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Maria Petrakis

Melbourne, Australia
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About Maria
I'm an experienced journalist and editor based in Melbourne, Australia with a portfolio of work ranging from financial and business news to general news and culture. I've worked at Bloomberg and Reuters and freelanced for the Los Angeles Times. From Europe, I covered two of the world's most important stories in the past decade -- the European debt crisis and the European refugee crisis. I have a deep understanding of financial markets and regulatory environments, particularly in crisis, and am able to portray complex issues to a general audience.
Bylines seen in Politico, Bloomberg, Bloomberg Businessweek, LA Times, Bloomberg News, IMF’s F&D Quarterly Magazine, China Daily, Chicago Tribune, Sydney Morning Herald, Die Welt, Australian Financial Review.
Languages
Greek
Services
Feature Stories Content Writing Corporate Content
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Skills
Business Finance Politics
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Portfolio

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent transactions by directors of three Australian companies: Viva Energy Group Limited, Mincor Resources NL, and Sayona Mining Limited. Viva Energy's CEO, Scott Wyatt, sold shares to meet personal financial obligations, while the company is expanding its convenience store network and preparing for electric vehicle charging. Mincor Resources' CEO, Gabrielle Iwanow, sold shares following a takeover offer by Wyloo, which now holds a significant percentage of Mincor. Sayona Mining's CEO, Brett Lynch, sold shares through his family super fund after exercising options. The article provides details on the share sales, the companies' market performance, and their strategic moves in the market.

Bridge IPO: Connecting Australian Government Services with Providers

04 Apr 2024  |  intelligentinvestor.com.au
Bridge, an Australian software platform, is set to raise $4.5 million through an IPO by selling 22.5 million new shares at 20 cents each. The platform acts as a bridge between the Australian government's human services programs and third-party service providers. Bridge has been successful in the employment services sector and is now targeting the NDIS and aged care sectors. The NDIS alone will provide $34 billion to half a million Australians, growing to $44.6 billion in four years. The funds from the IPO will be used to enhance the user experience, streamline the product, and grow the company. CEO Jamie Conyngham discussed the financials, stating that the IPO will add to their existing cash reserves and that they are not selling any shares. The company has a proven core product and robust infrastructure, with a focus on making the software intuitive and easy to use for providers. Conyngham also highlighted the importance of security, with Bridge having passed numerous security controls for accreditation. The interview delves into the business model, competition, and the potential for international expansion.

Australia's Labor Shortages: A Legacy of COVID and Immigration Policy

04 Apr 2024  |  intelligentinvestor.com.au
Australia is grappling with workforce shortages due to COVID-19 border closures, which halted the influx of international students, backpackers, and skilled migrants. South Australia has reintroduced a version of the '10-Pound Poms' program, offering discounted airfares to British and Irish backpackers to address labor shortages. The unemployment rate in Australia has dropped to 3.5%, the lowest in 48 years, but businesses are struggling to find and retain staff. Deloitte and the Reserve Bank of Australia have highlighted the challenges of the labor market. The Australian government is seeking solutions, including the establishment of Jobs and Skills Australia and a Jobs and Skills Summit. Companies like GrainCorp and Murray Cod Australia are also taking initiatives to attract workers. The article discusses the broader economic implications of labor shortages and the various strategies being employed to address them.

Director's Deeds: Eagers Automotive Ltd and Resource Mining Corporation Ltd

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the buying and selling activities of directors from various Australian companies. Eagers Automotive, facing a decline in share price due to supply chain issues and interest rate hikes, saw director Nicholas Politis and Chairman Timothy Crommelin buying shares. Politis, through WFM Motors, has been actively purchasing shares, with the company expecting to beat its net profit estimate for the year. Peter Warren Automotive Holdings also saw an increase in stake by director Paul Warren and his family. The RBA's interest rate hikes are expected to impact big-ticket item prices, but supply chain improvements could boost sales. CommSec's luxury vehicles index has dropped, indicating a decrease in annual sales. Resource Mining Corporation director Asimwe Kabunga increased his stake through a non-cash transaction. ALS Ltd CEO Raj Naran and American Rare Earths director Denis Geldard sold shares, with ALS in the process of acquiring HRL Holdings and American Rare Earths announcing promising drill results at Halleck Creek.

Inflation, Fees Top Concerns for Australian Retirees

04 Apr 2024  |  intelligentinvestor.com.au
Jonathan Shead from State Street Global Advisors discusses the impact of COVID-19 on retirement plans based on a global study. The study reveals that Australians have maintained confidence in their retirement despite concerns about war, disease, and inflation. Shead notes that the Australian retirement system is well set up compared to other countries. The study also highlights Australians' emphasis on minimizing fees and the preference for one-on-one financial advice. Annuities are discussed, with Shead explaining their traditional definition and the potential for a resurgence due to rising interest rates. The conversation also touches on the shift from saving to spending in retirement, the need for simplification and confidence in the national retirement system, and the gender gap in financial preparedness for retirement. Shead suggests that policy and cultural changes are needed to address these issues.

Landbridge Has Long-Term Vision for Darwin Port

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the lease of the Port of Darwin to the Chinese company Landbridge, owned by billionaire Ye Cheng. The lease, signed in 2015 for 99 years at $506 million, has faced scrutiny as Australia-China relations have soured. Prime Minister Anthony Albanese has indicated a new review of the transaction. The port is significant for Australian defense and economic growth, with a growing US presence. Former CEO Terry O'Connor and current CEO Peter Dummett of Darwin Port Operations Pty Ltd provided insights into the port's operations, investments, and future plans. They discussed the port's profitability, strategic importance, relationship with the Australian Defence Force, and the impact of COVID-19. The article also touches on the potential for new industries like cotton and lithium mining, the challenges of labor shortages post-COVID, and the cruise industry's recovery. Despite the political tensions, the port continues to operate and expand, with no current plans for Landbridge to sell the lease.

Knight Frank's Wealth Report: Real Estate Remains Top Investment for the Ultra-Wealthy

04 Apr 2024  |  intelligentinvestor.com.au
Knight Frank's 'The Wealth Report: Outlook 2023' provides insights into the investment behaviors of the ultra-wealthy. Despite economic challenges in 2022, with only 40% of wealthy investors increasing their wealth, a majority anticipate wealth growth in 2023, largely through real estate investments. The report, which surveyed over 500 industry experts, highlights real estate as a preferred investment for its inflation hedging and diversification benefits. Australia ranks fourth among top locations for residential property purchases. The report also touches on other investment trends, including technology, equity markets, and luxury goods such as art, watches, and wine. Additionally, it discusses broader economic issues such as inflation, interest rate hikes, geopolitical tensions, and the performance of various global indices.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent transactions by directors of various Australian Stock Exchange (ASX) listed companies. Directors from Jervois Global, Imdex Limited, New Hope Corporation Limited, and Nickel Industries Limited have been buying shares, while directors from Archer Materials Limited, Core Lithium Ltd, Aussie Broadband Limited, and Vital Metals Limited have been selling. The article highlights significant purchases by directors of Jervois Global following the suspension of their Idaho project due to low cobalt prices and high construction costs. It also covers substantial transactions by directors of Imdex Limited, New Hope Corporation Limited, and Nickel Industries Limited. Sales by directors of Archer Materials Limited, Core Lithium Ltd, Aussie Broadband Limited, and Vital Metals Limited are also detailed, with reasons such as tax obligations and financial restructuring mentioned.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent transactions by directors of various companies listed on the ASX. Black Crane Fund sold 15 million shares of MMA Offshore Limited due to portfolio rebalancing, with the company's share price having nearly doubled since the start of the year. Steadfast Group Ltd's CEO, Robert Kelly, sold shares to diversify investments, while Alkane Resources Ltd's Chairman, Ian Gandel, sold shares to reduce his stake. On the buying side, the CEO of Domino's Pizza Enterprises Limited, through his family superannuation fund, purchased shares of the company. The article provides details on the number of shares traded, the prices, and the reasons behind these transactions, as well as the current market capitalisation of the companies involved.

Darwin at the Crossroads: Strategic Port and Economic Ambitions

04 Apr 2024  |  intelligentinvestor.com.au
Natasha Fyles, Chief Minister of Australia's Northern Territory, aims to transform the region into a $40 billion economy by 2030, leveraging its strategic location near Asia. Darwin, the capital, is seen as Australia's gateway to Asia, with potential for exporting commodities like beef, gas, and solar power. However, the ownership of Darwin Port by Chinese company Landbridge, and its strategic importance to Australian and US military operations, has raised concerns. Despite several reviews finding no impropriety, the new federal government plans another review. Landbridge insists on maintaining its long-term vision for the port despite the scrutiny. The Northern Territory also hosts significant military personnel and infrastructure, with the US investing in projects to support its Indo-Pacific activities. Fyles's economic strategy includes tapping into the growing markets of nearby Asian countries, such as Indonesia. The article also touches on the historical context of Darwin and its evolving international relationships, including a recent meeting between Australian Prime Minister Anthony Albanese and Chinese Premier Xi Jinping that could signal a warming of bilateral ties.

