Happy customers lead to happy shareholders

September 11, 2018

Happy customers lead to happy shareholders

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.  […]

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Shares of Australian based software developer Altium Ltd soar 32%

August 22, 2018

Shares of Australian based software developer Altium Ltd soar 32%

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 […]

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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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