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, May 20, 2014
Since first flagging Titan Energy Services (TTN) as a stock on an impressive growth trajectory in August 2013, the company’s share price has been on a roller coaster ride.
TTN was trading at $2.27 when Skaffold crunched its 2013 full year results through its automated algorithms, and upgraded the company’s Skaffold Score from B3 to A2. By late October the share price hit $3.71 before retreating back to $2.07, as at 19 May 2014 close of trade. It was $2.32 on 12 May 2014. TTN’s share price isn’t for the feint hearted.
Today Titan Energy Services issued a trading update, and announced its win of new contracts. Here’s a snapshot of the good and bad disclosed in today’s announcement.
Thursday, March 13, 2014
With the valuations of ASX-listed companies looking increasingly stretched, it’s more important than ever to use Skaffold’s filters to flag which stocks to avoid in 2014. The filters built into Skaffold stock research software help to remove stocks from your radar that aren’t regarded as investment grade – which by Skaffold’s measure is limited to stocks with an A1, A2 or B1 and B2 rating of balance sheet quality and business performance.
Removing ratings that don’t make the grade culls the stocks you should be seriously looking at down to around 160, which is only 10% of the 1,770 ASX-listed entities rated and evaluated by Skaffold’s automated algorithms.
Remember, even good stocks can and do lose their investment grade status for a myriad reasons, which surface following the release of interim and full year results.
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.
Tuesday, June 11, 2013
While often overlooked by investors when analysing fundamentals, there’s no better insight into what’s left for you as a shareholder in a business once it’s paid all its bills than an analysis of cash flow. When it comes to assessing the investment quality of a company's cash flow, you should be attracted to those with sufficient money in the bank to fund their operations and produce an ongoing Funding Surplus. The greater a company’s Funding Surplus the more likely it is to avoid excessive borrowing, expand its business, pay dividends and withstand any economic downturns.
You need to be wary of well-known large-caps with unhealthy cash positions which may still attract uninformed investors due to their size. High profile stocks with large debt and poor cash flow – which contributes to poor Skaffold Scores - include: Sonic Healthcare (SHL), Seven Group Holdings (SVW), James Hardie Industries (JHX), Toll Holdings (TOL), Oil Search (OSH), Woodside Petroleum (WPL), Leighton Holdings (LEI), Asciano (AIO), Duet Group (DUE), Tabcorp Holdings (TAH), Transurban (TCL), Brambles (BXB), Origin Energy (ORG), SP AusNet (SPN), APA Group (APA) and Sydney Airport Holdings (SYD).
Tuesday, February 26, 2013
Over the weekend more than 70 companies updated in Skaffold. The number of A1-rated companies fell to 39, and A2-rated companies to 81 companies.
Companies to update based on their recent interim or full year results include include Breville Group (BRG), mining services business Sedgman (SDM), for casino operators Crown Group (CWN) and Echo Entertainment Group (EGP), BHP Billition (BHP), Fortescue Metals Group (FMG), Iluka Resources (ILU), Cabcharge (CAB), Fleetwood (FWD), Fantastic Holdings (FAN), Village Roadshow (VRL), Adelaide Brighton (ABC), Alumina (AWC), Goodman Group (GMG), APN News and Media (APN), Tatts Group (TTS), Infomedia (IFM), Data#3 (DTL), Ausenco (AAX), Magellan Financial Group (MFG), Insurance Australia Group (IAG), AMP Limited (AMP), Seven West Media (SWM), iiNet (IIN), Macquarie Radio Network (MRN), Fairfax Media (FXJ), Envestra (ENV), Brambles (BXB), Chandler Macleod Group (CMG), Austin Engineering (ANG), Codan (CDA), The Reject Shop (TRS) and NRW Holdings (NWH), Platinum Asset Management (PTM), Mermaid Marine (MRM), Australian Share Registry (ASW), Super Retail Group (SUL), Amalgamated Holdings (AHC), TCT Tomlinson (RCR), Servcorp (SRV), SEEK (SEK), ASX Limited (ASX) and Origin Energy (ORG).
Thursday, January 31, 2013
Last week on our Facebook page we asked a question… Which stocks are on your 2013 watch list? You said media (we picked out News Corp (NWS) and Ten Network (TEN)), CSL Limited (CSL), Iluka Resources (ILU), QBE Insurance (QBE), Woodside Petroleum (WPL), Origin Energy (ORG), Cedar Woods Properties (CWP), LogiCamms (LCM), InvoCare (IVC), Amalgamated Holdings (AHD), GUD Holdings (GUD), DEXUS Property Group (DXS) and SP AusNet (SPN). This morning we logged into Skaffold and created a portfolio of your 14 stocks.
Tuesday, August 21, 2012
The story of a company, regardless of whether the business is owned by one shareholder or many – its history of earnings, dividends, equity, debt, cash flow and capital growth – is told the same way.
Once you understand the business, its economics and future growth prospects, its imperative to estimate its value to determine an appropriate price to pay for its shares.
Ideally you want to buy shares when some of the existing shareholders are willing to sell them to you for much less than they are worth, and sell shares when other members of the investing public are happy to pay you much more than their underlying value.
Read on to discover what Skaffold says about CSL Limited (CSL), Telstra Corporation (TLS), Monadelphous Group (MND), Commonwealth Bank (CBA) and Credit Corp Group (CCP), the five stocks nominated by you, the Skaffold community.
Wednesday, August 01, 2012
Over the next six weeks more than 60% of the companies listed on the ASX will report their full year results.
How will the results flow through Skaffold?
Throughout August Skaffold members will receive a weekly email highlighting a selection of companies that have reported.
Following are a few well-known companies scheduled to report their full year results over the next few weeks...
Telstra (TLS), Transurban Group (TCL), Stockland (SGP), Cochlear (COH), Credit Corp (CCP), Tabcorp (TAH), Commonwealth Bank (CBA), Newcrest Mining (NCM), Brambles (BXB), ASX Limited (ASX), Echo Entertainment (EGP), Duet Group (DUE), Treasury Wine Estates (TWE), UGL Limited (UGL), Ansell Limited (ANN), Wesfarmers (WES), Carsales.com (CRZ), Goodman Group (GMG), Monadelphous (MND), Boral (BLD), Super Retail Group (SUL), Fairfax Media (FXJ), Qantas (QAN), Cabcharge (CAB), Billabong International (BBG), BHP Billiton (BHP), Woolworths (WOW), CSL Ltd (CSL), Fortescue (FMG), Origin Energy (ORG), Amcor (AMC), AGL Energy (AGK), QR National (QRN), Insurance Australia Group (IAG), Crown (CWN), CFS Retail Property Trust (CFX), Sonic Healthcare (SHL), Ramsay Healthcare (RHC), Worleyparsons (WOR), Lend Lease (LLC), Transfield Services (TSE), Perpetual (PPT),
Click here to view a detailed reporting season calendar.