Daniel Mueller – Vertium Asset Management

Myer shares soar on DJs takeover talk

Sam Cole — Mon, 09 Apr 2018 00:28:21 +0000

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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Billionaire Packer quits Crown amid mental health issues

Sam Cole — Mon, 26 Mar 2018 04:18:07 +0000

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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Wesfarmers plans to spin off Coles

Sam Cole — Sun, 18 Mar 2018 22:12:06 +0000

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

Sam Cole — Wed, 28 Feb 2018 21:47:44 +0000

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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Myer: Winter is coming

Sam Cole — Tue, 27 Feb 2018 04:38:59 +0000

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

Sam Cole — Thu, 22 Feb 2018 01:59:07 +0000

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

Sam Cole — Wed, 21 Feb 2018 23:38:21 +0000

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

Sam Cole — Wed, 21 Feb 2018 23:28:14 +0000

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

Sam Cole — Wed, 21 Feb 2018 23:21:21 +0000

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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Telstra: What the market missed

Sam Cole — Thu, 15 Feb 2018 04:14:02 +0000

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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