Oil stocks crudely priced
A few months ago we said we wouldn’t be looking too closely at resource companies from now on. But the opportunities in mid-tier Australian oil stocks are just too good to ignore.
Commonwealth steals BankWest
In what looks like a well-timed swoop amid global banking turmoil, Commonwealth Bank has secured a unique business at a bargain price.
Taxing times for WHK Group
Financial services firms are out of favour, and this accounting business has not been spared. But with a reliable revenue stream and sensible management, WHK Group stands apart.
Turn on the TAPS
This is probably not an income security for the widows and orphans fund. But it is reliant on some highly regulated, monopolistic assets, and currently offers a tempting yield to maturity.
The bottom line on CBA's balance sheet
Almost everybody who owns shares in a large bank is taking the numbers on faith. Their complex financial statements preclude outside investors from gaining complete comfort.
Private equity's Soul survivor
After a brief infatuation, the market has turned its back on private equity. But Souls Private Equity is unlike most of its peers, particularly because it’s debt-free.
MMC Contrarian's big buyback
It’s come a year or two later than we’d have liked, but the large capital return by this investment company is a case of better late than never.
Easy pickings in the Timbercorp Orchard
These debentures are at the safer end of the spectrum. Yielding 19% to maturity, they’re also worthy of your attention.
Sigma takes its medicine
They’re not yet showing up in Sigma’s results, but changes behind the scenes mean we’re increasingly confident the worst has passed.
New blood at Fairfax, finally
Fairfax is battling online competition, but it still owns a collection of well known and very profitable brands. With new management experienced in cutting costs, and a lower share price, it’s time for a closer look.
Great Southern up a gum tree
This company’s restructuring plan is a clear sign that things are more difficult than we thought. We’re downgrading our recommendation on all three associated securities as a result.
Seven drops the baton
Its television business has been performing well, but Seven’s investment losses are hurting the bottom line.
Where next for Woolies?
Size is becoming an obstacle for Woolworths, as its shopping list of meaningful acquisitions in Australasia dwindles. Will a jaunt overseas provide the next leg of growth or add to Australia’s growing list of international failures?
Roc fall prompts an upgrade
The question marks we had over this company remain, but the price is just too cheap to ignore.
Stay out of SITES
Another week, another detailed review of a security highlighted in our income securities sweep. But the incentives are all wrong in this one.
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