Companies

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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by Roger Montgomery Posted in Companies.

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by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary.

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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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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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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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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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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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Like many high quality firms, REA Group’s (ASX: REA) share price has rerated significantly over the past few months, dropping from over $65 to around $52. Despite this, we think REA’s prospects have continued to improve, and as discussed recently on the blog we strongly believe this presents a great buying opportunity for long-term investors. continue…

by Scott Shuttleworth Posted in Companies.

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APN Outdoor is a leader in outdoor advertising.  The company has over 50,000 high-impact sites in attention-grabbing locations across Australia and New Zealand.  But recently, like many other high-quality mid and small caps, its share price was severely smashed.  So, what’s going on, and is it time to snap up shares at these beaten-down prices? continue…

by Roger Montgomery Posted in Companies.

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