MARKET UNDERVALUES WOODSIDE Research would suggest that Woodside is currently 20% undervalued. This would rate it as the best value of the three large Australian exploration and production companies; the others are Santos and Oil Search. The recently upgraded AUD 40.00 fair value estimate assumes 60% growth in annual production to 130 million barrels of oil equivalentby 2024. We don't believe the market sufficiently credits Woodside's ability to complete a capital-efficient second Pluto LNG train, nor its ability to increase North...

By Tom McBride, Investment Adviser COMVITA Comvita is a vertically integrated natural health product company. It specialises in honey based products, with a particular focus on Manuka honey. More recently, the company has transitioned into other natural health product categories, including Olive Leaf extract, Omega 3, dairy, and eye-healthcare markets. In addition to natural health products, Comvita launched Medihoney Adhesive Dressings for minor wounds, burns, cuts & grazes. The adhesive dressing market is valued in excess of $1 Billion. Comvita generate...

By David Hayes, Investment Adviser THE MONKS INVESTMENT TRUST International share diversification can be achieved by utilizing UK listed trusts. The UK listed trusts manage diversified international share portfolios and they are reliant on the managers ability to navigate the global financial markets. These investments are listed on the London Stock Exchange and denominated in Sterling. Baillie Gifford & Co Limited is a fund manager based in Edinburgh with £173 billion under management in specialist equity, fixed income and multi-asset portfolios...

RYMAN HEALTHCARE - LUCKY COUNTRY PROVING TO BE A WINNING BET By James Smalley, Investment Adviser Ryman Healthcare (RYM.NZ) has been a long term staple holding in many of HHG client’s portfolios, with investors having a total return of 332% on their investment in the four years from 1 Jan 2010 to 31 Dec 2014. However in the following 4 years up until the company’s recent release of its ½ year result on the 23rd Nov 2017, as shown by the...

FIXED INTEREST AN ESSENTIAL BUFFER FOR PORTFOLIOS. By Grant Davies, Investment Adviser. Including Fixed Interest in an investment portfolio helps to reduce your risk, and will help protect your portfolio in a market downturn. Having quality fixed interest is essential, which is why the Hamilton Hindin Greene’s Investment Committee guidelines specify that at least 20% of the fixed interest portfolio should be rated A- or above by Standard & Poor’s. This is a high bar, particularly when we consider the interest...

SKY TV’s shares have been sold off heavily over the last three and a half years, hitting an all-time high of $6.95 per share in 2014 and currently sitting at $2.65 at the time of writing. People are concerned with the number of households moving to alternative offerings such as Netflix. It is worth pointing out that through 2012 and 2013 the analogue television signal was progressively switch off in New Zealand, this sent marginal buyers of SKY TV’s services...

A colleague of mine was recently on their way to the airport when he struck up a conversation with the driver regarding Bitcoin. Very pleased with his returns to date, the driver proclaimed the end of traditional currencies and the endless upside potential of Bitcoin; and cryptocurrencies in general. Bitcoin is a decentralised digital currency which was created to solve the problem of needing a central depository, such as a bank or credit card company, to facilitate payments. Think of...

After 11 years Brian Kreft has retired as Chairman of Hamilton Hindin Greene Limited (HHG). HHG is a boutique investment advisory firm in Christchurch, New Zealand. Brian remains a Director of that Company. Brian Kreft Brian’s career had extensive involvement in the providing of advice relating to company funding, business acquisitions, organisation structures, company floatation’s and prospectuses and has given governance advice to a wide range of clients across a broad spectrum of industries. He is a former director of one...