Business

Any sensible valuation should be grounded in the present value of free cash flows that a company will produce in the future. As market valuations soar for the ASX “WAAAX” stocks (Wisetech, AfterpayTouch, Appen, Altium, and Xero), it follows that the expectation of free cash...

5G mobile network technology will bring real benefits for users, but for shareholders it represents more capital investment in an industry which has struggled to achieve adequate returns.Telcos cannot assume that new ‘use cases’ will deliver a payback on 5G investment: we see no killer...