Stock of the Week: Temple and Webster
Market darling online homewares and furniture retailer, Temple and Webster was hit hard this week despite reporting revenue up 138 per cent since the start of FY21. While the company continued to benefit from a consumer shift to online shopping, the market clearly believed the stock was running a too hot. October revenue was up…
The US election: Which sectors will benefit from the outcome
With so much uncertainty and volatility in the lead up to the US presidential election, what are the market sectors set to benefit, and how can investors mitigate the risks? James Whelan from VFS Group Portfolio Manager and Investment Manager at Banyantree Investment Group, Zach Riaz, provided their perspective. “I think it’s still too close…
Job market bouncing back pretty well: vacancies rose by over 6 per cent
Job vacancies rose by over 6 per cent in the latest month with gains in each state and territory. In addition, job ads are up on a year ago in half of the states and territories. Western Australia is benefitting from its relative success in ‘flattening the Covid curve’. Six of the 15 regions with…
Stock of the Week: Altium and sezzle
Stock of the Week #1; Altium Altium launched its new cloud platform Altium 365, expanding its leadership and organisational capacity to drive growth and high performance for market dominance. In the restructure, it’s separating its cloud operations from its software business and will focus on growing its market opportunity and expansion into the broader electronics…
Kochie’s take on the most important Federal Budget in a generation
What a week! The most important Federal Budget in a generation, the Reserve Bank board meeting and Donald Trump sending global markets into a spin over whether there is economic stimulus coming for the US or not… on top of some crazy comments about Coronavirus. Let’s start with the Budget…a few quick comments before getting…
Budget 2020: What it means for your small business
The Australian economy was in pretty good shape going into this pandemic. It’s fair to say, if you had to be in any country in the world to get through this recession it would be Australia. ECONOMY Real GDP is forecast to fall by 3. per cent in 2020 before recovering in 2021 to grow…
Latest property roundup, the media company expected to double in price and interest rates to be cut next week
Happy Friday everyone, I must admit I’m feeling a bit shaggy today and writing this from Adelaide after my AFL footy team, Port Adelaide, won its final against Geelong last night. I’m thinking it will prepare me for the week ahead and 2 big economic events: 1. It’s the first Tuesday of the month and…
Stock of the Week: Cimic and Corporate Travel
Stock of the Week #1; Cimic CIMIC Group’s 50% owned associate, Ventia, has won a $124 million contract extension with the NSW Land and Housing Corporation. Under the contract, Ventia will continue to provide maintenance, project and program services in Sydney, Newcastle and the Hunter Valley. The initial agreement was signed in April 2016, and…
Stock of the Week: Seek
Digital job ads platform, Seek, has confirmed that its Chinese digital jobs classifieds business, Zhaopin, is speaking to potential investors amid speculation e-commerce giant Alibaba could invest “hundreds of millions of dollars” in the company. SEK told the markets that Zhaopin and its shareholders were in discussions with “a number of parties” about new investment…
Rental market starts to tighten…which is good for values
It has been an interesting week for property research. Banking giant Westpac estimates national house prices will only fall by a further 2.3 per cent by the end of the financial year before rebounding by 15 per cent over the following two years. The bank had previously predicted a 10 per cent plunge in prices…
Superannuation continues its recovery
Market stability and continued momentum in shares helped to bolster account balances in August. However, while consumers and investors are looking ahead to a ‘COVID normal’ world, the recovery is highly dependent on infection rates and the gradual easing of restrictions across the country. According to estimates from leading superannuation research house SuperRatings, the median…
