Wry & Dry #24-25 Trumpster’s fiasco. Albo Airlines. Uncle Fester faffing around.
A trio of monumentally brainless decisions this week led to the US’ greatest international fiasco since George Bush decided to invade Iraq.
Trumpster’s dealmaking impulse led him to bring Tsar Vlad in from the cold. He spoke to him and agreed to open talks immediately to cease the Ukraine-Russian war. Err, without President Zelensky? And without even telling Zelensky. Or anyone in the EU?
Tsar Vlad is now doing cartwheels in the Kremlin.
Reporting season begins – Macquarie Group and SGH Limited
This week’s Investment Matters will concentrate on two large holdings Macquarie Group and SGH Limited (formerly Seven Group Holdings) and reporting season begins.
Macquarie Group is one of our largest portfolio holdings. Along with Judo Bank, it is our preferred way to gain access to the Australian Banking sector rather than holding prohibitively expensive shares in the four major banks.
Read as Craig Shepherd, CIO, explains long-run returns and outlook for Macquarie Group and SHG Limited.
In addition, we provide comments on the Beach Energy result, one of the first portfolio positions to report updated earnings. In this update, we hope to provide some nuance surrounding the competing factors to emerge.