Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Friday, 25 November 2016

Another value stock crushed

Crazy times and wild valuations for global stocks.

In October the beleaguered FTSE 100 ran all the way up to nearly 7100 in the face of a dire referendum result. 

This week alone we have seen:

  • S&P at all-time high
  • Dow Jones at all-time high
  • Russell 2000 at all-time high
  • NASDAQ hit all-time high
  • Mid Cap 400 at all-time high

Of course, this will end in tears eventually. 

And yet with resources earnings having been crushed Australian stocks remain miles below their pre-financial crisis peaks, even nearly a decade on. 

Even now valuations aren't particularly appealing. 

Despite interest rates stuck at record lows Aussie share markets remain remarkably jumpy. 

Time and again popular value stocks are being smoked for reporting anything out of step in guidance or trading updates.

Last week it was iSentia's (ASX:ISD) turn, reporting in a trading update that its August 2015 Content Marketing acquisition King Content would rack up a unwelcome EBITDA loss of ~$2m in FY17 H1.

The market crucified it. 

Share price annihilated, now down to $2.50 from a 52-week high of $4.95.

Source: ASX 

Just one example of many.