October 2017

This investment commentary contains four articles:
  • Quarter in review
  • Don’t bank on those dividends
  • Equities versus bonds?
  • Super cheap Boom

We first summarise the previous quarter. We then question why a company might raise capital when it can just stop paying a dividend in “Don’t bank on those dividends”. We then use Benjamin Graham’s Margin of Safety approach to consider the relative investment merits of equities versus bonds. Finally, we use Boom Logistics as an example of the potential remaining in our mining services investments.

 

 

Disclaimer: The following commentaries represent only the opinions of the authors. Any views expressed are provided for information purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest. All material presented is believed to be reliable but we cannot attest to its accuracy. Opinions expressed in these reports may change without prior notice. Castle Point Funds may or may not have investments in any of the securities mentioned.

Product disclosure statements, issued by Castle Point Funds Management Limited, can be found at www.castlepointfunds.com/investor-documents.