Stock of the Week: Temple and Webster
Online homewares retailer Temple & Webster has had a stellar 12 months… not just increasing sales but also share price rise. This week it reported full-year revenue has spiked by almost three-quarters to $176 million, as the coronavirus lockdown played into the hands of the online retailers. Just last month, the online furniture retailer raised $40…
Kochie’s economic update: Economies suffering from COVID and savings rates continue to fall
Hi everyone… and to all those in Victoria, hang in there the whole country is supporting you and sending our love. End of another week and more information coming out about the economic damage from the Coronavirus pandemic. . Last night the US economic figures were released showing an 8 per cent contraction in the…
Tax mistakes by investment property owners
I found this really interesting during the week as I know many of you are property investors. BMT Tax Depreciation, Australia’s leading provider of depreciation schedules, says investment property owners are making 3 costly mistakes on their tax returns when it comes to depreciation; Getting the depreciation category wrong There are two types of depreciation…
Economic update: numbers are scary but we’re in better shape than most
I think we need the weekend to recover from the barrage of information we’ve received this week about the economy and Government stimulus. It has been overwhelming and some of the numbers are downright scary. But, keep it in perspective. Before I get into some of the detail can I make some big picture comments…
Stock of the Week: Audinate
Provider of professional digital audio solutions, Audinate, is in a trading halt after announcing a $40 million capital raise to accelerate growth and pursue potential M&A. This consists of a $28 million insto placement and $12 million SPP. We asked experts on The Call, Rudi Filapek-Vandyck from FNArena and Claude Walker from A Rich Life to…
Australia’s unemployment rate will top 9% as we head to Christmas, Treasurer says
Australia’s unemployment rate is predicted to hit 9.25% in the December quarter this year as the shockwaves from the Covid-19 pandemic continue to hit the national economy, Treasurer Josh Frydenberg said in updating the government’s budget figure In the Economic and Fiscal Update released today, the Treasurer said 700,000 jobs had been saved as a…
Stocks of the week: Breville Group and Technology One
It’s certainly shaping up to be an interesting earnings season with companies struggling to get an accurate gauge on earnings in the wake of the pandemic. Investment Director, Small Caps at IFM Investors, Melinda White, says 157 companies withdrew guidance during the peak of the lockdowns, with 123 of them in the small-cap space. She…
Top superannuation fund performers and record low interest rates
According to leading research house SuperRatings, Suncorp was the top returning fund over the 12 months to the end of June, with the Suncorp Multi-Manager Growth Fund returning 3.8 per cent. This was followed by BUSSQ and Australian Ethical Super, whose balanced options returned 2.5 per cent and 2.4 per cent respectively. Over 10 years,…
The economic impact of the COVID-19 crisis is starting to come through
The economic impact of the COVID-19 crisis is starting to come through in the monthly numbers. The latest were this week’s employment figures. – while the unemployment rate rose from 7.1 per cent to 7.4 per cent in June, it was the highest jobless rate in 21½ years (since November 1998). – the good news was…
Millennials are eager to buy property post-COVID, but is it a good time?
Millennials remain optimistic about home ownership despite the current array of risk and uncertainty, unwilling to let the pandemic interrupt their plans. A third say they want to buy a property in the next one to two years, new research shows. Despite the uncertain economic recovery from coronavirus, strict lockdown conditions being re-introduced in parts…
As Victoria goes back into lockdown, here are a few things you need to know this week
Happy Friday everyone, As Victoria goes back into lockdown to fight a second wave of the Coronavirus, economists are getting concerned about the economic damage and investors are getting spooked. A couple of points to make up front; The Government is borrowing money at less than one per cent interest. I’ve mentioned this before, but…
