Ron Shamgar takes stock after yet another busy reporting season, looks at his portfolio and gives us three brief highlights from the recent results.
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This week we look at the automotive market and the current buoyant conditions we are seeing due to a combination of cashed up consumers, increased use of private transport due to Covid and domestic holidaying resulting from border closures. We have also seen national new vehicle sales up 11% in January, sustaining double digit growth since November 2020.
And here we are, we have reached the final stop on our progression through the Top Twenty. This week, the companies examined are Suncorp (SUN.ASX) and Scentre Group (SCG.ASX).
This week we look at one of the most overlooked but stellar results of the 2020 reporting season. This company has grown earnings at a compound rate of 44% p.a. for the last four years and requires little capital to grow. The business is benefitting from structural tailwinds and, we believe, is on track to potentially hit the $100M net profit milestone in 2021 yet is only being valued at $550M or a PE of 6x by the market.
Sid Ruttala continues his exploration of the top end of the market, this time moving just past the surface of the ASX and going outside the Top Ten. This week we look at Macquarie Group (MQG), Telstra Corporation (TLS) and Rio Tinto (RIO).
We continue this week with the last of the top ten, namely FMG, WOW and TCL. Looking at the key highlights and Sid Ruttala's notes around each.
As promised, this week we continue to look through some of the key highlights, and my notes on the top end of the market (by market capitalisation). The securities this week are CSL, BHP, and Wesfarmers.
Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios.
This week we take a look at two retailers that have provided robust results for FY20 and are seeing continued strong momentum into the new financial year as the structural shift to e-commerce accelerates. We believe there is more share price upside as valuations catch-up to fundamentals.
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights one of the stocks in the Asia Small Companies portfolio.
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights one of the stocks in the Asia Small Companies portfolio.
This week we take a look at our largest holding, EML Payments (EML), and the transformational acquisition they have undertaken. EML is now a substantial and profitable global fintech company that we believe is going to double in price over the next twelve months.
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights one of the stocks in the Asia Small Companies portfolio. Japan Aviation has been a star performer recently with the portfolio up +13.5% CYTD.
This week we spotlight another recent IPO which we participated in for the TAMIM All Cap IMA portfolios. Similar to Viva Leisure (VVA), which we spotlighted last month, this company checks many of the boxes for the kind of business we look for. Read on to find out more.
This week we revisit Isentia (ISD.ASX) which we first highlighted back in March this year. The stock has now gone from being a portfolio laggard to a star performer. Picking the right turnaround story can be very rewarding, and so far we feel like we are on track for one.
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights one of the stocks in the Asia Small Companies portfolio.
Ron Shamgar takes a look at a selection of stocks - some good, some bad - following reporting season. Highlighting the important numbers and what to look for going forward, this is a must read for keen Aussie investors
Ron Shamgar takes a look at a selection of stocks - some good, some bad - following reporting season. Highlighting the important numbers and what to look for going forward, this is a must read for keen Aussie investors.
This week we spotlight a recent IPO that has gone completely under the radar yet meets all the criteria we look for in a business. The company is founder led, generates over 90% recurring revenue, is growing strongly, and yet is trading on a single digit multiple. Our current valuation sits at almost double the current trading price. To find out more, continue reading.
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights one of the stocks in the Asia Small Companies portfolio. ComfortDelGro Corporation Ltd is one of the largest land transport companies in the world, the Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation.
This week Ron Shamgar takes a look at one of the hottest stocks on the ASX for the past month. CountPlus has been more than a strong performer recently but is there more petrol in the tank?
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights one of the stocks in the Asia Small Companies portfolio, Open House (3288.TYO). Open House is a Japanese real estate company that trades on a single digit P/E ratio yet delivers a revenue growth rate of 30% and profit growth of 16%. Open House has both a strong brand and strong market share of single-family housing in key Japanese cities. It is taking advantage of the growing trend of smaller Japanese households and is a stock that is worthy of consideration in your international equity portfolio.
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Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies fund, highlights one of the stocks in the Asia Small Companies portfolio. Showa Denko K.K. (SDK) is one of the largest chemical groups in Japan with history that dates back to 1908, the group also manufactures and markets electronic and aluminium products.
The TAMIM Global Equity High Conviction team at Delft Partners highlight a recent addition to the High Conviction portfolio. Why has this household name only now been deemed worthy of inclusion?
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TAMIM Asset Management provides general information to help you understand our investment approach. Any financial information we provide is not advice, has not considered your personal circumstances and may not be suitable for you.
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