Episode 11: Audinate, Volpara, Dicker Data, locality Planning and listener mailbag

In this episode we talk through the Banking Royal Commission, and what that might mean for banks. We also review the quarterly updates for Catapult (CAT) and Envirosuite (EVS), and Matt outlines a huge challenge facing the worlds second largest economy, and what that might mean for Australia.

In a recent conversation on the Excess Returns podcast, NYU Professor Aswath Damodaran talked about his latest book, “The Corporate Life Cycle“, which argues that businesses, like people, age. They start young, grow with vigor, reach middle age, and then — no matter how hard they fight it — begin to slow down. This natural cycle, he argues, should guide how […]

Over the long run, the main driver of share price is earnings per share (EPS). If, for example, EPS has grown at 10% annually over a decade, you can be reasonably confident that the share price will show a similar appreciation. Consider REA Group (ASX:REA), whose per share earnings compounded at an average annual rate of 27% between 2004 and 2023 (yes, it’s […]

With the latest half-yearly reporting season now over, it’s a good time to reflect on our investments. At least, that is, in a more considered way than is possible in the heat of the moment. The spray of numbers, often coming from multiple companies on the same day, can be extremely hard to digest. It’s like drinking from a fire […]

When I first started to attend company briefings, I usually came away feeling more than a little stupid. It always felt like I was accidently sat at the adults table; nodding along like an idiot and desperately hoping no one expected me to speak. While others asked probing questions on all manner of esoteric accounting adjustments and industry specifics, I […]

I bet you heard the news this week about the China Evergrande debacle. Global markets shedding billions of dollars due to large and small investors fearful of the butterfly effect of an international behemoth in mountains of debt. China making cryptocurrencies illegal certainly didn’t help investor sentiment either, smashing crypto markets and stocks associated with them too. Volatility struck the […]

With shares up over 300% this year alone, has this horse already bolted?

At bottom the ability to buy securities – particularly common stocks – successfully is the ability to look ahead accurately. Looking backward, however carefully, will not suffice, and may do more harm than good.” — Benjamin Graham The financial statements can tell you a great deal about a company, and any serious investor ignores them at their own peril. Revenue, margins, […]