Let’s cut through the BREXIT chatter and look at the numbers, stages, themes, triggers, turning points, what’s next, and what themes are dismissing Brexit entirely?

Here are the Leaders and losers post-Brexit vote. 

The ASX has split the Australian investment community with their proposed changes to Initial Public Offerings (IPOs). There are several hurdles that companies face to get on the ASX via the IPO process.

The ASX has split the Australian investment community with their proposed changes to Initial Public Offerings (IPOs).

In this edition of Market Update Christopher Hall reviews Graphite & Lithium companies, Oil & Gas Services and Mining Service Companies.  

Green-Tech shares rank number 1,2 and 3 all up 40% in two weeks.

BHP and RIO: “Bottom line is I think there are higher-quality businesses to invest in” says seasoned fund manager Ronni Chalmers, Chief Investment Officer, CBG Capital Limited (CBC).

Wilson Asset Management are bringing another Listed Investment Company (LIC) to the ASX, WAM Leaders (WLE).

The market has already priced in a dividend drop from ANZ with their share price down -32% over the last year. Next week NAB and WBC will announce whether their dividends drop or not, along with the official announcement from ANZ.

The gems in the gold sector on the ASX are up 250%+ over the last three months. Some professional fund managers have been riding this wave successfully, especially those invested in Troy Resources (TRY).

The market bounced up +5.3% this last fortnight, but the strongest shares have been mining companies, namely Tin and Lithium Battery related resources. These companies have run rings around everything else, some up 100%+ in the same time.

The share market offers us endless investment opportunities which means there will always be winners and losers.

Cracks are beginning to show in a favourite group of shares many Australian investors flock to for dividend security – the Real Estate Investment Trusts, or REITs.

 Real Estate Investment Trusts (REITs) are a favourite for long term Aussie investors. REITs are popular for two main reasons:

With the market down -2.1% this last fortnight, the strongest Market Leaders are up almost 110% this month, and 20% just this fortnight.

This fortnight has been a lot less impressive with individual share performances than last fortnight, however.

• Index ETF vs Fully Invested Manager vs Cash-Flexible LIC – the difference comes down to their investment rules
• LIC’s top stock picks and strategic investments – have a set of rules that allows them to stray from the market’s heavy-weights
• Why we pay Active Managers to hold 30%+ cash – it is a strategic and defensive play for them
• The common theme for most LIC’s was to steer clear of mining stocks – however some are seeing new opportunities in this sector

The Australian share market has fallen over the last six months, and been choppy, or volatile along the way. While cash in the bank has beaten the share market (and index based ETFs), Active Managers (LICs) have made record profits with a strong 2015, but how much of that performance was because they held cash?

With the market up 3.83% this last fortnight, some of the Market Leaders up over 70%.

The share market offers us endless investment opportunities which means there will always be winners and losers.

The leaders this week are dominated by some of the worst shares over the last year and the reverse is true for the weakest companies this fortnight.

• Reporting Season Wrap-up;
• Expected RBA Cash-movements for the year ahead;
• Energy Sector leading the ASX this week;
• Big Four Banks Pulled the market higher along with BHP and RIO;
• Small gold companies you, woulda, coulda, shoulda had; and
• The leading themes that are really powering the ASX

With the market up 2.44% this last fortnight, some of the Market Leaders up over 35% or more.

• The three key lessons from Reporting Season and what aspect is the worst since the GFC;
• Industrials sector leading the ASX through Reporting Season;
• Big Four Banks dragged the market down this week, only to be out-paced by the Australian Grocers as the weakest performers;
• Mid-caps reign supreme; a list of the Market Darlings and small gold companies you, woulda, coulda, shoulda had; and
• The leading themes on the ASX to look for; inverse oil exposure; Consumer Discretionary – domestic entertainment, gold and the narrowed field of Tech-leaders that are really powering the market

The last fortnight has been Reporting Season on the ASX which creates a lot of share-specific news.

Trac Group have brought the most innovative development to roofing in decades. Under its Tractile brand, Trac Group is bringing to market a replacement product that incorporates renewable energy into the roof tile itself.

• Reporting Season leaves the ASX to dance to the beat of its own drum – we are midway through
• Are opportunities reappearing in the Materials (mining) sector
• Australian market rose this week, there is little surprise that Utilities are amongst the weakest performers.
• Mid-caps reign supreme; the Market Darlings like SBM you, woulda, coulda, shoulda had
• The themes to look for; inverse oil exposure; Consumer Discretionary; Retirement and Food related are really powering the market

 Summary:

Economy and Indices

With the market down -3.48% this last fortnight, some of the Market Leaders up over 50% or more.

Which active managers (LICs) are leading the ASX and why? The LIC Tear-Down.

The Australian and US markets were down slightly this week (at the time of writing) after seeing wide trading ranges (volatility).

An anomaly has occurred within the Blue chips on the ASX over this last fortnight.

Economy and Indices