Falling Property Market Draws Investors

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the current state of the property market in Australia, with insights from Nerida Conisbee, chief economist at Ray White. It covers the decline in national home prices, the impact of rising interest rates, and the shift in retail property due to e-commerce and the pandemic. The article explores the evolution of retail centers, the difference between CBD and suburban shops, and the shift in the luxury home market. It also touches on the challenges faced by first home buyers and the rental market. The discussion includes the performance of various market segments, such as luxury homes and suburban retail strips, and the potential for investors in the current market. The article also mentions the government's role in addressing housing supply issues and the potential for offshore buyers in the Australian market.

Director's Deeds: Domain Holdings Australia Ltd, Alkane Resources Ltd, HRL Holdings Ltd

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the buying and selling activities of directors from various Australian companies. It highlights the impact of the Reserve Bank of Australia's interest rate hikes on the housing market, with a focus on Domain Holdings Australia Ltd, whose shares have dropped significantly. The article details the purchase of Domain shares by Chairman Nick Falloon and compares the company's performance to its rival, REA Group Ltd. It also covers significant sales by directors of Alkane Resources Ltd and HRL Holdings Ltd, including the reasons behind these transactions and their implications for the companies involved. The article provides specific transaction details, such as the number of shares and prices, and mentions the market capitalization of the companies as of a specific date.

Director's Deeds: DroneShield and Lionstown Resources See Director Transactions

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the financial activities of directors from two companies, DroneShield Ltd and Lionstown Resources Ltd, highlighting their recent stock transactions. DroneShield, a company that provides anti-drone technology, has seen an increase in government spending on security and defence, particularly due to the ongoing conflicts such as the one in Ukraine. The company's CEO, Oleg Vornik, and Chairman, Peter James, sold shares to cover tax liabilities. DroneShield has reported significant revenue and a strong backlog of orders, with a focus on defence and intelligence markets. Meanwhile, Lionstown Resources Ltd's Chairman, Timothy Goyder, purchased shares worth $1.5 million. The article also notes the broader trend of director transactions on the ASX, with 29 buys and two sells reported in a recent period.

@Workspaces: Suburban Beats CBD for New Office Spaces

04 Apr 2024  |  intelligentinvestor.com.au
Jenny Folley, CEO of @Workspaces, discusses the surge in demand for co-working and flexible office spaces as businesses move away from traditional commercial leases in favor of hybrid work models. This trend is reshaping the future of central business districts and suburban areas. Folley notes that during COVID-19, their suburban locations saw increased interest, and they are nearly at full capacity across their locations. The company is expanding, particularly in Queensland, due to high demand. Folley also mentions that while CBDs are still part of their portfolio, there is a noticeable shift towards suburban and regional hubs. @Workspaces is a privately-owned Australian company that provides fully-furnished office spaces with flexible terms. They are also exploring sustainable building projects for new hubs. Folley's company operates in Australia and has a presence in Manila, Philippines, catering mainly to expat companies.

Lithium: The Driving Force of the Battery Revolution

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the significance of lithium as a critical mineral for the production of rechargeable batteries used in various technologies, including electric vehicles. Australia, with the world's third-largest lithium reserves, is a major player in the lithium market, exporting most of its lithium as a concentrate for further processing abroad. The article highlights Wesfarmers Ltd's joint venture with Sociedad Química y Minera de Chile S.A. in Covalent Lithium Pty Ltd, which aims to produce battery-quality lithium hydroxide in Western Australia. It also mentions other companies involved in the lithium industry and touches on alternative battery technologies that could compete with lithium-ion batteries. Analysts' views on lithium market trends and prices are also discussed, along with insights from various industry CEOs on battery technology and the future of lithium.

Carly Banks on Next Gen to Subscribe to, Not Own, Cars

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the changing landscape of the car industry, highlighting the rise in used car prices due to COVID-related supply chain issues and the shift towards electric vehicles. It focuses on Carly, a company offering vehicle subscriptions, which reported a significant increase in revenue and gross profit. Despite these earnings, Carly's stock remains low. The CEO of Carly, Chris Noone, explains the company's transition from car rentals to subscriptions, their financials, and the strategy of owning a fleet. He also discusses the customer demographics, the benefits of vehicle subscriptions, and the company's competitive edge. Carly's response to the interest rate environment, customer base, tax benefits, and the potential of electric vehicles are also covered. The interview with Noone provides insights into Carly's operations, growth strategies, and the future of car subscriptions in the face of competition from companies like Uber and Toyota.

Two-Factor Authentication Process

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the process of two-factor authentication (2FA), which is a security measure that requires users to provide two different types of information to verify their identity. The article explains that after entering the primary login details, a user is prompted to enter a one-time code generated by an Authenticator mobile application or received via SMS/text on their registered mobile phone. The article also mentions the option for users not to be asked for a code on a particular device for 30 days, with a caution to use this feature only on private devices, not public or shared ones. Additionally, it addresses the issue of not receiving the code and the option to request a new one.

Deep Yellow CEO Sees Consolidation in Uranium Industry

04 Apr 2024  |  intelligentinvestor.com.au
John Borshoff, CEO of Deep Yellow, discusses the company's uranium projects in Namibia and Western Australia, and the industry's future. Deep Yellow, aiming to be the largest pure-play uranium producer on the ASX, acquired Mulga Rock through a merger with Vimy Resources. Borshoff addresses a recent scare regarding Namibia's stance on mining stakes, emphasizing the country's stability and dismissing resource nationalism concerns. He also mentions Botswana as a favorable investment destination. Deep Yellow's Tumas project in Namibia is expected to start production in 2026, with financing discussions underway. The company is also working on the Mulga Rock project, with plans to enhance its value. Borshoff highlights the positive ESG aspects of uranium mining and anticipates a strong market demand, refusing to sign contracts until uranium prices rise sustainably. He discusses the potential of small modular reactors and the need for industry consolidation, hinting at further acquisitions without revealing specifics. Lastly, he dismisses the idea of Deep Yellow being a takeover target, citing the need for proven operational expertise in the uranium industry.

Director's Deeds: Directors Buying and Selling

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent buying and selling activities of directors from various companies listed on the ASX. Polynovo Ltd's Chairman David Williams has invested nearly $4 million in the company, buying shares after a significant price drop. The article notes the broader market's decline due to global inflation and interest rate concerns, including Australia's first interest rate increase in 11 years. Other notable transactions include purchases by Accent Group Ltd's director Brett Blundy and Macquarie Group Ltd's new Chairman Glenn Stevens. Experience Co. Ltd and New Zealand King Salmon Investments Ltd also saw significant share purchases by their directors. Conversely, Core Lithium Ltd's managing director Stephen Biggins and Johns Lyng Group Ltd's CEO and COO sold substantial shares. The article provides insights into the market sentiment and the financial moves of company directors, reflecting their confidence or strategies in managing their holdings.

Domestic Diners Steer Murray Cod Through Pandemic

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the impact of COVID-19 on Murray Cod Australia, highlighting the challenges and strategic shifts the company faced during the pandemic. Initially planning to export to Europe and the UK, the company had to pivot to domestic sales due to travel restrictions and restaurant closures. Despite these challenges, Murray Cod Australia managed to sustain sales through Australian retailers like Woolworths and Coles. The company also experienced a significant rise in costs, particularly in shipping and materials. The chairman, Ross Anderson, discusses the company's use of government support like JobKeeper, the recent capital raise of over $30 million, and the company's growth and margin goals. He also touches on the company's marketing strategy, targeting Aquna Murray Cod as a luxury food item, and the challenges in the labour market, particularly in regional Australia. Shareholders such as AustralianSuper and chef Heston Blumenthal are mentioned, with AustralianSuper holding a 12% stake. The company is also exploring ways to utilize more parts of the fish to increase margins.

Gold Coast Skirts Australia's Apartment Supply Woes

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the current state of the apartment market in Australia's major capital cities and the Gold Coast, based on reports by property consultancy Charter Keck Cramer. The market is facing a supply crunch, rising costs, and the impact of nine consecutive interest rate hikes. Despite high demand for both sales and rentals, the market is challenging for investors. Richard Temlett, director of research and strategy at Charter Keck Cramer, highlights the need for government support to stimulate the market and address the supply shortage. The article also touches on the effects of COVID-19, the upcoming Brisbane Olympics, and the influence of aging baby boomers and international students on the apartment market. The discussion includes the potential for government action to incentivize investment and the varying conditions across different cities, with the Gold Coast experiencing a unique boom due to COVID-19 migration patterns.

