In the Media

Market Due for High Next Month: Wealth Within

FE Money Management - 16 Aug. 21

The market might finally be trading higher in a sustained move as reporting season shows positive results for some of the largest companies, including Telstra and AMP, according to Wealth Within. Dale Gillham, Wealth Within chief analyst, said Telstra and insurance companies, as well as the “long-suffering” AMP all reported positive results with their respective share prices rising, driving the market up. “The US market is just finishing its reporting season with over 80% of companies announcing improved results and I suspect we will follow suit,” Gillham said...

BHP Fall Fuels ASX's Worst Week Since January

The Age - 16 Aug. 21

BHP shares took another tumble on the back of weaker iron ore prices. Dale Gillham, chief analyst of financial services company Wealth Within, said it was possible that this week was simply a minor pullback and that the market will turn to push towards 8,000 points and beyond over the next few weeks. However, investors should also “be prepared for anything”. “While the market has been bullish of late, I have been mindful that we still haven’t experienced a significant down move since March of last year when we experienced the COVID meltdown…

ASX to Slip Before Prime Earnings Week

Australian Financial Review - 13 Aug. 21

Australian shares are set to edge lower to start the week, one set to be dominated by corporate results and the COVID-19 cloud over the nation. As for Australian equities, which finished last week at record highs, Wealth Within’s Dale Gillham said he sees more short-term gains before a pause late in the September quarter and early in the December quarter. Still, he sees the ASX closing out the year between 8000 and 8600. “There is plenty of cash sitting out of the market waiting to be invested if more certainty returns, and whilst PE ratios are higher than average, they are not overly alarming...

Which Sectors are Ripe for M&A Activity?

FE Money Management - 13 Aug. 21

Afterpay’s acquisition by Square may be just the beginning for merger and acquisition (M&A) activity as the buy now, pay later sector could see further activity later this year. Speaking to Money Management, Gillham, chief analyst at Wealth Within, said companies had built up a stockpile of cash to weather the pandemic which was now waiting to be used. “As we know the recession was not as severe and overall Australia weathered the storm quite well. Shareholders demand that companies practice sound capital management, and part of that this means getting a good return on investment,” he said...

ASX Expected to Continue its Bulish Run this Week

Proactive Investors New - 09 Aug. 21

Overall, the market remains bullish, with analysts believing it will continue to push towards 8,000 points. The prediction comes with a caveat.  As has been demonstrated many times in the last year or so, the market does nave a mind of its own,” Wealth Within’s Dale Gillham says. “Therefore, I continue to urge investors to exercise caution and not to chase shadow, as I am seeing many try to profit from stocks that have already made strong gains believing they will achieve a similar return in the future. The truth is that you cannot buy yesterday’s returns, so make sure you invest wisely for tomorrow’s returns…