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Who says boring can't be beautiful? While much of the attention in ASX small caps has centred around Buy Now, Profit Later and e-commerce stocks, a handful of quality businesses are on a tear. In this episode, Gary Rollo of Montgomery and Chris Stott of 1851 Capital discuss high-calibre companies with a proven track record of profitability and shre…
 
Exchange-traded funds (ETFs) are growing rapidly in popularity among Australian investors. The ~240 ETFs on the ASX hold nearly $70 billion in assets. Of course, not all funds are created the same. Like stocks, some of them have been utter duds and delivered poor returns as they track niche parts of the market or due to flawed and complicated metho…
 
Since the market bottomed in late March, the S&P/ASX Small Ordinaries Index has soared over 40%. However, it's evident that the rebound is thus far two-tiered in nature; e-commerce and technology-oriented stocks have done much of the heavy lifting and left nearly everything else in their wake. The key question for investors now is whether the dicho…
 
Search queries for exchange-traded funds (ETF) have exploded in 2020, especially on the back of COVID-19. The number of people seeking information on Google for this investment vehicle has popped 88% from this time last year, and queries such as "Investing in ETFs", "Managed funds vs ETFs" and "Vanguard ETFs" are proving particularly popular. With …
 
Companies developing products for massive end markets are one of the hottest vectors of opportunity in the market right now. The idea is simple: develop a product or solution that requires a relatively low fixed cost but meets the needs of a large population. In this episode of Buy Hold Sell, Chris Stott of 1851 Capital and Gary Rollo from Montgome…
 
At Livewire we’ll cheerfully admit that we’re a little obsessed with analysing data and using algorithms in various ways to serve you the best and most relevant content. One feature we’ve seen explode in popularity is the ‘Search Livewire’ function (up there, at the top). If you punch in a stock code, you’ll find the latest wires and contributors d…
 
There’s no doubt this year has been a shocker thanks to the pandemic. And the latest reporting season has got in on the act by providing us with another jolt to the senses. The latest one delivered a few eyes-wide-open, jaw-dropping results, although that’s not to say it was all shockingly bad. In this episode of Buy Hold Sell, Henry Jennings from …
 
Who doesn’t adore the so-called “Comeback Kings”? These are companies that were stuck in a miserable rut and written-off by the market… only to then soar back to stardom. In this episode of Buy Hold Sell, James Gerrish of Market Matters and Henry Jennings from Marcus Today ruminate over five ASX stocks that have come back from a prolonged slump or …
 
If you think big caps are the only defensive stocks, think again. Small caps have led the way to a recovery, proving that they really can be resistant to external shocks. Since March lows, the ASX Small Ordinaries is up ~66% (as of August 20), with no signs of slowing down. On this episode of Buy Hold Sell, Ben Clark of TMS Capital is joined by Vic…
 
At a high level, the commodities sector appears to be a bright spot in a market ravaged by the pandemic. The S&P/ASX Metals & Mining Index has advanced 7% year-to-date, compared to a nearly 10% fall for the All Ordinaries. But as investors are well aware, commodity prices don't behave in a homogenous manner. Whereas precious metals such as gold and…
 
The financial fallout from COVID-19 is now in plain sight as the first wave of results which fully capture the damage from forced lockdowns are released to the market. For income investors, the profit drops and subsequent dividend reductions (or lack of increases) from traditional payers such as CBA, Telstra and Transurban are sobering. But while b…
 
Some of the most fabled investment success stories of today include the likes of Apple, Afterpay, Microsoft and Shopify. If we consider the common factors that tie these companies, they include: 1) They offer a loved or essential product; 2) Their business model can be scaled easily, and 3) Most importantly, the end market is gargantuan and covers …
 
The prospect of outsized returns in small caps is a calling card for investors. Returns above of 150% for the top quintile of small-cap stocks dwarfs the ~50% returns for the equivalent large-cap cohort, according to Refinitiv. The catch, however, is that the worst-performing small-cap stocks have more downside than their large-cap counterparts. In…
 
If there's any sweet spot for a growth investor to be in, it's within an industry booming due to a structural shift in demand for a given product or service. However, a growth industry is just half the story; the other critical part, as legendary investor Warren Buffett puts it, is having "able and honest managers". In this episode, Tobias Yao of W…
 
Throughout Buy Hold Sell, fundies have generally agreed that the best businesses to own in the current environment are those offering highly scalable technology solutions; essential healthcare products; defensive dividend yields and commodities. In this episode we cover a delectable cross-section of these companies: two of which are Blake Henricks …
 
With August results season around the corner, investors will finally get a clear picture of COVID-19’s impact on corporate Australia. We know it’s going to be bad, but how much is already in the price? When Jun Bei Liu of Tribeca Investment Partners considers that question, she’s upbeat about the month ahead. “… it’s important to work out which ana…
 
Amid a pandemic ripping through equity markets, there are a set of stocks which quickly developed herd immunity and eliminated the virus from their growth trajectory to become the top-performing ASX 200 companies. These five superstars, with an average market cap of $9 billion, emerged from March with a scorching vengeance to round-off financial ye…
 