Director's Deeds: Warrego Energy Takeover Tussle Heats Up

04 Apr 2024  |  intelligentinvestor.com.au
January has seen a heated takeover battle for Warrego Energy, with Hancock Energy Pty Ltd and Strike Energy vying for control of the company and its valuable West Erregulla gas fields in Western Australia. Warrego's Managing Director and CEO, Dennis Donald, sold 139 million shares at the initial offer price from Hancock. Hancock has since increased its offer to 36c per share, contingent on acquiring a 40% stake by January 31. Beach Energy previously made a $250 million offer for Warrego. Strike Energy has made an all-scrip bid and, along with Mineral Resources Ltd, has been increasing its stake in Warrego. Warrego's directors have recommended shareholders to either accept one of the offers or sell their shares on the market, with the chairman favoring Strike's offer. The company's share value has more than doubled since the takeover interest began.

CoreLogic Signals Housing Downturn Over, For Now

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the recent trends in the Australian housing market, highlighting a revival in property prices. CoreLogic's Home Value Index indicates a third consecutive monthly rise in prices, with a sharp acceleration to 1.2 percent growth in May, the strongest since November 2021. CoreLogic's Research Director, Tim Lawless, attributes this recovery to low housing supply and rising demand. The article explores reasons for the low supply, such as homeowners delaying sales, and the impact of potential interest rate hikes on the market. Sydney is leading the recovery, with significant price increases, while Melbourne shows more subdued growth. The article also touches on the regional housing market, which is experiencing mixed performance, and the overall market's position relative to recent peaks, with most cities still below their peak values.

Director's Deeds: Directors Buying and Selling

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent buying and selling activities of company directors on the ASX. Robert and Thomas Millner, directors of New Hope Corporation Ltd and Washington H. Soul Pattinson and Co. Ltd, purchased over $12 million in shares of these companies. The article highlights the performance of New Hope Corporation, including surging coal prices and increased profits, which contributed to Soul Patts' net profit rise and consistent dividend growth. Additionally, the article details significant share sales by directors of Johns Lyng Group, Sonic Healthcare, IVE Group, and Alkane Resources, often for personal financial reasons such as purchasing homes or exercising options. The share prices and market capitalizations of the companies at the time of writing are also provided.

How to Build 1 Million New Homes: Gaps & Subsidies

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the Australian government's challenge in addressing the shortage of affordable housing and its plan to build one million new homes in collaboration with states and the private sector. Richard Benedict, a research associate at the University of Sydney, shares insights from a study conducted with Curtin University for the Australian Housing and Urban Research Institute on the private sector's role in social and affordable housing. The research indicates a strong appetite from the private sector, including superannuation funds, to invest in housing if the right conditions are met, such as government subsidies and consistent policies. The article also touches on the economic impacts of the housing shortage and looks at international examples, like the United States' low-income housing tax credit scheme, as potential models for Australia to consider.

Commute-Friendly Regions Soften in Post-COVID Era

04 Apr 2024  |  intelligentinvestor.com.au
CoreLogic's Regional Market Update indicates that east coast beach and country hot spots in Australia have seen a quarterly fall in house values after a price surge during COVID lockdowns. Tim Lawless, CoreLogic's head of research, discusses the trends, noting that areas like the Southern Highlands, Sunshine Coast, Gold Coast, and Bellarine Peninsula are experiencing declines. The shift to remote work during the pandemic led to increased demand and prices in commutable regional markets, but rising interest rates and reduced affordability are now causing values to drop. Lawless believes the downturn in these regions will mirror capital city trends and doesn't anticipate a significant population shift back to cities due to the permanency of hybrid work policies. He also addresses the impact of climate disasters on housing decisions and the tight rental market, attributing high rents to low supply and high demand, which may worsen with increased migration. Lawless predicts a sharp but short correction in housing prices, with Sydney potentially seeing a 15-20% decline, while Adelaide and Perth may be more insulated. The interview concludes with Lawless expressing interest in the premium housing market's volatility and the rapid yield recovery in rental investments.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent buying and selling activities of directors from various companies listed on the ASX. Harvey Norman Holdings' founder Gerald Harvey and CFO Chris Mentis bought shares as the company's stock hit a nine-month low. APM Human Services' Chair Megan Wynne and Winton Land's CEO and Chairman Chris and director Michaela Meehan also made significant purchases. On the selling side, Accent Group's CEO Daniel Agostinelli sold shares to meet tax obligations, while Alta Fox Capital Ltd reduced its stake in EML Payments. Pro Medicus' Chairman Peter Kempen sold shares as part of a superannuation fund rebalance, Santos' CEO Kevin Gallagher sold shares for tax obligations, and IPD Group's director Andrew Moffat sold shares through his indirect holdings. The article provides details on the transactions, including the number of shares and prices, and offers a brief analysis of the potential impact of economic factors such as inflation and interest rates on consumer spending.

The ABCs of Critical Minerals: Rare Earth Elements

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the significance of rare earth elements like neodymium, praseodymium, europium, and gadolinium, which are essential for manufacturing various high-tech products including electric vehicle motors, currency security features, MRI imaging, and smartphones. Australia, being the fourth-largest producer of rare earth minerals, is highlighted with several companies such as Hastings Technology Metals Ltd, which received a substantial grant from the Australian government for its Yangibana project. The article also mentions other companies involved in the rare earth industry, including Lynas Rare Earths Ltd, which is a major producer outside China. The importance of these elements in the context of the booming demand for technologies that support a new generation of electric vehicles and renewable technologies is emphasized.

Director's Deeds: Insider Trading on the ASX

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent transactions by directors of ASX-listed companies. Pro Medicus co-founders Sam Hupert and Anthony Hall sold shares worth $62 million each, remaining the largest shareholders. The company's shares have outperformed the ASX 200 since the start of the year. Polynovo Chairman David Williams sold shares to purchase US property but retains a significant holding. Lake Resources Chairman Stuart Crow sold shares due to personal financial obligations but remains a major shareholder. Harvey Norman Holdings founder Gerald Harvey bought shares after a profit decline and a drop in sales, with the company's shares lagging behind the S&P/ASX200 index. The article provides an overview of director dealings and their impact on company valuations.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses significant stock transactions by directors of various Australian companies. Andrew Abercrombie, former chairman of Humm Group Ltd, opposed the sale of Humm's buy now, pay later unit and purchased $11 million of stock to strengthen his position. Despite his efforts, the sale was cancelled, and Humm's share value dropped significantly. Other notable transactions include purchases by directors of Peter Warren Automotive Holdings Ltd and Tabcorp Holdings Ltd, and sales by directors of Allegiance Coal Ltd and Brainchip Holdings Ltd. The article highlights the dynamics of director dealings and their impact on company valuations, with specific reference to the stock prices at the time of writing.

In the Post-COVID Era, the Inner City Prevails

04 Apr 2024  |  intelligentinvestor.com.au
The article features an interview with Sameer Chopra, head of research for CBRE Australia, discussing the findings of a global survey conducted by CBRE on post-COVID living, working, and shopping behaviors. The survey included responses from 20,000 people globally, with a focus on the Australian cohort. Key insights reveal that Australians are seeking larger living spaces, shorter commutes, and better office environments. E-commerce saw a boost during the pandemic, but many Australians still prefer in-store shopping for certain categories. The survey also indicates a trend of people moving back to city centers for shorter commutes and a preference for quality and space in residential housing. The article touches on the impact of inflation and the resilience of physical retail, suggesting a strong demand for commercial properties and a potential appreciation in property prices in 2023 due to a combination of high demand and low supply.

Australia Grapples With Rental Crisis

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the current state of the Australian property market, highlighting the impact of the RBA's rate hikes, falling property prices, rising rents, and the rental crisis in Queensland. Nerida Conisbee, Chief Economist at Ray White, provides insights into the reasons behind the rental price surge, including increased household formation and migration, coupled with a construction crisis. Conisbee also discusses the potential effectiveness of Queensland's measures to address the rental issue, the role of mum-and-dad investors, and the need for more build-to-rent projects. The article touches on the challenges of planning and development in Melbourne and the need for more student accommodation. Conisbee suggests that while interest rates may have peaked, the housing market is showing signs of price increases, and the future of housing prices remains uncertain due to global financial instability.

Rate Hike Fears Keep Jitters in Housing Market

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the impact of the Reserve Bank of Australia's (RBA) consecutive interest rate hikes on the housing market, particularly in Sydney, New South Wales. Blake Schulze, national director at Colliers, shares insights on the residential market's response to the rate increases, the optimism for 2023, and the differences in market activity among various price segments and property types. Schulze notes that while higher rates have sidelined some buyers, others, especially in the high-end market, remain active. He predicts that once interest rates plateau, positivity will return, encouraging buyers to re-enter the market. The conversation also touches on the effects of rising construction costs on developers, the return of foreign buyers, the new option for an annual land tax instead of stamp duty in New South Wales, and the current rental demand crisis due to low supply. Schulze emphasizes the need for more housing approvals to alleviate the rental and affordability crises.

