Pzena refer to it as fishing in the very cheapest part of the stock market. While a ‘value’ approach might look at the cheapest third of stocks on quantitative measures like price to earnings, Pzena ...

China has fallen out of favor over the past several years. The market suffered double-digit losses in 2021, 2022, and 2023; ...

The $1.2 billion acquisition of convenience store operator OTR in 2024 coincided with the end of Viva’s post-covid share ...

Wide-moat Deterra Royalties DRR is an exception. Our wide moat for Deterra Royalties reflects its royalty on BHP’s Mining ...

FIRB approval is an obstacle. Santos is Australia’s largest domestic gas supplier and a major LNG exporter, and there are ...

Rising oil prices and steady interest rates dictated markets this week, prompting a shift from growth to defensive assets in ...

The $3m super tax could be put down to the Government needing money and the wealthy being easy targets. It’s deeper than that ...

Benchmark: Underperformance is always relative, whether to your own portfolio, the sector or the entire market. It is ...

Little margin of safety in a world of rising risks.

Virgin’s recently announced IPO has piqued the interest of many Australian investors. A weak IPO market means this is the ...

A narrow or wide Moat Rating from Morningstar is a vote of confidence in the company’s ability to generate excess returns on ...

The end of the tax year looms large. And for some investors, this may have involved selling losers to offset capital gains ...