Sims - is it time to recycle our thesis?
We provide an overview of Sims Limited, explain our original thesis and what has happened since we last wrote about it in September 2018.
Weighty decisions – an overview of portfolio construction
How Allan Gray uses probability theory to optimise the risk and return of their investments.
Four small caps for the 2023 contrarian
Last year was one the worst on record for global stock markets. Yet the MSCI World Index has returned to levels that can hardly be described as cheap, trading at...
Four mispriced Australian and international stocks you should know about
Arguably the time is ripe to be hunting for undervalued stocks. Markets are choppy. Interest rates are rising. Inflation is high. Investors are nervy. Striking gold...
Tech giant becomes a contrarian’s value stock
As bottom-up stockpickers, we go where our most compelling individual investment ideas take us. Sometimes the stocks that we find attractive are classified by others...
What’s the most recent investing mistake you’ve made?
Mistakes are a part of life. But reflecting and learning from them is one of the keys to being a successful investor says Tim Hillier from Allan Gray Australia. ...
Opportunities in the great reweighting
Despite a worldwide rotation into value and cyclically-exposed companies, the rotation in Australia has been modest, and weighted to the performance of just seven...
Making money from unloved and out-of-favour stocks
It takes a special type of person to be a contrarian investor. Few people are willing to buy companies while others predict doom. It requires accepting that you won’t...
Dodging the darlings and loving the lonely
Our lack of exposure to the high-growth technology sector and the stable earnings streams from the healthcare and consumer staples sectors may seem extreme. But so are...
What we can learn from G8 Education
COVID-19 has wreaked havoc on all our lives and parents in particular have found it challenging. With childcare centres shutting early in the piece, parents were not...
3 pockets of value for patient investors
If there’s one thing to say about this market, it’s that investors appear happy to leave the unloved sectors ¬alone. Take oil, for example. The oil price is currently...
Short term outlook no roadblock for optimism
A lot has happened over the last quarter, with equity markets enjoying a very sharp rebound. Most economies have begun to reopen and many people’s lives are beginning...
Buy Hold Sell: 6 of the most Googled stocks
An investor’s best friend… Google. We all use it, we all love it. Google processes approximately 70,000 search queries per second, meaning 5.8 billion searches per...
Valuations creating once-in-a-lifetime opportunities
Looking back on the start to 2020, it's hard to know where to begin. In Australia, the widespread and devastating bushfires had barely been extinguished by damaging...
‘Completely nuts’: CSL’s disconnect with reality
Since the start of 2020, the S&P/ASX 200 has lost a quarter of its value; while the Financials and Energy sub-sectors have fared even worse with declines of 30% and...
Entry points emerge in beaten up sectors
It’s often said that good investing is a matter of waiting to see the opportunity, acting decisively when the time comes and then being brave enough to hold your nerve...
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