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You’re Kidding

Spotless Chief Executive Bruce Dixon has given notice that he is stepping down from the top job less than one year after the business relisted on the ASX. The reasoning for quitting his full time executive role was to help his son with his career. However reasonable that may sound, the long and short of […]

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Double taxation

It’s hard to keep one’s emotion in check when you read articles with arguments that fly in the face of the logic and fairness of our financial system. While our neighbours, New Zealand, have taught us a good lesson on how to run a country, it seems our politicians can’t help themselves in fixing a […]

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Politicians and Budgets

It’s hard not to be cynical when it comes to our politicians. For many of us it comes down to a matter of trust but in reality the job of a politician is often about delivering bad news in a polite way, almost devoid of the truth. How novel it would be if they could […]

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Housing Starts to Underpin Domestic Economic Growth

Unemployment came in better than expected with February numbers at 5.8% down from the 10 year high of 6.1% posted in January. This, along with a slew of positive indicators, pushed the local currency back towards 95 cents against the US dollar. The share market’s gyrations has many questioning the economy’s future direction, however, housing […]

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Treasurer Swan – times up

On the eve of the Federal Government’s 2013 Budget release, Treasurer Wayne Swan will deliver a raft of numbers that will leave many bamboozled by the extent to which the expected surplus that was promised has turned into a resounding deficit. The Government will argue that a series of external factors have conspired to negate […]

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Message to Reserve Bank of Australia – don’t cut interest rates

The case against a rate cut mounts as we approach the first Reserve Bank of Australia board meeting for 2013. With the official cash rate currently sitting at 3.0% some in the market have argued for further cuts. In fact two of Australia’s major banks, ANZ and National have forecast cash rates of 2.0% and […]

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NIB Holdings reviewed

Price at review $2.01 (ASX:NHF) Most individuals have some form of health insurance. Like any insurance we hope we never have to call upon it but every year we pay up the premiums to cover ourselves partly driven by neccesity and partly because the government penalises you if you don’t. In our December 2012 quarterly […]

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Tabcorp Holdings onto a winner

Price at review – $2.86 (ASX:TAH) The old adage you can run but you can’t hide, might be wagering group Tabcorp’s message to the Victorian Government. When Tabcorp floated back in 1994 under the previous Kennett Government, it agreed to pay $597 million for its wagering and gaming licence for a period extending out 18 […]

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West Australian Newspapers shareholders get the short straw

Price at posting – $1.15 (ASX:SWM) Why are the interests of small shareholders often forgotten in the so called pursuit of financial progress? Today, many original shareholders in the previously listed West Australian Newspapers group, before it succumbed to Seven Media Group’s merge offer in February 2011, may be wishing that Kerry Stokes had never […]

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ResMed – making all the right moves

Price at posting – $3.30 (ASX – RMD) Sometimes looks can be deceiving. An investor studying the share price action of obstructive sleep apnea specialist ResMed would probably conclude that things have been tough of late. Since peaking in mid 2010 at close to $4.00 per share the company’s valuation has been heading south for […]

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