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10k Words Equitable Investors August 2024 We are in the midst of ASX reporting season so let's allow the corporates to tell the stories via charts this month - starting with the engineering firms chasing growth markets, stopping for some medicinal cannabis, then on to the financial world. Private company debt ratios have been on the rise and so have insurance premiums. The banks take a look at how prevailing interest rates and inflation have impacted different households. Homebuilders look at what those households can afford. Yet the price and utilisation of gyms just keeps rising. Finally, those serving the tech sector are taking heart from the amount of capital the VC world has committed. Australian water infrastructure - forecast spend
Source: SRG Global, ACIF Australian energy & gas infrastructure - forecast spend
Source: SRG Global, ACIF Australian resources capex - forecast
Source: Mondaelphous, Oxford Economics, ABS Australian electricity infrastructure capex - forecast
Source: Mondaelphous, Oxford Economics, ABS Australian medicinal cannabis market size - forecast
Source: Wellnex, Statista Private company debt to equity ratio - Australia
Source: Judo Bank, ABS Factors driving insurance pricing & profitability
Source: Suncorp, Insurance Council of Australia Spending & saving behaviour by age cohorts
Source: Commonwealth Bank of Australia Australian household borrowing capacity in May 2024 v May 2022
Source: Simonds Group The fitness industry - average revenue per member (grey bars) and utilisation (black line) v inflation (red) and interest rates (yellow)
Source: Viva Leisure Cumulative VC "dry powder" by vintage ($US billion)
Source: Enero, Pitchbook NVCA Venture Monitor August 2024 Edition Funds operated by this manager: Equitable Investors Dragonfly Fund Disclaimer Past performance is not a reliable indicator of future performance. Fund returns are quoted net of all fees, expenses and accrued performance fees. Delivery of this report to a recipient should not be relied on as a representation that there has been no change since the preparation date in the affairs or financial condition of the Fund or the Trustee; or that the information contained in this report remains accurate or complete at any time after the preparation date. Equitable Investors Pty Ltd (EI) does not guarantee or make any representation or warranty as to the accuracy or completeness of the information in this report. To the extent permitted by law, EI disclaims all liability that may otherwise arise due to any information in this report being inaccurate or information being omitted. This report does not take into account the particular investment objectives, financial situation and needs of potential investors. Before making a decision to invest in the Fund the recipient should obtain professional advice. This report does not purport to contain all the information that the recipient may require to evaluate a possible investment in the Fund. The recipient should conduct their own independent analysis of the Fund and refer to the current Information Memorandum, which is available from EI. |
