AGL Energy Limited (AGL):
AGL Energy’s tentative plan to build a $300 million LNG import terminal off the south-east coast is gaining momentum with the heightened awareness of the east coast supply squeeze, with LNG traders known to be watching the opportunity closely. While the idea of Australia importing LNG at the same time as it heads to become the world’s biggest exporter strikes many as nonsensical, AGL chief executive Andy Vesey has described it as a sign of the maturing of the country’s gas market. Mr Vesey has pointed to several countries that import and export gas, including the US, Indonesia and the Netherlands, to help with mismatches in supply and demand.
Coca-Cola Amatil Limited (CCL):
It’s an alarming trend for Australia’s food and drink manufacturers, especially the leading non-alcoholic, ready-to-drink commercial beverages bottler, Coca-Cola Amatil. Unlike their UK peers, CCA and rival bottlers appear to have successfully convinced the federal government – for now – that there is no case for introducing a tax on soft drinks. But the anti-sugar trend threatens to have as much impact on consumption of carbonated soft drinks and other high-sugar beverages such as energy drinks and juice as a government imposed levy. CCA’s Australian beverage volumes have been in decline since 2005 as higher consumption of bottled water and still beverages has failed to offset the slump in sales of fizzy drinks. The rate of decline has accelerated in recent years, with volumes falling 2.1 per cent in 2016, 4.1 per cent in 2014 and 3.2 per cent in 2013. The launch of low-sugar Coke Life briefly boosted volumes in 2015. In CCA’s sparkling beverages portfolio – which includes brands such as Coke, Sprite, Fanta and Kirks – volumes have fallen harder, down 4.7 per cent in 2016.
Platinum Asset Management Limited (PTM):
Australia-based global equity funds have encountered difficultly in recent years following a series of unexpected developments including Brexit and the US presidential election. Magellan’s flagship $8.6 billion global fund is underperforming over one and three years while still showing much better results over the longer term. Platinum Asset Management’s flagship International Fund with $10 billion under management has lagged the MSCI All Country World Index over one, three, five and seven years but has performed well over 10 years. The global strategies run by Chris Dixon and Allan Goldstein of Cooper Investors have held up well by comparison. While both funds underperformed the MSCI All Country World Index over the 12 months to February 28, their longer-term track records are impressive.
Treasury Wine Estates Limited (TWE):
It is Treasury’s focus on people and building strong leaders who cooperate across the teams that has helped break down fiefdoms. When Treasury Wine Estates kicked off its Napa Valley roadshow presentation with the chief people and communications officer, it set the tone for the day – and sent a powerful message about the company itself. The presentation, its first in years, by Megan Collins discussed culture, trust, creating accountable leaders and ‘‘collaborating to win’’. Her presentation included a series of clips of workers four years ago, no doubt as a reminder of how bad things were back then. She then contrasted it with clips of workers today. The company has come a long way. It has also gone through a lot of pain to get to this point. It has gone through a painful demerger with Foster’s, huge staff turnover, massive write-downs and serious credibility issues culminating in the departure of chief executive David Dearie in 2013.
Westpac Banking Corporation (WBC):
This week Westpac Banking Corp and the Australian Securities and Investments Commission head to court for a second directions hearing in a case where the regulator is accusing the bank of breaching rules designed to ensure that the interests of customers are put first. The legal fraternity is watching every step, given that it is the first major test of the distinction between general and personal advice since key financial planning reforms, known as the Future of Financial Advice (FoFA) regime, became mandatory in July 2013. Westpac suggests that if the advice it gave to customers to switch their savings to a Westpac superannuation product is not deemed to be general advice, such advice will be almost impossible to provide – to the detriment of many Australians who are struggling to understand how best to arrange their financial affairs.
（Source: AIMS）AGL Energy Limited (AGL):
AGL Energy’s tentative plan to build a $300 million LNG import terminal off the south-east coast is gaining momentum with the heightened awareness of the east coast supply squeeze, with LNG traders known to be watching the opportunity closely. While the idea of Australia importing LNG at the same time as it heads to become the world’s biggest exporter strikes many as nonsensical, AGL chief executive Andy Vesey has described it as a sign of the maturing of the country’s gas market. Mr Vesey has pointed to several countries that import and export gas, including the US, Indonesia and the Netherlands, to help with mismatches in supply and demand.
Coca-Cola Amatil Limited (CCL):
It’s an alarming trend for Australia’s food and drink manufacturers, especially the leading non-alcoholic, ready-to-drink commercial beverages bottler, Coca-Cola Amatil. Unlike their UK peers, CCA and rival bottlers appear to have successfully convinced the federal government – for now – that there is no case for introducing a tax on soft drinks. But the anti-sugar trend threatens to have as much impact on consumption of carbonated soft drinks and other high-sugar beverages such as energy drinks and juice as a government imposed levy. CCA’s Australian beverage volumes have been in decline since 2005 as higher consumption of bottled water and still beverages has failed to offset the slump in sales of fizzy drinks. The rate of decline has accelerated in recent years, with volumes falling 2.1 per cent in 2016, 4.1 per cent in 2014 and 3.2 per cent in 2013. The launch of low-sugar Coke Life briefly boosted volumes in 2015. In CCA’s sparkling beverages portfolio – which includes brands such as Coke, Sprite, Fanta and Kirks – volumes have fallen harder, down 4.7 per cent in 2016.