In the previous video, Roger Montgomery of Montgomery Investment Management and Ben Clark from TMS Capital stressed the importance of not overpaying for growth businesses to avoid being caught in the crossfire of high earnings expectations and an underwhelming reality. In this episode, the duo scour stocks in the domestic and international markets …
 
Have Australian investors mistaken their strategy all these years? As markets emerge from the “Corona Crash”, it’s evident that high growth stocks continue to be the best performers. For those expecting a great rotation whereby cheap, dividend-paying businesses would finally be prized for their cashflow generation in an uncertain economy; that theo…
 
An investor’s best friend… Google. We all use it, we all love it. Google processes approximately 70,000 search queries per second, meaning 5.8 billion searches per day. So we had to wonder, what are the most googled ASX stocks? Here, Ben Clark from TMS Capital and Roger Montgomery from Montgomery Investment Management discuss the six most googled A…
 
Investors in traditional ASX 200 dividend stocks are expected to receive chump change over the next 12 months as companies "deny, defer or diminish" payments, as Nikko AM alludes in this recent wire. The fall in income expectations, combined with a spike in share prices, has seen yields compress across the broader market towards 3%. But this situat…
 
The S&P/ASX Small Ordinaries Index has staged an extraordinary comeback, lifting 50% in value since the 23 March COVID trough. For Simon Conn of Investors Mutual and Dean Fremder of Perpetual Investments, the surge in prices means the sector is fully valued. The strategy now is all about finding hidden gems that have been left behind, and luckily f…
 
Amid one of the direst economic environments since World War 2, ASX small caps are living up to the spirit of Australian ingenuity. Through hard work and creativity, quality management teams are finding ways to survive and even thrive in adverse conditions. For investors, the question is which great businesses are still available at a reasonable pr…
 
After every stock market bust and boom there tends to be a changing of the guard. Think back to after the GFC, when commodities and financial stocks faded from glory and gave rise to stellar gains in health and tech names. Behavioural and societal changes arising from COVID-19 are expected to shake up the financial world order again. In this episod…
 
Livewire readers have so far nailed their bullish call on the market. Since we published those survey results, the ASX 200 train is full steam ahead (up +21.50% to be precise). The three critical questions for investors now are: 1) Is there much gravy left? 2) Where are the next sector rotation opportunities? 3) What can make the locomotive stall o…
 
Elon Musk's SpaceX rocket isn't the only thing that's shot through the stars in recent days. ASX financials are having their own out-of-orbit moment, with the sector up over 15% this past fortnight. But not all companies have shared the spoils equally, with some stocks running too far and others lagging behind. In this episode, Matt Williams of Air…
 
There can often be pitfalls in pursuing a 'one or the other' strategy in equities. Hunting income can lead to yield traps. Chasing growth may result in overpaying for assets and being left with a thin margin of safety. In this episode, Dr Don Hamson of Plato Investment Management and Chris Hall from Ellerston Capital discuss stocks that can provide…
 
Retiree investors have borne significant financial pain as a result of the COVID-19 crisis and measures to stop its spread. Analysis by JPMorgan predicts that dividends, rental income and interest payments will drop by $135 billion in the 2020 financial year. Income investing experts Dr Don Hamson of Plato Investment Management and Chris Hall of El…
 
Dividend cuts are a hot topic for income investors. The team at Plato Investment Management expect ASX 200 payouts to fall 30% on aggregate this year. While some big payers have cut or deferred payments, not all companies are giving shareholders grief. In this episode, Dr Don Hamson of Plato Investment Management and Chris Hall from Ellerston Capit…
 
For two fund managers to disagree on all stock ideas is pretty rare on Buy Hold Sell, but this happens to be one of those moments. Matthew Kidman hosts a discussion with Simon Shields of Monash Investors Limited and Anthony Aboud of Perpetual Investments about uncorrelated stocks; companies whose earnings are detached from the prevailing economic s…
 
It’s becoming increasingly evident among Livewire readers and contributors that a new bull market has been forged in the depths of one of the worst event-driven crises in history. Day-by-day, the conversation is gravitating towards how high the market will rise as opposed to when it will re-test the bottom. In this extended discussion, Anthony Abou…
 
Value stocks have been long forgotten. But during this bear market, will they be remembered by investors and come back into vogue? In this episode of Buy Hold Sell, Simon Shields from Monash Investors and Anthony Aboud from Perpetual Investments join Matthew Kidman to talk all about the potential resurgence of value stocks and their future prospect…
 
A handful of stocks outside the ASX 20 have proved especially popular during the COVID-19 induced stock market rout and (contentious) recovery, according to data provided by Sharesight. In this episode, Ben Rundle of NAOS Asset Management and Michelle Lopez from Aberdeen Standard Investments debate whether the stocks investors have been stockpiling…
 
