Companies
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Why we continue to like Challenger
Roger Montgomery
February 20, 2017
Challenger Financial Group (ASX:CGF) has over $60b in assets, commands the leading market position in annuities, and has a growth profile that should be supported by a rising tide of superannuation assets. We like the business – it’s one of Montgomery’s larger positions. Our views were confirmed this week, when Challenger presented its interim results.
continue…by Roger Montgomery Posted in Companies, Editor's Pick.
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IDP capitalises on global demand for a good education
Stuart Jackson
February 14, 2017
IDP Education (ASX:IEL) is a provider of international student placement and English language testing services. It also owns English language schools in South East Asia and organises educational events and conferences. IDP’s strong result for the six months to December 2016 saw a spike in its share price, and confirmed our faith in this high quality business. continue…
by Stuart Jackson Posted in Companies.
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Genworth’s result points to increasing levels of stress in our highly geared economy
Stuart Jackson
February 10, 2017
If you want to find more signs of stress in the Australian economy, then look no further than the recent result of Genworth (GMA:ASX), our largest mortgage insurer. In its announcement, GMA noted rising delinquencies, moderating economic conditions, and increasing underemployment. The result also signals that bad debt provisions may be a headwind for banks in FY18. continue…
by Stuart Jackson Posted in Companies.
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When is quality ever cheap?
Roger Montgomery
January 31, 2017
All investing is value investing. If price is what you pay, value is what you receive. Your job as an investor this year — and every year — is to pay a lower price than the value you get.
by Roger Montgomery Posted in Companies.
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Are small and mid-cap stocks good value?
Roger Montgomery
January 27, 2017
Let me start by making something clear. The best returns will not come from the large-cap blue chips that so many baby boomers are invested in. They are likely to come from the stocks that have been beaten up the most in recent months.
continue…by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary.
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After its price plunge, is McMillan Shakespeare a bargain?
Scott Shuttleworth
January 25, 2017
Since hitting a high of around $15 in mid-2016, McMillan Shakespeare (ASX: MMS) has fallen to around $11. At this price, and with a demonstrated ability to consistently earn high returns on equity, it seemed like a good candidate for inclusion in our portfolios. So we conducted some due diligence. The outcome is a must-read for all would-be investors. continue…
by Scott Shuttleworth Posted in Companies, Editor's Pick.
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Trialling a New Car Model
Ben MacNevin
January 24, 2017
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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Warning: there might be bank pain ahead
Roger Montgomery
January 20, 2017
Since early November 2016, owners of Australian bank shares have been heartened to see stock prices rise sharply. But this could be as good as it gets – at least for a while – and it may be time for shareholders to take some profits and seek out opportunities in over-sold small and midcap companies. continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Financial Services.
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The headwinds hitting free-to-air TV keep blowing stronger
David Buckland
December 12, 2016
Ten Network Holdings Limited (TEN:ASX) held its 2016 annual general meeting last week. The news was not great for shareholders, who are witnessing the decline of a once-robust media company. And there seems to be no light at the end of the tunnel. continue…
by David Buckland Posted in Companies.
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Aussie retailers, watch out – could Amazon Go disrupt you?
Stuart Jackson
December 7, 2016
Our retailers are about to face a whole new challenge. Amazon has announced it will trial a new concept store in the US that uses its ‘Just Walk Out’ technology to change the format of a traditional grocery store by removing cash registers and the check-out process. Customers simply use the Amazon Go app, then take the products they want, and go. It’s set to come to our shores in late 2017. continue…
by Stuart Jackson Posted in Companies, Editor's Pick.
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