DOCSLIB.ORG

Solaris Core Australian Equity Fund (Performance Fee Option) (APIR: WHT0017AU) Monthly Investment Report As at 31 July 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Solaris Core Australian Equity Fund (Performance Fee Option) (APIR: WHT0017AU) Monthly Investment Report As at 31 July 2020 Solaris Core Australian Equity Fund (Performance Fee Option) (APIR: WHT0017AU) Monthly Investment Report as at 31 July 2020 Fund Performance The fund underperformed its benchmark for the month by 0.32%. Overweight holdings in Goodman Group, Northern Star Resources Ltd and Charter Hall Group and underweight positions in AMP Limited and Australia and New Zealand Banking Group Limited made a positive contribution to relative performance. The main detractors were overweight holdings in Aurizon Holdings Limited and Woodside Petroleum Limited together with underweight positions in Afterpay Limited, Newcrest Mining Limited and Fortescue Metals Group Ltd. Rolling 3 Years 5 Years 7 Years Since Inception p.a. Returns Month FYTD 1 Year Quarter p.a. p.a. p.a. (31/08/2012) Fund Gross Return^ 0.27% 6.38% 0.27% -12.25% 5.60% 6.05% 8.34% 10.22% Benchmark Return* 0.50% 7.62% 0.50% -9.87% 5.37% 5.15% 6.78% 9.40% Active Return -0.23% -1.24% -0.23% -2.38% 0.23% 0.90% 1.56% 0.82% Fund Net Return^ 0.19% 6.12% 0.19% -13.09% 4.58% 5.03% 7.30% 9.52% Benchmark Return* 0.50% 7.62% 0.50% -9.87% 5.37% 5.15% 6.78% 9.40% Active Return (After fees) -0.32% -1.50% -0.32% -3.23% -0.79% -0.12% 0.52% 0.12% ^ Performance is for the Solaris Core Australian Equity Fund (APIR: WHT0017AU), also referred to as Class C units, and is based on month end prices before tax. Net performance is calculated after management fees and operating costs, excluding taxation. Gross performance is stated excluding all fees, costs and taxation. This is historical performance data. It should be noted the value of an investment can rise and fall and past performance is not indicative of future performance. * Benchmark refers to the S&P/ASX 200 Accumulation Index. Significant Contributors Significant Detractors Northern Star Resources +15.7% Fortescue Metals Group Ltd +25.7% The gold mining company benefitted from the strength in the price The West Australian based iron ore producer experienced a positive of gold during the month (+10.3%), which remains in demand as a month supported by the strength in the price of iron ore. During the store of value given the large global stimulus in place due to the month management confirmed record iron ore shipment levels of uncertain economic backdrop. 47.3 million tonnes was reached during the June quarter, which was ahead of investors expectations. Goodman Group +14.0% The global industrial and logistics property owner, manager and Aurizon Holdings Limited -9.6% developer continued to benefit from demand for its logistics, The rail freight operator underperformed during the month due to fulfilment and industrial space. Sentiment in the sector remains weakness in the price of coal. Late in June the ACCC lodged an positive as demand from online sales supports demand for logistics application with the High Court to review the dismissal of an appeal infrastructure. that cleared the way for Aurizon to sell the Acacia Ridge Terminal to Pacific National. AMP Limited -21.0% AMP underperformed during the month after management released Newcrest Mining Limited +11.6% a profit warning and expect underlying profit for its retained The gold mining company headquartered in Melbourne, performed businesses of $140-150 million which was below investors’ strongly over the month assisted by the strength in the price of gold expectations. and positive operational performance with the production of 573,000 ounces of gold (up 7% on the prior quarter). Contact us 1300 010 311 [email protected] www.solariswealth.com.au 1 Solaris Core Australian Equity Fund 31 July 2020 Top 10 Stocks Name Sector