26 September 2024
Hunting opportunities on the ASX
Published on LiveWire There is plenty of opportunity on the ASX, for those willing to do the work. Elston's Co-Founder and Portfolio Manager Andrew McKie is on the case. Read more
11th June 2024 - Asset Management
It’s tough getting selected for State of Origin. You’ve got to be in form and be the perfect fit for a specific role in the team the coach needs to fill. But the good news is, you probably only need to string together a couple of big performances at the right time of year to get the nod.
In comparison, getting picked by the Elston team is much tougher.
Almost every stock that has made it into one of our portfolios has been sitting on the sidelines for a period of time. They’ve been watched and analysed again and again. It’s only when they’ve proven that they’ve really got what it takes that they get in the starting lineup.
To understand why it’s so difficult for a stock to be selected, it’s important to look at the process involved. It all starts with idea generation. Everyone in the Elston Asset Management team is constantly reviewing companies on the ASX. When a strong candidate is identified, the idea is brought to the table for discussion.
If there is agreement in the group, the suggested company is then subjected to rigorous research. This could take months. Even if it gets through this phase of the process, there’s another vital step – valuation.
Valuation is often the big barrier to selection. This is because, even if a stock looks solid, if the price just doesn’t make sense, no action will be taken. At least not for now. Many stocks have been stopped at this point and gone back to the beginning year after year.
An example of this is carsales (ASX:CAR).
It was first brought to the table in 2018. It was tabled again in 2019, 2020, 2021 and 2022. It was only added to the portfolio in January 2023.
Five years. That’s the football equivalent of watching a player from the age of 15. Going to every match. Poring over every stat. Talking to the coach and the medics again and again.
But it’s worth it in the end. Only quality stocks with the ability to perform strongly over the long term get selected.
If you’d like to know more about the Elston investment process, speak to your adviser and they’ll be more than happy to walk you through it.
26 September 2024
Published on LiveWire There is plenty of opportunity on the ASX, for those willing to do the work. Elston's Co-Founder and Portfolio Manager Andrew McKie is on the case. Read more
23 September 2024
Following on from the reporting season, Portfolio Manager Leon de Wet has provided a brief overview of the recent results and what that indicates for future earnings and the portfolio positioning. Read more
21 August 2024
When many people think about estate planning, they’re initially focused on who they should leave their assets to. But often, through the estate planning process, they also find themselves thinking about the legacy they could be leaving. Read more
20 June 2024
This week EAM announced that Sydney based manager Mark Saad was joining the team to support the increasing growth in the NSW and ACT markets. Read more
11 June 2024
It’s tough getting selected for State of Origin. But it's tougher to be picked by the Elston Asset Management team. Read this article to learn more about the Elston investment process. Read more
9 May 2024
In this Livewire's Buy Hold Sell episode, Elston Portfolio Manager Justin Woerner and Nick Sladen from LSN Capital analyse five stocks with possible share price-moving catalysts. Read more
1 May 2024
Elston Portfolio Manager Justin Woerner and Nick Sladen from LSN Capital share their tips and tricks for identifying undiscovered stocks in the recent Livewire article. Read more
29 April 2024
In this episode of Livewire Buy Hold Sell, Elston Portfolio Manager Justin Woerner and Nick Sladen from LSN Capital analyse some of the Small Ordinaries undiscovered stocks. Read more
17 April 2024
In this video, Portfolio Manager David Seager provides his perspective on the key questions discussed in the recent quarterly asset allocation meeting. Read more
10 April 2024
Elston Portfolio Manager Gary Merkel has picked three constituents of the ASX Small Ordinaries Index in the latest Livewire article. Read more
25 March 2024
Just before Easter, Livewire asked four fundies to pick which businesses they thought had the hop on some of the others in their investment universe. Read more
18 March 2024
Following on from the reporting season, Co-Founder and Portfolio Manager Bruce Williams has provided a brief overview of the recent results and what that indicates for the portfolio positioning. Read more
31 January 2024
The Australian Financial Review has recently named Elston Australian Emerging Leaders in their top performers 2023. Read the article to find out more. Read more
18 January 2024
In this video, Portfolio Manager Leon de Wet provides his perspective on the key questions discussed in the recent quarterly asset allocation meeting. Read more
1 December 2023
HUB24 announced the launch of a new whitepaper, ‘Directing the matrix: meeting the advice needs of high net worth clients’. Read now to get insights from Elston Head of Philanthropic Services Susan Chenoweth and many other experienced advisers. Read more
8 November 2023
Investing in what you are passionate about, or even what you consume everyday, can give you an edge. Find out what local stock Elston Co-Founder Bruce Williams has in mind. Read more
13 October 2023
What should advisers think about as they move to managed portfolios? Elston Head of Adviser Services Mark Smith shared his views on how to successfully make the transition. Read more
4 October 2023
We all know Australia is the lucky country, but could it soon be the luckiest? Elston Co-founder Andrew McKie believes it may be possible, and advisers need to take heed. Read more
21 September 2023
Andrew McKie joined 5 other industry leaders at LiveWire Live 2023 as they presented their shocking prediction for the future. What did he predict? And is it good news or bad news? Read more
14 September 2023
Portfolio Manager Leon de Wet has provided a brief overview of the recent reporting season results and what that indicates for future earnings and the portfolio positioning. Read more