News2017-12-17T01:36:45+00:00

Geldzug: CRACKDOWNS IN CHINA: SEASON 1, EPISODE 1

21 September 2021 The first part in a series of articles on the recent events in China. No Arminius Capital fund has any direct exposure to Chinese equities. This is a deliberate policy: we can read the Chinese-language financial accounts of Chinese companies, so we know that these contain some of the most imaginative fiction outside the bestseller lists. But [...]

By |September 22nd, 2021|Categories: 2021, Geld Zug|Comments Off on Geldzug: CRACKDOWNS IN CHINA: SEASON 1, EPISODE 1

Geldzug: THE NEXT CORRECTION

10 September 2021 For the last two months Arminius has been warning investors that world equity markets are at risk of a correction of up to 15%. We believe that share prices have baked in too much optimism about the global economic recovery, which means that any serious setback could trigger a sharp fall... [read more]

By |September 10th, 2021|Categories: 2021, Geld Zug|Comments Off on Geldzug: THE NEXT CORRECTION

Geldzug: THE AUGUST 2021 AUSTRALIAN REPORTING SEASON

2 September 2021 Twice a year we summarise the half-year and full-year results of the companies in the Arminius Capital ALCE portfolio https://arminiuscapital.com.au/funds/. Most of our companies reported strong earnings recoveries in the June 2021 half-year, and it has also been a record season for dividend payouts and share buybacks. Despite the recent surge in COVID-19 lockdowns, company boards – [...]

By |September 2nd, 2021|Categories: 2021, Geld Zug|Comments Off on Geldzug: THE AUGUST 2021 AUSTRALIAN REPORTING SEASON

Geldzug: WHAT ARE CENTRAL BANK DIGITAL CURRENCIES?

18 June 2021 Central bank digital currencies (CBDCs) are already operating in the Bahamas and being trialled in China. They will be introduced by many countries over the next five years. CBDCs enjoy the crucial advantage of total security, because a central bank can’t go broke. But, in order to achieve broad acceptance, CBDCs also need to be cheaper or [...]

By |June 18th, 2021|Categories: 2021, Geld Zug|Comments Off on Geldzug: WHAT ARE CENTRAL BANK DIGITAL CURRENCIES?

Geldzug: AUSTRALIAN BANKS: WHERE’S THE GROWTH?

28 May 2021 The ANZ, NAB and WBC results for the March half-year demonstrated comfortable provisioning, strong balance sheets, improving margins, and prudent funding. What was missing was organic growth. The banks’ loan write-downs in the next two years will be less than the provisions they made last year, but provision write-backs are no substitute for growth. We continue to [...]

By |June 3rd, 2021|Categories: Uncategorized|Comments Off on Geldzug: AUSTRALIAN BANKS: WHERE’S THE GROWTH?

Geldzug: WARNINGS FROM THE MOST SUCCESSFUL BANK CEO

26 April 2021 On several occasions Arminius has outlined the difficult competitive landscape which Australia’s big four banks have had to face since the GFC. Just recently, the most successful bank CEO of the last two decades has given us an update on the main competitive threats to the industry... [read more]

By |April 25th, 2021|Categories: Uncategorized|Comments Off on Geldzug: WARNINGS FROM THE MOST SUCCESSFUL BANK CEO

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