While the last 12 months has been relatively smooth sailing as far as economic growth is concerned, concerns are rising that the September quarter figure is likely to contract quite sharply. At the end of 2020 and start of 2021, the economy rebounded strongly from Covid-19, recording growth of 3.1% in the December quarter and…
Magellan’s Chris Wheldon, portfolio manager for the Magellan High-Conviction Strategy, discussed some of the current portfolio holdings, recent portfolio changes and their outlook going forward in a recent update to clients. The strategy, which is all about backing just a few high-quality names, has outperformed its objective return of 10 per cent a year, but…
Canadian real-assets and infrastructure giant Brookfield Asset Management has launched an indicative, non-binding and conditional proposal to take over Australian energy infrastructure business AusNet Services (ASX:AST). Brookfield’s infrastructure affiliate is looking to acquire the company by way of scheme of arrangement, acquiring all of the issued shares in AusNet at an indicative price of $2.50…
‘Easy come, easy go’. As the saying goes. The same can be said for the price of iron ore, all the way back under US$100 a tonne. But we knew this was going to happen, along with wine and wheat, lobsters and logs, beef, barley and coal. Deals all gone. It’s Beijing punishing us for…
Reporting season is over. Impressive earnings and historic earnings beats are just some of the ways to describe it. The rise in earnings was led by the big iron ore producers and the Banks. BHP, RIO and Fortescue Metals (ASX:FMG) all riding on the back of the iron ore boom generating strong free cashflow that…
ANZ has bowed out of the share trading game after offloading some 500k clients to CMC Markets (LON:CMCX), that will migrate over to the CMC Markets platform, with total assets in excess of A$45 billion. The transaction boosts CMC Markets firmly into second place in Australia, just behind Commsec as the largest online broker by…
Weekly Insights, 13-17 September 2021. Economics here and abroad… Australia After being the hottest sector for most of the year, the materials and mining companies continue to drag the market lower. On Friday it was all about iron ore with a 6 per cent fall in the iron ore price overnight sending Fortescue (ASX:FMG) 11…
In a world gone crypto mad, those that didn’t buy during Bitcoin’s early days feel like they’ve missed out. Some buy because they feel ‘FOMO’ and others simply can’t make sense of any of it. Either way, the good news is that there will always be opportunities. You haven’t missed out. What about the 100,000…
With reporting season over, Ausbil have released a reporting season wrap up highlighting the main developments that advisors can pass onto their clients during client meetings and take into consideration when position portfolios for the year ahead. Even though most of Australia was stuck in pandemic forced lockdowns, the FY21 reporting season demonstrated just how…
A deep dive into Australia’s housing sector has shown it to be a resilient and robust market that has defied all pandemic doomsday predictions to bounce back with record sales supported by desperate first home buyers and packed investors, all fearful of missing the boat. Housing remains our largest financial asset and according to Yarra…