GDP: Not Flying

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the economic performance of a nation, using aviation metaphors to describe the current situation. It suggests that the country is experiencing a 'controlled descent towards a soft landing,' indicating a managed slowdown of economic growth that is expected to be gentle rather than abrupt. However, the author notes that the experience may be less comfortable for some, particularly those metaphorically 'sitting in the back of the plane,' which could imply that the economic conditions might be tougher for the less affluent or less privileged sectors of society.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses detailed transactions of company directors on the ASX, highlighting both buying and selling activities. Directors from Dusk Group Ltd, Sayona Mining Ltd, BlueScope Steel Ltd, Lynas Rare Earth Ltd, and Breville Group Ltd have sold shares, often to meet tax obligations from incentive plans. On the buying side, significant purchases were made by directors of Pact Group Holdings Ltd, 360 Capital Group, Kelsian Group Ltd, Credit Clear Ltd, Hazer Group Ltd, and Rural Funds Group. The article provides specific details about the number of shares transacted, the prices, and the resulting stakes in the companies. It also notes the overall performance of the consumer discretionary sector and the S&P/ASX200, indicating a downturn in the market. The share prices mentioned are as of the time of writing and may have changed since.

China Reopening: A Happier New Year for Tourism

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the impact of China lifting its international travel restrictions on the tourism and education sectors in Australia. Companies like Flight Centre, Qantas, Alloggio, and IDP Education are expected to benefit from the return of Chinese tourists and students. The travel sector has relied on domestic tourism during the pandemic, with spending already surpassing pre-pandemic levels. However, global economic slowdown and cost of living pressures may affect future travel plans. The World Bank forecasts a recovery for China's economy in 2023, which could boost corporate travel revenues. The education sector anticipates a positive impact as well, with China being the largest market for international students in Australia. The article also touches on the potential benefits for the retail and hotel sectors in other regions and the challenges faced by education providers like Academies Australasia Group due to COVID restrictions and visa issuance delays.

ASX Survey Finds More Women and Young Australians Investing in Shares

04 Apr 2024  |  intelligentinvestor.com.au
The ASX's latest survey reveals a significant increase in female and young Australian investors in the stock market, with a record 10.2 million adult investors nationwide. The survey, conducted by Investment Trends, indicates a shift towards investments outside of superannuation and residential property. Irene Guiamatsia and Rory Cunningham from the ASX discuss the findings, highlighting the need for financial literacy and education, especially regarding the conservative risk profile of young investors who are also investing in volatile assets like cryptocurrencies. They also note the influence of social media and the 'Barefoot Investor' on investment decisions. The survey suggests a need for tailored investment education, as women and younger investors face challenges in accessing information. The growth of ETFs and the role of affordability in investment decisions are also discussed.

Student Influx Set to Pressure Rental Market

04 Apr 2024  |  intelligentinvestor.com.au
The Property Council of Australia has raised concerns about the lack of purpose-built student accommodation (PBSA) in Australian cities. This issue has become more pressing with the Chinese government's directive for students to return to face-to-face learning in their country of study, potentially bringing back 40,000 Chinese students currently outside Australia. Torie Brown, the executive director of the Student Accommodation Council, a division of the Property Council, discussed the challenges faced by the PBSA sector, including high foreign investor charges and a lack of understanding of the asset class by Australian investors. Cities like Adelaide, Perth, and Brisbane are at capacity, and while Melbourne has a good supply, other cities are expected to struggle to accommodate the influx of students. Brown suggests that universities and the private sector need to collaborate more effectively to address the accommodation shortage and relieve pressure on the rental market.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses detailed transactions of company directors in the Australian Stock Exchange (ASX) from August 31 to September 14. It highlights significant share sales by directors of companies such as Woolworths Group Ltd, Alkem Ltd, and CSL Ltd, primarily to meet tax obligations after exercising performance rights and options. The article also covers substantial director purchases in companies like PSC Insurance Group Ltd and Heartland Group Holdings Ltd. The share sales and purchases are often related to directors' remuneration plans, tax obligations, or portfolio diversification. The article provides specific details about the number of shares sold or bought, the transaction value, and the remaining holdings of the directors involved.

Demand for cleaner energy sources is making coal redundant

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the increasing demand for cleaner energy sources and the potential role of nuclear power as a reliable and environmentally friendly alternative to coal and gas. It highlights the debate in Australia over using its large uranium resources for power generation, spurred by the Russian invasion of Ukraine and the shift towards greener energy. The World Nuclear Association suggests that nuclear power could efficiently replace Australia's aging thermal capacity. The article also covers the impact of the Fukushima accident on uranium prices and the global energy market, including Germany's return to coal due to sanctions on Russian oil and gas. It provides a snapshot of Paladin Energy Ltd's plans to resume operations at the Langer Heinrich mine and lists several other uranium companies and a uranium ETF. Insights from industry experts and information on uranium and nuclear power from various organizations are also included.

Two-Factor Authentication Process

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the process of two-factor authentication (2FA), which is a security measure that requires users to provide two different types of information to verify their identity before gaining access to an account or service. The article explains that users may encounter a prompt to enter a code that they can generate using an Authenticator mobile application. Additionally, it mentions that a one-time code can be sent via SMS/text to the user's registered mobile phone. The article also advises users to avoid selecting the option to not ask for a code again for 30 days when using a public or shared device. Furthermore, it provides information on what to do if a user is unable to generate a code or did not receive one via SMS/text.

The ABCs of Critical Minerals: Graphite

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the importance of graphite as a critical material for lithium-ion batteries, which are essential for various electronic devices and electric vehicles (EVs). It highlights the growing demand for graphite and the dominance of China in lithium-ion battery manufacturing. The Australian government has issued loans to EcoGraf and Renascor Resources for graphite production. Syrah Resources received a conditional loan from the U.S. Department of Energy to expand its graphite production for EV batteries. The article also mentions several other companies involved in the graphite industry and provides insights from industry leaders about their operations and plans to cater to the EV battery market.

Housing 2023: Headed Into New Territory

04 Apr 2024  |  intelligentinvestor.com.au
CoreLogic released data indicating that Australian home values have seen a record decline of 8.4% since their peak in May 2022, marking the largest and fastest downturn in the housing market since records began in 1980. Despite this, home values are still significantly higher than they were five and ten years ago. Tim Lawless, CoreLogic's research director, discusses the impact of the Reserve Bank of Australia's rate hike cycle on the housing market and anticipates that the cycle may end with potential rate hikes in February and March. He notes that more affordable markets like Perth, Adelaide, and Darwin have seen smaller declines in housing values. The conversation also touches on the low number of new listings, the potential impact of stamp duty reforms in New South Wales, the resilience of unit prices compared to houses, and the tight rental market. Lawless also addresses the risks associated with the expiration of fixed-rate mortgages and the possibility of future interest rate cuts, which could stimulate the housing market. Finally, he reflects on the lasting effects of COVID-19 on housing trends, such as the popularity of regional markets and the potential for some residents to return to capital cities.

Director's Deeds: Notable Transactions from ASX-listed Companies

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent transactions by directors of ASX-listed companies. Hamish Douglass, former board member of Magellan Financial Group, sold $118 million worth of shares for 'family diversification purposes' and has agreed not to sell any more shares for 12 months. Johns Lyng Group CEO Scott Didier sold shares worth $25 million to purchase a family home in Denver, Colorado, as he oversees the company's US business. Johns Lyng specializes in restoration services after disasters like bushfires and floods. Robert and Thomas Millner of Washington H. Soul Pattinson and Co. Ltd increased their holdings in the company with significant share purchases. The article also touches on the impact of climate events on businesses like Johns Lyng and the potential for growth in the US market.

Catapult Powers Up Sales on Integrated Sports Tech

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses an interview with Will Lopes, CEO of Catapult, a sports technology company that provides performance improvement solutions for athletes and teams. Catapult recently reported a reduced full-year EBITDA loss by 23 percent, with a significant improvement in the second half of the year. The company's shares rose 6 percent following the earnings release. Lopes explains the improvement in financials due to reduced variable costs, improved cost of goods sold (COGS), and fixed costs. He also discusses the company's cash flow situation, expansion of a debt facility with Western Alliance Bank, and the business's two key verticals: athlete monitoring and video analysis. Lopes highlights the company's growth in annual contract value (ACV) and its global presence, with a significant portion of business coming from Europe and the US. The impact of AI on the business and the resilience of the sports industry in a recessionary climate are also covered.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses detailed transactions of company directors in the Australian Stock Exchange, highlighting both sales and purchases of shares. Vulcan Steel Ltd's founder, Peter Wells, notably gifted $NZ2 million worth of shares to employees, which is an unconventional move in the corporate world. The article also covers other significant transactions, such as Ariadne Australia Ltd director Christopher Barter's sale of shares, DroneShield's CEO and Chairman's off-market transactions, and Bowen Coking Coal director Matthew Latimore's purchase of shares. Additionally, it mentions Prospect Resources, TasFoods, Eagle Mountain Mining, and Polynovo, with specific details on the directors' dealings and the companies' share prices and market capitalizations as of the writing.

