Archive: June, 2022

June 29, 2022

Why I’m less pessimistic about rising official cash rates

By David Buckland

  In this week’s video insight David identifies why he is less pessimistic about rising official cash rates than many commentators, and with the damage done to share prices since late-2021 why we might soon be provided with some good opportunities to buy high quality businesses at very reasonable prices.
June 27, 2022

Aura High Yield SME Fund: Letter to Investors 24 June 2022

By Brett Craig

This week, RBA Governor Philip Lowe spoke about the department’s monetary policy intervention to tackle inflation in the evolving economic environment. Over the last six months, similar factors have continued to put pressure on food and energy prices – namely the war in Ukraine, foods on the East coast, and Covid lockdowns in China.

June 27, 2022

What if interest rates don’t go as high as the market is predicting?

With many market watchers expecting the Reserve Bank of Australia (RBA) to keep raising interest rates, high growth companies with no current earnings, but with potential for strong growth, have been heavily sold off. But, due to the economic impact, I’m not so sure the RBA will raise interest rates by as much as predicted.
June 24, 2022

Why it pays to invest when markets are heading south

By Roger Montgomery

Warren Buffett once observed that “In stocks, it’s the only place where, when things go on sale, people get unhappy. ” Which is ironic, because bear markets give long-term investors a wonderful opportunity to make market-beating returns. And the lower the market falls, the more excited we should be about buying shares in quality businesses at knock-down prices.
June 20, 2022

Aura High Yield SME Fund: Letter to Investors 17 June 2022

By Brett Craig

This week the NAB released the May monthly business survey, reporting an easing in confidence but a strong outlook for conditions. Despite fears, forward indicators suggest that businesses still maintain a relatively positive outlook for the Australian economy.

June 9, 2022

Why rising rates impact corporate earnings too

If you had to pick one topic which has overwhelmed investors in 2022, it is inflation. Inflation is where all roads in 2022 have led – it has forced a shift in central bank policy, impacted both wealth and standards of living and dominated headlines in both financial markets and mainstream media alike.
June 7, 2022

What accelerating business loan book growth means for the banks

The Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA) released lending and deposit statistics for April last week. The data shows a continuation of the acceleration in loan book growth, which is now running at its highest level since 2008. Business lending growth has continued to accelerate while mortgage lending growth appears to have stabilised.
June 6, 2022

Aura High Yield SME Fund: Letter to Investors 03 June 2022

By Brett Craig

This week the Australian Bureau of Statistics reported a second consecutive quarter of GDP growth. Australian GDP rose by 0.8% in the March quarter and was up 3.3% through the year, a more subdued increase following the rise in the last December quarter.

June 3, 2022

Price and Value are two different things – just ask Canva investors

By Roger Montgomery

With the share prices of tech stocks having cratered in recent months, there are perhaps few more opportune times than now to revisit the important difference between Price and Value. It may surprise investors that every business has a real worth or a true value that may bear no resemblance to the currently traded price.


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