Second Half 2017 Outlook: Where to from Here?
Our investment strategy remains closely linked to the normalisation of interest rates globally and the domestic cash rate on hold. Our expectation...
121 Views
G8 Education's FVE Cut 11% to AUD 4.00 Due to Long-Term Competitive Pressures
We have cut our fair value estimate for no-moat-rated G8 Education by 11% to AUD 4.00 per share, largely due to a reduction in long-term profit...
176 Views
Not Much Fun In Leisure; Ardent Leisure Undervalued While Event Hospitality Worth Monitoring
Leisure companies under our coverage endured a torrid reporting season, with average fiscal 2017 first-half EBITDA fall of 15% from a year ago. The...
4.2k Views
Valuations Stretched on ASX-Listed Corporate Hybrids
In November 2016 we stated a large proportion of redemptions would be reinvested in existing corporate issues to achieve some degree of sectoral...
681 Views
Market Overreacts to G8 Education's Weak First-Half Result
G8 Education has embarked on a rapid yet highly successful and disciplined acquisition strategy, consolidating the fragmented child-care...
193 Views