Platinum Asset Management Limited (PTM):
Australia-based global equity funds have encountered difficultly in recent years following a series of unexpected developments including Brexit and the US presidential election. Magellan’s flagship $8.6 billion global fund is underperforming over one and three years while still showing much better results over the longer term. Platinum Asset Management’s flagship International Fund with $10 billion under management has lagged the MSCI All Country World Index over one, three, five and seven years but has performed well over 10 years. The global strategies run by Chris Dixon and Allan Goldstein of Cooper Investors have held up well by comparison. While both funds underperformed the MSCI All Country World Index over the 12 months to February 28, their longer-term track records are impressive.
Treasury Wine Estates Limited (TWE):
It is Treasury’s focus on people and building strong leaders who cooperate across the teams that has helped break down fiefdoms. When Treasury Wine Estates kicked off its Napa Valley roadshow presentation with the chief people and communications officer, it set the tone for the day – and sent a powerful message about the company itself. The presentation, its first in years, by Megan Collins discussed culture, trust, creating accountable leaders and ‘‘collaborating to win’’. Her presentation included a series of clips of workers four years ago, no doubt as a reminder of how bad things were back then. She then contrasted it with clips of workers today. The company has come a long way. It has also gone through a lot of pain to get to this point. It has gone through a painful demerger with Foster’s, huge staff turnover, massive write-downs and serious credibility issues culminating in the departure of chief executive David Dearie in 2013.
Westpac Banking Corporation (WBC):
This week Westpac Banking Corp and the Australian Securities and Investments Commission head to court for a second directions hearing in a case where the regulator is accusing the bank of breaching rules designed to ensure that the interests of customers are put first. The legal fraternity is watching every step, given that it is the first major test of the distinction between general and personal advice since key financial planning reforms, known as the Future of Financial Advice (FoFA) regime, became mandatory in July 2013. Westpac suggests that if the advice it gave to customers to switch their savings to a Westpac superannuation product is not deemed to be general advice, such advice will be almost impossible to provide – to the detriment of many Australians who are struggling to understand how best to arrange their financial affairs.
（Source: AIMS）
AGL Energy’s tentative plan to build a $300 million LNG import terminal off the south-east coast is gaining momentum with the heightened awareness of the east coast supply squeeze, with LNG traders known to be watching the opportunity closely. While the idea of Australia importing LNG at the same time as it heads to become the world’s biggest exporter strikes many as nonsensical, AGL chief executive Andy Vesey has described it as a sign of the maturing of the country’s gas market. Mr Vesey has pointed to several countries that import and export gas, including the US, Indonesia and the Netherlands, to help with mismatches in supply and demand.
Coca-Cola Amatil Limited (CCL):
It’s an alarming trend for Australia’s food and drink manufacturers, especially the leading non-alcoholic, ready-to-drink commercial beverages bottler, Coca-Cola Amatil. Unlike their UK peers, CCA and rival bottlers appear to have successfully convinced the federal government – for now – that there is no case for introducing a tax on soft drinks. But the anti-sugar trend threatens to have as much impact on consumption of carbonated soft drinks and other high-sugar beverages such as energy drinks and juice as a government imposed levy. CCA’s Australian beverage volumes have been in decline since 2005 as higher consumption of bottled water and still beverages has failed to offset the slump in sales of fizzy drinks. The rate of decline has accelerated in recent years, with volumes falling 2.1 per cent in 2016, 4.1 per cent in 2014 and 3.2 per cent in 2013. The launch of low-sugar Coke Life briefly boosted volumes in 2015. In CCA’s sparkling beverages portfolio – which includes brands such as Coke, Sprite, Fanta and Kirks – volumes have fallen harder, down 4.7 per cent in 2016.
Platinum Asset Management Limited (PTM):
Australia-based global equity funds have encountered difficultly in recent years following a series of unexpected developments including Brexit and the US presidential election. Magellan’s flagship $8.6 billion global fund is underperforming over one and three years while still showing much better results over the longer term. Platinum Asset Management’s flagship International Fund with $10 billion under management has lagged the MSCI All Country World Index over one, three, five and seven years but has performed well over 10 years. The global strategies run by Chris Dixon and Allan Goldstein of Cooper Investors have held up well by comparison. While both funds underperformed the MSCI All Country World Index over the 12 months to February 28, their longer-term track records are impressive.
