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Myer shares soar on DJs takeover talk

Myer shares soar on DJs takeover talk

SYDNEY MORNING HERALD | Daniel Mueller, portfolio manager at Vertium Asset Management, was sceptical about the merits of any merger, noting the retailers were trying to get out of leases not increase their footprints. “Some of the leases Myer is in are very long. You can’t go: ‘I’ll take over and hand the keys back […]

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09, April 2018
Australian equities | Australian shares
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
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
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
Myer: Winter is coming

Myer: Winter is coming

DANIEL MUELLER | What do Amazon, Buffett and Sydney CBD retail have in common? You know about Amazon and its potential to destroy retailers. While Amazon’s Australian launch last December was somewhat underwhelming, one could consider it a ‘soft’ launch. Whether it’s next year or next decade, odds are Amazon will get its offering right. […]

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27, February 2018
Australian equities | Australian shares
Sydney Airport annual profits jump 9pc on surge in international travellers

Sydney Airport annual profits jump 9pc on surge in international travellers

AUSTRALIAN FINANCIAL REVIEW | Daniel Mueller, portfolio manager at Vertium Asset Management, said that Sydney Airport may have “left a bit of powder dry” on the dividend forecast, with investors hoping for a slightly higher dividend of around 38¢. Read full article in the Australian Financial Review

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22, February 2018
Australian equities | Australian shares | Reporting season
Australia's Wesfarmers sees signs of grocery recovery as H1 profit slumps

Australia's Wesfarmers sees signs of grocery recovery as H1 profit slumps

REUTERS | “Many analysts have been bagging Coles and jumping on the Woolworths bandwagon so today’s result was a reminder that Coles is turning around,” said Daniel Mueller, a portfolio manager at Vertium Asset Management. Read full article in Reuters

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22, February 2018
Australian equities | Australian shares | Reporting season
TV's Fight for Eyeballs Finally Kills Dividend at Seven West

TV's Fight for Eyeballs Finally Kills Dividend at Seven West

BLOOMBERG | “Considering industry structural headwinds and the difficulty growing earnings, they’ve decided to be prudent,” said Daniel Mueller, a Sydney-based portfolio manager at Vertium Asset Management Pty. Read full article in Bloomberg

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22, February 2018
Australian equities | Australian shares | Reporting season
Coke’s glass is half full, just ask Alison Watkins

Coke’s glass is half full, just ask Alison Watkins

THE AUSTRALIAN | Daniel Mueller, portfolio manager of Vertium Asset ­Management, said the result showed an improvement in ­operational momentum in the second half, albeit off a low base in the first half. “Australia remains challenged in the key sparkling ­beverage category. While ­Indonesian EBIT growth partly offset a poor Australian result, this business can […]

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22, February 2018
Australian equities | Australian shares | Reporting season
Telstra: What the market missed

Telstra: What the market missed

DANIEL MUELLER | LIVEWIRE | Competition is hitting the jewel in Telstra’s crown The most important piece of information in this report is this: Telstra’s mobile business is under pressure. Postpaid ARPU (including mobile repayment options) decreased 3.6% due to higher data inclusions. This is the 5th consecutive half of postpaid ARPU decline with an acceleration in the rate […]

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15, February 2018
ASX | Australian equities | Australian shares