Global Community

SBM Offshore may look like just another oil-services name, but its long list of contracted projects could make its future cash generation more predictable than the market assumes. The key question is whether cleaner finances and new deepwater wins can shift it from “boom-and-bust” expectations to something more like an infrastructure-style business—without running into the usual project and customer risks.Read more

I believe Celsius Holdings stock can reach a price of $47.00 per share (+42%) over the next two months, with potential to reach $71.00 per share within the next few years. This will be driven by continued earnings and revenue gains, international expansion, and the long-term integration of Alani Nu and Rockstar, which were both recent acquisitions.Read more

Microsoft is spending heavily on artificial intelligence, and the market seems to be punishing it more than similar big tech rivals. If the hype around these tools keeps driving demand, the company could rebound while still leaning on its many other businesses if that trend cools.Read more

Is the market paying more for companies that might build the quantum future, or for companies that may help secure the transition into it? Cloudflare is not a quantum computer company.Read more

Medibank looks like a steady, well-run health insurer with a loyal customer base and strong cash generation, but the market already treats it like a “safe” pick. The bigger question is what could actually push returns higher from here—and whether regulation and ongoing fallout from the cyber breach could spoil the story.Read more

(This article was published around a week ago on my substack page: Has the LIC Devaluation Run Its Course? A WAM Capital Case Study ) Over the last several years, the Australian Listed Investment Company (LIC) sector has experienced broad valuation compression, with many vehicles moving from persistent premiums to discounts relative to Net Tangible Assets (NTA).Read more

The "Easy Money" Is Gone, But The "Smart Money" Is Staying: My Take on Alphabet If you look at the headlines, Alphabet looks like a giant under siege. The Department of Justice is at the door, and competitors like ChatGPT are nipping at Search’s heels.Read more

Carlsberg will gradually evolve from a traditional beer company into a broader premium beverage group, with beer, soft drinks and alcohol-free beverages all contributing to growth. The acquisition of Britvic strengthens Carlsberg’s exposure to soft drinks and gives the group a more balanced portfolio at a time when beer volumes are under pressure in some markets.Read more

Karoon Energy is one of those stocks where the underlying cash generation and the share price narrative have drifted a long way apart. On paper, Karoon should be a relatively attractive energy business: it has producing offshore assets, strong free cash flow, exposure to resilient oil prices and a strategy that includes both shareholder returns and future growth.Read more