Insightful Insights

Caterpillar’s 125,000 staff awoke this morning to hear that Jim Chanos, president and founder of Kynikos Associates, was on a short selling crusade. continue…

by David Buckland Posted in Companies, Insightful Insights.

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For the last several weeks we have been looking hard to find new value opportunities, but have found very few. The reporting season just around the corner may reveal a few surprises, but for the moment we are sitting on our hands. This can be unsatisfying, but sometimes being a good musician means knowing when to stay silent. continue…

by Tim Kelley Posted in Insightful Insights.

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Ainsworth Game Technology (ASX: AGI) is not a business that will appeal to all investors. Problem gambling is a genuine concern, but for many a night at the casino is a valid form of casual entertainment. Spending my pocket money on video games all those years ago held similar enjoyment while having a similar impact on my own finances. continue…

by Russell Muldoon Posted in Companies, Insightful Insights.

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Many companies struggle when their core market reaches maturity. Some managers attempt to increase earnings through acquisitions, while others may choose to return capital to investors. But mature companies possess an asset that can be very valuable if effectively managed, and FlexiGroup is an example of a company that is attempting to use this particular asset to full effect. continue…

by Ben MacNevin Posted in Companies, Insightful Insights.

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China Ronsheng Heavy Industries, the biggest Chinese-based shipbuilder outside the State’s control, represents everything that is good and bad in that country. continue…

by David Buckland Posted in Companies, Insightful Insights.

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In recent years, a steadily climbing Australian dollar has been a significant headwind for a number of businesses in Australia, hindering their annual growth rates. This trend has now reversed, meaning that the earnings effect has switched – and we are keenly watching. continue…

by Russell Muldoon Posted in Insightful Insights.

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The market has been swinging like a violent pendulum in the past week. One day it’s up, the next it is down. The media have been quick to offer explanations, but all this really does is create noise for investors. continue…

by Ben MacNevin Posted in Insightful Insights, Market Valuation.

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The Australian market, excluding reinvestment of dividends, rose 15.5 per cent in the year to 30 June 2013, from 4,135.5 to 4,775.4. The vast bulk of this gain came in the December 2012 half-year. continue…

by David Buckland Posted in Insightful Insights.

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A number of New Zealand companies with a presence in Australia have reported full-year results or provided earnings updates in recent weeks, and one particular theme has emerged that does not bode well for the upcoming reporting season. continue…

by Ben MacNevin Posted in Insightful Insights.

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As real interest rates increase, PE multiples should theoretically contract.

In the past eleven months, US 30 Year Bonds have risen over 1.0% – from 2.45% to above 3.50% – while inflationary expectations have been declining. continue…

by David Buckland Posted in Insightful Insights.

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