The pandemic legacy of working from home

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the impact of the work-from-home trend on the property market, highlighting the demand for larger homes and the reduction of office spaces by companies. James Alexander-Hatziplis, co-founder and CEO of Place Studio, shares insights on converting office buildings into apartments as a response to high office vacancy rates and the competitive job market. He notes that mixed-use conversions are underway, with commercial buildings being transformed to include residential, hotel, and food and beverage spaces. Sydney is seeing a concentration of such developments. The conversions cater to both build-to-rent and build-to-sell models, with private lending playing a significant role in financing. The article also touches on the environmental benefits of repurposing existing buildings rather than demolishing them, and the potential for such projects to address housing shortages.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent director transactions for companies listed on the ASX. Wesfarmers CEO Rob Scott sold shares worth $9 million to cover tax obligations. The company's profits and interim dividend have increased, and it has made a non-binding bid to acquire SILK Laser Australia Ltd. MMA Offshore saw its last shares sold by Black Crane Fund, and its board member Brian Kennan resigned following the sale. Aussie Broadband's Managing Director Phillip Britt sold shares to fund tax obligations and remains a substantial shareholder. The article includes share prices and market capitalisations as of 24 April.

HitIQ Plots Path to Brain Trauma Solutions With Data

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the issue of concussion in sports and the emerging technologies to manage brain injuries. HitIQ, a company that floated on the ASX in June 2021, has developed smart mouthguards with sensors to record head impacts and is building a comprehensive database on head injuries. The company, although currently loss-making, has seen record revenue in the March quarter and is developing a virtual reality diagnostic aid. HitIQ's CEO, Mike Vegar, explains the company's evolution from manufacturing custom mouthguards to creating an end-to-end brain injury management platform. The company has secured a multi-year subscription deal with the AFL and is expanding its offerings through acquisitions like CSX. HitIQ is also working with Monash University to develop an AI model for concussion risk assessment. The company targets the elite sports market for immediate revenue while eyeing the consumer market for future growth. The article also touches on the strategic partnerships, financials, and future milestones of HitIQ.

Australia's Critical Minerals Strategy: A Path to Renewable Superpower Status

04 Apr 2024  |  intelligentinvestor.com.au
Australia is positioning itself as a key player in the global supply of critical minerals, essential for low-emissions technologies and the burgeoning electric vehicle (EV) market. The country's strategy, initiated in 2019, aims to transition from a mining-focused economy to one that includes manufacturing, particularly in the battery industry. This shift could significantly boost the economy and create thousands of jobs. Australia is already a leading producer of several critical minerals and has the potential to discover more, with much of the country still under-explored. The Albanese government plans to further this agenda with substantial investments and partnerships, aiming to make Australia a renewable energy superpower. The article also touches on the challenges faced by smaller mining companies in raising capital and competing internationally, and the government's role in supporting these companies through funding. Additionally, the Eureka Report provides insights and guides on various critical minerals and the industry's future.

The ABCs of Critical Minerals: Cobalt

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the critical role of cobalt in the production of lithium-ion batteries, highlighting the risks in the global supply chain, particularly due to the heavy reliance on the Democratic Republic of Congo, which produced 74% of the global output in 2021. It mentions Australia's significant cobalt resources and the social and environmental concerns associated with cobalt mining in Congo. The article provides a snapshot of Kuniko, which is drilling at the Skuterud cobalt project in Norway, and lists several other companies involved in cobalt and nickel mining. It also references a report by Project Blue, the Cobalt Institute's market report, and insights from various sources on the cobalt market and mining industry.

Interview with Cameron Scadding, Managing Director of Source Certain

04 Apr 2024  |  intelligentinvestor.com.au
The article is an interview with Cameron Scadding, managing director of Source Certain, an Australian company specializing in scientific verification of product origin to ensure traceable and trusted supply chains. The company serves various sectors, including government agencies, food regulators, and the mining industry. Source Certain has developed a technology to create a 'fingerprint' for products, determining their provenance, which is becoming increasingly important for ESG criteria. They have recently secured a deal with the UK Government to verify the origin of cargos, particularly to ensure that stolen crops from Ukraine are not entering the market. The company is considering an ASX listing and is expanding globally. The interview covers the company's services, the importance of their work in the current geopolitical climate, and their financial goals, including a potential ASX listing.

Why Pubs are Drawing Investors

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the surge in interest and investment in Australian pubs post-COVID, with investors labeling them as 'liquid gold' due to their resilience and cash-generating qualities. Kate MacDonald, senior vice president at Jones Lang LaSalle (JLL), shares insights on the pub market's performance, including a 40% increase in pub sales in 2021 and JLL's $1.2 billion worth of hotel sales in 2022. The article explores the appeal of pubs as an asset class in Australia, the consolidation of local players, differences in profitability across states due to gaming regulations, and the potential impact of anti-gambling measures. MacDonald also discusses the various ways investors can get involved in the pub sector, the hard work required to run a successful pub, and the evolution of the sector towards offering diverse experiences. She shares memorable transactions, including the sale of the Australian Hotel, which had been family-owned since 1891.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent transactions by directors of various companies listed on the ASX. Advance ZincTek’s Chairman Lev Mizikovsky has significantly increased his stake in the company by purchasing $1.7 million worth of stock. Develop Global’s Managing Director Bill Beament also increased his stake by exercising options to buy shares. On the selling side, Weebit Nano director Yoav Nissan-Cohen sold shares in an off-market trade, and Corporate Travel Management director Laura Ziolkowski sold shares as the company's stock price rose following a recovery in travel. The article provides details on the number of shares traded, the prices, and the resulting changes in ownership percentages, as well as the current market capitalisation of the companies mentioned.

OwnHome Forges Rent-to-Own Path to Australian Dream

04 Apr 2024  |  intelligentinvestor.com.au
The article features an interview with James Bowe, co-CEO of OwnHome, discussing the company's 'rent now, buy later' platform in Australia. OwnHome assists creditworthy customers who lack a deposit to buy a house by allowing them to move in, pay monthly above-market rent, and build a deposit over time. The company has received backing from Hostplus and Commonwealth Bank's venture arm. Bowe explains the business model, the demographic they serve (high income, not high wealth, often migrants), and the growth strategy. He addresses potential risks, such as market downturns and customers' ability to secure loans later. OwnHome is focused on the Greater Sydney and Greater Brisbane areas, with plans to expand based on demand and regulatory environments. The company profits from monthly payments, not capital growth, and has seen significant interest without much advertising. The current real estate market poses challenges, but OwnHome aims to guide customers through the downturn. Bowe also touches on the potential for a symbiotic relationship with the Commonwealth Bank and the possibility of an ASX listing.

Australia's Budding Vanadium Industry Vital to More Sustainable Future

04 Apr 2024  |  intelligentinvestor.com.au
Australia holds the third-largest vanadium resources globally, essential for high-strength steel production and emerging technologies like redox flow batteries. Despite significant resources, Australia's vanadium production is minimal. Australian Vanadium Ltd is advancing the Gabanintha project, with a focus on vanadium redox flow batteries through its subsidiary VSUN Energy. The company received a $49 million grant to progress the project. Other companies like AVZ Minerals Ltd, Horizon Minerals Ltd, and several others are also involved in vanadium and other critical minerals exploration and development. The article discusses the potential for vanadium to follow the same demand surge as other commodities, with insights from industry reports and experts on the growing importance of vanadium in sustainable technologies.

Core Lithium and the Northern Territory's Energy Ambitions

04 Apr 2024  |  intelligentinvestor.com.au
Core Lithium has faced challenges with its Finniss Lithium Project in the Northern Territory, including management changes and missed deadlines with Tesla. Despite this, the project is significant as the first lithium mine outside Western Australia and has secured contracts with major producers like Ganfeng Lithium. The Northern Territory Government is aiming to balance traditional and new energy industries to grow its economy. Setbacks in gas projects, such as Santos's Barossa project and Origin Energy's retreat from fracking, contrast with the growth in the lithium and rare earth sectors. Arafura Rare Earths and TNG are developing projects for electric vehicle batteries and other technologies. Core Lithium's stock has risen significantly, reflecting the growing demand for electric vehicles and renewable energy. The article also mentions the Sun Cable project, which aims to supply renewable energy to Darwin and Singapore. The Northern Territory is positioning itself to capitalize on these emerging industries to achieve its economic goals.

You’ll hear a lot about critical minerals this year. Get used to it.

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the rising demand for critical minerals due to the boom in clean energy technologies like renewables, electric vehicles, and battery storage. Australia, with significant deposits of these minerals, is well-positioned to become a key supplier and potentially develop a domestic battery industry. The Albanese government has updated its critical minerals strategy to capitalize on this opportunity, aiming to create jobs and add billions to the GDP. The article also highlights the strategic importance of reducing reliance on China for these minerals and mentions government investments and partnerships to support the industry. Companies like Syrah Resources Ltd have received U.S. government loans and grants to expand production of materials for lithium-ion batteries, and Australia's potential as a leading producer of various critical minerals is emphasized. The article also touches on the challenges and competition in the sector, as well as the potential for Australia to become a renewable energy superpower.

