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Billionaire Packer quits Crown amid mental health issues

Billionaire Packer quits Crown amid mental health issues

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 […]

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26, March 2018
Australian equities | Australian shares
Petrol sector shake-up in sight as Viva Energy considers IPO

Petrol sector shake-up in sight as Viva Energy considers IPO

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 […]

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20, March 2018
ASX | Australian equities | Australian shares
Wesfarmers plans to spin off Coles

Wesfarmers plans to spin off Coles

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

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19, March 2018
ASX | Australian equities | Australian shares
Latest report | Vertium Equity Income Fund

Latest report | Vertium Equity Income Fund

MONTH TO 28 FEB 2018 | The Vertium Equity Income Fund returned -1.36% for the month to 28 February. View report

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08, March 2018
Fund update
Caltex to end franchise system as profit rises

Caltex to end franchise system as profit rises

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 […]

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01, March 2018
Australian equities | Australian shares
Westfield’s $3.3 billion incentive to ‘crush’ Myer in deadly pincer move

Westfield’s $3.3 billion incentive to ‘crush’ Myer in deadly pincer move

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 […]

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01, March 2018
Australian equities | Australian shares