Companies

Coronavirus adds to Cathay pain

Lachlan Mackay

January 23, 2020
As aerospace headlines are flooded by the Boeing 737 MAX crisis, behind the scenes Cathay Pacific Airways have faced troubles of their own. Hong Kong’s flagship airline, Cathay has struggled amidst the ongoing protest situation. Tourism to Hong Kong has fallen sharply since the often-violent demonstrations began. continue…

by Lachlan Mackay Posted in Airlines, Companies

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How tech firms could help us win the war on waste

Roger Montgomery

January 22, 2020
As the world grapples with the problem of managing our mountains of waste, a few tech firms are coming up with highly innovative and profitable ways to convert waste into commercial products – proving yet again that ‘where there’s muck, there’s money’. continue…

by Roger Montgomery Posted in Companies, Manufacturing

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Atlas Arteria profits from negative rates

Joseph Kim

January 14, 2020
One of Shakespeare’s most famous quotes is “Neither a borrower nor a lender be.” But toll road operator, Atlas Arteria (ASX: ALX), may beg to differ. It’s just been paid to borrow €500 million in bonds. It makes you wonder: has there ever been a better time to borrow? continue…

by Joseph Kim Posted in Companies, Editor's Pick, Stocks We Like

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Medibank ‘insuring’ growth

Roger Montgomery

December 11, 2019
Medibank Private (ASX:MPL) is a long term holding in The Montgomery Fund and The Montgomery [Private] Fund with our investment case being partly based on superior investment in productivity, thanks to scale, that delivers both a functionality and cost advantage over its competitors. continue…

by Roger Montgomery Posted in Companies, Health Care, Stocks We Like

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A step change for Adairs

Dominic Rose

December 10, 2019
As small cap investors, we are constantly seeking money-making opportunities arising from change events. We look for the emergence of specific structural or cyclical factors which have the potential to open up new markets, drive earnings higher or alter market perceptions about business quality or valuation. Last week we were encouraged by news that one of our portfolio holdings, homewares retailer Adairs (ASX:ADH), had agreed to acquire fast-growing, pure-play online furniture retailer, Mocka. continue…

by Dominic Rose Posted in Companies, Stocks We Like

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WHITEPAPERS

FINDING ATTRACTIVE RETURNS IN A LOW RATE ENVIRONMENT

There is a strong case for interest rates remaining structurally lower for a protracted period of time. In our Part II Whitepaper, we consider the consequences on asset prices – in particular on equity prices. We believe the equity market offers investors attractive risk-adjusted returns on average and that equity risk is being priced differently between certain geographies and sectors. This raises the prospect of attractive opportunities ahead.
download the whitepaper
Uniti Continues to Unify at an Electrifying Pace (Part 2)

David Buckland

December 9, 2019
Adelaide-based telecommunications company Uniti Wireless (ASX: UWL) is continuing its spending spree with additional acquisitions that has seen the market capitalisation grow from $33 million to the current $555 million. A staggering increase of $522 million in just nine-months! continue…

by David Buckland Posted in Companies, Editor's Pick, Stocks We Like

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Could BVOD rescue our free-to-air TV networks?

Phillip Namara

December 9, 2019
Over the past 10 years, Australia’s free-to-air (FTA) television networks have been increasingly squeezed by the influx of highly competitive streaming services and falling advertising revenue. They’ve responded by offering broadcasting-video-on-demand (BVOD). It’s proven to be extremely popular, and is helping to offset declining revenues. continue…

by Phillip Namara Posted in Companies, Media Companies

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Is PointsBet Holdings worth a bet?

Gary Rollo

December 3, 2019
Finding growth businesses with a long runway of opportunity, that can also grow independent of the economic cycle, can feel a bit like looking for a needle in a haystack. But we think PointsBet Holdings (ASX:PBH) is one of those businesses. PointsBet Holdings is at the ground floor of the commercialisation of legal online sports betting in the US. Its share price has doubled since June and we think there’s more growth to come. continue…

by Gary Rollo Posted in Companies, Stocks We Like

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Alibaba’s long growth runway

Daniel Wu

November 29, 2019
Earlier this week, Alibaba completed a long-anticipated secondary listing on the Hong Kong Stock Exchange, raising at least US$11 billion in the biggest IPO of the year. The Hong Kong listing brings the investor base closer to Alibaba’s actual business operations in China, and the stock has unsurprisingly received strong support from mainland investors who can finally participate in the growth of China’s most valuable public company. And that growth does not appear to be slowing any time soon. continue…

by Daniel Wu Posted in Companies, Stocks We Like

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What did we learn from the Telstra Investor day?

Tim Kelley

November 28, 2019
On 27 November Telstra (ASX:TLS) held an investor day to update shareholders and other stakeholders on progress in respect of the T22 strategy. What new information did we glean from the update? continue…

by Tim Kelley Posted in Companies, Stocks We Like

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