December 2016
- Fund Updates
OC's newly launched micro-cap fund outperformed its benchmark in November, despite difficult market conditions. In contrast, OC's flagship portfolio, OC Premium Small Companies, had a challenging month with many small-cap stocks sold down as large-cap banks and resources stocks received renewed investor interest. November 2016 fund updates OC Premium Small Companies Fund OC Dynamic Equity…
December 2016
- Fund Updates
The 2016 year end distribution timetable is now available. The funds paying a distribution for the period ending 30 December 2016* are: Fund name Distribution payment date Distribution statement date OC Premium Small Companies Fund (OPS0002AU) 18 January 2017 24 January 2017 More information Please note that this is a guide only and is…
November 2016
- News
Out-of-home (OOH) advertising is stronger than ever and is set to steal dollars from its dwindling TV counterpart, according to OC Fund Management’s head of investments, Robert Frost. As Australia’s top advertisers increase their OOH expenditure, B&T spoke to Frost – one of the nation’s best-performing fund managers – to gauge his analysis and forecast for the…
November 2016
- News
ASG Group (ASX:ASZ) is an IT services provider (ERP, managed services and business analytics) with a focus on reliable, long-term government and corporate contracts, targeting double-digit revenue growth in FY17 and improving EBITDA margins. During the September quarter, we added ASZ to our Concentrated Equity portfolio after we met with management following the release of its full-year…
November 2016
- News
The most effective way to generate new stock ideas is not rocket science: it involves burning shoe leather. Covering small and micro caps, the OC team has a broad universe of stocks to stay abreast of (just under 2,900 stocks are currently in the ex-100 universe) and one of the primary means of identifying the…
November 2016
- Fund Updates
The sell-off in the Australian share market in October was largely due to events across the Pacific with rising bond yields in the US and election uncertainty ahead of the US Presidential election weighing heavily on the market. The victory by polarising Republican candidate, Donald Trump, caught the market by surprise leading to significant volatility…
October 2016
- News
Debtor and trade finance business, Scottish Pacific (ASX:SCO), operates primarily in Australia where it is a top three provider of debtor finance solutions with 20% market share, but also with a presence in New Zealand and the UK. We participated in the IPO early in the September quarter, with the stock performing strongly during the…
October 2016
- News
National Veterinary Care (ASX:NVL) reported its first annual result since its August 2015 IPO and pleasingly managed to exceed prospectus forecasts. In the first 12 months of its listed life, NVL has acquired 44 vet clinics and expects to settle a further six by the end of October 2016. The NVL board and management team…
October 2016
- Fund Updates
There was limited new stock-specific news in September and the investment team was busy meeting with the management of current and prospective holdings post the August reporting season. The best performing stocks for the quarter for flagship portfolio, OC Premium Small Companies Fund, were unsurprisingly companies that released solid FY16 results and provided positive commentary…
September 2016
- News
Ardent Leisure’s (ASX:AAD) sale of the Goodlife health clubs and Hypoxi weight loss businesses caught the market by surprise early in the month, with the AAD share price opening 9% higher on the announcement. The gyms had been seen as an ongoing headache with business transformation underway to cope with the increasing prevalence of cheaper…
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