Sid Ruttala continues his journey through the ASX20. This week his notes visit and review CSL Ltd. (CSL.ASX) and Wesfarmers Ltd (WES.ASX). If you have missed some of the earlier parts to Sid Ruttala's latest Talking Top Twenty, you can find them here: Part 1: The...
Stock Insight
Talking Top Twenty | Part 3: BHP & Fortescue
Continuing to work our way through the ASX20, this week we visit and review BHP Group (BHP.ASX) and Fortescue Metals Group (FMG.ASX). Context: At TAMIM we remain of the view that, given the global impetus for an expansion of fiscal stimulus combined with substantial...
A micro cap we don’t own… but we can see the potential
This week we will be talking about a little known Australian micro cap company, K2Fly (K2F.ASX). K2F is an enterprise software company that is looking to capitalise on a major transformation in the mining industry. K2F offers SaaS (software as a service) solutions...
Redbubble (RBL.ASX): How we bought and why we sold
This week we take a look at one of our top performing investments from the last year, a stock we wrote about on multiple occasions. This week we would like to explain our investment journey; why we backed the company then, our entry and exit prices and ultimately what...
Talking Top Twenty | Part 2: The Banks – NAB & ANZ
As promised, this week we continue to look through some of the key highlights, and my notes, on the top end of the market. The securities this week are NAB and ANZ. National Australia Bank (NAB.ASX NAB has started off in stellar fashion this year with the key...
Talking Top Twenty | Part 1: The Banks – CBA & WBC
This week we return to our Top Twenty series. Six months since our last review, we look to provide an update on the companies. This week, Commonwealth Bank and Westpac. Read on! Again, a disclaimer before reading further, this is the just first part of my notes on...
Playing the Inflation Game: Where Have We Allocated
In a previous article, we gave a rationalisation for why, despite seemingly irrational valuations, we remain overweight equities here at TAMIM. This week we continue to explore this but with a caveat, that is the potential for inflation and the reasons why it might...
Not All Acquisitions Are Created Equal
In general, the market and investors like companies that make acquisitions. Acquisitions that add scale and capabilities and are done at attractive valuations can be very accretive to a company. There are some companies that are definitely more acquisitive than...
When 1 + 1 Makes 3?
Robert Swift takes a look at the shift in language coming from central bankers and finance ministers and, more importantly, the implications for equities and bonds. Confirmation bias is a common problem for portfolio managers. You have a thesis and then look only for...
O Bubble, Bubble, Wherefore Art Thou Bubble?
This week we would like to revisit the topic of asset prices. More specifically, in reference to the latest RBA meetings and the IMF World Economic Outlook. A topic that is particularly important to us in perhaps elucidating whether we are in the beginning of...
3 Microcaps We Like Under a $50m Market Cap
Some of the best opportunities on the ASX in recent times have been microcaps. Companies where the business models are scalable, management have a track record of execution, and, more importantly, companies that are well funded. Altium and EML, as best-case examples,...
From ZIRP to SPLURGE | Going Boldly Where No One Has Gone Before (In Living Memory)?
We wrote about the need for a U-turn in macro policy thinking recently. It looks like we are getting one; or just as important for market psychology, other investors think we are getting one - a shift that is. Read on to learn what investors should consider in this...