January 2024

Just as China was attempting to stabilise its fractured property sector, a Hong Kong court has dealt a blow by ordering the troubled developer, China Evergrande, to be wound up. The order, issued on Monday, came after the court concluded that the developer was unable to devise a restructuring plan satisfactory to international creditors, despite […]

In January, investors had two unsettling encounters with Gold Road Resources (ASX:GOR). First, they received a disappointing quarterly update early in the month regarding the performance of the company’s 50% owned Gruyere gold mine in WA. Then, on Monday, the detailed data for the December quarter and the full financial year was released, delivering another

IGO (ASX:IGO) has confirmed that the huge Greenbushes lithium mine will cut output because customers have not been buying as much as they did earlier in 2023. IGO has clearly separated its lithium update from what will be bad news, and possibly another big write-down in the value of its nickel business in its quarterly

Emma Fisher provides her perspective on how the Australian equity market played out in 2023 and the outlook for the year ahead. Emma also discusses movements within the portfolio and the approach to position sizing.

The Australian sharemarket exhibited mixed performance, as gains in energy stocks driven by rising oil prices due to escalating Middle East tensions were offset by a 1.3% decline in tech stocks, reflecting disappointing earnings reports from US tech giants, including a significant drop in Tesla’s shares. Additionally, the materials sector faced a 0.5% decline, primarily

Mako Gold (ASX:MKG) announces that geological mapping and rock chip sampling has been ongoing throughout December and into January at the Company’s 90% owned flagship Napié Project. In addition, the Company has significantly progressed its due diligence on the proposed accretive Goldridge transaction. Shares are trading 38.89 per cent higher at 1.25 cents. Cobre (ASX:CBE)

Behind the success of the world’s most famous quick-service chicken restaurant, the world’s second-largest pizza chain and the US’s leading Mexican-style franchise sits Yum! Brands. With over 55,000 restaurants across more than 155 countries and territories, Yum! Brands is the world’s largest restaurant company by number of restaurants and second only to McDonald’s in total

Vinci is built around the pillars of its concessions and contracting operations. From our perspective, the most attractive part of its business is the large and diversified concessions holdings. These provide the lion’s share of earnings and deliver a stable and reliable income stream for investors. The concessions business is diverse, spanning a wide array

Automotive parts retailer and wholesaler, Bapcor (ASX:BAP), might struggle to maintain its interim dividend at 10.5 cents a share if its weak update for the half-year to December turns out to be accurate. The company informed the market in a trading update on Monday that, despite a 2% rise in revenue, it now expects proforma

Retail giant Woolworths is anticipating a statutory loss for the six months ending December. The supermarket group informed the ASX on Monday of impairments totaling nearly $A1.7 billion in its New Zealand supermarkets business and the accounting treatment for its remaining 9.1% stake in the Endeavour booze and hotels spin-off. Simultaneously, Australia’s largest supermarket chain