Reading the news headlines this morning, one could be foregiven for thinking that global financial markets were in the process of imploding.  Sure some stocks suffered fairly steep falls over the past 24 hours,  but astute stock pickers have been rewarded handsomely over the past 12 months.    At Morgan Wealth Management Group, we ran […]

We applaud yesterday’s announcement by the NAB that it would keep its variable mortgage interest rate on hold as an emminently sensible move to shore up customer trust, particularly when many bank customers are under financial strain.  As investment advisers, we value customer-centric businesses over those that merely seek to maximise short-term gains for shareholders.  […]

Australian based printed circuit board (PCB) design software developer, Altium Ltd, soared today following the release of its FY18 results to the ASX.  Key metrics were record growth in revenue of 26% and net profit growth of 34%.  The company expressed its confidence of achieving its 2020 targets of US$200 million revenue and profit margin […]

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 […]

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, […]

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 […]

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 […]

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

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 […]

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 […]