Investor Insights

September 28, 2022

Small to medium enterprises throughout the pandemic and beyond

By Brett Craig

Small to medium enterprises (SMEs) have been underserviced in the lending market for some time, further exacerbated by the COVID-19 global pandemic. The onset of the COVID-19 Global Pandemic in March 2020 brought shock and great uncertainty for individuals and business owners.
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September 26, 2022

Aura High Yield SME Fund: Letter to investors 26 September 2022

By Brett Craig

The Reserve Bank of Australia has released a renewed paper reviewing how small to medium enterprises (SMEs) access funding. This report comes off the back of a July meeting with the Small Business Finance Advisory Panel, providing an update on the current state of the SME finance market.
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September 13, 2022

Fintech SME lending in Australia

By Brett Craig

Fintech-based lenders have emerged since the introduction of the peer-to-peer platform Zopa in the United Kingdom in 2005. Fintech lenders aim to reduce friction in the borrowing process for their customers, reducing the turnaround time from application to funding and offer products which best suit the borrowing needs of the customer.
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September 12, 2022

Aura High Yield SME Fund: Letter to investors 09 September 2022

By Brett Craig

The RBA has raised rates for the fifth month in a row bringing the cash rate to 2. 35% with the expectation of reining in inflation by the end of the year. Largely in line with market expectations, the RBA raised the cash rate by 50 basis points. This is the highest cash rate since early 2015.
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September 5, 2022

Aura High Yield SME Fund: Letter to Investors 02 September 2022

By Brett Craig

The retail trade and APRA July 2022 data released this week provided more data to support RBA hikes in the coming months. This week the ABS released data for retail trade turnover and volume. This dataset includes references to retail businesses including stores and online sales.

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September 5, 2022

August reporting season wrap

By Roger Montgomery

In the wash-up of the FY22 reporting season a significant amount of focus has been directed to the proportion of companies that beat, met or missed expectations. Roughly 30 per cent of companies beat analyst forecasts, slightly more than 41 per cent were in line with estimates, and the remaining 29-odd per cent missed estimates.
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August 31, 2022

The REA Group wild share price ride

By Roger Montgomery, Roger Montgomery

For a company with such high quality, REA Group (ASX:REA) has experienced an amazing share price range in the last twelve months. On 5 November 2021 REA hit a market capitalisation of $23. 9bn when somebody paid $180. 67 per share. Just seven months later, the share price hit $93. 77 giving the company a market value of $12.
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August 26, 2022

Aura High Yield SME Fund: Letter to Investors 26 August 2022

By Brett Craig

It was a relatively quiet reporting week from an economic and market perspective. Sometimes less news is good news!  This week the ABS released the counts of Australian businesses, which outline the number of actively trading businesses, rates of entry to exit from the market sector of the economy and the rates of business survival.
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August 25, 2022

What the Supercheap and Adairs results tell us about the retail sector

By Roger Montgomery

Some retailers – such as Supercheap Auto (ASX:SUL) – are reporting better than expected results this reporting season. But this hasn’t prevented many analysts from painting a gloomy picture of the retail sector, due largely to the impact of rising interest rates and inflation on consumers’ wallets.
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August 23, 2022

Is Beacon Lighting shooting the lights out long-term?

By Roger Montgomery

Beacon Lighting (ASX:BLX) supplies and distributes lighting and fans through a network of 117 company stores and two franchised stores, five of which were opened in FY22. The company’s own research suggests capacity for 184 stores in Australia. After rallying 571 per cent, from its pandemic-inspired share price lows, to $3.
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August 22, 2022
WHITE PAPERS

Are we there yet? What to do when the bottom of the market is unknown

By Roger Montgomery

The current equity market environment reflects soaring inflation, increasing interest rates and the first half of calendar year 2022 saw a double-digit decline in most major indices. The popularity of large-cap U. S. equities decreased significantly in the wake of their 2020 high point and the volatility of mid-cap and small-cap stocks has been dramatic.
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