Pharmaceutical powerhouse CSL continues to shine

August 15, 2018

Pharmaceutical powerhouse CSL continues to shine

Biotech company CSL this morning reported a strong profit growth of 29% for the year, beating its own management guidance provided in May. Revenue increased across the board, including new product launches and the plasma business. According to CEO Paul Perreault, “the tightness in supply of our key raw material, plasma, has been a feature […]

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ResMed shareholders also sleep well at night

August 6, 2018

ResMed shareholders also sleep well at night

Sleep device maker ResMed this morning reported a 13% increase in revenue for the year ended 30 June 2018 together with a 27% increase in operating income. Chief Executive, Mick Farrell, was reported as saying that “we closed out the year with strong performance across all aspects of our business, from solid top-line revenue growth, […]

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Volatility is the new normal in equities. How can investors beat it?

August 4, 2018

Volatility is the new normal in equities.  How can investors beat it?

Volatility in equities is a massive turnoff for conservative investors, particularly retirees.  One solution is to not go near equities, but over the longer term that would lead to sub-par returns.  The Australian stock market is dominated by the big 4 banks which now face mounting headwinds to profitability due to over-stretched housing prices and […]

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Professionals struggling to cope with SMSF changes

January 25, 2018

Professionals struggling to cope with SMSF changes

Last week the Australian Taxation Office (ATO) announced that it will extend the due date for the lodgement of self-managed superannuation fund (SMSF) annual returns for FY2017 to 30 June 2018. The ATO has acknowledged that professionals may need more time to cope with the significant legislative and regulatory reforms that took effect on 1 […]

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Internationalisation of Australian Higher Education

October 13, 2017

Internationalisation of Australian Higher Education

It was a pleasure for us to support the Australian Institute of International Affairs at the 2017 Sir Zelman Cowen Oration last week when Professor Margaret Gardiner AO spoke about the benefits to Austalia of an increasingly internationalised education sector, not only economically, but also socially and in international relations …more

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BHP reportedly likely to record a record loss of US$6.8 billion

August 12, 2016

BHP reportedly likely to record a record loss of US$6.8 billion

BHP Billiton Ltd could be on track to report its largest corporate loss since it was created in a merger in 2001, and possibly the biggest reported loss for BHP since its inception, says UBS. The broker has been reported to forecast a net loss of US$6.80 billion when the miner reports its annual earnings next week, versus […]

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Why disruptive innovation could be the key to human evolution

May 30, 2016

Disruptive Innovation Human Evolution Wealth Management

The rhetoric of the term ‘disruption’ has culminated in an inherent feeling of panic or fear relatively consistently ever since the concept was fully realised by Clayton M. Christensen back in 1995. The point of view he presented was of ‘disruptive innovation’ which was defined and analysed in his published article ‘Disruptive Technologies: Catching the […]

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Smart investing in a low interest rate world

May 19, 2016

Smart investing in a low interest rate world

On Tuesday we attended Platinum Asset Management’s 2016 Roadshow in Melbourne. The main takeaway for us was that global investors should not invest geographically on a regional basis, but look for outstanding businesses regardless of their corporate domicile. At Morgan Wealth Management we believe that in a low interest rate, stagnating global economy over-burdened with seemingly unlimited […]

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Budget 2016: A Mixed Bag of Superannuation Reforms.

May 16, 2016

Morgan Wealth Federal Budget 2016 Superannuation

Greater flexibility for some, but severe restrictions for others. With the surprise announcement of the Federal Government’s Superannuation Reform Package attracting much debate around the Budget last week, we thought it important to join in amongst the conversation. The package overall provides for greater flexibility for accumulation, but also contains severe restrictions that limit large […]

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Why it’s time to divest from fossil fuels.

April 19, 2016

Morgan Wealth Fossil Fuels Coal Mine Investment Divestment Sunset

The sun is setting on fossil fuels. As of late last week, the world’s second largest coal mining company, Peabody, officially filed for US bankruptcy protection. The failure of a company of such status to adequately protect themselves to the rapid changing of the times, was just another reason on a long and significant list detailing why […]

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