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Storm clouds are brewing

THE CONSTANT INVESTOR | Buyer beware, increased volatility is expected in 2018. The Australian market blasted off to stratospheric heights by delivering most of the calendar year returns during the last quarter. The rocket fuel for the market has been resource stocks and small-cap stocks related to electric vehicles, technology themes and companies linked to […]

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12, January 2018
Australian equities | Australian shares

Myer profit warning a gift for Solomon Lew

THE AUSTRALIAN | Daniel Mueller, portfolio manager at Vertium Asset Management, said the Myer downgrade was “very concerning” as it was so close to Christmas. “Historically, this is a key trading period where retailers make a large percentage of their profits for the year. Management usually waits until after this period to report any weakness, […]

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18, December 2017
Australian equities | Australian shares

RFG shares slump on franchisee allegations

THE AUSTRALIAN | Vertium Asset Management equity analyst Daniel Mueller said a number of RFG brands were located in shopping centres that were rolling out eateries, restaurants and cafes to lure more customers. Not only were RFG’s brands facing that pressure, he said, but he believed they have too many brands that overlap. “They have […]

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12, December 2017
Australian equities | Australian shares

Latest report | Vertium Equity Income Fund

MONTH TO 30 NOV 2017 | The Vertium Equity Income Fund returned 1.09% for the month of November, underperforming the S&P/ASX 300 Accumulation Index. View report

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12, December 2017
Fund update

Amazon offers up its best deals after record-breaking launch

NEWS.COM.AU | Vertium Asset Management analyst Daniel Mueller described the launch as “pretty underwhelming”. “The listed retailers, JB Hi-Fi, Harvey Norman and Super Retail, all had quite a considerable bounce yesterday,” he said. Read full article on news.com.au

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06, December 2017
Australian equities | Australian shares

Weed out the false narrative

JASON TEH | Humans love stories and we ascribe them to everything to make sense of the world. The stock market is the perfect environment for narratives because we innately try to make sense of why stock prices change. The trouble with stories is that it can get out of hand and stock prices may […]

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06, December 2017
ASX | Australian equities | Australian shares

Amazon finally launched in Australia

CNBC | “Amazon’s not materially cheaper on a wide basket of items than the retailers,” said Vertium Asset Management portfolio manager Daniel Mueller. “The retailers are rallying. It’s a realization that Amazon is not going to kill Australian retail, at least not today.” Read full article on CNBC

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06, December 2017
Uncategorized

Big hat, no cattle

SAM DYSON | Mining 101: a good mining company makes money at the low end of a steep cost-curve. This is BHP’s strategy and it is working wonders in iron ore. However, in 2011 BHP forgot this simple rule. Deal hungry and with cash flow burning a hole in the pocket after two failed takeovers, […]

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16, November 2017
Australian equities | Australian shares

Santos projects in the spotlight for investors

AUSTRALIAN FINANCIAL REVIEW | “These projects can be huge cash flow providers at the right oil price, but they also can create a huge contingent liability as well,” said Jason Teh, Chief Investment Officer at Vertium Asset Management. Read full article in the Australian Financial Review

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09, November 2017
Australian equities | Australian shares

Latest report | Vertium Equity Income Fund

MONTH TO 31 OCT 2017 | The Vertium Equity Income Fund returned 1.37% for the month of October, underperforming the S&P/ASX 300 Accumulation Index. View report

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08, November 2017
Uncategorized