BHP Group Limited Materials CSL Limited Health Care Commonwealth Bank of Australia Financials National Australia Bank Limited Financials Westpac Banking Corporation Financials Macquarie Group Limited Financials Telstra Corporation Limited Communication Services Rio Tinto Limited Materials Woolworths Group Limited Consumer Staples Goodman Group Real Estate Sector Allocation 9% 6% 3% 0% -3% -6% Active Weight Active -9% Energy Utilities Materials Financials Industrials Real Estate Real Health Care Health futures Consumer Staples Consumer Cash & Other including Other & Cash Information Technology Information Consumer Discretionary Consumer Communication Services Communication Market Valuation & Earnings Estimates: Market & Sector Market & Sector Market & Sector EPS Growth PE’s Dividend Yield Pro-rated to June FY20E FY21E FY22E FY20E FY21E FY22E FY20E FY21E FY22E All Companies -15.8% 2.3% 14.3% 19.2x 18.8x 16.4x 3.5% 3.5% 4.1% Banks -25.8% -0.7% 18.5% 13.6x 13.6x 11.5x 4.3% 4.4% 5.5% Listed Property Trusts -5.5% 1.3% 8.9% 14.0x 13.8x 12.7x 5.5% 5.9% 6.5% Resources -7.3% -2.2% 2.8% 15.2x 15.6x 15.2x 4.0% 3.5% 3.5% Industrials ex-Banks -14.0% 6.3% 17.8% 24.3x 22.9x 19.4x 3.1% 3.3% 3.8% Contact us 1300 010 311 [email protected] www.solariswealth.com.au 2 Solaris Core Australian Equity Fund 31 July 2020 Market Review The S&P/ASX 200 Accumulation Index rallied +0.5% over the month of July. After a positive start to the month the index faded away as the number of COVID-19 cases in Victoria began to surge and the associated movement and travel restrictions dampened hopes of a quicker than expected recovery. Global news of promising vaccine and treatment prospects supported sentiment through the month, even as the daily number of new cases globally remains high. The Australian dollar finished stronger (+3.5%), as did Gold (+10.3%) which is perceived as a hedge against uncertain macroeconomic and geopolitical conditions and Iron Ore (+7.9%) which was stronger due to supply constraints in Brazil. Over the month the top three moves within the S&P/ASX 200 Accumulation Index were Netwealth Group (+33.9%) which continued to received positive net inflows, ALS Limited (+29.4%) after management presented financial results to 30 June 2020 that were ahead of investor expectations and Orocobre (+28.6%) after management reported strong operating performance with the cash cost of sales at the lowest level achieved in three years. The bottom three performers were Avita Therapeutics (-32.6%) was impacted by a reduction in burns injuries in the United States, Adbri (-30.5%) announced that Alcoa Limited has elected to not renew a lime supply contract and AMP Limited (-21.0%) provided an updated on 1H 2020 results that was softer than investors’ expectations. S&P/ASX 200 Top & Bottom performing sectors for the month ending 31 July: The best performing sectors in the S&P/ASX200 Accumulation Index for the month were Consumer Durables & Apparel (+13.9%), Materials (+5.8%), Telecommunication Services (+5.2%), Software & Services (+4.6%) and Food & Staples Retailing (+4.3%). The worst performing sectors included Household & Personal Products (-9.6%), Real Estate Management & Development (-8.2%), Energy (-6.6%), Capital Goods (- 6.0%) and Pharmaceuticals & Biotechnology (-5.9%). S&P/ASX200 Top & Bottom performing stocks for the month ending 31 July: The top 5 performing stocks in the S&P/ASX200 Accumulation Index for the month were Netwealth Group Limited (+33.9%), ALS Limited (+29.4%), Orocobre Limited (+28.6%), Fortescue Metals Group (+25.7%) and Oz Minerals Limited (+24.4%). The bottom 5 performers included Avita Therapeutics Inc. (-32.6%), Adbri Limited (-30.5%), AMP Limited (-21.0%), Monadelphous Group Limited (-17.7%) and Ooh!Media Limited (-17.6%). Market Outlook As we approach company reporting season in August, the balance of risks for the market is beginning to look more fairly