Treasury Wine Estates Limited (TWE):
It is Treasury’s focus on people and building strong leaders who cooperate across the teams that has helped break down fiefdoms. When Treasury Wine Estates kicked off its Napa Valley roadshow presentation with the chief people and communications officer, it set the tone for the day – and sent a powerful message about the company itself. The presentation, its first in years, by Megan Collins discussed culture, trust, creating accountable leaders and ‘‘collaborating to win’’. Her presentation included a series of clips of workers four years ago, no doubt as a reminder of how bad things were back then. She then contrasted it with clips of workers today. The company has come a long way. It has also gone through a lot of pain to get to this point. It has gone through a painful demerger with Foster’s, huge staff turnover, massive write-downs and serious credibility issues culminating in the departure of chief executive David Dearie in 2013.
Westpac Banking Corporation (WBC):
This week Westpac Banking Corp and the Australian Securities and Investments Commission head to court for a second directions hearing in a case where the regulator is accusing the bank of breaching rules designed to ensure that the interests of customers are put first. The legal fraternity is watching every step, given that it is the first major test of the distinction between general and personal advice since key financial planning reforms, known as the Future of Financial Advice (FoFA) regime, became mandatory in July 2013. Westpac suggests that if the advice it gave to customers to switch their savings to a Westpac superannuation product is not deemed to be general advice, such advice will be almost impossible to provide – to the detriment of many Australians who are struggling to understand how best to arrange their financial affairs.
（Source: AIMS）AGL Energy Limited (AGL):
AGL Energy’s tentative plan to build a $300 million LNG import terminal off the south-east coast is gaining momentum with the heightened awareness of the east coast supply squeeze, with LNG traders known to be watching the opportunity closely. While the idea of Australia importing LNG at the same time as it heads to become the world’s biggest exporter strikes many as nonsensical, AGL chief executive Andy Vesey has described it as a sign of the maturing of the country’s gas market. Mr Vesey has pointed to several countries that import and export gas, including the US, Indonesia and the Netherlands, to help with mismatches in supply and demand.
Coca-Cola Amatil Limited (CCL):
It’s an alarming trend for Australia’s food and drink manufacturers, especially the leading non-alcoholic, ready-to-drink commercial beverages bottler, Coca-Cola Amatil. Unlike their UK peers, CCA and rival bottlers appear to have successfully convinced the federal government – for now – that there is no case for introducing a tax on soft drinks. But the anti-sugar trend threatens to have as much impact on consumption of carbonated soft drinks and other high-sugar beverages such as energy drinks and juice as a government imposed levy. CCA’s Australian beverage volumes have been in decline since 2005 as higher consumption of bottled water and still beverages has failed to offset the slump in sales of fizzy drinks. The rate of decline has accelerated in recent years, with volumes falling 2.1 per cent in 2016, 4.1 per cent in 2014 and 3.2 per cent in 2013. The launch of low-sugar Coke Life briefly boosted volumes in 2015. In CCA’s sparkling beverages portfolio – which includes brands such as Coke, Sprite, Fanta and Kirks – volumes have fallen harder, down 4.7 per cent in 2016.
Platinum Asset Management Limited (PTM):
Australia-based global equity funds have encountered difficultly in recent years following a series of unexpected developments including Brexit and the US presidential election. Magellan’s flagship $8.6 billion global fund is underperforming over one and three years while still showing much better results over the longer term. Platinum Asset Management’s flagship International Fund with $10 billion under management has lagged the MSCI All Country World Index over one, three, five and seven years but has performed well over 10 years. The global strategies run by Chris Dixon and Allan Goldstein of Cooper Investors have held up well by comparison. While both funds underperformed the MSCI All Country World Index over the 12 months to February 28, their longer-term track records are impressive.
Treasury Wine Estates Limited (TWE):
It is Treasury’s focus on people and building strong leaders who cooperate across the teams that has helped break down fiefdoms. When Treasury Wine Estates kicked off its Napa Valley roadshow presentation with the chief people and communications officer, it set the tone for the day – and sent a powerful message about the company itself. The presentation, its first in years, by Megan Collins discussed culture, trust, creating accountable leaders and ‘‘collaborating to win’’. Her presentation included a series of clips of workers four years ago, no doubt as a reminder of how bad things were back then. She then contrasted it with clips of workers today. The company has come a long way. It has also gone through a lot of pain to get to this point. It has gone through a painful demerger with Foster’s, huge staff turnover, massive write-downs and serious credibility issues culminating in the departure of chief executive David Dearie in 2013.
Westpac Banking Corporation (WBC):
This week Westpac Banking Corp and the Australian Securities and Investments Commission head to court for a second directions hearing in a case where the regulator is accusing the bank of breaching rules designed to ensure that the interests of customers are put first. The legal fraternity is watching every step, given that it is the first major test of the distinction between general and personal advice since key financial planning reforms, known as the Future of Financial Advice (FoFA) regime, became mandatory in July 2013. Westpac suggests that if the advice it gave to customers to switch their savings to a Westpac superannuation product is not deemed to be general advice, such advice will be almost impossible to provide – to the detriment of many Australians who are struggling to understand how best to arrange their financial affairs.
（Source: AIMS）
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