A special message to Eureka Report subscribers
Behind the scenes we’ve been busy! If you’re a subscriber to Eureka Report you may well have shared the frustration often expressed to us in correspondence and surveys in recent times: “I like Eureka Report but I need to go a little further … I need a way to evaluate listed stocks that is beyond journalism. I want a service that allows me to examine stocks and the stockmarket by the numbers”.
Well … it’s arrived! In an announcement to the stock exchange earlier today Eureka Report (a News Ltd subsidiary) and Clime Asset Management announced a new joint venture that will offer stock valuation and research solutions.
The service combines Clime’s proven methodology of evaluating and assessing company value and Eureka Report’s first-class investment commentary.
In essence, the new service – which will be officially launched towards the end of the financial year – will assist any investor in understanding the true value of stocks and in choosing the right stocks to invest in.
We’re sure you’re pretty familiar with Eureka Report already, but there’s plenty we’d like to tell you about our new partner.
You may already know the chief investment officer, John Abernethy, who writes for us every Friday (click here). John’s company is a publicly listed boutique funds manager with over $400 million under management and has a first-class record in choosing value stocks.
Says John: “We’ve always been focussed on transparency and giving investors the choice of using our tools to assess the value of shares for themselves. They come to us to help manage their money for them. At the same time, Eureka Report is a great business. Together with the broader News Ltd assets it brings a highly engaged quality audience to engage the solutions we develop together.”
At Eureka Report we’ve entered the agreement with a clear goal of widening the value proposition we offer to you … the active investor. We’re planning to develop a range of solutions for the retail, self-directed investor market along with the financial planning and broking industry. We’re also working on options for the wholesale market.
As Eureka’s publisher, Alan Kohler explains: “We’re delighted to be partnering with one of the market leaders in valuing stocks to enhance our offer. It’s a logical extension into investor tools and research products.”
Eureka’s General Manager, James Leplaw, adds: “All our research told us that while subscribers loved Eureka Report they also wanted even deeper insights into stock valuation, underpinned by a proven methodology – this is what the joint venture will deliver in spades.”
You can catch up with John Abernethy’s most recent features along with his model portfolio here, while if you would like to read more on just who the new partners are, or to trial the valuation service, you can click here.
We sincerely hope you benefit from this new venture, which we see as an essential complement to Eureka Report in the years ahead.