What does Harry Kane, English football’s highest ever scorer, have to do with investing? Henry Jennings explains. I have this theory, one that I have put to some of my fellow Englishmen, that Harry Kane is a hoax. Now I know that Harry Kane, the captain of the English football team, is now the highest…
I had a question about Portfolio Management from a Member. I sent him this. It might interest you. Two processes run side-by-side: Stock picking and timing. Managing market risk. STOCK PICKING AND TIMING Stock picking and timing involves a few basic tenets that you might adopt. They include (and apologies for the simplicity): Have a…
Another year down. Our 24th. We survived. I guess it’s hard for some newsletter writers, journalists and commentators to constantly work under deadlines, deadlines that constantly renew the moment they are met. I admire you all, I admire my competitors (the good ones). You are a tough lot doing that all year. But luckily, Henry…
Our two Separately Managed Accounts (SMA’s – a type of managed fund) are designed to allow Members to invest with us. We have two funds available for investors – a Growth Fund and an Equity Income Fund. Both have a $50,000 minimum entry. Find out more – click here.
It’s that time of year when you turn your thoughts turn to eggnog, Christmas cheer and what to buy Uncle Fred. Yes, it is Xmas and as we look back on the past year, at least for investors, what can we learn? Volatility 2022 has been a year of volatility. Much of it forced…
Qantas Airways (QAN) upgraded profits to between $1.35bn and $1.45bn in a market update yesterday. The upgrade is a $150m increase from previous forecasts for the first half of 2023. The company has had a strong rebound from its COVID lows, with increased profit and revenue guidance for the first half of 2023 as travel demand continues…
Aristocrat Leisure (ALL) is a high-conviction stock for many investors. The group reported FY22 results this morning with strong revenue and profit growth that was a slight miss on estimates. The share price is down 5.5% this morning, as management failed to provide meaningful guidance with any figures and gave us the typical “expects to deliver profit…
Elders (ELD) plummeted on the release of results on November 14 (Monday). Down 22.9% on the day of the release. Henry bought it as a trade feeling the sell-off was overdone in the short term. Some bullet points: Announced the retirement of their long-time CEO next year, who has been a mainstay for the company…
Xero fell 10.9% on the back of its interim results. It is a $9.72bn company. It is the 50th biggest ASX listed company. Key Points Half year net loss of NZ$16.1m. No dividend. None was expected. CEO retires after five years, new CEO appointed. Operating revenue increased 30%. EBITDA increased 11%.…
NAB has released its 2022 full-year results, cash earnings up 8.3%, underlying profit up 11.5%. NAB Full-year results Cash earnings rose 8.3% Underlying net profit rose 11.5% Net Interest Margin (NIM) decreased by 6 basis points to 1.65% (better than Westpac) Expenses increased 5.8% Final dividend of 78c per share.…
