13 November 2017

Remuneration Report Analysis and Commentary: PortfolioDirect scores annual remuneration reports from ASX listed companies against a consistent analytical framework designed to help assess which reports are most worthy of shareholder support. 
Contents

Where are we in the Cycle?
The cyclical positioning has improved with commodity prices sitting in line with historical outcomes and the market risk profile having been reduced.  The question now is whether there is enough growth momentum to carry prices to the next stage of the cycle.    More...

Market Directions
Equity markets have been heavily influence by expectations about US tax reform outcomes.  Despite historically outstanding monetary support buoying equity market conditions, the resources sector has been unable to attract sufficient speculative funds for mining equities to match gains from mining commodities.  More...

Portfolio Performance and Positioning
The strongest gains have been coming from the earliest stage stocks in the sector in the past few weeks. The returns from exploration stocks have reflected successful exploration programs as well as investors becoming more responsive to exploration success. With large relative performance changes among the stocks included in the portfolio modesl, significant alterations have been made to stock weightings.   More...

Stock Reviews and Rating Analysis 
PortfolioDirect rating reports analyse the quality and risk attributes of proposed mineral developments.  Rating criteria apply to mining and oil and gas stocks at any stage of development.  PortfolioDirect uses a five point rating scale to measure the risk adjusted quality of proposed mineral developments or companies.    
For company reports & ratings...

The 'Steak or Sizzle' blog provides summary judgements on the top performing ASX-listed resources stocks. More...

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Although the statements of fact in this report have been added from and are based upon sources the authors of the report believe to be reliable, their accuracy is not guaranteed and any such information may be incomplete or condensed.  To the extent permitted by law, the authors of the report are not liable for any loss or damage arising as a result of reliance placed on the contents of this report.  

All opinions and estimates in this communication constitute judgments by the authors at the report date and are subject to change without notice.  The report publisher is under no obligation to make public any change in view about any matter referred to in this document.    

No references to past investment performance should be taken to indicate anything about future performance.

This communication is directed only to Australian wholesale investors and licensed financial advisers for information purposes and is not intended as an offer or solicitation with respect to the purchase or sale of a security.

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