priced. The bargains that were plentiful in March are harder to find, while the optimism being priced into some sectors of the market are making pockets of high growth and technology focused companies look expensive. The consensus one year forward expected ‘Price to Earnings’ ratio for the market is elevated at 18.9x. This is due to two factors, firstly investors are factoring in a component of COVID-19 earnings impacts to be “one-off” in nature and secondly investors are factoring in lower discount rates which raises valuations. During the crisis many companies removed earnings guidance and we expect during reporting season they will be reluctant to provide forward guidance given the high degree of uncertainty. However, a lot of the hard work has already been done by corporates in suspending or cutting dividends and for the market we expect dividends to resume based on sensible payout ratios. The banking sector for example has been guided by APRA to maintain the payout ratio at below 50%. Although the risk of the virus spread in Australia remains elevated (particularly in Victoria and New South Wales), the improving virus management, the potential for a vaccine and the large economic stimulus in place has given investors’ confidence that corporates and households will be able to successfully ‘build a bridge’ through this period of uncertainty. We are focused on companies with strong balance sheets, strong market positions and strong management teams that will be able to see through this volatile period and take advantage of opportunities that arise in the future. We expect this environment will create significant opportunities for stock selection. Source: Solaris Investment Management, July 2020 Contact us 1300 010 311 [email protected] www.solariswealth.com.au 3 Solaris Core Australian Equity Fund 31 July 2020 Contact Details For further information, please contact Solaris’ distribution partner: Pinnacle Investment Management Limited on 1300 010 311, alternatively, please email: [email protected] Interests in the Solaris Core Australian Equity Fund (‘Fund’) (ARSN 128 859 898) are issued by Pinnacle Fund Services Limited, ABN 29 082 494 362, AFSL 238371, as responsible entity of the Fund.
Load more

Recommended publications
  • Socially Conscious Australian Equity Holdings
    Socially Conscious Australian Equity Holdings As at 30 June 2021 Country of Company domicile Weight COMMONWEALTH BANK OF AUSTRALIA AUSTRALIA 10.56% CSL LTD AUSTRALIA 8.46% AUST AND NZ BANKING GROUP AUSTRALIA 5.68% NATIONAL AUSTRALIA BANK LTD AUSTRALIA 5.32% WESTPAC BANKING CORP AUSTRALIA 5.08% TELSTRA CORP LTD AUSTRALIA 3.31% WOOLWORTHS GROUP LTD AUSTRALIA 2.93% FORTESCUE METALS GROUP LTD AUSTRALIA 2.80% TRANSURBAN GROUP AUSTRALIA 2.55% GOODMAN GROUP AUSTRALIA 2.34% WESFARMERS LTD AUSTRALIA 2.29% BRAMBLES LTD AUSTRALIA 1.85% COLES GROUP LTD AUSTRALIA 1.80% SUNCORP GROUP LTD AUSTRALIA 1.62% MACQUARIE GROUP LTD AUSTRALIA 1.54% JAMES HARDIE INDUSTRIES IRELAND 1.51% NEWCREST MINING LTD AUSTRALIA 1.45% SONIC HEALTHCARE LTD AUSTRALIA 1.44% MIRVAC GROUP AUSTRALIA 1.43% MAGELLAN FINANCIAL GROUP LTD AUSTRALIA 1.13% STOCKLAND AUSTRALIA 1.11% DEXUS AUSTRALIA 1.11% COMPUTERSHARE LTD AUSTRALIA 1.09% AMCOR PLC AUSTRALIA 1.02% ILUKA RESOURCES LTD AUSTRALIA 1.01% XERO LTD NEW ZEALAND 0.97% WISETECH GLOBAL LTD AUSTRALIA 0.92% SEEK LTD AUSTRALIA 0.88% SYDNEY AIRPORT AUSTRALIA 0.83% NINE ENTERTAINMENT CO HOLDINGS LIMITED AUSTRALIA 0.82% EAGERS AUTOMOTIVE LTD AUSTRALIA 0.82% RELIANCE WORLDWIDE CORP LTD UNITED STATES 0.80% SANDFIRE RESOURCES LTD AUSTRALIA 0.79% AFTERPAY LTD AUSTRALIA 0.79% CHARTER HALL GROUP AUSTRALIA 0.79% SCENTRE GROUP AUSTRALIA 0.79% ORORA LTD AUSTRALIA 0.75% ANSELL LTD AUSTRALIA 0.75% OZ MINERALS LTD AUSTRALIA 0.74% IGO LTD AUSTRALIA 0.71% GPT GROUP AUSTRALIA 0.69% Issued by Aware Super Pty Ltd (ABN 11 118 202 672, AFSL 293340) the trustee of Aware Super (ABN 53 226 460 365).