In 2019, nobody would have expected the likes of Cochlear to hold a capital raising anytime soon, but amid a severe and sudden collapse in earnings, companies have asked investors for more than $9 billion of equity capital to survive and in some cases, thrive. In this extended interview, Michelle Lopez of Aberdeen Standard Investments and Ben Rundl…
 
It may be a gloomy backdrop for the economy as many companies cancel their earnings guidance due to the coronavirus-driven downturn. But even in this environment, there are a handful of stocks whose earnings refuse to go into lockdown. In this episode, Michelle Lopez from Aberdeen Standard Investments and Ben Rundle of NAOS Asset Management join Vi…
 
In the midst of a crisis, it’s time to start thinking long term. In five years time, what companies will still be growing? Which companies have what it takes to prosper through this crisis? In this special global equities edition of Buy Hold Sell Matthew Kidman is joined by Charlie Aitken from Aitken Investment Management and Nick Griffin from Munr…
 
The lyrics “turn and face the strange” from David Bowie’s 1971 hit song “Changes” could not be a more fitting way to describe the challenges investors are facing today. COVID-19 has raised doubts about themes that many considered structural and sound such as the desire (or need) to travel, the use of office space and the pain befalling banks and in…
 
Who knew that in 1982 when Fat Larry’s Band sang “Zoom” that it would become synonymous with the name of the A$57 billion software company that’s enabled the work-from-home era? Despite mass-lockdowns, Zoom and a bunch of other companies are seeing their share prices ‘flyin’ high in a neon sky’ amid the coronavirus economy. In this global equities …
 
One of the themes that emerged from Saturday's extended interview with Ben McGarry of Totus Capital and Steve Johnson from Forager Funds was for investors to check their portfolio and evaluate the balance sheets of their holdings. In this episode, we get Ben and Steve to put some widely-held stocks under a stress test and gauge whether they have wh…
 
The Australian equity market at one stage fell nearly 35% from its all-time high in just over a month amid the COVID-19 crisis. The challenge for investors is working out - against huge swathes of data and human emotion – whether shares are priced correctly against wartime stimulus measures, an impending recession and a pandemic with vague signs of…
 
With Covid-19 effectively cancelling the economy, nothing is more important from an investment perspective than a company's ability to generate cash flow to get through this unprecedented period. As such, we've brought together Steve Johnson of Forager Funds and Ben McGarry from Totus Capital to discuss stocks poised to be cash earners or cash burn…
 
A tornado has ripped through markets in the last three months, knocking the S&P/ASX 200 Index down 30% in just 30 days. With countries shutting borders, economic activity plunging and forecasts of a sharp recession gaining traction on the back of Covid-19, risk assets remain susceptible to more damaging gusts of wind. It is paramount then that each…
 
15 trading sessions: That’s all it took for the ASX200 to collapse by a stunning 32% as of midday today, erasing four whole years of gains. This is a conundrum because, while some screaming bargains have appeared, the market is in freefall. Given this strong downward momentum, we brought this interview forward for you as Chris Stott of 1851 Capital…
 
The long-awaited sell-off in markets has finally arrived and as is usually the case, the bears are sinking their teeth hardest into the small fish, with the S&P/ASX Small Ordinaries Index off over 20% in the past month. But the five stocks in today's episode aren't just any small caps; 3 of them (EML Payments, City Chic and WISR) featured in the fu…
 
One way to beat the crowd is by betting against it. It's a strategy known as contrarian investing and it involves buying stocks out of favour with the broader market, with a view that they will produce outsized gains in the event of a successful turnaround (think Tesla recently). But cheap shares are often cheap for a reason - businesses that have …
 
With global markets officially in correction territory this week, February has very quickly become a month to forget for investors. But as the famous expression by Winston Churchill goes: “Never let a good crisis go to waste.” For patient investors who’ve been squirreling away cash, the time appears nigh to unleash some dry powder. That’s exactly w…
 
A combination of lacklustre earnings announcements combined with coronavirus jitters has knocked almost 7% from the S&P/ASX 200 Index in a week. But amid the darkness, there are some stocks exhibiting resilience or re-rating after surpassing expectations. Watch, read or listen in to find out which stocks we discuss, and what the experts think. In t…
 
While the overall market continues to push higher against a tempest of macroeconomic headwinds, several darlings have recently been struck down by the perfect storm. In this episode of Buy Hold Sell, we’ve invited James Gerrish of Shaw and Partners and Roger Montgomery of Montgomery Investment Management to discuss four stocks: 1) A travel company …
 
With much of the ASX top 20 lacking exposure to booming sectors like technology and China-linked consumer goods, investors are increasingly searching elsewhere for companies exposed to high and offshore markets. Enter the ASX ex-20 (or mid-caps): a part of the market the experts reckon offers the sweet spot for earnings, diversification, financial …
 
CSL, Afterpay, Macquarie Group, BHP Billiton and Fortescue Metals Group ranked as top 5 among Livewire readers’ most tipped big-caps for 2020. If you missed it, this list singled out the big-caps that received the lion’s share of the 7,000 tips from our annual reader survey. The stakes, like some of their valuations, are mighty high. We invited Mat…
 
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