Equities – Vertium Asset Management https://vertium.com.au Tue, 26 Feb 2019 04:50:22 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.9 Caltex: Shrink to grow https://vertium.com.au/caltex-shrink-to-grow/ https://vertium.com.au/caltex-shrink-to-grow/#respond Fri, 08 Jun 2018 05:42:53 +0000 http://vertium.com.au/?p=2758 SAM DYSON | Investors love companies that can deploy capital at high returns over a long period of time. However, great shareholder returns can also be achieved from companies that shrink their capital base. Take Caltex for example. It operates in an industry perceived to be dying. Vehicles are ever more fuel-efficient, and cheap battery […]

The post Caltex: Shrink to grow appeared first on Vertium Asset Management.

]]> https://vertium.com.au/caltex-shrink-to-grow/feed/ 0 The bubble in quality https://vertium.com.au/the-bubble-in-quality/ https://vertium.com.au/the-bubble-in-quality/#respond Fri, 27 Apr 2018 04:01:05 +0000 http://vertium.com.au/?p=2677 JASON TEH | It is hard to spot a market bubble in the making. As they inflate, market participants often rationalise their investment decisions as to why they are paying higher prices. It’s only after they burst that that bubbles become clear. The most recent bubble bursting has been Bitcoin. Now we would contend that […]

The post The bubble in quality appeared first on Vertium Asset Management.

]]> https://vertium.com.au/the-bubble-in-quality/feed/ 0 Australia’s biggest bank names Matt Comyn as CEO https://vertium.com.au/australias-biggest-bank-names-matt-comyn-as-ceo/ https://vertium.com.au/australias-biggest-bank-names-matt-comyn-as-ceo/#respond Mon, 29 Jan 2018 22:19:04 +0000 http://vertium.com.au/?p=2444 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 […]

The post Australia’s biggest bank names Matt Comyn as CEO appeared first on Vertium Asset Management.

]]> https://vertium.com.au/australias-biggest-bank-names-matt-comyn-as-ceo/feed/ 0 The sky is not falling, but storm clouds are brewing https://vertium.com.au/the-sky-is-not-falling-but-storm-clouds-are-brewing/ https://vertium.com.au/the-sky-is-not-falling-but-storm-clouds-are-brewing/#respond Mon, 29 Jan 2018 00:07:24 +0000 http://vertium.com.au/?p=2440 JASON TEH | The sky is not falling was the message in September 2017. Our message was that the overall market did not show excessive valuations, which generally is a precursor to stock market corrections. However, our market outlook dimmed due to recent ‘risk-on’ rally, where most of the year’s return was delivered in the […]

The post The sky is not falling, but storm clouds are brewing appeared first on Vertium Asset Management.

]]> https://vertium.com.au/the-sky-is-not-falling-but-storm-clouds-are-brewing/feed/ 0 Amazon offers up its best deals after record-breaking launch https://vertium.com.au/amazon-offers-up-its-best-deals-after-record-breaking-launch/ https://vertium.com.au/amazon-offers-up-its-best-deals-after-record-breaking-launch/#respond Wed, 06 Dec 2017 04:01:02 +0000 http://vertium.com.au/?p=2382 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

The post Amazon offers up its best deals after record-breaking launch appeared first on Vertium Asset Management.

]]> https://vertium.com.au/amazon-offers-up-its-best-deals-after-record-breaking-launch/feed/ 0 Weed out the false narrative https://vertium.com.au/weed-out-the-false-narrative/ https://vertium.com.au/weed-out-the-false-narrative/#respond Wed, 06 Dec 2017 03:30:21 +0000 http://vertium.com.au/?p=2379 JASON TEH | Humans love stories and we ascribe them to everything to make sense of the world. The stock market is the perfect environment for narratives because we innately try to make sense of why stock prices change. The trouble with stories is that it can get out of hand and stock prices may […]

The post Weed out the false narrative appeared first on Vertium Asset Management.

]]> https://vertium.com.au/weed-out-the-false-narrative/feed/ 0 Big hat, no cattle https://vertium.com.au/big-hat-no-cattle/ https://vertium.com.au/big-hat-no-cattle/#respond Thu, 16 Nov 2017 01:55:40 +0000 http://vertium.com.au/?p=2312 SAM DYSON | Mining 101: a good mining company makes money at the low end of a steep cost-curve. This is BHP’s strategy and it is working wonders in iron ore. However, in 2011 BHP forgot this simple rule. Deal hungry and with cash flow burning a hole in the pocket after two failed takeovers, […]

The post Big hat, no cattle appeared first on Vertium Asset Management.

]]> https://vertium.com.au/big-hat-no-cattle/feed/ 0 Santos projects in the spotlight for investors https://vertium.com.au/santos-projects-in-the-spotlight-for-investors/ https://vertium.com.au/santos-projects-in-the-spotlight-for-investors/#respond Wed, 08 Nov 2017 22:42:08 +0000 http://vertium.com.au/?p=2263 AUSTRALIAN FINANCIAL REVIEW | “These projects can be huge cash flow providers at the right oil price, but they also can create a huge contingent liability as well,” said Jason Teh, Chief Investment Officer at Vertium Asset Management. Read full article in the Australian Financial Review

The post Santos projects in the spotlight for investors appeared first on Vertium Asset Management.

]]> https://vertium.com.au/santos-projects-in-the-spotlight-for-investors/feed/ 0 Fund star Teh casts light on low-risk winners https://vertium.com.au/fund-star-teh-casts-light-on-low-risk-winners/ https://vertium.com.au/fund-star-teh-casts-light-on-low-risk-winners/#respond Tue, 24 Oct 2017 22:16:45 +0000 http://vertium.com.au/?p=2237 THE AUSTRALIAN | It may be the most-hated bull market in history, but there are still some low-risk buying ­opportunities for income-focused ­investors, says Vertium Asset Management chief investment officer Jason Teh. “Every second week you hear a bear market prediction, and that’s a healthy sign,” he told The Australian yesterday. “I’m not seeing ridiculous earnings multiples.” […]

The post Fund star Teh casts light on low-risk winners appeared first on Vertium Asset Management.

]]> https://vertium.com.au/fund-star-teh-casts-light-on-low-risk-winners/feed/ 0