Insights

Insights

Why Afterpay will always be the buy now, pay later king

Posted by Anton Murray Consulting on . Posted in Market Commentary

Yahoo!

The Afterpay Touch Group Ltd (ASX: APT) share price has found its stride again and is up nearly 25% in less than 2 weeks. The company provided a business update last Wednesday that reiterated its strong performance across all metrics, from customer acquisition, new merchants, key partnerships and regional performances. This business update may have just put any previous concerns to rest.

Why were things going south?

The failed WeWork IPO and increasing concerns regarding high valuation, loss-making tech companies started to affect investor appetite for growth shares. Many ASX200 market darlings such as Appen Ltd (ASX: APX), A2 Milk Company Limited (ASX: A2M) and Altium Limited (ASX: ALU) have been sold down and have only recently started to gain some share price traction.

Furthermore, UBS had slapped a $17 price target on Afterpay, citing low barriers to entry, ease of replicating the product and regulatory risks. It believed that because Afterpay was trading at double the valuation of peers such as Mastercard and Visa, its share price could half within the next 12 months.

The rest of this article can be found at au.finance.yahoo.com.

AMP Capital launches ambitious sustainability strategy

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

AMP Capital has launched an ambitious 2030 ESG strategy for its real estate business that aims to address key sustainability challenges including climate change, waste, biodiversity, social impact, accessibility and supply chain sustainability. According to AMP Capital’s head of sustainability, real estate, Chris Nunn said sustainability has become a dominant global economic risk and business megatrend that will transform industries and society. “The real estate sector holds many of the solutions and is in a position to act now,” he said. “AMP Capital is committed to working with our industry peers, clients and customers to improve every day for future generations.”

“We want to shape a better future and this strategy marks a step change in our thinking around how we’re going to do that. This comprehensive sustainability framework addresses material environmental, social and governance areas, with a focus on six main initiatives that the business believes will have the most impact by 2030. I’m most excited about creating a conservation reserve of more than 4 million square metres, which we believe is a first for an Australian real estate company.”

The rest of this article can be found at investordaily.com.au.

QSuper and Sunsuper in merger talks

Posted by Anton Murray Consulting on . Posted in Funds Management News

Investment Magazine

QSuper and Sunsuper have confirmed they are in talks about merging to create Australia’s largest superannuation fund with assets of more than $180 billion. In a joint statement released on Monday evening, QSuper chairman Karl Morris and Sunsuper chairman Andrew Fraser said merger talks were in the “early stages”. “There is an absolute responsibility upon trustees to consider how to best serve their members’ interests,” the funds said in a statement.

“Whether a partnership between our two funds could be better for both QSuper and Sunsuper members is an appropriate enquiry. “Whether or not that consideration proceeds beyond preliminary discussions is dependent on many factors.” In the meantime, both Sunsuper and QSuper members will be kept informed of any decisions.

The rest of this article can be found at investmentmagazine.com.au.

Super System Failing Women

Posted by Anton Murray Consulting on . Posted in Funds Management News

IFA

At the Crescent Think Tank event in Sydney last week, the inaugural chair of the Crescent Think Tank and Crescent Wealth, Emeritus Professor Dianne Yerbury, said the problem stems from a variety of areas. Dr Yerbury pointed out that, “by and large”, women still earn less than men doing the same work. Further, she said around 43 per cent of women work part-time, and that quite a few of them work in more than one part-time job, meaning the super is scattered over more than one fund. “The average woman worker, and some of them of course aren’t in the workforce, they take out on average around five years out of their working lives to look after children and to care for other family members,” she said.

“By and large, it’s women who do that. It’s not exclusively women [but] they do it more considerably than males. Because of the part-time scattered nature that women work, they don’t even earn the $40,000-$50,000 p.a. pre-tax income for a month to actually get contribution benefits. You look at who stays home full-time and looks after the children. Only about 4 per cent of men do that. A lot of older women face retirement without the support of economic scale.”

The rest of this article can be found at ifa.com.au.

Automation is bad for business

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

It is becoming increasingly apparent to business owners that human labour is too expensive, and they’re taking measures to alleviate that – for example, Uber’s efforts to replace their drivers with self-driving cars before their Silicon Valley war chest runs out. Amazon is increasingly automating processes throughout the business, from warehouses to delivery. And it’s not just unskilled jobs that are disappearing – machine learning and artificial intelligence will quash opportunities for plenty of STEM and finance graduates too.

You don’t have to be an IMF bigwig to know that unemployment is bad for the economy. And unemployment isn’t the only factor – long hours, low wages, and stressful conditions all have an impact on the economic activity of workers, who don’t so much consume as survive. “The countries that have been able to grow for the last two or three centuries are countries that have been able to create large middle-classes who have been able to consume and save,” Bailador CEO David Kirk told Investor Daily.

The rest of this article can be found at investordaily.com.au.

Global fintechs set sights on Australia as open banking nears

Posted by Anton Murray Consulting on . Posted in News

SMH

A new cohort of global fintech players are eyeing the Australian market, with UK open banking software player TrueLayer planning to launch here in 2020, opening the door for its European clients to access to Australian consumers. TrueLayer is a software developer that sells tools for companies to securely access bank data so they can build fintech products, acting as part of the architecture that enables digital banking products.Local startups are already working with the Australian Competition and Consumer Commission (ACCC) to test digital systems ahead of next February when open banking will be launched.

This means data from consenting consumers on mortgage accounts, credit and debit cards and transaction accounts will be free to be shared between banks and fintech providers. Since its launch in 2016 TrueLayer has expanded into European countries such as Germany and Italy and partnered with digital banking brands such as Monzo. At the start of the year, it was selected by the UK’s department of International Trade for a pilot program in Australia.

The rest of this article can be found at smh.com.au.

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