Today
- Opinion
- Opinion
From 400 red buses in Melbourne to $400m a year and a $4b payday
Bus company Kinetic is one of Australia’s unheralded success stories. In an industry full of family operators, no one has cracked it like Kinetic’s crew.
- Anthony Macdonald
May
- Opinion
- Opinion
Guzman y Gomez’s $2.2b float is a small-target bet on growth
Much-hyped Mexican fast-food chain GYG has big long-term goals, but its near-term targets are more measured. The debate now will all be about valuation.
- Updated
- James Thomson
- Opinion
- Opinion
Why Chemist Warehouse deal could create a ‘governance Frankenstein’
The unique family business has a staggering level of related party transactions. How that will work in an ASX-listed company remains unclear.
- James Thomson
- Opinion
- Opinion
Brookfield says au revoir to Origin with French mega deal
Brookfield’s $11 billion French deal will give it a big Australian renewable energy portfolio, just six months after it missed out on Origin Energy.
- James Thomson
- Opinion
- Opinion
A Takeovers Panel application before a deal? It’s a jolt for Rio
You can bet Rio Tinto doesn’t like being pushed around by some pipsqueak fund managers, but there’s a lot riding on this bombshell move.
- Anthony Macdonald
- Opinion
- Opinion
Inside BHP’s failed tilt for Anglo – and what comes next
The post-mortems are under way, but two things are already clear: the tight time frame was never going to be enough, and BHP’s inability to win over Anglo shareholders eventually killed the deal.
- Updated
- James Thomson
- Opinion
- Opinion
BHP has lost its Anglo prize, but kept its head
BHP’s decision to go public with its pitch to solve Anglo American’s South African problems was a move designed to win an extension between the two mining giants. It failed.
- Updated
- James Thomson
- Opinion
- Opinion
The ASX is waking up to the RBA’s wicked inflation problem
Equity market valuations assume a soft landing, but inflation data suggests the RBA has a big problem on its hands, as CPI remains sticky despite weak spending.
- Updated
- James Thomson
- Opinion
- Opinion
How to set up your portfolio for the next decade, according to Goldman
The traditional 60:40 portfolio has rallied off its deathbed thanks to surging stocks and bond yields. But Goldman Sachs says what comes next might look very different.
- Updated
- James Thomson
- Opinion
- Opinion
JPMorgan senses ‘M&A’ magic in the air. Here are its picks
Deal numbers are good this year, but we would argue they are not as strong as the equity market’s rally. JPMorgan reckons the catch-up is coming.
- Anthony Macdonald
- Opinion
- Opinion
How much will hungry data centres take out of the power grid?
Australia’s ability to make the most of AI and digitisation is only as good as its energy sources. Next decade, that will become a hot topic.
- Anthony Macdonald
- Opinion
- Opinion
Headaches are part of mining M&A, just ask Newmont
It should be a good time to sell a copper/gold project, but Newmont’s portfolio tidy-up has hit a hurdle.
- Anthony Macdonald
- Opinion
- Opinion
How an AI-powered Santa makes the case for tax reform
AI threatens to change everything, from education to manufacturing. Ed Husic is right to ask whether tax reform is needed as part of this revolution.
- James Thomson
- Opinion
- Opinion
How Stockland is punting on a bit of Goodman Group magic
Goodman Group is the gold-standard for creating value in Australian property, so it is interesting to see the likes of Stockland replicating its model.
- Updated
- Anthony Macdonald
- Opinion
- Opinion
AI could claim 30pc of executive jobs in two years
As Commonwealth Bank CEO Matt Comyn keenly monitors the AI revolution, Adam Driussi of Quantium says more executives need to follow suit.
- James Thomson
- Opinion
- Opinion
The two forces driving Lendlease to tear itself apart
For 66 years, Lendlease has been an icon of Australian business. But its global ambitions lie in tatters after a reckoning that’s been coming for decades.
- James Thomson
- Opinion
- Opinion
The indicator that has Macquarie fearing a ‘downgrade cluster’
Confession season has been quiet this year, but that doesn’t mean investors shouldn’t be looking over their shoulders.
- Anthony Macdonald
- Opinion
- Opinion
What Canva’s cringeworthy rap song really tells us
The rap song announcing Canva’s pitch to enterprise customers is all a part of the firm telling its growth story as it heads towards public markets.
- James Thomson
- Opinion
- Opinion
Lendlease is finally doing what its investors have been begging for
This restructuring is indicative of what big investors want this year. Simple and focused businesses are in, sprawling empires with global ambitions are out.
- Anthony Macdonald
- Opinion
- Opinion
KKR partner’s simple reason why private credit is running hot
From David Di Pilla’s HMC Capital to Pengana’s newly listed trust, private credit is everywhere you look. A 20-year industry veteran helps us understand why.
- Anthony Macdonald