    [Show full text]
  • Full Year Results Presentation
    Dominic D Smith Senior Vice President & Company Secretary Aurizon Holdings Limited ABN 14 146 335 622 T +61 7 3019 9000 F +61 7 3019 2188 E [email protected] W aurizon.com.au Level 17, 175 Eagle Street Brisbane QLD 4000 GPO Box 456 Brisbane QLD 4001 ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000 19 August 2013 BY ELECTRONIC LODGEMENT Aurizon – Full year results presentation Please find attached for immediate release to the market the Company’s full year results presentation. The presentation will be delivered to an analyst and investor briefing which will commence at 10.30am (AEST). This briefing will be web-cast and accessible via the following link: http://www.media-server.com/m/p/pwt9z573. Yours faithfully Dominic D Smith SVP & Company Secretary FY2013 Results Presentation Lance Hockridge – Managing Director & CEO Keith Neate – EVP & CFO 19 August 2013 Important notice No Reliance on this document This document was prepared by Aurizon Holdings Limited (ACN 146 335 622) (referred to as ―Aurizon‖ which includes its related bodies corporate). Whilst Aurizon has endeavoured to ensure the accuracy of the information contained in this document at the date of publication, it may contain information that has not been independently verified. Aurizon makes no representation or warranty as to the accuracy, completeness or reliability of any of the information contained in this document. Document is a summary only This document contains information in a summary form only and does not purport to be complete and is qualified in its entirety by, and should be read in conjunction with, all of the information which Aurizon files with the Australian Securities Exchange.
    [Show full text]
  • The Mineral Industry of Australia in 2008
    2008 Minerals Yearbook AUSTRALIA U.S. Department of the Interior August 2010 U.S. Geological Survey THE MINERAL INDUS T RY OF AUS T RALIA By Pui-Kwan Tse Australia was one of the world’s leading mineral producing and the Brockman iron project in the Pilbara region of Western countries and ranked among the top 10 countries in the world Australia (Australian Bureau of Agricultural and Resource in the production of bauxite, coal, cobalt, copper, gem and Economics, 2009a). near-gem diamond, gold, iron ore, lithium, manganese ore, tantalum, and uranium. Since mid-2008, the global financial Minerals in the National Economy crisis had sharply weakened world economic activities, and the slowdown had been particularly pronounced in the developed Australia’s mining sector contributed more than $105 billion countries in the West. Emerging Asian economies were also to the country’s gross domestic product (GDP), or 7.7% of the adversely affected by the sharply weaker demand for exports GDP during fiscal year 2007-08. In 2008, the mining sector and tighter credit conditions. After a period of strong expansion, employed 173,900 people who worked directly in mining and an Australia’s economic growth decreased by 0.5% in the final additional 200,000 who were involved in supporting the mining quarter of 2008. Overall, Australia’s economy grew at a rate activities. Expectations of sustained levels of global demand for of 2.4% during 2008. During the past several years, owing to minerals led to increased production of minerals and metals in anticipated higher prices of mineral commodities in the world Australia, and the mineral industry was expected to continue markets, Australia’s mineral commodity output capacities to be a major contributor to the Australian economy in the next expanded rapidly.
