By Sid Ruttala For most of the past twenty years, owning BHP Group Limited (ASX: BHP) meant owning iron ore. Everything else was a portfolio garnish. Investors could argue about copper, coal, oil or potash, but the cash came out of the Pilbara and everyone knew it....
By Sid Ruttala Large cap investing produces very few moments where the reported number and the share price move in opposite directions with such conviction. On 18 August, CSL Limited (ASX: CSL) reported a statutory net loss after tax of US$2.6 billion, the worst...
By Sid Ruttala Large cap investing is rarely about finding the most exciting story in the market. More often, it is about understanding what is already priced in, what is being underestimated, and whether the business can keep compounding through the noise. August is...
Large cap investing is rarely about finding the most exciting story in the market. More often it is about working out what is already priced in, what is being underestimated, and whether the business can keep compounding through the noise. Every so often the market...
One of the most expensive words in small cap investing is cheap. It sounds like a reason to buy. It feels like a reason to buy. A stock trades at a five year low, the price to earnings multiple looks absurd next to its history, the dividend yield jumps off the screen,...
Investing is rarely about finding the most exciting story in the market. More often, it is about understanding what is already priced in, what is being underestimated, and whether the businesses and assets in your portfolio can keep compounding through the noise....
Written by Ron Shamgar The Ozempic moment for SaaS refers to a pivotal disruption scenario where a transformative technology threatens to erode or fundamentally reshape an established market leader's core business model, much like the hype around Ozempic (and other...
Written by Ron Shamgar After two years of relative underperformance, Australian small and mid caps are finally showing signs of life. With inflation easing, rate cuts now on the horizon, and investor sentiment gradually shifting back toward growth, we believe the next...
As the global energy puzzle grows more complex, investors are confronting a critical inflection point: the economic cost of the energy transition is rising, public patience is thinning, and traditional industrial titans are bearing the brunt of an increasingly...
There are moments in markets where the noise becomes so loud, it drowns out common sense. Tariffs, geopolitics, inflation, central banks, and a US Congress with a taste for budgetary excess. And yet, despite all the reasons to panic, a certain type of company is...
In a market environment where capital is scarce and investors are hunting for profitable, cash-generative growth stories, EROAD Limited (ASX/NZX: ERD) has emerged from the shadows. The company's FY25 results mark a turning point, not just for its financials, but for...
AI Tokens, Data Demand, and the Small Cap Opportunity Artificial intelligence is no longer confined to research labs or theoretical discussions, it's already reshaping global industries. At the core of this revolution are AI tokens, units of data that fuel the...
