28 August 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 International Monetary Fund has expressed a more optimistic view about the global growth outlook but financial markets are implying something less positive than the recent rise in commodity prices suggests.     More...

Market Directions
Strong gains in metal prices have coincided with a two year low in the U.S. dollar after a reappraisal of relative of growth and interest rate policies raising a question about what happens when monetary conditions become less influential.       More...

Portfolio Performance and Positioning
Phase I stocks bounced back with gains among some previously weaker performers but the Phase III grouping has led the way in response to recently improving commodity prices.  The macro model is running slightly ahead of the benchmark over the first three weeks of August.  No model changes have been initiated.    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.    
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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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