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Morningstar runs the numbers

Lewis Jackson  |  13 Dec 2021Text size  Decrease  Increase  |  
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6 million

Move aside Tesla. Morningstar forecasts Volkswagen will produce 6 million electric vehicles (EV) by 2030, making it the world’s largest seller of EVs, writes Annabelle Dickson in a survey of the EV market: “Morningstar senior equity analyst, automotive Richard Hilbert believes if Volkswagen achieves its EV sales objectives, the company could outsell Tesla in 2025 and lead the pack of automakers making the transition. ‘By 2030, Volkswagen leads the group with an estimated 6 million EV units and commands the group’s highest share at 18%. The automaker is one of the world’s largest manufacturers by volume,’ he says.”


Magellan shares fell 6% last Tuesday as markets punished the fund manager over the surprise exit of chief executive Dr Brett Cairns: “Markets reacted negatively to the resignation announcement, sending Magellan shares down more than 6% on Tuesday to close at $29.10. Cairns' resignation comes as a string of investment missteps triggered fund outflows and a share price rout at the fund manager. Shares are down 48% since July as the manager grapples with souring investments in Chinese technology companies Alibaba and Tencent.”


Investors looking for guidance could do worse than Warren Buffett’s “Rule of 20 Punches”, says Graham Hand in his outlook for 2020: “Warren Buffett has described his ‘Rule of 20 Punches’ when speaking to graduation classes: ‘I could improve your ultimate financial welfare by giving you a ticket with only 20 slots in it so that you had 20 punches representing all the investments that you got to make in a lifetime. And once you'd punched through the card, you couldn't make any more investments at all. Under those rules, you'd really think carefully about what you did, and you'd be forced to load up on what you'd really thought about. So you'd do so much better.’.”

$7 billion

Woodside announced $7 billion in lower carbon investments but Morningstar cautions investors that any benefit is years away: “Gas producer Woodside wowed on Wednesday with its planned $7 billion spend on new energy projects but Morningstar senior equity analyst Mark Taylor says it's still early days, keeping his fair value on hold. While Taylor is pleased to see Woodside take steps towards lower carbon initiatives like hydrogen and carbon storage, he says the projects will take significant time to come to fruition.”

Charts from last week

Woe continues at Magellan as chief executive leaves (here)

The Australian dollar is lower and that's good news for many local firms (here)

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is a reporter and data journalist with Morningstar. Tweet him @lewjackk or get in touch via email

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