In his regular reporting season review, Perpetual’s Head of Equities, Paul Skamvougeras, assesses the latest company results and discusses:
- the companies and sectors that delivered good results – including the standouts in the retail sector
- how steel producer, BlueScope, produced an outstanding result
- some surprisingly positive operational moves by the major miners.
Paul also takes a look at the themes likely to drive the market over the coming months, including the outlook for Australian banks and for a range of companies that have benefited from record low interest rates.
Years of experience: 23
Years at Perpetual: 15 (split in 2 periods)
Paul is the Head of Equities and the Portfolio Manager for the Concentrated Equity and Pure Equity Alpha strategies.
Paul rejoined Perpetual Investments in February 2010 as a Portfolio Manager, having previously spent seven years with Perpetual. He began his career with Perpetual in 1994 in a back office role, moving into a dealing role after three years, working his way up to the Head Dealer role.
Between stints at Perpetual, Paul spent seven years working at CPH/Ellerston Capital, where he had portfolio management responsibilities for an Australian long/short strategy for the first four years and a global long/short strategy for the last three years. Paul also recruited and managed two analysts within his team.
Paul gained international experience, spending 18 months in London, as well as expertise in investing and trading various asset classes ranging from equities, commodities, currencies and fixed interest.
Paul has a Bachelor of Economics from Macquarie University and is a Member of the Institute of Chartered Accountants.