Tuesday, June 21, 2016
After the Top 20 blue chip stocks on the ASX have had a return of only 1.9% over the past year compared to the 19.9% of the next 180 largest stocks, AFR last month asked Skaffold’s General Manager, Chris Batchelor to come up with six blue chip stocks that exhibit the qualities investors should seek for long term outperformance (blue chips of the future)
Wednesday, March 09, 2016
Ozforex is a provider of foreign exchange services. It is often viewed as part of the “hot fintech” (financial technology) sector as it seeks to disrupt the major banks, which have traditionally dominated foreign exchange. Ozforex competes by providing an online service that is simple to use. Importantly, it can offer better rates (tighter spreads between buy and sell exchange rates) to attract people away from the banks.
It commenced business in Australia in 1998 in a garage on Sydney’s northern beaches. It has grown quite rapidly and now has operations in six countries and a market capitalisation of about $500 million. In December it launched a single global brand, (CODE:OFX)
Wednesday, September 30, 2015
When you buy shares in top quality companies with solid balance sheets, good cash flows and a business model that is not susceptible to market fluctuations, it doesn’t really matter if the market drops $55 billion in a day.
That’s because investors who own shares in top-notch companies don’t panic. If you’ve done your research with Skaffold, and you’re confident that the shares in your portfolio are more likely than not to be worth significantly more in two, five or tens years time, then what happens in the market is incidental.
Thursday, November 27, 2014
While the provider of online international payment services for consumer and business clients has only been listed on the ASX for little over 12 months there have been high expectations it would be a long-term growth story.
OzForex Group, delivered a net profit of $12 million from revenues of $41.6 million for the six months to September 30, 2014. The result was well received triggering a share price increase of nearly 10 per cent.
Thursday, October 09, 2014
With the low growth environment likely to continue for some time, investors chasing double-digit growth need to look beyond cyclicals wired to the struggling Australian economy, and refocus on sectors displaying what are known as ‘secular growth opportunities’. For those unfamiliar with the term, ‘secular’ refers to companies with growth upside that’s less reliant on macroeconomic drivers and more hitched to company or sector-specific dynamics.
Tuesday, September 23, 2014
With reporting season now behind us, all eyes should be on recent IPOs where core investors - courtesy of having satisfied escrow arrangements - are finally allowed to sell-down their stake in the business.
With the 58 floats in the 2014 financial year progressively coming off escrow, there could potentially be $3 billion in shares coming to market in the weeks ahead.
You need to watch closely whether the market has sufficient appetite to soak up this imminent flood of shares.
Saturday, May 24, 2014
Skaffold knew OzForex (OFX) was (and still is), economically speaking, a great business.
This week I gained an insight into why. Skaffold rates OFX’s balance sheet and economics A1. I’m giving their customer service an A1+++.
OFX is due to release their full year results on 27 May 2014.
Tuesday, April 01, 2014
Now that the excitement of the reporting season has settled down and analysts have digested financial reports, we take a look inside Skaffold to discover well-positioned, top-quality stocks.
Of the 1767 ASX-listed stocks available for analysis in Skaffold, 163 achieve Skaffold’s preferred scores of A1, A2, B1 and B2. So less than 10 per cent are considered premium investment grade by Skaffold and analysis beyond top-line numbers is critical.
The services sector offers the largest choice of top-quality growth stocks, followed by technology, finance and capital goods.
Monday, December 16, 2013
Investors who expected the recent avalanche of floats to offer up the best chance of a sequel to the 17.4% return the market delivered to 30 June and 21% year-on-year, have received a crude reminder. For a myriad reasons, none the least being overpriced and over spruiked companies wired to uninspiring sectors, most IPOs are best left alone.
The number of lack-lustre floats this year is a reminder that all IPOs need to be pressure-tested to ensure they’re both investment worthy and attractively priced. That’s especially true where listings are owned by private equity firms queuing up to exit and hedge funds that are also circling for a piece of the action.
Our four IPO tips will help you identify true quality and value within the mixed bag of floats coming up in 2014.