Director's Deeds: Insider Trading on the ASX

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent transactions by directors of various companies listed on the ASX. Supply Network CEO Geoffrey Stewart sold shares worth $5.7 million after a positive trading update. Leo Lithium director Brendan Borg sold shares for $2.2 million following a strategic agreement with Ganfeng Lithium. Best & Less is undergoing a takeover bid by BBRC Admin 1 Pty Ltd, with Chair Ray Itaoui becoming CEO and plans to delist the company if they acquire enough shares. The article provides details on the share prices and market capitalisation of the companies involved, as well as the context behind the director transactions.

Housing Supply Crunch Bodes Well for Build-to-Rent

04 Apr 2024  |  intelligentinvestor.com.au
Charter Keck Cramer, a property consultancy, has released reports on the build-to-sell and build-to-rent apartment markets in Melbourne, Sydney, and Brisbane. The concept of build-to-rent is newer in Australia compared to the US. The reports indicate a 10-year low in new build-to-sell apartment starts, suggesting a supply crunch as demand increases. Richard Temlett, the director of research and strategy at Charter Keck Cramer, discusses the dynamics of these markets, including challenges like tighter financing, rising interest rates, and potential increases in migration. He notes that certain areas may see price increases due to a mismatch in supply and demand. Temlett also touches on the impact of net overseas migration, changing living preferences, and the rise of long-term renting. He highlights the significant role of build-to-rent in addressing supply issues and the challenges in obtaining financing for these projects. The article also explores the potential of build-to-rent in the context of the Australian dream of owning a house with a yard, the premium rents associated with build-to-rent, and the influence of the upcoming Brisbane Olympics on the property market.

Chrysos's New Tech Can Answer If All That Glitters is Gold

04 Apr 2024  |  intelligentinvestor.com.au
Chrysos Corporation, named after the Greek word for 'gold', had its IPO on the ASX in May, raising $183 million, making it the largest IPO on the ASX at the time. The company's shares, initially offered at $6.50, have since dropped to around $3.70. Chrysos provides assaying services for gold, silver, copper, and other elements using a non-destructive, chemical-free technology called PhotonAssay, developed by CSIRO, which holds a 22% stake in the company. CEO Dirk Treasure discussed the company's financial health, with $92 million in the bank and a growth strategy focused on deploying their technology to more mine sites and laboratories. The company operates on a product as a service model, charging per sample analyzed. Despite a challenging global environment, Chrysos has secured contracts and has a clear sales pipeline through mid-2024. The company is not yet profitable but is seeing rapid revenue growth, with projections of $26.2 million in revenue for FY23.

Retirees Need More Than Just Money, Fidelity Study Shows

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses a study by Fidelity International on Australian retirement planning. It reveals that less than half of Australians are actively preparing for retirement, often retiring earlier than planned due to illness, caring for relatives, or redundancy. Richard Dinham, head of client solutions and retirement at Fidelity International, explains the challenges faced by pre-retirees, including the shrinking financial adviser sector and the need for better support systems. The study suggests that pre-retirees have the lowest life satisfaction due to anxiety about financial preparedness and the transition to retirement. The article also touches on the impact of the COVID-19 pandemic on retirement planning and the changing priorities of retirees, such as the fear of losing independence. It concludes with a discussion on the need for more holistic advice that goes beyond financial planning to include community engagement and preparation for potential health care needs in old age.

Director's Deeds: Insider Trading on the ASX

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the buying and selling activities of directors from various Australian companies. Matthew Latimore of M Resources sold $40 million worth of Stanmore Resources Ltd stock. Lionstown Director Anthony Cipriano sold shares worth $6 million, while also acquiring shares through options. Lindian Resources Chairman Asimwe Kabunga purchased shares for $4.2 million. IPH Ltd CEO Andrew Blattman sold shares for personal tax obligations, and JB Hi-Fi executives sold shares after being granted company shares. Airtasker Ltd board members participated in a private placement, and BHP Chairman Ken Mackenzie bought shares for the first time since 2018, while CEO Mike Henry sold shares to meet tax obligations. The article provides details on the transactions and the current market capitalization of the companies involved.

Looking for hidden gems and undervalued stocks?

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent transactions by directors of companies listed on the ASX, highlighting sales by Technology One director John Mactaggart and Neuren Pharmaceuticals director Trevor Scott, and a purchase by Turners Automotive director Alistair Petrie. Mactaggart sold shares reducing his stake in Technology One, which is transitioning to a SaaS model and trades at a high earnings multiple. Scott sold shares of Neuren Pharmaceuticals but still retains a significant stake. Petrie bought shares in Turners Automotive, a New Zealand-based company. The article suggests that these transactions might indicate the directors' perspectives on their companies' valuations and future prospects.

SQM's Christopher: Rate Pause Could Ease Rental Crisis

04 Apr 2024  |  intelligentinvestor.com.au
Louis Christopher, the founder of SQM Research, discusses the current state of the rental and property markets in Australia. He compares the current financial situation with the 2008 crisis, noting that central bankers and politicians are responding more effectively, despite the challenge of high inflation. Christopher predicts a potential pause in interest rate hikes due to the collapse of SVB, which could lead to a bottoming out of the housing market in 2023 if rates peak below 4%. He expresses surprise that rental vacancy rates remained steady at 1% despite expectations of a decrease. The rental crisis appears to be easing in smaller capital cities like Canberra, Darwin, and Hobart, possibly due to a reversal of the population flow from regional areas to larger cities. Christopher also notes sharp decreases in CBD rental vacancy rates, attributing it to an influx of international students. The national median weekly asking rent for a dwelling is $567, with Sydney being the most expensive. He anticipates that rent increases will eventually stabilize later in the year due to market adjustments and an increase in dwelling completions.

AVJennings CEO: Rate Hikes Keep Home Buyers Hesitant

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the challenges faced by AVJennings Limited, an Australian residential property developer, amidst a 'perfect storm' of rising interest rates, inflation, and labour shortages. The RBA's recent minutes and Governor Philip Lowe's comments highlight the impact of these factors on the housing market. AVJennings's CEO, Phil Kearns, acknowledges the tough trading conditions and the impact of interest rate uncertainty on home buyer confidence. Despite current challenges, Kearns remains optimistic about the medium-term outlook due to a shortage of new homes and expected high population growth. The company has initiated a share buyback after a drop in share price. Kearns also discusses the company's business model, financial performance, and strategies for coping with the current market, including a focus on prefabricated housing technology and expanding product offerings. The article includes insights into the company's history, its approach to development, and its response to government policies and market conditions.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article provides a detailed report on recent transactions by directors of various Australian Stock Exchange (ASX) listed companies. Vitura Health's co-founder Guy Headley sold a $6 million stake, while Qantas CEO Alan Joyce offloaded a $16.9 million stake. Goodman Group's Danny Peeters and Dicker Data's David Dicker also made significant sales. Neil Smith of Kelsian Group sold shares to support charitable projects through The Relay Trust. SRG Global's David Macgeorge and Carsales.com's Walter Pisciotta executed notable sales as well. On the buying side, Rubicon Water's Gordon Dickinson and Universal Store Holdings' David Maclean made substantial purchases. The article also touches on the financial performance and market capitalisation of the mentioned companies as of 6 June.

Mining the Opportunities in the Territory

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the potential economic boom in Darwin, Australia, as it positions itself as a gateway to Asia with digital infrastructure and renewable energy exports. Jason Schoolmeester, in charge of investments in major projects, talks about various initiatives including rocket launches, solar parks, and gas projects. He expresses confidence in the Barossa gas project by Santos and the Beetaloo gas field, despite Origin selling its interest. The Finniss Lithium Project by Core Lithium is operational and is a key part of economic planning. Schoolmeester also discusses the Northern Territory's approach to gas investment versus renewable energy, emphasizing the need for an energy mix. He highlights the importance of creating new industries from these projects and mentions the potential of the space and defense sectors, with NASA as a notable client for rocket launches in the region.

Director's Deeds: Directors Buying and Selling

04 Apr 2024  |  intelligentinvestor.com.au
This article discusses recent transactions by directors of companies listed on the Australian Securities Exchange (ASX). It covers the period from 20 July to 17 August, noting a lack of significant activity on 3 August. Rio Tinto's new Chairman Dominic Barton and CEO Jakob Stausholm made notable share purchases. TerraCom directors collectively bought $1 million worth of shares, with significant purchases by Mark Lochtenberg, Graeme Campbell, and Danny McCarthy. Nicholas Politis of Eagers Automotive continued to buy shares through WFM Motors. On the selling side, Matthew Latimore of Bowen Coking Coal and Dennis Donald of Warrego Energy sold substantial amounts of shares. The article provides specific details on the number of shares bought or sold, the prices, and the resulting changes in market capitalization for the companies involved.

