News

Simple Logic For The Value Investor

January Newsletter | What makes a great investment? Is it important to find a great company at any price or any company at a great price? In this month's newsletter we discuss the relationship between price and value when looking at prospective ... Read more

Is It Time To Go Shopping?

December Newsletter | Is it time to go shopping? The festive season is a critically important period for retailers. A significant proportion of their profits come from the pre- and post-Christmas period. Generally forecasts for this season have been ... Read more

Why The Big Iron Ore Producers Face The Ultimate Prisoners’ Dilemma

November Newsletter | Why have the big iron ore producers continued to increase supply despite the obvious effect on price? In our latest newsletter we look at game theory for answers and conclude that despite the likelihood of lower profits, the big ... Read more

Global Steel Supply & Demand

October Newsletter | There are many amazing statistics borne from China's phenomenal growth story over the last few decades, perhaps none more than those surrounding China's growth in the production and consumption of steel. And certainly for ... Read more

Analysing FY14 Fund Returns

September Newsletter | In this edition we analyse the returns delivered by the Fund in FY14 in terms of single stock and sector contributions. ... Read more

Is Now A Good Time To Buy Equities?

August Newsletter | Is now a good time to buy equities? It's the number one question asked of finance professionals. In our August newsletter we provide our view on the perennial question all investors would like an answer to. We look at this in the ... Read more

Differentiating Risk From Volatility

July Newsletter | Differentiating risk from volatility. Low volatility has been a feature of financial markets of late. The US market has been particularly benign, with volatility at levels not seen since 2006. The S&P 500 has just gone through ... Read more