Buy Hold Sell, by Livewire Markets

Buy Hold Sell: 3 LICs at a premium and 2 at a discount

While the listed investment company (LIC) sector has grown 32% during the past financial year, underperforming LICs - particularly those that persistently trade at a discount to their net tangible assets (NTA) - remain in the spotlight. 

According to data from Morningstar (as of June 30), 64 of the 100 ASX-listed LICs that they track trade at a discount to NTA post-tax (pre-tax this number shoots to 80), with the average LIC on their list trading at a discount of -4.4%. 

In fact, Morningstar found that over the past financial year, 12 of these listed investment vehicles have either shifted into a different structure or have been wound down. 

In this episode of Buy Hold Sell, Livewire's Bella Kidman was joined by VFS Group's James Whelan and Stockspot's Chris Brycki for a look at some of the best and worst that LICs have to offer. These include LICs from the Wilson Asset Management stable, as well as Regal, Plato, VGI Partners and Antipodes. 

It seems there is a LIC for everyone ... or is there? 

Note: This episode was filmed using Zoom on the 22nd of July 2021. 

Buy Hold Sell: 4 winning small caps and the worst of FY21

Where else in the world can you find innovative treatments, lithium, candles and jewellery all in the same category? In the small-cap arena of course! 

In the final instalment of Buy Hold Sell's FY21 review, we take a look at some of the pocket rockets within the small end of the market. While the ASX broadly had a commendable year, it was the darlings in the small-cap space that had a cracker. The ASX Small Ords Index was up around 27%, thanks to names like Brainchip and Chalice Mining. 

It was, however, our top-performing small-cap for FY21, discussed by our guests, that rallied the group, up over 1000% (you'll have to watch to find out what stock it is). 

But will FY22 see a similarly spectacular run? That was the question posed to Shane Fitzgerald from Monash Investors Limited and Emanuel Datt of Datt Capital. In this episode of Buy Hold Sell, Livewire's James Marlay quizzes our guests on the best and worst-performing small caps of FY21. They'll also provide their outlook for this area of the market for the upcoming 12 months. Plus, our guests will also share two winning stocks for the year ahead. 

Note: This episode was filmed using Zencastr on the 7th of July 2021. 

Buy Hold Sell: 2 cracking big caps for the year ahead

Large caps had a smashing year in FY21. The S&P/ASX 100 index returned more than 20% over the past 12 months - which is pretty incredible when you think that in the five years prior the index only returned around 5.5%. 

In fact, if you had invested in the benchmark at its COVID-low in March 2020, you would have enjoyed a nice 51% return (retrospect is a fickle thing, isn't it?). 

In this episode of Buy Hold Sell, Livewire's Ally Selby is joined by First Sentier's David Wilson and Firetrail's Blake Henricks for a look at some of the best and worst-performing large caps from the past financial year. They'll share whether or not the winners still present good value and if the losers' fortunes could improve over the months ahead. 

Plus, they'll share their #1 pick for the new financial year. What more could you want? 

Note: This episode was filmed using Zencastr on the 7th of July 2021. 

Buy Hold Sell: The best and worst-performing ETFs of FY21

It's been a cracker of a year for Australia's ETFs, with funds under management swelling by 79% to reach $102 billion.

Over the past financial year, 27 new ETFs were listed on the ASX, taking the total number of products available to investors to 220.

In fact, Stockspot has found that ETFs saved Australians a whopping $500 million in fees, compared to if they had invested with fund managers - what more could you want?

So what were the best and worst-performing ETFs of the past financial year, and which ETFs do the experts think will outperform over the coming 12 months? I'm glad you asked.

To get into the nitty-gritty of the good, the bad, and the ugly of the ASX's listed ETFs, Livewire's Bella Kidman was joined by Medallion Financial's Michael Wayne and Shaw and Partners' Adam Dawes to answer these very questions. Plus, they'll share their #1 ETF for the year ahead.

Note: This episode was filmed using Zencastr on the 7th of July 2021.

Buy Hold Sell: 5 beaten up growth stocks

High P/E stocks’ blistering run appeared to have come to a screeching halt in April and May, when the Aussie tech sector got sliced by over 15%. But June showed us that growth stocks only took a bullet to the vest, and their share prices are climbing back again with zest.

In this episode, we invited Ben Clark of TMS Capital and Justin Braitling of Watermark to discuss three stocks rebounding, but below all-time highs:

1) Afterpay – Which nearly halved during the recent mini-tech wreck and then soared 61%. But one of our guests thinks this company will never peak again
2) Treasury Wine – After being smashed by Chinese tariffs, this stock has managed to recover ~20% since its May low
3) IDP Education – A key player in the business of immigration; its share price has risen 25% since bottoming.

The daring duo also pitched two growth stocks - one a tech company, the other an exporter - that were off 75% at one stage, but could be once-in-a-lifetime opportunities for gutsy investors.

Note: This episode was filmed on 23 June 2021.