Fixed Price Reforms Could Ease Building Woes: HIA

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses the challenges faced by the building industry in Australia, including rising interest rates, inflation, and the impact on new building investments and costs. Tim Reardon, the chief economist at the Housing Industry Association, highlights the erosion of the building work pool since the Reserve Bank of Australia (RBA) began increasing the cash rate in May of the previous year. He expresses concern over weak building approvals affecting the government's target of one million new homes and the implications for affordability amid high migration levels. The article covers the issues of builders going bankrupt due to increased material prices and cash flow pressures, the need for reform in fixed price contracts, and the potential for more RBA rate hikes. Reardon also discusses the long-term outlook for the industry, the role of foreign and domestic investment in housing supply, government initiatives, and the importance of improving housing data quality. Additionally, the article touches on the challenges of adapting new and existing buildings for EV charging infrastructure.

Adriatic Metals Poised for Silver Production

04 Apr 2024  |  intelligentinvestor.com.au
Adriatic Metals, listed on ASX as ADT, has seen its shares reach all-time highs due to progress on its Vares Silver Project in Bosnia-Herzegovina, with production expected to start in Q3 of this year. The company's CEO, Paul Cronin, is optimistic about the project's contribution to green energy and is confident about operating in Bosnia and Europe. The Vares Project will produce two concentrates, with the majority of revenue coming from silver. The project, a brownfield site, has infrastructure from the 1970s and is being developed with a focus on sustainability. Adriatic Metals has secured offtake agreements with companies like Glencore and Boliden. The project is funded by equity and debt from Orion Mine Finance, with no further funding needed. Bosnia offers a cost advantage in energy, and Adriatic Metals is working on solar energy projects with Emergy. The project is expected to significantly impact Bosnia's GDP and employment. Despite regional instability, Cronin believes the Western Balkans are stable and the project has strong local and federal government support.

Australian Hotel Dynamics Draw Investors

04 Apr 2024  |  intelligentinvestor.com.au
Sabine Schaffer, managing partner and co-founder of Pro-invest Group, discusses the company's investment in hotels and commercial property assets, particularly in the Australian tourism sector. Pro-invest, with $3 billion under management, is a vertically-integrated private equity investment house active across Europe, the Middle East, and the Asia-Pacific region. Schaffer highlights the opportunities arising from market uncertainties, such as repositioning hospitality assets to meet modern standards and ESG compliance. Despite challenges like COVID-19, inflation, and interest rate hikes, she remains optimistic about the hospitality sector's resilience, especially in Australia, due to its strong domestic market. Pro-invest's Fund III is currently open, targeting institutional and sophisticated investors, with a focus on repositioning existing assets. Schaffer also addresses the impact of Airbnb on the hotel industry, noting regulatory changes and the importance of international tourism for markets like New Zealand. Lastly, she emphasizes Pro-invest's commitment to sustainability, with initiatives like green loans and high NABERS ratings for their properties.

Darwin's Infrastructure Ambitions Inspired by Singapore

04 Apr 2024  |  intelligentinvestor.com.au
Louise McCormick, the Northern Territory's commissioner for infrastructure investment, is focused on developing Darwin into a business hub and investment drawcard, taking inspiration from Singapore's efficient use of infrastructure to enhance its tropical lifestyle. Darwin is poised to benefit from its proximity to Asia and available land for projects like solar parks and data centres. The article discusses significant infrastructure developments, including the Adelaide-Darwin railway acquisition by Aurizon, the Darwin harbour ship lift, and new international digital connections. Telecommunications company Vocus and others are enhancing Darwin's digital connectivity, with data centres planned by NEXTDC and DCI Data Centres. The article also touches on the need for improved physical road infrastructure and the potential of Darwin's airport, which served as a key hub during COVID lockdowns. Labour shortages in Darwin are a challenge, with efforts underway to attract workers from abroad.

City Tourism is Back From COVID, Alloggio Says

04 Apr 2024  |  intelligentinvestor.com.au
Alloggio, a short-term rental accommodation provider, has seen significant growth since its IPO in November 2021, raising $16.5 million for expansion. The company's revenue and EBITDA more than doubled in fiscal year 2022, and it reported a net profit after tax of $2 million. Alloggio's growth is attributed to its technology platform, which drives efficiencies, and its strategy of acquiring smaller rivals, with 17 acquisitions made recently. The company has expanded its portfolio to about 2,200 holiday properties and 13 mid-market hotels. Despite this growth, Alloggio's share price has not seen a substantial increase since the IPO. CEO Will Creedon discusses the company's focus on inventory, technology, and distribution to drive revenue. Alloggio has also invested in essential services like housekeeping and linen provision to maintain quality and consistency. The company has a strong relationship with the Commonwealth Bank of Australia, which has increased its debt facility to support further acquisitions. Alloggio's recent acquisition of A Perfect Stay for $11 million has expanded its presence into Byron Bay, the Gold Coast, and Melbourne.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent transactions by directors of various companies listed on the ASX. Syrah Resources Limited has seen a significant share price increase due to the growing demand for graphite used in electric vehicle batteries. The company's Managing Director, Shaun Verner, sold shares to meet tax obligations. Syrah Resources is expanding its Vidalia facility in Louisiana with the help of U.S. government loans and grants. Bowen Coking Coal and Carnaby Resources also saw directors selling shares. AGL Energy directors, including the new CEO Damien Nicks, bought shares following a reported net loss and a decline in share price. The article provides details of these transactions and the current valuation of the companies.

Director's Deeds

04 Apr 2024  |  intelligentinvestor.com.au
The article discusses recent transactions by directors of various Australian Stock Exchange (ASX) listed companies. Former Bellevue Gold Managing Director Steve Parsons sold $17.85 million of shares, transitioning to a non-executive director role. Audinate CEO Aidan Williams sold shares after the company reported record revenue and Ebitda. Nitro Software director Michael Brown sold shares amidst a takeover bid by Rocket BidCo, with Potentia later making a superior offer. Polynovo Chairman David Williams and other directors bought shares in a private placement. Whitehaven Coal director George Zafe also purchased shares in the company. The article provides details on the share prices and market capitalisation of the companies at the time of writing.

Zip Co CEO Larry Diamond on Refocusing Strategy and Market Adaptability

04 Apr 2024  |  intelligentinvestor.com.au
The article is an interview with Larry Diamond, CEO of Zip Co, discussing the company's strategic shift from global expansion to sustainable growth. Over the past year, Zip Co has experienced significant changes, including the termination of a merger with Sezzle, divestment of its Central and Eastern European businesses, and a refocus on core markets in Australia, New Zealand, and the US. Despite market challenges, such as rising interest rates and potential recessions, Diamond remains optimistic about the Buy Now, Pay Later (BNPL) sector's resilience and growth potential. He highlights Zip Co's profitability in the Australian market and the company's path to breakeven in FY24. Additionally, Diamond addresses the impact of increased regulation on the BNPL industry and Zip Co's preparedness for it. The company's stock has seen fluctuations, but Diamond emphasizes their focus on execution and shareholder value.

Putting the Strategy in the Territory's Infrastructure

04 Apr 2024  |  intelligentinvestor.com.au
Louise McCormick, the infrastructure commissioner for the Northern Territory, discusses the largest infrastructure program in the region's history. The program aims to strategically enhance infrastructure across various sectors, including road networks, aviation, and port facilities. McCormick emphasizes the importance of strategic planning and coordination, working closely with Investment Territory, and delivering key projects like the Darwin Ship Lift and the new State Square Art Gallery. She also addresses challenges such as the small population base and vast distances, which affect the funding and feasibility of infrastructure projects. McCormick argues for a change in assessment frameworks to consider strategic outcomes over pure economic benefits. The article also touches on Darwin's potential as a logistics hub, the management of Darwin Port by Landbridge, and the prospects of the space and defence sectors in the region.

Rising political star Jacinta Nampijinpa Price challenges Australia's push for Indigenous referendum

14 Oct 2023  |  latimes.com
Jacinta Nampijinpa Price, an Indigenous Australian politician, spoke at Australia's National Press Club opposing a referendum to expand Indigenous rights, citing concerns over separatism and the 'racism of low expectations.' Despite acknowledging the benefits of colonization, such as running water and food, she was criticized by Indigenous officials for her views. Price's stance was influential in the referendum's defeat. She has a history in television and politics, following her mother into public service. Price focuses on combating domestic and sexual violence in Indigenous communities and emphasizes the need for Indigenous Australians to not be seen as victims. Political analysts and researchers provided mixed reactions to her comments, and she is considered a potential future prime minister.

Indigenous Australian politician Jacinta Nampijinpa Price's stance on referendum sparks debate

14 Oct 2023  |  news.yahoo.com
Jacinta Nampijinpa Price, an Indigenous Australian and rising political figure, spoke at Australia's National Press Club opposing a referendum to expand Indigenous rights, citing a need to move away from separatism. Despite the historical negative impacts of colonization, Price highlighted the benefits such as running water and available food. Her stance and influence are believed to have contributed to the referendum's defeat. Price, who has a background in television and politics, is known for her views on combating domestic and sexual violence in Indigenous communities and has been suggested as a potential future prime minister. The article also touches on Australia's struggle with its treatment of Indigenous people and the lack of a treaty with its original inhabitants.