    [Show full text]
  • Single Sector Funds Portfolio Holdings
    ! Mercer Funds Single Sector Funds Portfolio Holdings December 2020 welcome to brighter Mercer Australian Shares Fund Asset Name 4D MEDICAL LTD ECLIPX GROUP LIMITED OOH MEDIA LIMITED A2 MILK COMPANY ELDERS LTD OPTHEA LIMITED ABACUS PROPERTY GROUP ELECTRO OPTIC SYSTEMS HOLDINGS LTD ORICA LTD ACCENT GROUP LTD ELMO SOFTWARE LIMITED ORIGIN ENERGY LTD ADBRI LTD EMECO HOLDINGS LTD OROCOBRE LTD ADORE BEAUTY GROUP LTD EML PAYMENTS LTD ORORA LTD AFTERPAY LTD ESTIA HEALTH LIMITED OZ MINERALS LTD AGL ENERGY LTD EVENT HOSPITALITY AND ENTERTAINMENT PACT GROUP HOLDINGS LTD ALKANE RESOURCES LTD EVOLUTION MINING LTD PARADIGM BIOPHARMACEUTICALS LTD ALS LIMITED FISHER & PAYKEL HEALTHCARE CORP LTD PENDAL GROUP LTD ALTIUM LTD FLETCHER BUILDING LTD PERENTI GLOBAL LTD ALUMINA LTD FLIGHT CENTRE TRAVEL GROUP LTD PERPETUAL LTD AMA GROUP LTD FORTESCUE METALS GROUP LTD PERSEUS MINING LTD AMCOR PLC FREEDOM FOODS GROUP LIMITED PHOSLOCK ENVIRONMENTAL TECHNOLOGIES AMP LTD G8 EDUCATION LTD PILBARA MINERALS LTD AMPOL LTD GALAXY RESOURCES LTD PINNACLE INVESTMENT MANAGEMENT GRP LTD ANSELL LTD GDI PROPERTY GROUP PLATINUM INVESTMENT MANAGEMENT LTD APA GROUP GENWORTH MORTGAGE INSRNC AUSTRALIA LTD POINTSBET HOLDINGS LTD APPEN LIMITED GOLD ROAD RESOURCES LTD POLYNOVO LIMITED ARB CORPORATION GOODMAN GROUP PTY LTD PREMIER INVESTMENTS LTD ARDENT LEISURE GROUP GPT GROUP PRO MEDICUS LTD ARENA REIT GRAINCORP LTD QANTAS AIRWAYS LTD ARISTOCRAT LEISURE LTD GROWTHPOINT PROPERTIES AUSTRALIA LTD QBE INSURANCE GROUP LTD ASALEO CARE LIMITED GUD HOLDINGS LTD QUBE HOLDINGS LIMITED ASX LTD
    [Show full text]
  • Iron Giants Go Separate Lithium Ways
    Iron giants go separate lithium ways If you look at the latest operational report out this week from global mining major Rio Tinto, it lists its Jadar lithium and borates project in Serbia as being one of its slate of early-stage projects. Indeed, the coverage of the report by the Australian Financial Review concluded with the remark that, of all Rio’s new project line-up, Jadar was far and away the most exciting. Two days later, The Australian newspaper reports that a near neighbour of Rio and also mining iron ore in the Pilbara region of Western Australia, Fortescue Metals Group (FMG), has decided to pass on lithium. The point the company makes is that FMG wants to spend its money reducing costs in its production and shipping of iron ore, not on breaking into new sectors. This shows the difference between the two companies, and their separate approaches to lithium does not reflect on lithium itself, but is explained by the size and purpose of each company. Rio is by far the larger, and in addition to iron ore it is involved in titanium, coal (both coking and thermal), copper and aluminium. In other words, it is a diversified operation and equipped to handle several sectors at once. Fortescue is an iron ore company, with that primary focus. So, as The Australian reports Thursday, “rather than chase up the lithium potential of the iron ore group’s leases in the Pilbara, Fortescue has decided to parcel up the lithium exploration rights and sell them off“. The Fortescue ground is in the same area as a project who owner claims to have one of the world’s largest hard rock sources of lithium, 120km south of the huge Port Hedland iron ore export operation.
