RBA holds fire – watch our latest Ausbiz episode on the surprise RBA decision HERE.
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Get set for the year of efficiency
Roger Montgomery
February 8, 2023
After a big spending couple of years, Meta CEO, Mark Zuckerberg, last week declared 2023 would be a “year of efficiency.” Zuckerberg’s statement sent Meta’s share price soaring. And his objective of delivering a leaner organisation in the face of a slowing economy is shared by many U.S. companies now reporting full-year 2022 results. Efficiency, it seems, will be one of the key themes this reporting season. Continue…
by Roger Montgomery Posted in Companies, Technology & Telecommunications.
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RBA raises interest rates again, to a 10-year high
David Buckland
February 7, 2023
All English-speaking Central Banks seem committed to higher official cash rates. This interest rate tightening cycle began in New Zealand on 6 October 2021, and six months later Australia was the last to blink, on 6 April 2022. Continue…
by David Buckland Posted in Market commentary.
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Why I steer clear of whisky – and distillers
Roger Montgomery
February 7, 2023
Just how do you value a company like Lark Distilling (ASX:LRK), whose main asset (award-winning Tasmanian whisky) is locked up for years, but increases in value as it matures. The answer: it’s hard. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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Aura Private Credit: Letter to investors 06 February 2023
Brett Craig
February 6, 2023
ADIs, or Authorised Deposit-taking Institutions, have been looking into how to incorporate the same underwriting technology that many fintech/non-bank lenders already have for some time now, with the intention of utilising the technology on unsecured SME credit. Continue…
by Brett Craig Posted in Aura Group.
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Fear and Greed: an investor’s guide to mergers and acquisitions
Roger Montgomery
February 6, 2023
Roger joined Sean Aylmer on the Fear and Greed interview to discuss mergers and acquisitions. What does a company look for when considering a takeover and what happens when they pay too much?
by Roger Montgomery Posted in Podcast Channel.
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Why I’m cautiously optimistic about 2023
Roger Montgomery
February 6, 2023
A number of commentators are calling the current rebound in global markets a ‘dead cat bounce’. Veteran fund manager, and famous ‘perma-bear’, Jeremy Grantham, has even warned that stocks could plunge a ‘stomach-churning 50 per cent’ from here. But I’m not so sure. I think there are plenty of reasons to be cautiously optimistic about the year ahead. Continue…
by Roger Montgomery Posted in Market commentary.
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Australian superfunds driving growth in private debt
Dean Curnow
February 3, 2023
At the end of 2021, Ernst and Young in an annual paper exploring the private debt market in Australia estimated its size to be AU$133 billion and growing 21 per cent year on year.[1] Whilst at a record size for Australia, it remains vastly immature when compared globally where the private debt market is estimated to be as large as US$1.2 trillion which has grown by 13.5 per cent annually over the last decade.[2] Continue…
by Dean Curnow Posted in Aura Group.
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Wonderful companies at wonderful prices?
Polen Capital
February 2, 2023
“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”1 This well-worn adage from Warren Buffett has guided our investment approach for over thirty years and is the title of a piece we published in 2018.2 Given recent market conditions, we’ve chosen to revisit this concept. Continue…
by Polen Capital Posted in Polen Capital.
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