Australia’s biggest bank names Matt Comyn as CEO

Australia’s biggest bank names Matt Comyn as CEO

BLOOMBERG | “A surprising appointment given the internal issues Commonwealth Bank has had in recent years, of which senior executives must hold some accountability,” said Daniel Mueller, a Sydney-based portfolio manager at Vertium Asset Management Pty, which owns shares in the lender. “He has to restore the external perception of the bank. That’s easier said […]

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30, January 2018
Australian equities | Australian shares
Myer profit warning a gift for Solomon Lew

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

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
Amazon offers up its best deals after record-breaking launch

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
Amazon finally launched in Australia

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
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