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Latest Blogs
By David Press on
4/8/2013 9:58 PM
Since leaving the bustling world of banking in London, I have settled into a new role as Operations/Project manager at our family owned and run women's clothing stores (boutiques), Blooms of East Fremantle and One White Orchid. It's been an amazing change and something I have thoroughly enjoyed...all the more because the changes we are making within our businesses are coming off with alarming success.
Whilst still small businesses, the growth we have experienced since moving to a multi channel business model, embracing social media marketing, SEM and SEO, has been nothing short of amazing. More importantly, and perhaps the strongest evidence of this success, is the increased engagement and satisfaction our customers are experiencing. In a world where consumers who don't require service are moving to online purchases, and those who do require service are not finding it at the department stores, our focus on customer service and engagement has been pivotal to our success to date. ...
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By David Press on
10/22/2012 5:07 PM
As the title suggests, after years of hope, a global financial crisis and a change in management, Strike Energy ( ASX-STX) is finally on the verge of realising the potential in its assets. Long term holders have lasted the challenges presented in recent years and will finally have the opportunity to participate in what could be, company changing developments.
Having sold off it's producing Rayburn and Mesquite fields for just under $100m late last year, and raising circa $40m from shareholders this last financial year, Strike are attempting to develop two company making unconventional oil and gas plays. They currently use revenue from their Louise Field and Clearfork wells production, in the Permian Basin (Texas), to fund day to day operations, while actively putting the proceeds...
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By David Press on
3/8/2012 8:04 AM
Some say change is like a holiday, however given my last 18 months or so, I can comfortably say a good long holiday will bring about just as much change. Having spent 6 months backpacking and skiing the alps of Western and Eastern Europe, then settling back into life in London and a job in one of the worlds largest and most infamous investment banks, I'm now back to sunny old Australia and a very different life/career indeed.
Thankfully my passion for investment hasn't changed in any way, meaning it was only a matter of time until I started sharing my views on this site again. An awful lot has happened in the time I was away, with the companies I follow having their up's and down's, as we have come to expect post the GFC. Highlights include some very strong profits on Maverick Drilling (MAD) which we have held for some time now (although we have now exited), strong performance from Hansen Technologies (HSN) and the continued strong operational performance of the Nick Scali Group...
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By David Press on
6/2/2011 9:38 PM
Hansen Technologies Ltd's ( HSN-ASX) management team announced significant profit upgrades for the 2011 financial year earlier this week, which has prompted me to update my analysis of the company which should make for some interesting reading.
Hansen this week revealed internal expectations for full year EBITDA of approximately $19.5m on revenues of around $57m, and an EBIT of approximately $17m. Based on an estimated tax rate of around 22% (a little conservative and may come in slightly lower), I'm anticipating a NPAT somewhere in the $13m region, a very impressive 20% increase on last years results.
As I wrote in my last blog on Hansen Technologies, the company's revenues have been hit by the persistently high value of the Australian dollar, mostly...
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By David Press on
5/20/2011 8:12 PM
Having eagerly followed LinkedIn's IPO and first trading day, I can't seem to shake that strange feeling of deja vu. LinkedIn shares traded as high as $122.70, closing at $94.25, a whopping 109% premium to the company's listing price of $45 per share on the NYSE. It's certainly not the first time a company's first trading day has created a frenzy and pushed shares significantly higher...but the thing that worries me are the all too familiar parallels to the late 1990's early 2000's dotcom boom and bust.
According to Bloomberg, at the close, LinkedIn was valued at $8.91 billion dollars, some 24 times 2011 revenue (annualised from first quarter revenue figures). Should common sense prevail, I feel there may very well be some punters walking away from LinkedIn a little lighter...
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Tools
Are you new to investing and don't know which broker to go with? Or perhaps your just looking for a change in brokers.
We've made it easier for you with a list of Australian online brokers and the services they offer. Whether your a first time investor or an experienced frequent trader, one or more of the options below should be able to satisfy your broking requirements.
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Wiki
Looking for investment terms and meanings? Look no further than the YourWealthWatch Wiki.
We are amassing a large glossary of terms covering investing, banking, trading, forex and much more. No longer will you look confused when your friends next start discussing the pro's and con's of the Darvas Box Theory!
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Search Cloud
New Articles
Article by David Press (B.Comm)
03/06/2010
Offset accounts are nothing new to banking, however it still surprises me to see how many people with home loans still do not know what an offset account is or how it works. Before explaining the key benefits, I'll explain how the offset account works and then we'll look at why you potentially should have one. Read On...
Article by David Press (B.Comm)
17/01/2010
That is the question many are now pondering as equities have come off their March 09 lows and rebounded over 50%, making many of the top companies in the ASX look to be at fair value or even expensive based on current price earnings ratios...Read on
Article by David Press (B.Comm)
21/10/2009
Whilst outsourcing tasks has become a fantastic way to increase efficiency and effectiveness in business' of all sizes, the small to medium enterprise owner must remain careful not too outsource the wrong tasks or roles. All too often the roles which produce income are that of an employee or are outsourced, leaving the owner/manager in a back office completing unproductive tasks... Read on
Article by David Press (B.Comm)
Do you have a transaction account, a savings account and a credit card? Are you using them to their full potential? In this article I'll outline a simple and effective transactional banking strategy that could maximise the earnings on your savings and help you achieve the goals you are saving for even faster. Read on...
Article by David Press (B.Comm)
In a time when rates are sitting at 50 year lows, the major decision for most is whether to fix their lending rates or remain exposed to interest rate changes. However there is an ever growing percentage of our society who has another side of interest rate choices on their mind. As our population ages, more and more will be less concerned with mortgage rates as they are with term deposit and cash interest rates in which a large amount of their retirement income is derived... read on
Article by David Press (B.Comm)
Whether you’re a professional or not, ‘professional packages’ offered by the big four banks (and other institutions) are a fantastic opportunity to make some real savings on your banking fees, interest charges and insurance premiums... read on
Article by David Press (B.Comm)
The power of fear and greed in the market has been as evident as ever through the last five or six years in which we have seen a sustained bull run, largely due to the growth of China and demand for commodities in which almost any stock proved a winner, followed by the rapid collapse in which virtually no stock was spared the wrath of a worldwide credit crunch and failed financial markets. Read on...
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