Uber: The network effect, in reverse

Alex PollakPress

By Alex Pollak, CIO Loftus Peak   Do not expect Uber to right itself now that CEO Travis Kalanick has “resigned.” The company’s problems run far deeper, and the story has far from played out. Case in point: Kalanick’s is the resignation that isn’t. He states that he has ‘accepted … Read More

Why value investing isn’t what it used to be

Alex PollakPress

By Alex Pollak, CIO Loftus Peak This is the original piece as written. For Phil Baker’s comment in the AFR, click here Now is the time to be extremely wary of value investments. The unprecedented change we are living through means that the risks of value investing have never been … Read More

Crunch time for Australian bank investors?

Alex PollakPress

Read the piece as written by Phil Baker in the AFR on 6 May 2017 here OR read the original written by Alex Pollak below Fund managers are closing shop (Altair), calling the top (Kelly) and selling out (Hunter Hall). In the five months since January 1, the Australian market has picked … Read More

We need to talk about Snapchat

Alex PollakPress

By Alex Pollak – Chief investment officer – Loftus Peak What next for Snapchat? After a disastrous earnings call, the stock fell 25% and came within 25c of breaching its issue price of US$17. Those that didn’t take the opportunity, brief though it was, to sell at US$24 might be … Read More

Knowledge networks, and how they work

Alex PollakFeatured, Press

By Anshu Sharma, Portfolio Manager and Analyst, Loftus Peak Amazon and Google, two of the world’s top ten biggest listed companies, jumped around 4% in the aftermarket on the back of above-market quarterly revenue numbers released overnight; they showed organic growth of 23% and 22% respectively. These numbers are significant, … Read More

Amazon brings its “Flywheel” to Australia

Alex PollakPress

By Alex Pollak, Chief Investment Officer, Loftus Peak Amazon in the past 24 hours has confirmed it will launch a full scale retail offering in Australia – it is now calling for local retailers to join its global marketplace as part of the launch, having already briefed CB Richard Ellis … Read More

The bull case for Tesla

Alex PollakPress

Tesla blew through car production expectations this quarter – it had made just over 25,000 vehicles by 31 March – putting it on track to make 500,000 cars by 2018, according to the major shareholder, Elon Musk. The stock price is up 28% since the beginning of 2017, as the … Read More

PSD2 – the slow burn on bank valuations

Alex PollakFeatured, Press

Not really discussed in all the coverage on fintech in Australia is the impact of the Revised Payment Service Directive (PSD2) in the UK and Europe, forcing banks there to open their platforms to non-bank service providers from next year. PSD2 will break these banks’ monopoly on their users’ data. It … Read More