 

Fundies warn of imminent market correction

Well, the kryptonite of share markets is well and truly back: Inflation. Yes, the nemesis of both common and superhuman investors alike, has risen from the dead after what had been a decades-long slumber.

The Reserve Bank of Australia and the US Federal Reserve have both signalled that rates will be rising over the coming two years, sooner than many investors would have liked.

Worse still, TMS Capital's Ben Clark and Watermark Funds Management's Justin Braitling believe that a correction could be on the cards.

Justin points to a rallying USD as a clear signal, warning of a pullback in risk assets over the months ahead. Meanwhile, Ben believes we are nearing the end of the cycle, with a bear market on the horizon in a year or two's time.

So, how should you position your portfolio with all this in mind? You'll just have to watch this thematic episode of Buy Hold Sell to find out. Note: This episode was filmed on 23 June 2021.

Note: This episode was filmed on 23 June 2021.

Buy Hold Sell: 5 sturdy stocks for volatile markets

Well, I think we can all agree it's been a strange week. Masks are once again mandatory in New South Wales, borders are shuttered, and travel plans, devastatingly, have been put on ice. 

The past few weeks in bond markets have been equally volatile. In fact, despite all this talk of inflation, US 10 Year Treasuries have been heading south, earlier this week dropping to their lowest level since February 24. So what does this all mean for Livewire reader's favourite asset class, equities? 

Well, Watermark Funds Management's Justin Braitling and TMS Capital's Ben Clark believe it may be time to cycle into defensives, with a possible correction in reflationary names on the horizon. 

But what defensives are worth a look? Well, in this COVID-safe episode of Buy Hold Sell Centennial Asset Management's Matthew Kidman joins Ben and Justin to crack this very conundrum. 

Watch the video below to discover their positions on Ramsay Healthcare, Telstra, AGL, Sydney Airport, and Atlas Arteria. 

Note: This episode was filmed on 23 June 2021. 

Buy Hold Sell: 5 stocks battling for blue chip status

Few stocks have been able to wrangle their way into the S&P/ASX 20 over the past few years, earning themselves a place among the bourses biggest as their market caps swelled. 

In 2020 alone, Amcor lost its place in the top 20 to Aristocrat Leisure, while a few months later Coles and Fortescue earned their stripes among the ASX all-stars - with Scentre Group and Suncorp receiving the boot. By the end of the year, it was all over for Insurance Australia Group, with Afterpay kicking the multinational conglomerate out of the mix. 

But, as they say, what goes up - must come down. 

In this episode of Buy Hold Sell, Livewire's Bella Kidman sits down with WaveStone Capital's Catherine Allfrey and Elston's Bruce Williams for a look at some of the mid-cap stocks that could be inching their way up to the lofty top 20. Plus, they'll also share two stocks that they believe could be on their way out. 

Note: This episode was filmed on 9 June 2021.

Finding winners in the mighty mid-caps

They say from little things, big things grow. And that is certainly true for Australian companies. But on every company's way to the top, they have to pass through a funny little area in the middle. Ladies and gentlemen, let us introduce to you - the mid-cap universe. These companies may not have the same balance sheet strength as names at the top of the market, and may not be the pocket rocket growers down the bottom, but according to Lonsec's Peter Green, this diverse equity class deserves a spot in your portfolio, particularly when considering downside protection. 

Mid-caps embrace companies between 100 and 51 on the ASX-100 index and have been some of the best performers over the last twelve months. Thanks to companies including Oz Minerals and Nine Entertainment (up 151% and 102% respectively), investors have been pleasantly surprised as this equity class shot up around 30% over the last twelve months.

As the market continues to rally, will the fertilising ground for these Aussie zingers turned large caps follow suit? According to Bruce Williams and Catherine Allfrey, we may be approaching the end of the stellar run.

In this thematic episode of Buy Hold Sell, Livewire Markets' Bella Kidman sits down with Bruce and Catherine to talk all things midcaps, where they're seeing opportunity in the space. Plus, they'll share one mid-cap stock that has been misunderstood by the market. 

Note: This episode was filmed on 9 June 2021.

Buy Hold Sell: 5 founder-led mid caps

At Livewire we are told time and time again that behind every great business is an even better management team. We're told to invest in people rather than the business, to seek out CEOs who have prior experience building successful companies, to find leaders with "skin in the game," and, better yet, to back businesses led by founders themselves. 

So, in this episode of Buy Hold Sell, Livewire Market's Bella Kidman is joined by WaveStone Capital's Catherine Allfrey and Elston's Bruce Williams for a look at five local founder-led businesses. 

We'll put a spotlight on Seek (led by co-founder Andrew Bassat), the eponymously named Goodman Group (led by Gregory Goodman), Flight Centre (led by co-founder Graham Turner), Mineral Resources (led by Chris Ellison) and WiseTech (led by Richard White), to figure out whether founder-led really is all that. 

Note: This episode was filmed on 9 June 2021.