2 global thematics looking attractive now

Livewire Equities

Livewire

At the recent investor presentation, Paul Moore, Chief Investment Officer at PM CAPITAL, identified two themes that they’ve been buying into recently. After falling around 60% from peak to trough, alternative investment managers are now offering double digits dividend yields. “When we did the valuation, it looked like [markets] were assuming no performance fees - forever.” The other theme he identified was casinos in Macau. After falling 60-80%, he thinks the Macau casinos are now at an inflection point. Both these ideas meet their requirements of simple businesses with simple ideas. “Once you’ve done the research, if you’ve done it properly, you’ll be able to write the investment thesis on the back on an envelope.”


2 topics

Livewire Equities
Livewire Equities
Livewire

The Livewire Equities feed brings you a range of insights that relate to Australian equities

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment