A review of recent past and our outlook - 24/04/12

During September last year, markets were capitulating under a weight of worry flowing from a potential default by Greece plus the deteriorating fiscal positions of both Italy and Spain. There were more concerns in October when the German Administration “seemed” … Continue reading →

Introducing our growth stock portfolio - 20/04/12

PORTFOLIO POINT: This new growth stock portfolio aims to deliver returns of at least 10% p.a.compound over the next three to five years. Today I am introducing my growth stock portfolio for Eureka Report readers, which has been designed using … Continue reading →

Regional Banks – Cheap, but are they worth investing in? - 29/03/12

Today we take a look at how the regional banks compare to their larger peers. Regional banks, Bendigo and Adelaide Bank Limited (ASX:BEN) and Bank of Queensland Limited (ASX:BOQ), are cheap on a fair assessment of intrinsic value today with … Continue reading →

Value Investing (our investing philosophy) - 23/03/12

Value investing involves the concept of identifying what a company’s stock is actually worth (rather than its current price), and buying and selling when the two are significantly out of line.

Value Investing - 23/03/12

Value investing is not a new idea. In fact, we can trace its origins back to 1928. Probably the most famous proponent is Warren Buffett, who used these principals to become one of the world’s most successful investors. Value investing … Continue reading →

Looking into the future - 15/03/12

“… to our mind it is more sensible to focus on that which is more predictable – the likely changes to the economic environment over the next 3 to 5 years. From this we can focus on what is important … Continue reading →

Glossary - 14/03/12

Changes in Reserves - 13/03/12

Changes in reserves = (closing ordinary equity – opening ordinary equity – retained profits – new ordinary share capital) + buybacks. This figure must agree with that shown in the Balance Sheet and represents changes in other asset values not … Continue reading →

Annualised Investment Performance - 13/03/12

The amount of interest, expressed by a percentage, that an investment earns per year on average over a defined number of years. Not to be confused with annual investment performance, which is a single-period return, whereas an annualised investment performance … Continue reading →

Abnormal Gains (Loss) - 13/03/12

Abnormal gains are usually gains of a non-recurring nature. For example, an unrealised gain from currency hedging would be written back as an abnormal because it is not congruent with the normal operations of the business. MyClime’s analysts further differentiate … Continue reading →