Dear %%first_name%%,
The Royal Commission has highlighted how bad culture can KO a company’s share price. We know how culture can detract from performance and astute investors have known for a long time that there can be a correlation between what management does and the performance of a stock. In her article today, I ask Julia Lee from Bell Direct questions about the important issue of corporate culture and share performance.
Tony Featherstone has been writing on stocks in this Report for several years, and his call rate is impressive. Tony became bearish on the star providers of independent investment platforms HUB24 and Netwealth in June last year, nominating them for a special issue on stocks to sell. He said in this Report at the time: “With both stocks more than doubling over a year, and with sentiment (in terms of HUB24 and Netwealth) from the Royal Commission peaking, early investors should lock in some profits. My hunch is they will be able to buy back into both stocks at lower prices later this year or next and get cheaper exposure to the trend towards independent financial advice and platforms.” Today in the Report he asks: “Is it time to buy these former market darlings yet?”
Our Professional’s Pick today is from Jun Bei Liu, Portfolio Manager, Tribeca Investment Partners, who explains why she likes Ansell, the leading global supplier of industrial and healthcare gloves.
And in Buy, Hold, Sell – What the Brokers Say, downgrades have continued to outnumber upgrades so far this week, with Appen receiving two downgrades from stockbrokers.
In Questions of the Week, Paul Rickard answers readers’ queries about Macquarie’s new hybrid. super contributions, whether NAB is too risky and political donations from your SMSF.
Also, we’re running a campaign to attract new subscribers that involves a lunch with me (and I’ll twist Paul’s arm to come along!). One subscriber kindly emailed and asked if he could enter the draw as an existing subscriber. Of course we said YES! And it made us think of doing more for our subscribers as a thank you for your loyalty. So watch this space! If you want to enter this lunch draw, simply reply to this email.
Finally, don’t forget our webinar tomorrow looking for the best stocks for income in 2019. Click here to register. If you can’t make it tomorrow, a recording will also be made available on our website.
Enjoy the read and your day and “I’ll be back” with our Saturday Report! Hope to hear from you in the webinar.
Sincerely,
Peter Switzer