
by Tim Kelley Posted in Companies, Market commentary.
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Is value investing poised to do well?
Tim Kelley
August 5, 2020
One of the most fundamental dichotomies that can be drawn in equity markets is the one that separates “value” from “growth”. In simple terms, you pick a basic metric – say price to earnings ratio – and you divide the market up into those stocks with a PE ratio above the average (growth stocks) and those with a PE ratio below the average (value stocks). Continue…
by Tim Kelley Posted in Investing Education.
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Does Megaport have a bright future?
Tim Kelley
July 2, 2020
Many readers will be familiar with the transformation being wrought in the information technology space by cloud computing. Where previously an enterprise would own and maintain all of its own computing infrastructure on-premises, increasingly, businesses are coming to view computing as a non-core activity that is best consumed as a service. Continue…
by Tim Kelley Posted in Companies, Stocks We Like.
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How should you think about the prospects for a vaccine?
Tim Kelley
June 9, 2020
Gauging the possible extent and duration of the economic downturn resulting from the COVID-19 crisis is a challenging exercise with many unknowns. However, one thing is reasonably clear: in the event that a safe and effective vaccine becomes widely available, the threat posed by the virus will be much diminished and the path to recovery made far smoother. Continue…
by Tim Kelley Posted in Market commentary.
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