February 1, 2019

Macmahon Holdings is a mining services contractor. During the 2018 financial year they generated revenue of over $700 million, almost double from FY2017. They have forecast over $950 million for FY2019. EBIT was over $41 million (FY2017) and they project $70-$80 million for FY2019.

January 25, 2019

Volatility is a frightening word to many investors and many of you will no doubt say that you have seen enough of that lately. We agree, insofar as providing a smooth investment journey to our shareholders is important to us, but we also know how to make a bit of hay when the sun shines.

December 7, 2018

Within Australian equities, investors may choose between large caps or small caps. In the long term, large caps grow at, or around, GDP and are generally heavily weighted with financial and material stocks (see the graphs below). This does not provide sufficient diversification for most investors.

November 30, 2018

Alliance Aviation, Afterpay Touch and Stanmore Coal

November 23, 2018

We visited the management of Macmahon Holdings (ASX:MAH) in Perth this week. It is one of GC1’s largest holdings and in the wake of some downgrades in the sector and chatter about union disruption, labour and equipment tightness we though it prudent to see how they are viewing current conditions.

September 21, 2018

Australian small and micro-cap stocks are a vital part of a diversified share portfolio. There are advantages to investing outside Australia’s top 100 companies

August 31, 2018

ne of three listed credit collection agencies, Pioneer is the newest and, until recently, the smallest (it has recently surpassed stalwart Collection House (ASX:CLH) by market cap). It has brought a clean reporting standard and claims of a higher quality debt purchasing benchmark. The proof will turn out over time (or not) as we see the longer-term collection success rates, but so far, so good.

August 24, 2018

CML and Lovissa update

August 24, 2018

Last week we reported that Independent Investment Research (IIR) named Glennon Small Companies Limited (GC1) as the best performer over the year to 30 July 2018.

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Phone: (02) 8027 1000


PO Box R281,

Royal Exchange

NSW, 1225


Level 17

25 Bligh Street

Sydney NSW 2000

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