NEWS

Chester Asset Management, October 2020 - Insight
Luke Howard | Portfolio Manager, Chester Asset Management | For anyone who has followed the ASX telco sector in recent years the challenges presented by the rollout of the Government’s National Broadband Network (NBN) has been stark. Together with Telstra who has faced truly unprecedented business change the previously high-flying TPG and Vocus have likewise…
Chester Asset Management, October 2020 - Insight
Anthony Kavanagh | Portfolio Manager, Chester Asset Management | Amazon, Google, Woolworths, Tesla. No this isn’t an Ari Gold sales pitch(1) but rather a list of recent contract announcements by ASX companies we’ve seen greeted with enthusiastic share price reactions. Yet the reaction to government contract announcements is generally much more muted. Maybe comparing Government…
Chester Asset Management, September 2020 - Insight
Anthony Kavanagh | Portfolio Manager, Chester Asset Management | There is an asymmetry of information in markets which is one of the key reasons buyers and sellers are willing to transact at a given price, as investors try to make perfect decisions with imperfect information. So, what if we were closer to having perfect information,…
Insights, August 2020 - Insight
Anthony Kavanagh | Portfolio Manager, Chester Asset Management | No, we aren’t projecting a USD150/t iron ore price. Last year we wrote, A Different Kind of Portfolio Manager, wherein we argued Mineral Resources (MIN) was heavily discounted, trading at ~AUD15/share vs our AUD26/share valuation. Given the wide discount there wasn’t much need for over-enthusiasm on the…
Chester Asset Management, August 2020 - News
Download as PDF Copia Investment Partners today announced that the Chester High Conviction Fund has been upgraded to a “Recommended” rating by research house, Lonsec. The Fund offers investors a concentrated and benchmark-unaware exposure to Australian shares (25 – 40 stocks) and is managed by Chester Asset Management, a boutique Australian equity fund manager distributed…
Chester Asset Management, April 2020 - Insight
Anthony Kavanagh | Portfolio Manager, Chester Asset Management | Download as PDF Toilet Paper – check; Food – check; Gold – check; Defence(s) – check. We have written extensively on gold and food so here-in we detail some of the work we have completed on Defence, one of the essential service components of our portfolio.…
Insights, February 2020 - Insight
While the whole finance community (including us at Chester Asset Management) focus on the impacts of Coronavirus on global supply chains, there is another deadly virus in China changing the way the Chinese eat. And that is impacting protein prices and offering tailwinds to select ASX names. Anthony Kavanagh, Portfolio Manager at Chester Asset Management,…
Insights, January 2020 - News
Background Like many local technology trailblazers before it, Catapult (CAT) has endured a turbulent first 5 years as a listed company on the ASX. One only has to view its historic share price to be reminded that the journey from emerging technology upstart to profitable global category leader is rarely straightforward. The saying “Things are…