27 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?
New sources of growth to support the ongoing progress of the commodity price cycle remain hard to find.  The UK Chancellor of the Exchequer highlighted one of the constraints on cyclical progress in his budget speech this month.    More...

Market Directions
Market directions remain torn between expectations about tax policy changes in the US and growth prospects reflected in government bond yields which continue to imply little change in growth or inflation ecxpectations. More...

Portfolio Performance and Positioning
Relatively strong gains among stocks at the earliest stage of development which have been driving investment outcomes have been reflected in the portfolio models. A higher rate of exploration success will be required to sustain this level of interest but certain companies are benefitting from a prolonger period of bottom of the cycle exploration spending.  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.

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