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Nov 5, 2024 | 
moneymag.com.au | Stuart Bromley |Rodney Horin |Christopher Niesche
In the search for value, we are constantly scanning the market for out-of-favour businesses that we believe have been overlooked or over-punished by investors. Taking a longer-term view enables Medallion to accumulate high-quality companies at significant discounts during periods of weakness, ahead of expected recoveries. In our view, Credit Corp Group (ASX:CCP) exhibits these attributes.
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Oct 15, 2024 | 
moneymag.com.au | Chris Batchelor |Dale Gillham |Stuart Bromley
I wrote about Alliance Aviation Services (AQZ) back in May 2023. Since then, almost every metric has improved except the share price. The price has gone from $3.15 to $2.83 a fall of 10%. Given it pays no dividends, that is a pretty disappointing return, especially when compared to the market return of above 16% for the same period. So, if everything is soaring, why is the share price stuck on the ground?
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Oct 10, 2024 | 
moneymag.com.au | Dale Gillham |Stuart Bromley
Did Rio Tinto overpay with its $9.9 billion acquisition of Arcadium Lithium, or could this bold move be one of the best deals we've seen in recent times? Paying a 90% premium over Arcadium's recent closing price might seem hefty, but Rio is clearly banking on the long-term growth of lithium, which is projected to become a $10 billion annual industry. To assess whether this was a smart play for Rio, let's break down the key components of the deal. First, let's consider what Rio actually acquired.
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Oct 8, 2024 | 
moneymag.com.au | Stuart Bromley |Dale Gillham
In looking to spend one more month on the theme of earlier stage pharmaceuticals after covering LTR Pharma in September, this month I'm putting forward a business that is currently in the midst of phase 3 trials with the US Food and Drug Administration (FDA). Much like LTR Pharma, this company brings the potential of shooting the lights out for those open to taking on the additional downside risks that are present in these types of businesses.
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Sep 18, 2024 | 
moneymag.com.au | Chris Batchelor |Dale Gillham |Stuart Bromley
Towards the end of 2022, the analyst community were predicting that the 2023 financial year would mark the end of the revenue growth streak for JB Hi-Fi (JBH). Similar predictions had been made in the past and the analysts proven wrong. They were wrong again this time. How analysts got it wrong about JB Hi-FiRevenue increased in FY23 by 4% to mark the 22nd year in a row of increasing revenue. However the streak finally came to an end in FY24 with a small decline of 0.4%.
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Sep 10, 2024 | 
moneymag.com.au | Stuart Bromley |Simon Brown |Dale Gillham
While Medallion typically targets companies with longer-term track records and strong financial metrics, there are clients who request an exposure to the more speculative parts of the market. While every sector has its own speculative prospects, these high-risk, often binary outcome plays are typically found in mining explorers looking to strike it lucky via a drilling program, or pharmaceutical and biotech companies looking gain regulatory approval.
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Jul 16, 2024 | 
moneymag.com.au | Paul Clitheroe |Tom Watson |Tony Sycamore |Stuart Bromley
I'm wondering what would be a simple and cost-effective way to cash these out for her. We'd like to pay a minimum in fees and commission so that she can retain maximum benefit. She has no other shares and won't need to do any other trades in the future. - TrevorThis is a good idea, Trevor; AMP shares have been a dreadful investment for the past decade or so.
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Jul 16, 2024 | 
moneymag.com.au | Stuart Bromley |Tom Watson |Tony Sycamore |Dale Gillham
While listed property has generally felt pain during the rate hiking cycle, the environment has presented opportunities to identity and accumulate high quality property plays during a pull-back. For Medallion's Australian Equities Growth Fund our only current property exposure, in the industrial property development and management space is Goodman Group (GMG).
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Jun 20, 2024 | 
moneymag.com.au | Thomas Wickenden |Michelle Baltazar |Craig Keary |Stuart Bromley
Of the US broad market indices, one has stood head and shoulders above the rest over the past two decades - the Nasdaq 100 - which comprises the 100 largest non-financial companies on the Nasdaq exchange. Most recently Nasdaq-listed companies have led US markets to all-time highs, which sparks questions about where to next for this exposure. Home to Apple, Amazon, Nvidia and other global technology giants six Nasdaq stocks now boast market caps well over US$1 trillion.
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Jun 19, 2024 | 
moneymag.com.au | Stuart Bromley |Michelle Baltazar |Craig Keary |Dale Gillham
While our model portfolio holds around 30 positions, within that we also have a smaller sub-group of higher conviction core companies that that we typically take larger positions in, and expect to be in the portfolio for the longer-term. In assessing and selecting these core companies, the attributes we target include:Dominance in their respective fields. Strong fundamentals, including a healthy balance sheet and strength across our nine key financial metrics.
