For those movie buffs, you might recall the line from Matt Damon’s character in the movie Good Will Hunting after he secures the phone number of a young lady in a bar;
“Do you like apples? Well, I got her number. How do you like them apples?”
This line springs to mind when we take a look at the recent performance of several listed global companies (some of which you own in your portfolios), returns have been eye watering!
This is simply another reason to ensure that underlying valuations of the investments and/or fund managers we recommend to you are always questioned, prices are challenged, based on the available information.
This line springs to mind when we take a look at the recent performance of several listed global companies (some of which you own in your portfolios), returns have been eye watering!
This is simply another reason to ensure that underlying valuations of the investments and/or fund managers we recommend to you are always questioned, prices are challenged, based on the available information.
Here are a few to ponder:
How do you like them apples?
As we have reached the end of another financial year, we wanted to send a reminder about income distributions.
The Australian equity market (as measured by the S&P/ASX 200) started the year off much like the previous finished, although most of the steam had been taken out of the rally with January producing a solid +1.20% return. February was much more muted with the uncertainty of an imminent reporting season hanging over the market however with better-than-expected results, coupled with softer-than-expected domestic inflation data, March provided some highlights as Australian shares hit new record highs. The quarter ended on a high with March producing +3.27% closing the quarter off with an attractive +5.53%.
The Australian equity market (as measured by the S&P/ASX 200) started the December quarter the same way the September quarter ended, with a sea of red as stubbornly high inflation and rising bond yields placed pressure on current and forward-looking company earnings. November and December came roaring back as positive inflation data (i.e. lower inflation numbers) and sudden falls in bond yields created an air of optimism and the potential end of central bank tightening. The share market closed at near record highs.