Data Diary

Every quarter we run our state of the art filter over the industry sectors that trade on the ASX. It relies pretty heavily on the art part, but anyway the objective is to contrast valuations with earnings expectations to get a sense of where the sectoral opportunities might lie.  The following chart summarises the results: [...]

What to make of the following charts that map out the relative performance of the ASX200 financials (XXJ) and ASX200 A-REITS (XPJ) across the last decade (as described by their respective 50 day and 200 day moving averages)? Interesting.  The two indices paced each other to the market top in 2007.  From there, the financials [...]

Following on from our previous reflections on fair value for the All Ordinaries (find it here)… Log charts are a misunderstood lot. For a start there’s a certain mystery just cause logarithm is a four syllable word. Also, they’re something of a party pooper – flattening the good-times exponential as they do. Still, when looking [...]

In October, we had a look at Goldman Sachs earnings forecasts for the S&P500 (Giving lemmings a bad name).  Figured it was about time that we had an update: The changes on 2010 forecasts – allowing for the fact that the numbers don’t add up (rounding errors presumably)? Energy -$3 Information technology +$1 Health Care [...]

Two useful contributions to the global information glut last week. The first being the documentation coming out of BHP’s AGM. The second a report published by the European Chamber of Commerce on “Overcapacity in China“. So to BHP, the world’s 11th largest company by market capitalisation (at least last Thursday).  This is a company at [...]

Getting back to my ruminations of a couple of days ago – want to explore the world of BHP a little more. BHP – broker consensus has it a BUY? While some naysayers in the broker community have deemed BHP a ‘Hold’, the majority of the professional pundits rate it a ‘Buy’.  The investment thesis [...]