BLOOMBERG | “Now that they’re more focused on their Australian assets, it’s a company that tends to run itself,” said Daniel Mueller, a fund manager at Vertium Asset Management in Sydney who downplayed the significance of Packer’s departure from the board. “He’s got a lot of people around him, some of whom are on the […]
AUSTRALIAN FINANCIAL REVIEW | Vertium Asset Management portfolio manager Jason Teh said investors would be keen to see the shape of the to-be-floated Viva company, and to discover the motivation for an IPO, whether to raise capital for future funding or to exit the business. “As long as you’ve got consistent growing earnings I think […]
4-TRADERS | Daniel Mueller, a portfolio manager and analyst at Wesfarmers shareholder Vertium Asset Management, said the spinoff is a “bit of a masterstroke by management,” saying Coles appears undervalued compared with Woolworths. Read full article in 4-Traders
MONTH TO 28 FEB 2018 | The Vertium Equity Income Fund returned -1.36% for the month to 28 February. View report
AUSTRALIAN FINANCIAL REVIEW | Debate in the market around asset ownership options for Caltex has intensified since the successful spin-off of petrol station real estate trusts by Viva Energy, which bought Shell’s refining and marketing business in Australia, and by APN Property Group, the first such trusts involving that type of asset. “It’s a relatively […]
NEWS.COM.AU | Myer is likely to be “crushed” in the not-too-distant future by a deadly “pincer move” in part orchestrated by the embattled department store’s own landlord, an equities analyst has warned. Daniel Mueller from Vertium Asset Management has likened Myer’s situation — and potential competition from Westfield owner Scentre Group — to that of struggling US […]
