Chanticleer
Simpler, predictable earnings this year’s equity market story
Fewer shocks and more bankable businesses, that’s what is in fashion with investors this year. The list of companies trying to dish it up is growing.
One of the year’s big themes in Australian equity capital markets is the quest for earnings simplicity.
Fund managers don’t want too many moving parts. They don’t want sprawling empires, they don’t want different divisions inside the one company moving at different paces, they don’t want good money in one business topping up bad money in another.
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