    [Show full text]
  • Promises, Pathways & Performance
    PROMISES, PATHWAYS & PERFORMANCE Climate change disclosure in the ASX200 September 2020 ABOUT ACSI Established in 2001, ACSI provides a strong, collective voice on environmental, social and governance (ESG) issues on behalf of 37 Australian & international investors our members. Our members include 37 Australian and international asset owners and institutional investors. Collectively, they own on average 10 Leading voice on ESG issues and per cent of every ASX200 company. Our advocacy members believe that ESG risks and opportunities have a material impact on investment outcomes. Together, ACSI members own around As fiduciary investors, they have a responsibility 10% of every ASX200 company to act to enhance the long-term value of the savings entrusted to them. Through ACSI, our members collaborate to achieve genuine, measurable and permanent improvements in the ESG practices and performance of the companies they invest in. We undertake a year-round program of research, engagement, advocacy and voting advice. These activities provide a solid basis for our members to exercise their ownership rights. We also offer additional consulting services including: ESG and related policy development; analysis of service providers, fund managers and ESG data; and disclosure advice. CLIMATE REPORTING IN ASX200 COMPANIES: SEPTEMBER 2020 2 TABLE OF CONTENTS Introduction .................................................................................................................................................... 4 Key findings ..............................................................................................................................................
    [Show full text]
  • Dow Jones Sustainability Australia Index
    Effective as of 23 September 2019 Dow Jones Sustainability Australia Index Company Country Industry Group Comment Australia & New Zealand Banking Group Ltd Australia Banks National Australia Bank Ltd Australia Banks Westpac Banking Corp Australia Banks CIMIC Group Ltd Australia Capital Goods Brambles Ltd Australia Commercial & Professional Services Downer EDI Ltd Australia Commercial & Professional Services Addition Star Entertainment Grp Ltd Australia Consumer Services Tabcorp Holdings Ltd Australia Consumer Services Janus Henderson Group PLC United Kingdom Diversified Financials Macquarie Group Ltd Australia Diversified Financials Oil Search Ltd Australia Energy Woodside Petroleum Ltd Australia Energy Coles Group Ltd Australia Food & Staples Retailing Fisher & Paykel Healthcare Corp Ltd New Zealand Health Care Equipment & Services Asaleo Care Ltd Australia Household & Personal Products Insurance Australia Group Ltd Australia Insurance QBE Insurance Group Ltd Australia Insurance BHP Group Ltd Australia Materials Boral Ltd Australia Materials Addition Evolution Mining Ltd Australia Materials Addition Fletcher Building Ltd New Zealand Materials Addition Fortescue Metals Group Ltd Australia Materials Iluka Resources Ltd Australia Materials Incitec Pivot Ltd Australia Materials Independence Group NL Australia Materials Addition Newcrest Mining Ltd Australia Materials Orica Ltd Australia Materials Orocobre Ltd Australia Materials Rio Tinto Ltd Australia Materials Sims Metal Management Ltd Australia Materials South32 Ltd Australia Materials
    [Show full text]
  • Dimensional International Core Equity Market ETF SCHEDULE of INVESTMENTS April 30, 2021 (Unaudited)
    Dimensional International Core Equity Market ETF SCHEDULE OF INVESTMENTS April 30, 2021 (Unaudited) Security Description Shares Fair Value ($) COMMON STOCKS (98.4%) AUSTRALIA (6.7%) 5G Networks, Ltd. 40 37 *A2B Australia, Ltd. 92 91 Accent Group, Ltd. 272 618 Adairs, Ltd. 92 330 Adbri, Ltd. 288 716 *Advance NanoTek, Ltd. 16 48 *Aeris Resources, Ltd. 1,048 81 *Afterpay, Ltd. 1,438 130,684 AGL Energy, Ltd. 14,736 101,649 #*»Alkane Resources, Ltd. 276 157 *Alliance Aviation Services, Ltd. 368 1,194 ALS, Ltd. 11,346 92,375 Altium, Ltd. 1,925 44,089 Alumina, Ltd. 4,497 6,009 *AMA Group, Ltd. 1,351 579 Ampol, Ltd. 3,655 72,249 Ansell, Ltd. 2,657 86,735 APA Group 19,887 154,078 Appen, Ltd. 1,204 14,564 ARB Corp., Ltd. 40 1,209 *Ardent Leisure Group, Ltd. 420 281 