The stocks poised to declare buybacks in 2022

Australia News News

The stocks poised to declare buybacks in 2022
Australia Latest News,Australia Headlines
  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 90%

Allan Gray’s Suhas Nayak on why 2022 could be a year of share buybacks, how Origin sold its interest in APLNG too cheaply, and his wariness around floats.

What sort of year are you expecting 2022 to be in terms of buybacks?

We think there are a number of companies that can and should take advantage of their healthy profits and depressed share prices by buying back their shares. Cyclical companies, in particular, should consider whether there truly are any investments that are better than the one they know the best: their own shares.

Counter-intuitively, this means that as industry input costs go up , AWAC’s margins per tonne actually increase as the costs of refining for other players go up faster than the costs for AWAC. Despite this, AWAC trades at a discount to both greenfield and brownfield capacity additions, and at about 11 times after-tax earnings at spot alumina prices, which we think are not particularly high.A is an opportunity but also a risk for investors in out-of-favour stocks.

While we were clearly early in increasing our exposure to cyclicals through 2019, we think the elastic band has stretched even further since then, and it is in this space where value can still be found. We have also changed our bank exposure recently. Westpac is now the highest weight it has ever been in the fund, which shouldn’t be surprising as it isWe are pretty wary of IPOs. We look at most of them, but haven’t bought into one for over a decade.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FinancialReview /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Squad Game: Titans 2022 roster changes and best 17There are reasons to believe GCTitans can continue their rise next season after finishing ninth in 2020 and making the play-offs in 2021.🌞
Read more »

The stocks poised to declare buybacks in 2022The stocks poised to declare buybacks in 2022Allan Gray’s Suhas Nayak on why 2022 could be a year of share buybacks, how Origin sold its interest in APLNG too cheaply, and his wariness around floats.
Read more »

Shortage of key ingredient puts Australia’s 2022 wine vintage at riskShortage of key ingredient puts Australia’s 2022 wine vintage at riskWith the bulk of DAP fertiliser imported from China, small-to-medium producers may not secure enough in time for harvest
Read more »

Superstitions and booze: Inside the MCG dressing rooms as Allan Border and Jeff Thomson fought for the AshesSuperstitions and booze: Inside the MCG dressing rooms as Allan Border and Jeff Thomson fought for the AshesIt was one of the great last-wicket partnerships in Ashes history, but as Jeff Thomson and Allan Border fought to keep the 1982 Boxing Day Test alive, the Aussie change rooms were full of booze and nerves.
Read more »

The stocks poised to declare buybacks in 2022The stocks poised to declare buybacks in 2022Allan Gray’s Suhas Nayak on why 2022 could be a year of share buybacks, how Origin sold its interest in APLNG too cheaply, and his wariness around floats.
Read more »

Funding grant to help boost wheelchair participation2022 is going to be HUGE for nrlwheelchair with a sportaustralia grant to increase participation, State of Origin in January and RLWC2021 in November🦽
Read more »



Render Time: 2025-04-04 18:31:16