Author Archive | Chris Stott

CEO appointments

CEO appointments: internal or external?

The merit of appointing an internal or external CEO depends on the company’s circumstances. Internal appointments tend to be more successful, although alignment of interests with shareholders is critical.

LICs

8 factors to consider when assessing LICs

There are now almost 100 Listed Investment Companies, but they are not created equally. There are important differentiating features that should be considered before choosing where to invest.

ideas

Ten ways to generate new investment ideas

Investors have access to many sources of information, and investment ideas come in many guises from different places, some when you don’t expect them. Where have your best investments come from?

company visits

Why bother with company visits?

Although companies adhere to a continuous disclosure regime, it’s hard to replace the value of company visits for active managers, who glean insights and understandings that financial reports and ASX statements fail to convey.

Capital management techniques in LICs

Many capital management techniques are used by LICs in an attempt to narrow or eliminate the discount at which the price trades relative to net tangible assets – all with varying success.

Why LICs trade at premiums or discounts

The surge in popularity of listed investment companies has seen the erosion of the average price discount relative to net assets. Whether a LIC is likely to trade at a discount or a premium should inform your decision to invest.

Why have small cap stocks underperformed?

Over the last two years, small caps have underperformed their large cap rivals in Australia, which goes against the global historical trend. Where has our small cap additional performance gone and will it return?

Top 10 tips to find great small companies

Small cap companies outperform their large cap peers over the long term and are a great way of adding diversification. But there are hundreds of small companies to choose from, and it’s important to find the quality.

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