THIS TIME IT IS DIFFERENT – By Henry Resources – the new formula: DEBT DOWN + COSTS DOWN + DIVIDENDS UP + NO ACQUISITIONS + SWEAT ASSETS + HIGH COMMODITY PRICES = HAPPY SHAREHOLDERS This time it is different – How many times have we heard that about markets or a commodity. It is usually…
Westpac had its results on Monday. Whenever a big company has results every significant fund manager will come into work the next day to find ten pieces of research (fifty in the USA), one from each of the big brokers, sitting on their desk selling ten different opinions about the result. Fund managers are like…
LISTEN – you can read this article or click on the podcast below to listen to it… My daughter was eighteen recently. We pride ourselves on our Birthday cards in the Padley family, we like to pass deep messages of truth and love. And so it was that her Birthday card from her Dad went…
With the major banks accounting for 25% of the ASX 200 you can argue that they also account of 25% of total brokerage available to brokers. Trading banks is an essential part of broking, persuading people to buy and sell banks is a foundation activity for commission generation. Is it any surprise then that the…
My article on Franking Credits on Livewire, click to read: BEST PERFORMING FUNDS We have systems that track fund manager movements. As a private investor you can track fund managers through their monthly or quarterly investment fund reports available on their websites. Almost all fund managers provide these monthly reports on their funds. These almost always…
You don’t have to be a genius to work out that if only we could avoid the losses, we would all be winners. The first rule of making it is not losing it. So here are my ten top tips on not losing money. Inside information. I have a colleague who has professionally traded all his life. It’s…
In December last year, I wrote an article entitled “Nothing Terribly Wrong” talking about the market fears being overdone. At the time the ASX 200 was down 12% from the top. In hindsight, a marvellous thing, I wrote it ten days before the market bottomed. The markets have bounced. Let us revisit last year’s fears…
The obvious post-Hayne Royal Commission comment is that Bank executives with the wrong culture will be trying not to laugh at the recommendations. The AFR cartoon on the announcement of the recommendations: Some are calling it a waste of time. I think not. In hindsight the Hayne Royal commission was never going to have the…
I don’t need to rewrite all the Royal Commission recommendations for you, so I’ll take those as understood. That said there are a few interesting observations this morning: Bank executives with the wrong culture will be trying not to laugh at the recommendations. Some are calling it a waste of time. I think not (see…
