Doing the same thing over and over again
Thursday, April 11th, 2019Someone (maybe it was Albert Einstein) once opined that: “Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results” Albert Einstein It is our view that the maintenance of negative rates of interest across both Europe... Continue reading
Brambles is back as a quality investment – here’s why
Thursday, April 4th, 2019Backing ASX large-cap turnarounds remains one of the most reliable investment strategies on the ASX and the latest example is Brambles, which is back to what it used to be and should have remained: a) an instigator and beneficiary of... Continue reading
Company Update: 1300 Smiles
Thursday, April 4th, 2019Leading ASX-listed dental services company 1300 Smiles (ASX: ONT) looks well positioned to drive growth in a tough market, having recently announced a material acquisition in South East Queensland. ONT owns and operates full-service dental and orthodontic facilities across New... Continue reading
On the couch with the Budget
Thursday, April 4th, 2019The minority of Australian TV viewers that chose the Budget Address rather than tuning in to Married at First Sight were still entertained by coverage that combined poor quality acting with choreographed hugs. Whether this is a government that has decided to leave is... Continue reading
Mid-cap holdings review
Thursday, March 28th, 2019 OWNERSHIP DISCLOSURES: Clime Group owns shares in WEB, GUD and HUB.... Continue reading
Company Update: Audinate
Thursday, March 28th, 2019Audinate (AD8) is an emerging technology leader at a positive inflexion in its trajectory, one we see as a candidate for inclusion in the ASX Model Portfolio. AD8 develops and markets digital audio networking technology. Its flagship product set, Dante,... Continue reading
Fed puts rates on hold
Thursday, March 28th, 2019The US Federal Reserve acknowledges slowing economy and no rate rises for 2019 In a highly significant development for global markets, at the end of a two-day meeting in Washington, the US Federal Reserve decided unanimously to keep the target... Continue reading
Webjet a star result
Thursday, March 21st, 2019Webjet was one of the standout results of reporting season. The share price had come under significant pressure in the 4th quarter of 2018 because of concerns around the consumer environment in Australia and weaker travel activity in Europe. For those... Continue reading
Silent achiever: APN Property Group
Thursday, March 21st, 2019Markets and associated sentiment can be fickle. At times, companies can go about their business building value without necessarily being rewarded by the market. Small cap property focused asset manager, APN Property Group (ASX: APD), would fall into this bucket.... Continue reading
Is Woolies an opportunity?
Thursday, March 21st, 2019Woolworths’ interim result last month disappointed and the shares fell briefly before rebounding to where they were before the result: around $30. Does this mean there is nothing to worry about after all and the stock is a buy? Not... Continue reading
Stock in the Spotlight: Macquarie Telecom
Friday, March 15th, 2019Macquarie Telecom (ASX:MAQ) recently delivered a solid 1H19 result headlined by EBITDA of $25.5m for the half, up 14% and in line with expectations. Management provided first-time FY19 guidance of $51-$53m, implying growth of 10% for the fiscal year. The... Continue reading
Company Update: Orora
Friday, March 15th, 2019Since demerging from Amcor at the end of 2013, Orora (ORA) has delivered five years of consistent earnings and dividends per share growth. Dividends per share have increased from 3.0c in February 2014 to 6.5c in February 2019. This is... Continue reading
John Abernethy’s breakdown of the Berkshire Hathaway letter
Friday, March 15th, 2019In prior years, when we have reviewed Warren Buffett’s annual letter to shareholders, we have noted the unique structure of Berkshire Hathaway (“Berkshire”) and stressed its importance in facilitating the self-funding of its growth. Berkshire is akin to a “mutual”... Continue reading
Market Wrap: Positive reports
Friday, March 8th, 2019 Clime Group owns shares in RIO, WEB, BXB and HSN.... Continue reading
Solid returns outside the ASX50
Friday, March 8th, 2019Magellan Financial Group We recently initiated a position in MFG. A key rationale for this investment is that the resilient performance of Magellan’s global equities strategies through the recent market volatility is likely position the business for strong retail inflows.... Continue reading
Something’s gotta give
Friday, March 8th, 2019Australian company earnings update – eps growth of 3% for FY 19 The Australian company reporting season is almost complete. Reported company results have broadly been in line with expectations that had been lowered in the “confession season” last year.... Continue reading
The Japanese Syndrome
Thursday, February 28th, 2019In January 1990, the Japanese stock market as measured by the Nikkei 225 index was trading at above 38,000 points. Today, some 29 years later, the index is sitting just above 21,000 points – the same level as in both... Continue reading
Treasury Wine’s undervaluation outweighs its risks
Thursday, February 28th, 2019On balance, Treasury Wine Estates’ growth potential and undervaluation make the stock an opportunity at current prices, though investors may choose to manage their exposure to the unique risks in this stock through a smaller weighting than for other large-cap... Continue reading
Market Wrap: Two new positions
Thursday, February 21st, 2019 Clime Group owns shares in NGI, CSL, GUD, MFG, AMC and JIN.... Continue reading
Fed up … then put up
Thursday, February 21st, 2019In our new world of “fake news”, there are increasing observations of fake excuses, fake conclusions and fake reasons. In this environment, we suggest that January’s pronouncement of monetary policy changes by the US Federal Reserve (the Fed) through its... Continue reading
