Welcome to our Q&A page. This is the best place to ask us questions that relate to stocks, recommendations and investing generally. Within those parameters, we’ll try to answer any questions you might have, although at busy times it might take a few days for us to respond.
Latest Q&A With Our Experts
Here's another interesting article on Blockchain – http://www.morningstar.com.au/funds/article/why-the-blockchain-has-got-p...
Hi guys, I am on the prowl for reputable listed investment companies (LICs) trading at a discount to net tangible assets (NTA). Are there any available on the ASX that provide a long short option (that is, buying stocks and also short selling them) to cushion market volatility? Your thoughts would be much appreciated. Clive
Please, what are your views on WOW now that Lidl has applied for trademarks as reported yesterday in the Herald. Fat Prophets says WOW will get to $10 before the price/company turns around. Then there is the affect of Aldi. All very worrying. Thanks, Carol Green
Hi Team, thank you for your valuable insights and education. Can you explain the meaning of the phrase "sophisticated investor"? When is one recognised as such? Many companies make placements to "sophisticated investors" but not to the other owners (most recently by iCar Asia). How can this be legal or fair?
Hi guys – firstly a bouquet for the steady stream of educational articles that you’ve been pushing out in recent months. For me, this is just as important as the analysis and recommendations of individual stocks. My question is on the relationship between growth and inflation – specifically, does Intelligent Investor regard inflation as being included in any projected growth figures that are being considered in an analysis? My own philosophy is to remove inflation from everything. So when a company reports 8% NPAT growth, I see it as 6.5% real growth (inflation last year was 1.5%). The same goes for any consideration of future growth and its use in a DCF calculation. However, that same DCF calc must then have inflation stripped out of the discount rate that is applied. The alternative would be to include inflation throughout, but then you would need to have a view on what that future inflation might be. With inflation being so low, we can get away with ignoring it entirely, but that’s here and now. As value investing is about thinking long term, we shouldn’t merely extrapolate from the present and assume it will remain low over our investment horizon. Interested to hear your thoughts?
Could you tell me why AGL as compared to ORG has survived so well over the last three years. Looking back there has always been either an avoid or a sell on AGL and a buy or hold on ORG but here it is still on the surface going strong. Less demand, more solar and coal power stations haven't hurt its share price, so what's it doing right?