Aristocrat Leisure, Ltd. 8,793 252,465 *Artemis Resources, Ltd. 496 44 Asaleo Care, Ltd. 260 283 ASX, Ltd. 2,886 162,694 Atlas Arteria, Ltd. 18,915 88,250 AUB Group, Ltd. 109 1,718 Aurelia Metals, Ltd. 8,745 2,837 Aurizon Holdings, Ltd. 41,513 120,250 AusNet services 1,164 1,704 Austal, Ltd. 264 492 Austin Engineering, Ltd. 396 44 Australia & New Zealand Banking Group, Ltd. 35,542 789,041 *Australian Agricultural Co., Ltd. 990 879 Australian Ethical Investment, Ltd. 56 378 Australian Finance Group, Ltd. 965 2,102 Australian Pharmaceutical Industries, Ltd. 1,902 1,741 Australian Vintage, Ltd. 136 78 Auswide Bank, Ltd. 45 223 #Ava Risk Group, Ltd.
    [Show full text]
  • Deloitte WA Index 2021 Diggers & Dealers Special Edition
    Deloitte WA Index 2021 Diggers & Dealers Special Edition A review of Western Australian companies listed on the Australian Securities Exchange 1 Deloitte WA Index 2021 | Diggers & Dealers Special Edition 2 Deloitte WA Index 2021 | Diggers & Dealers Special Edition Contents Executive summary 4 Deloitte WA Index Top Movers 2021 6 Commodity review 13 Celebrating 30 years – Congratulations to Diggers & Dealers 21 Lithium and the shift to renewables and electric vehicles 23 WA Index Q&A with Peter Bradford, Managing Director and CEO, IGO 26 Does it pay to play it clean? 28 WA’s top 100 listed companies 31 Contact us 34 3 Deloitte WA Index 2021 | Diggers & Dealers Special Edition Executive summary Welcome to the 2021 Diggers & Dealers edition of the Deloitte WA Index. This year the market capitalisation of Western Australian listed entities closed at AU$293.9 billion, increasing a staggering 46% from 12-months prior. This year’s WA Index performance has iron ore, as well as battery-associated markets achieved growth this year, again been a standout on so many fronts. The metals with more environmentally the WA Index outperformed the broader market capitalisation growth highlights conscious applications. ASX All Ordinaries, US S&P 500, FTSE 100 a buoyant economic recovery from the and the Nikkei 225 through the year to 30 initial shocks of the COVID-19 pandemic, Our weighting to the commodity price June 2021. with the comeback clearly aided by the upswing has seen Western Australian strength of commodity prices, particularly companies fair well,
    [Show full text]
  • Premier Mining Industry Practice
    Premier Mining Industry Practice “They go to great lengths to understand your industry, business and specific objectives . so the advice you get it is fit for purpose. It’s not cookie cutter, and as a client that is extremely valuable.” CLIENT QUOTED IN CHAMBERS UK, 2014 NATURAL RESOURCES “Sullivan is our firm of choice – they are terrific, time after time. The work is of a very high quality, and they understand our commercial intentions as well as the legal issues.” CLIENT QUOTED IN CHAMBERS USA, 2013 “The partners ‘are detail oriented, efficient and they think strategically’. ‘Their legal expertise is absolutely first rate but equally or more valuable is their general industry/business advice and suggestions on how to tackle issues.” LEGAL 500 LATIN AMERICA, 2013 Mining and Metals &C’s presence in the mining and metals sector is Sunrivaled. We continue to be the firm of choice for structurally complex, market-opening and precedent-setting deals. Our practice is not confined to working with major mining companies, and we frequently apply our expertise to benefit junior mining companies in their growth initiatives, as well as strategic and alternative investors and lenders and underwriters to the industry. We have particular expertise in challenging emerging markets. Our multi-disciplinary approach ensures that clients benefit from our industry experience in each of our core practice areas. OUR CORE Mergers & Acquisitions and Joint Ventures PRACTICE AREAS Project Development and Finance Capital Markets, Leveraged Finance & Lending Private Equity Restructuring Commodities, Futures & Derivatives Tax Sanctions and Trade Disputes and Investigations 2 The Firm’s standing in the industry is reflected in the number of major mining and metals companies and other active industry participants that it has represented, both directly and in consortia, including: Alumina Kinross Gold Corp.