Last Night's Markets

23 Sep 2023  |  intelligentinvestor.com.au
The article discusses the impact of central bank policies on the global economy, with a focus on the US Federal Reserve's recent rate hike and its implications for inflation and recession risks. It highlights the coordinated rate hikes by central banks worldwide, including the Riksbank, Bank of England, and Swiss central bank, as they attempt to curb inflation. The article also covers the economic outlook for various countries, with a particular emphasis on the US, where economist Nouriel Roubini predicts a long recession, and Europe, which faces a deepening energy crisis. The situation in China is also mentioned, with its ongoing struggles with COVID-19 and a property crisis. Domestically, the article examines the Reserve Bank of Australia's (RBA) divergence from the US Fed's aggressive rate hikes due to differences in household debt sensitivity and wage growth. Additionally, the article explores the Australian housing market, consumer spending, and the e-commerce sector's recalibration post-COVID. It also touches on geopolitical tensions, specifically Russia's mobilization and the war with Ukraine, and the global response to the COVID-19 pandemic.

Financial Markets Reel Under Inflation Pressures and Rate Hikes

16 Sep 2023  |  intelligentinvestor.com.au
The article discusses the recent downturn in global financial markets, driven by higher-than-expected inflation rates in the US and UK, leading to aggressive interest rate hikes by central banks. The Federal Reserve is expected to announce another significant rate increase, with similar actions anticipated from the Bank of England. The situation in Ukraine has seen a shift, with Ukrainian forces making advances, but the long-term outcome remains uncertain. Europe faces a challenging winter with energy shortages due to reduced Russian gas supplies, leading to increased energy costs and inflation. In Australia, the central bank may consider slowing the pace of rate hikes, but the job market remains tight, indicating further increases are likely. The article also touches on the impact of the Queen's passing on the UK's political landscape and the potential implications for Scottish independence. Additionally, corporate earnings and business sentiments are examined, with companies like Woodside Energy benefiting from non-Russian gas demand and Domino's Pizza facing cost pressures in Europe.

The Hydrogen Buzz: Why Green Hydrogen Is the Hot Topic in Town

12 Jul 2023  |  intelligentinvestor.com.au
The article discusses the potential and development of green hydrogen as a clean energy source. It highlights the International Energy Agency's forecast that hydrogen could account for 10% of global energy consumption by 2050. The Australian government's commitment to net zero emissions by 2030 is driving interest in hydrogen, with Australia's vast resources supporting the industry's growth. The article features interviews with CEOs of several Australian companies involved in hydrogen production and technology, including Hazer Group, Kelsian, Pure Hydrogen Corporation, Provaris, Province Resources, ReNU Energy, and Sparc Technologies. It also mentions the launch of a hydrogen ETF on the Australian exchange and an upcoming IPO for Gold Hydrogen. The article references various reports and initiatives by international organizations and Australian agencies that support hydrogen development.

Last Night's Markets

16 Jun 2023  |  intelligentinvestor.com.au
The article provides a comprehensive analysis of the current financial markets, central bank decisions, and economic indicators. It discusses the US Federal Reserve's decision to pause interest rate hikes, maintaining the federal funds rate at 5-5.25 percent, and the potential for future increases. The article also covers the European Central Bank's rate hike and the Bank of Japan's steady policy. Inflation rates are examined, with the US seeing a slight increase in consumer prices. The UK's immigration policy is scrutinized in light of recent government concerns, despite the public's lessened anxiety post-Brexit. The article touches on the potential economic benefits of well-designed immigration policies, citing the IMF and World Bank studies. Additionally, the piece explores the implications of AI regulation in the EU and the concept of the 'Brussels effect.' The Australian economic landscape is analyzed, highlighting strong employment growth but potential risks of recession. The article concludes with a global outlook for investment markets, suggesting a positive momentum in share markets.

Sentinel Property Group's CEO Warren Ebert on Investing in Northern Australia's Commercial Property

05 Apr 2023  |  intelligentinvestor.com.au
The article features an interview with Warren Ebert, CEO of Sentinel Property Group, discussing the company's bullish stance on commercial property investment in Northern Australia, particularly in Darwin. Sentinel owns significant properties in the region, including the largest shopping center, student flats, and a pub. Ebert highlights the region's potential due to its proximity to Asia, the mining of rare earths, and large gas projects. He also discusses Sentinel's investment strategy, which is counter-cyclical and focused on high-net-worth individuals. The company has diversified into modular homes to address labor shortages and provide worker accommodation. Ebert also touches on the impact of interest rate hikes on property yields and the future growth prospects in Northern Australia, driven by a range of large-scale projects and the strategic importance of the region.

Financy Women's Index: A Snapshot of Economic Conditions for Australian Women

01 Apr 2023  |  intelligentinvestor.com.au
The article discusses the Financy Women's Index, which measures economic conditions for Australian women. The latest index shows that the superannuation gender gap has decreased, but there is still a significant difference in lifetime balances between men and women. The author, Bianca Hartge-Hazelman, explains the importance of the index in informing debates and influencing policy. She highlights the need for more affordable childcare, flexible work, and paid parental leave to close the superannuation gender gap. The article also touches on upcoming policy changes, such as the removal of the $450 monthly earnings threshold for compulsory super, and the potential impact of housing on women's economic security. Hartge-Hazelman remains hopeful for more progressive changes from the new government to address gender financial equality.

A Hesitant Market: Insights from a Property Expert

01 Apr 2023  |  intelligentinvestor.com.au
The article features an interview with Nicole Jacobs, a licensed real estate agent and buyer's advocate, who provides insights into the current state of the property market, particularly in Melbourne's high-end areas and the Mornington Peninsula. Jacobs discusses the market's hesitancy due to recent interest rate rises and the potential for buyers to find opportunities as property prices have softened. She notes the cyclical nature of the market and emphasizes the importance of buying well. The top end of the market, according to Jacobs, is less affected by interest rate rises and operates differently from other market segments. She also touches on the tight rental market, the impact of new legislations, and the shift in prices on the Mornington Peninsula since the pandemic. Jacobs advises buyers to conduct thorough due diligence and understand the motivations of sellers, the health of properties, and the rules of engagement in transactions.

The U.S. military has big plans for an Australian port. So does the Chinese firm that controls it

02 Feb 2023  |  latimes.com
Darwin, a port city in northern Australia, is becoming a focal point for U.S. and Australian military expansion in response to perceived threats from China. Despite this, the port is leased to Chinese company Landbridge Group, which has raised concerns in Washington and Canberra. Prime Minister Anthony Albanese has announced a review of the 2015 sale of the port lease. The U.S. plans to increase its military presence in Darwin, and Australia is developing nuclear-powered submarines with U.S. assistance. However, the economic ties between Australia and China are strong, with China being Australia's largest trading partner. The article discusses the complexities of balancing national security interests with economic dependencies, as well as the potential implications of the Darwin Port lease on Australia-China relations.

Sen. Jacinta Nampijinpa Price's stance on Indigenous rights referendum sparks debate in Australia

01 Feb 2023  |  malaysia.news.yahoo.com
Jacinta Nampijinpa Price, an Indigenous Australian senator, opposed a referendum to expand Indigenous rights, arguing against separatism and the 'racism of low expectations.' Her stance, along with her role as the Liberal spokesperson for Indigenous affairs, is believed to have influenced the referendum's failure. Price's views have sparked debate, with some Indigenous officials labeling her a 'betrayal,' while others, like Noel Pearson, criticize her for being caught in a 'redneck celebrity vortex.' Despite Australia's progressive image, its Indigenous population faces significant challenges. Prime Minister Anthony Albanese's push for the referendum lacked bipartisan support, and over 60% of Australians voted against it. Price's political influence is growing, with suggestions she could become prime minister, and her focus on combating domestic and sexual violence in Indigenous communities is notable.

Cosco's Greek project becomes magnet for Chinese investment

09 Jul 2020  |  www.chinadailyhk.com
The article discusses the impact of Chinese state-owned giant COSCO Shipping's investment in the Greek port of Piraeus. COSCO took over container operations at the port in 2008, leading to a significant increase in traffic and making Piraeus one of the fastest-growing ports globally. In 2016, COSCO acquired a majority stake in the Piraeus Port Authority and is now planning further investments, including a five-star hotel and conference center. These developments are part of China's Belt and Road Initiative and align with Greece's plans to attract foreign investment post-financial crisis. The investment has already contributed significantly to the local economy, created jobs, and boosted real estate prices. Additionally, two Chinese banks are set to open branches in Greece, signaling growing Chinese financial presence in the country.

Political stories for Politico Europe, including the Greek elections.

My portfolio of work at Bloomberg where I worked as Reporter at Large and Bureau Chief.

Articles I've written for the Los Angeles Times as a special correspondent

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