Mirrabooka Investments has posted a healthy 22.8 per cent return for the year to June thanks to
improving share prices of companies including James Hardie, Equity Trustees and iProperty Group.
Not exact matches
Stockbroker and funds manager Euroz has beaten expectations for its interim profit result, which was achieved on the back
of an
improved performance
of its Euroz Securities business and increase in the
share prices of its listed investment
companies.
Polman sides with those who argue that the tyranny
of quarterly goals traps public
companies into continually trying to drive up
share prices for investors, while downgrading more long - term, complicated missions, like
improving working conditions and the environment.
Examples
of such projects providing marginal benefits are:
improving financial reporting systems through better information technology, minor tweaks to supply chain logistics, cutting back on marketing or increasing low - cost advertising (like social media), «rationalization»
of head count, holding average wages as low as possible, squeezing suppliers a little bit, not repatriating earnings to stave off taxation, refinancing rather than retiring debts, and the
share buyback that is insensitive to a
company's current stock
price.
Options give an employee the right to buy
shares of a
company at some future time at a
price specified in the option, thereby providing workers an incentive to
improve performance and raise the stock
price.
Numerous academic studies have shown that an analyst initiating coverage
of a stock pushes
share prices higher, in part by
improving investor recognition
of the
company and increasing its liquidity.
The portfolio managers look to buy reasonably
priced shares of companies based on expectations
of both
improving returns, such as
companies with new management teams, and sustainable returns, such as
companies that have enduring competitive advantages.