Insightful Insights
-
Treasury Wine Estates – Part 3
Stuart Jackson
October 23, 2015
In the third part of my series on the initial assessment of the investment case for Treasury Wine Estates given its leverage to a falling Australian dollar, we look at the influence of industry structure on returns and the potential upside from the falling AUD. continue…
by Stuart Jackson Posted in Consumer discretionary, Insightful Insights.
-
Value Creation – Part 1
Russell Muldoon
October 22, 2015
When it comes to investing, choosing the right businesses to back may seem like a daunting task. With literally thousands of opportunities presented to you daily and loads of exciting ‘stories’ that management teams are more than happy to tell you about in order to attract your capital, there’s a way you can further break down the opportunity set into more bite sized chunks. continue…
by Russell Muldoon Posted in Insightful Insights, Investing Education.
-
The Business – ABC News
Roger Montgomery
October 21, 2015
In this interview with Ticky Fullerton, Roger Montgomery discusses David Murray’s Financial Systems Inquiry recommendations that have put the Big Banks in the line of fire.
Is the decade of clover for the banks and their shareholders over?
You can listen to all of the team’s television interviews through browsing our media library, view more clips here.
by Roger Montgomery Posted in Financial Services, Insightful Insights.
-
Know Your Limits
Tim Kelley
October 20, 2015
Here’s a striking chart. It tracks the share price of BHP Billiton (ASX: BHP) over the past five years, together with the average analyst forecast for BHP’s FY16 Earnings Per Share (EPS) during that period. Unsurprisingly, the two have moved together. Also, changes to analyst forecasts have tended to follow changes to the share price. You might think it should be the other way around, but that’s a discussion for another time. continue…
by Tim Kelley Posted in Energy / Resources, Insightful Insights.
-
Vocus & M2: First thoughts
Scott Shuttleworth
October 19, 2015
The silence on the Montgomery blog around the Vocus Communications Limited (ASX: VOC) / M2 Group Limited (ASX: MTU) reverse acquisition was rather deafening, but as our funds are shareholders in each entity we had extensive due diligence to complete before any response could be warranted. continue…
by Scott Shuttleworth Posted in Insightful Insights, Technology & Telecommunications.
-
WHITEPAPER
HIGHER RETURNS AND LOWER RISK? YES, IT’S POSSIBLE WITH PRIVATE CREDIT
Discover how private credit can deliver higher returns with lower risk in our latest whitepaper. Learn how the Aura Core Income Fund’s AA equivalent rated portfolio has consistently outperformed while maintaining transparency and robust risk management. Unlock the insights to achieve superior risk-adjusted returns today.
READ HERE -
Blacksmiths and Tesla
Roger Montgomery
October 19, 2015
Many investors want to know if the market is going up or down. It doesn’t matter.
Many investors also want to know who is going to win in this era of disruption. That’s also hard to tell. But it is almost boringly easy to find those companies that will lose.
continue…by Roger Montgomery Posted in Insightful Insights, Technology & Telecommunications.
-
Five Forces
Stuart Jackson
October 16, 2015
The importance of ROE (return on equity) and buying companies with bright prospects is sacrosanct here at the Insights Blog but why? ROE is an important explanatory variable for superior share price performance and so we want businesses that can sustain high rates of return. When I talk about bright prospects it is the sustainability of these high rates of return that I am referring to. Whether the bright prospects relate to a rising tide of customers, the ability to pass on rising costs, the ability to be the low cost provider or the changing competitive landscape, how these factors serve to produce a high rate of return on equity is what we care about.
by Stuart Jackson Posted in Insightful Insights, Investing Education.
-
To the victor
Ben MacNevin
October 15, 2015
The fight for market share can be a long and bloody battle. The lucrative reward of market dominance, combined with the threat of obsolescence, spurns companies to engage in years, and even decades, of intense rivalry. But after competing for so long, it can be a small advance by one company which tips the balance and begins a positive feedback loop. Investors that can identify this tipping point may very well share in the spoils of the victor. continue…
by Ben MacNevin Posted in Insightful Insights.
- save this article
- POSTED IN Insightful Insights
-
Disrupted! Investing in Change
Roger Montgomery
October 14, 2015
Whether you call it disruption, transformation or creative destruction, they are simply new age terms for change. Change is a constant in business and more often than not, the emergence of any competitor is generally disruptive to the incumbents, requiring a response that may be transformative, legalistic, regulatory, sunsetting or redefining in some other way. continue…
by Roger Montgomery Posted in Insightful Insights.
- 4 Comments
- save this article
- POSTED IN Insightful Insights
-
Should you try to beat the equity market?
Tim Kelley
October 13, 2015
There are many aspects of personal finance and investment that apply to all of us. For example, with a bit of application we can all find a sensible trade-off between spending today versus saving for the future; we can all determine an asset mix with a reasonable balance of risk and return; and we can all go about our investing in a tax-effective way to maximise the long-term benefits. continue…
by Tim Kelley Posted in Insightful Insights.
- 2 Comments
- save this article
- POSTED IN Insightful Insights
