Know what you own, and why you own it.
At Seneca, we invest in high quality, growing businesses at reasonable prices, for the long term. We make investment decisions based on data, evidence, incentives and experience. We value simplicity, transparency and consistency and like to invest alongside people with similar priorities.
The CSR Limited (ASX: CSR) share price has snapped back from a recent decline. CSR manufactures and distributes building products in Australia and New Zealand.
Spun out of BHP Group Ltd (ASX:BHP), Bluescope Steel Limited (ASX:BSL) flies under the radar of many Australian investors focused on the major miners and banks.
Here are 5 things the Seneca investment team looks at when assessing the associated investor presentations, trading updates and profit upgrades/downgrades.
The National Australia Bank Ltd (ASX: NAB) share price tumbled down 6.5% after releasing its result this morning. The other banks ANZ Banking Group (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) all down over 3% in sympathy.
The Amcor CDI (ASX: AMC) share price sold off 10% on Wednesday after downgrading guidance. Amcor shares slide.
The Resmed CDI (ASX:RMD) share price bounced 6.5% higher today following the release of its Q3 results. Resmed and CSL Limited (ASX:CSL) seem good value relative to Cochlear Limited (ASX:COH).
Andrew “Twiggy” Forrest’s entity Wyloo Metals recently launched a $760 million takeover bid for Mincor Resources NL (ASX: MCR). Who’s next?
Resmed CDI (ASX:RMD) shares and the Monash IVF Group Ltd (ASX:MVF) share price look very tempting at these prices, writes Seneca’s Luke Laretive.
If you care about investing in ASX shares with high returns on capital (CFROIC), Breville Group Ltd (ASX: BRG), James Hardie Industries (ASX: JHX) and Credit Corp Group Ltd (ASX: CCP) should be at the top of your watchlist.
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