    [Show full text]
  • Aurizons-Iron-Ore-Business.Pdf
    Dominic D Smith Senior Vice President & Company Secretary Aurizon Holdings Limited ABN 14 146 335 622 T +61 7 3019 9000 F +61 7 3019 2188 E [email protected] W aurizon.com.au Level 17, 175 Eagle Street Brisbane QLD 4000 GPO Box 456 Brisbane QLD 4001 ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000 29 October 2013 BY ELECTRONIC LODGEMENT Aurizon analyst and investor presentation Please find attached an analyst and investor presentation for immediate release to the market. The presentation will be made in Western Australia at approximately 8.00am (AWST) / 11.00am (AEDT). Yours faithfully Dominic D Smith SVP & Company Secretary Aurizon’ s Iron Ore Business October 2013 Important notice No Reliance on this document This document was prepared by Aurizon Holdings Limited (ACN 146 335 622) (referred to as “Aurizon” which includes its related bodies corporate) . Whilst Aurizon has endeavoured to ensure the accuracy of the information contained in this document at the date of publication, it may contain information that has not been independently verified. Aurizon makes no representation or warranty as to the accuracy, completeness or reliability of any of the information contained in this document. Document is a summary only This document contains information in a summary form only and does not purport to be complete and is qualified in its entirety by, and should be read in conjunction with, all of the information which Aurizon files with the Australian Securities Exchange. Any information or opinions expressed in this document are subject to change without notice. Aurizon is not under any obligation to update or keep current the infinformationormation contained within this document.
    [Show full text]
  • Annual Report, Including the Financial Report, for the Year Ended 30 June 2018
    APPENDIX 4E For the year ended 30 June 2018 This information should be read in conjunction with Fortescue’s Annual Report, including the Financial Report, for the year ended 30 June 2018. Name of entity Fortescue Metals Group Limited ABN 57 002 594 872 Results for announcement to the market US$ million Revenue from ordinary activities down 18% to 6,887 Profit from ordinary activities after tax attributable to members down 58% to 879 Net profit attributable to members down 58% to 879 Amount Franked amount Dividends per security per security Financial year ended 30 June 2018: Interim – ordinary A$0.11 A$0.11 Final – ordinary A$0.12 A$0.12 Previous corresponding period: Interim – ordinary A$0.20 A$0.20 Final – ordinary A$0.25 A$0.25 Ex-dividend date of final dividend 31 August 2018 Record date of final dividend 3 September 2018 Payment date of final dividend 2 October 2018 Dividend Reinvestment Plan Net tangible asset backing The Company operates a Dividend Reinvestment Plan (the Plan) which Net tangible asset backing per ordinary shares: US$3.12 (previous allows eligible shareholders to elect to invest dividends in ordinary corresponding period: US$3.12). shares which rank equally with the ordinary shares of the Company. The allocation price for shares under the Plan will be calculated as the average Previous corresponding period of the daily volume weighted average market price of all Fortescue shares traded on the Australian Securities Exchange during the period of ten The previous corresponding period is the 12 months ended 30 June 2017.
    [Show full text]