NEWS

FUND UPDATES | Whilst there have been several high-profile factors contributing to the risk off environment that has gripped global markets in recent months they all ultimately relate back to underlying concerns about the prospects for economic growth and earnings growth. Entering the new year, many of these uncertainties remain unresolved with ongoing trade and…

ROBERT FROST | We have seen a plethora of analyses in recent weeks from investment banks such as UBS, Morgan Stanley and Citigroup sounding warning bells on the domestic housing market and data from the latest CoreLogic Home Value Index suggests that the Melbourne and Sydney markets are now firmly in retreat. Auction clearance rates…

New research by Money Management shows that OC Funds Management has its entire range of Funds in the top quartile of its peer group over the five years to the end of calendar year 2017. Each of its Funds, including the OC Premium Small Companies Fund, the OC Dynamic Equity Fund and the OC Micro-Cap Fund,…

The OC Dynamic Equity Fund has taken out the highly contested Australian Small Cap Equities Fund Manager of the Year Award for the 2018 Money Management/ Lonsec Award. Robert Frost, OC’s Head of Investments said “ We are extremely pleased to have won this award which recognises our focussed risk management and detailed screening process…

Several significant corporate transactions saw us add Seven Group Holdings (ASX:SVW) to our portfolio during the September quarter. These included: the sale of WesTrac China to Lei Sing Hong Machinery for $540m the acquisition of the remaining 53.3% of Coates Hire not already owned by the Group for $517m, and a capital raising of $375m…

The A2 Milk Company continues to re-rate on the back of a very strong trading performance driven by ongoing gross margin expansion and continued rapid growth in sales of its A2 Platinum infant formula, especially in the large Chinese market. Management continues to exceed the financial expectations of both the overall market and our internal…

As a provider of drilling fluid products, downhole instrumentation and geo-analytic services to exploration, development and resources production companies, Imdex Limited is highly leveraged to any uptick in key commodity prices such as gold and/or base metals. It's a business we know and understand well, having been a holder of the stock during previous cyclical upswings, and we remained…

Kogan.com was a stand-out performer amid the doom and gloom of the retail space with several highlights from its inaugural full-year result as a listed company. On the back of three earnings upgrades leading into the result, Kogan again provided upside surprise for investors delivering EBITDA ahead of guidance, very strong EBITDA cash conversion of…

Following share price weakness ahead of its full-year result, we added Reliance Worldwide Corporation to our portfolio. Reliance is a global plumbing supplies business specialising in reliable and premium branded water flow and control products including the market-leading 'SharkBite' push-to-connect fittings. We consider Reliance to be a high-quality global growth business with a structural growth…

Small and micro-cap Australian equities manager, OC Funds Management, today announced its micro-cap fund has been included on FirstWrap and Macquarie Wrap (Super). The OC Micro-Cap Fund aims to deliver investors strong long-term capital growth by investing in Australian and NZ companies with a market cap of less than $350 million. Robert Frost, OC’s Head of Investments,…