Friday, August 26, 2016
This week many companies released their 2016 reports. We focus in on two big movers. Sirtex Medical gained 12% following a strong result and regained its A1 status. Blackmores fell 23% despite a strong result also retaining its A1 score. Read more to understand why.
Friday, January 23, 2015
Much like online shopping, the fine art of stock filtering is all about screening against a myriad of personal factors to find your perfect fit. But beware, if the stock doesn’t fit you won’t be able to return it for a refund.
For investors chasing growht stocks, ss useful as historical and current metrics are at identifying a company’s past performance, they won’t indicate what will happen in the future. That’s why stock-picking outfit, Skaffold, overlays historical and current filters with forecast metrics designed to try and predict future performance.
Monday, July 28, 2014
Whilst it may sound fancy, ‘share portfolio management’ simply describes the art of deciding what proportion of your capital is allocated to a single stock or sector.
While you may have given little thought to portfolio allocation (aka portfolio weightings) when you first started buying shares, the risks of getting it wrong only intensifies the more you have invested in the stock market.
Even the world’s best stock pickers get it wrong. Having more than six to 10 per cent of your total portfolio value exposed to any single stock probably isn’t a great idea.
Wednesday, July 23, 2014
Stock broker and market commentator Marcus Padley was kind enough to join us for a recent webinar in which he shared his top investment themes for 2015.
Banks, Retirement, Agriculture and Housing are all on Marcus’ radar, what themes are you watching for 2015?
Tuesday, April 08, 2014
It’s not rocket science. If you invest in the US and the A$ falls 10 per cent against the greenback, you’ll receive an extra 10 per cent return when you eventually bring your money home. The same can also be said for those investing locally in stocks that derive a good chunk of their income from foreign earnings.
Established healthcare businesses, many of which have substantial operations outside Australia, like CSL Ltd, and consumer discretionary stocks benefit from a weaker Aussie dollar, due partly to segmented pricing which makes local retailers more competitive relative to overseas online stores.
As a rule of thumb, a 10 per cent drop in the A$ adds around 3 per cent to corporate earnings.
To determine the A$ impact on earnings, find out the percentage of profits generated from the company’s international operations and apply the change in currency to this proportion of profits.
Tuesday, April 01, 2014
Given the uncertainty over earnings growth in 2014/15, you understandably don’t want to pay any more than you need to for top stocks. But there are occasions when you shouldn’t be deterred from paying close to or indeed above intrinsic value (IV) for quality companies on a strong growth trajectory.
As a value investor, sometimes you’re better off buying a quality business with plenty of growth in front of it at a (slight) premium to its intrinsic value than trying to save money on a bad stock that’s languishing.
Friday, February 21, 2014
We have just finished the third week of the first reporting season of 2014 and this week has seen a few companies joining Skaffold’s prized A1 club.
Thursday, November 28, 2013
At our recent live event, exclusively for Skaffold members, Roger Montgomery did something a little different… he demonstrated live how he uses Skaffold to produce market-beating returns. Topics covered include Turning conventional investment wisdom on its head, Your role and Skaffold’s role in your investing, The power of Skaffold’s Aerial View of the stock market, 3 stocks to buy or 97 stocks that are expensive, The power of Skaffold’s Capital History Evaluate screen and how to identify great businesses.
Monday, August 26, 2013
Is a trend appearing amongst casino and entertainment stocks?
Over the weekend full year results for Echo Entertainment Group (EGP), Tatts Group (TTS) and Crown Limited (CWN) flowed through Skaffold. Echo’s Skaffold Score improved from B3 (based on the company’s interim results) to B2. B2 is one of Skaffold’s preferred scores. Tatts Group (TTS) rose from C4 to B3 and Crown’s improving business performance lifted its Skaffold Score from A4 to A3.
TTS and EGP are trading at premiums of more than 60% to Skaffold’s 2014 intrinsic value estimates. CWN is trading at a 40% premium. Whilst the intrinsic value of all three businesses is forecast to rise at an impressive rate over the next two years, looking at the Skaffold Line chart of each stock it appears the market has already factored in this future growth.
What’s driving the improving performance of gambling-related stocks? Is the increasing accessibility of internet gambling driving this trend. And what does this mean for the wider community?
Friday, July 12, 2013
August reporting season is the busiest time of year for stock market investors. More than 60% of ASX-listed companies will release their full year results in August, with the smaller mining stocks reporting by 13 September 2013.
Skaffold’s reporting season calendar is now live and will be updated daily over the next few months. The calendar lists the most popular ASX-listed companies and their expected report date. Click here to view the calendar now.