Noosa Waters Share Investing

DEAN FERGIE Cyan Investment Management 3 days ago Pile-Up! What is Wrong with Domestic Automotive Stocks? Automotive Holdings (ASX:AHG) issued a downgraded earnings report this week, joining fellow automotive retailers AP Eagers (ASX:APE), Automotive Solutions (ASX:4WD) and Super Retail Group (ASX:SUL), all of which have all guided expectations down in the just past month. With this cohort experiencing an average price fall of over 25% in the past four weeks alone, investors should be asking themselves if the era of the automobile (and auto related investment) is coming to an end. Australia's car sales statistics have been impressive over the past 9 years, particularly in light of the benign economic backdrop. Monthly New Motor Vehicle Sales - having dipped to 74,000 in November 2008 during the height of the GFC - have risen steadily, topping out at just over 100,000 (seasonally adjusted) in September 2016. However, as this ABS graph shows, there has been a...

The following article comes from Marcus Today earlier this week The AFR (Jonathan Shapiro) runs  an interesting article today about a flip flop wearing $20bn fund manager  in Laguna Beach that has outperformed their global stock market benchmark by 5% pa since 2008 returning 12.8% pa. I have slightly edited this. They say their investment process is to focus on companies with "expanding moats" that have the culture to succeed over the long term. “Every business's competitive advantage is getting weaker or stronger. Instead of looking for wide moat businesses we are looking for ones where we can make the case that, five or 10 years out, the competitive advantage is getting bigger. We call that 'moat trajectory’ and if you get that 'moat trajectory' right, any of the discounted cashflow work is going to look ludicrously conservative. By the same token, if that moat is retreating, they're out, no matter how fantastic the company. The  five most danger...

The link for this webinar is at the bottom of this post. Two hours (yes it is long) of some of the best investment tips from Australia's top fund managers. If you wanted to attend a similar event elsewhere you would be paying over $2,000 for a ticket. For those who are not familiar with Future Generation they have two LICs that invest in other fund managers. All the fund managers and most of the suppliers waive their fees and FG donates the equivalent of 1% NTA to charity. The people behind it are the whos who of  funds management and LICs Here is the link  https://www.youtube.com/watch?v=5WrMmcdOFNw