Stock Research - Investor Desk

Janus Henderson Australian Fixed Interest Fund: A solid core fixed interest offering

Post author By lvc-admin
Post date September 23, 2021
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over rolling three-year periods. The fund invests in a range of securities including government, semi-government, corporate and asset backed securities.

Downside Risks:

Investment strategy selection fails to yield alpha.
Lead PM departs or significant turnover in the broader investment team.
Credit / interest rates risk.

Fund Performance & Current Positioning:

(%)	Fund	Benchmark	Out-performance
1-mths	0.05%	0.09%	-0.09%
3-mths	2.78%	2.55%	+0.23%
6-mths	4.77%	4.23%	+0.54%
1-year (p.a.)	1.92%	1.05%	+0.89%
3-year (p.a.)	4.90%	4.52%	+0.38%
5-year (p.a.)	3.62%	3.33%	+0.29%
Inception	6.74%	6.51%	+0.23%

(Source: Janus Henderson)

Sector Allocation:

(Source: Janus Henderson)

Key Highlights:

Investment Team:

The Janus Henderson Australian fixed interest team, headed by Jay Sivapalan, is highly experienced and well resourced. The investment team consists of highly qualified people having adequate work experience in investment, portfolio management and credit analysis.

Investment Philosophy and Process:

The investment philosophy of this fund focuses on investing in compelling opportunities, diversified strategies, capital preservation and strategic view. The Fund’s investment and portfolio construction process consists of Fundamental Research, Strategy Formulation and Portfolio Construction.

Credit Process:

ESG is integrated into the credit process. Since the manager believes in ‘quality before price’ philosophy, ESG considerations are fundamental to their four-pillar bottom-up credit analysis, which are: business risk, financial risk, management profile and ESG risk.

About the Company:

Janus Henderson is a global asset manager with more than 340 investment professionals and expertise across all major asset classes. Its individual, intermediary and institutional clients span the globe and entrust it with more than $500bn of their assets. Janus Henderson’s commitment to active management offers clients the opportunity to outperform passive strategies over the course of market cycles. Through times of both market calm and growing uncertainty, its managers apply their experience weighing risk versus reward potential – seeking to ensure clients are on the right side of change.

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

Tags Australian Market, Top Stories

Daily Report

Morning Report Global Markets Update – 23 September 2021

Post author By Aayushi Swami
Post date September 23, 2021
No Comments on Morning Report Global Markets Update – 23 September 2021

Morning-Report-Global-Markets-Update-23-September-2021-1 Download

LICs LICs

Sandon Capital Declares Special Dividend and Further Aligns Interest with Shareholders

Post author By lvc-admin
Post date September 22, 2021
No Comments on Sandon Capital Declares Special Dividend and Further Aligns Interest with Shareholders

Market Capitalisation of Sandon Capital Investments Limited $111.99 Million. Their last trade was 1.01 on 22^nd September 2021.

Net profit is 37.3 Million. Their Annual Revenue is 56.5 Million.

Sandon Capital Investments Limited (SCN) has declared a fully franked special dividend of 1cps in addition to the full franked FY21 final dividend of 2.75cps.

The Board anticipates paying an interim FY22 dividend of 2.75cps, fully franked, subject to the Company having sufficient profit reserves, franking credits and it is within prudent business practices.

This would represent a 10% increase on the FY21 interim dividend. SNC currently has 32.1cps in profits reserves and more than 9cps in franking credits.

In addition to this, the Manager announced that from FY22 onwards, the Manager intends to invest at least 50% of the after-tax proceeds of performance fees earned from SNC in SNC shares.

Shares will be purchased on-market and will be acquired after the payment of the relevant performance fee where SNC’s share price is trading at a discount to its after-tax NTA.

The Manager and entities associated with its directors and shareholders currently have in excess of $7.3m invested in funds managed by Sandon Capital Pty Ltd, including 2.1m SNC shares.

Company Profile

Sandon Capital Investments Limited is an investment company. The Company is engaged in investing activities, including tangible assets, marketable securities or cash. The Company will seek to invest in securities, which Sandon Capital Pty Ltd (the Manager) considers to be under-valued and where the Manager considers there to be opportunity to encourage changes to unlock what the Manager has identified as intrinsic value. The Manager may also invest, from time to time, in market-based investment opportunities, such as placements, merger arbitrage and other investments it considers appropriate. Sandon Capital Pty Ltd is the investment manager of the Company.

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

Tags Australian Market, Recommendations

IPO Watch

IPO debut of SSH Group fetches 30% gain on listing

Post author By lvc-admin
Post date September 22, 2021
No Comments on IPO debut of SSH Group fetches 30% gain on listing

The issue was open for retail investors from 30^th July, 2021 to 27^th August 2021. GTT Ventures and Taurus Capital Group were appointed as lead managers.

The company also offered 20,500,000 shares as Vendor offer, 3,250,000 shares as convertible note share offer, 7,000,000 shares as option offer to advisers and 10,000,000 shares as option offer to executives.

The proceeds of the funds are said to be used mainly for purchasing capital equipment for site services, paying out short-term debts and for offers and acquisition.

SSH shares were listed on ASX on 17^th September, 2021 and delivered a decent listing gains of 30% by opening at AU$0.265. The demand on first day led the stock to surge to a high of AU$0.295, garnering a volume of over 5.82 million. The market capitalization of SSH Group comes to be at AU$ 14.36 million and the enterprise value is AU$ 10,106,977.

SSH Group has identified myriad opportunities for future growth and expansion of the divisions in Western Australia. It estimates that there is over $39.3 billion of market revenue that is not serviced by major players in the operating industries. It currently possesses total clients beyond 100.

About the company:

The company provides a range of safety and people services, including security, labour hire, and road safety services, to the construction, mining, civil and government market sectors in Western Australia. It was founded in Australia and headquartered in Perth, Western Australia. Currently it has the workforce of 700 plus people. The main purpose of the SSH Group is to improve outcomes for Australian projects and communities.

(Source: asx.com.au, sshgroup.com.au)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.