Talk Money To Me

Can investors capture the enormous growth behind AI without chasing the most expensive stocks in the market? In this episode of Talk Money To Me , Felicity Thomas is joined by Sally Bertouch, Portfolio Manager and Managing Director at Cullen Capital Management (Schafer Cullen Capital Management) , to unpack global markets, AI, value investing, income and the major structural trends creating opportunities for investors. Founded in New York in 1983, Cullen Capital is 100% employee-owned and has more than US$30 billion in assets under advisement . Its investment philosophy focuses on finding quality global businesses trading at attractive valuations, with sustainable cash flows, dividends and long-term earnings growth. Felicity and Sally discuss: The 2026 global market outlook , including AI, geopolitics, oil, inflation and interest rates. What has been driving the Shaw Global Equity Income portfolio and how Cullen balances income with capital growth. How Cullen avoids the classic dividend trap when searching for attractive yields. Why Cullen added Novo Nordisk following significant share-price weakness. The investment case for Hon Hai , a major manufacturer of AI server infrastructure. Why Sally describes AI as entering its “toddler years” and what that means for investors. Where the next wave of AI investment could flow across semiconductors, power, electricity grids, automation and data-centre infrastructure. How a value investor can participate in the AI megatrend without paying any price for growth . Opportunities beyond AI across electrification, automation, GLP-1s, energy infrastructure and financial consolidation . Why emerging-market dividends could represent an overlooked opportunity for income and growth investors. And to finish, Felicity puts Sally on the spot: if she had to choose one stock as her top investment idea right now, what would it be and why? Follow Talk Money To Me wherever you get your podcasts for more conversations on investing, markets and portfolio strategy. Disclaimer The information in this podcast is general in nature and does not constitute personal financial advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for your circumstances and seek professional financial advice where appropriate.Where financial products are discussed, you should consider the relevant Product Disclosure Statement or other applicable disclosure document before making an investment decision. Views and opinions expressed by the host or guest are their own at the time of recording and may change. References to companies, securities, sectors or investment strategies are for general information only and should not be considered a recommendation to buy, sell or hold any investment. Investing involves risk, including potential loss of capital. Past performance is not a reliable indicator of future performance. Everything is based on facts known at the time of recording 19th August 2026. Hosted on Acast. See acast.com/privacy for more information.

🚀 AI's Hidden Infrastructure: Semiconductors, Memory & the Next Investment Boom 💥 Artificial Intelligence is dominating headlines, but the real investment opportunity may lie beneath the surface. In this special Order Pad episode of Talk Money To Me, Felicity Thomas takes a deep dive into one of the most important investment themes of the next decade: semiconductors, memory and the infrastructure powering the AI revolution. While most investors focus on NVIDIA, Microsoft, OpenAI and ChatGPT, few understand the complex ecosystem enabling modern artificial intelligence to function. From High Bandwidth Memory (HBM) and advanced semiconductor manufacturing to data centres, electricity demand and emerging memory technologies, this episode explores the hidden supply chain behind the AI boom. As Talk Money To Me heads into a short winter break, Felicity unpacks why the biggest opportunities may not necessarily be the companies making headlines, but rather the businesses supplying the critical infrastructure powering the next generation of computing. In this episode: • Why AI is actually an infrastructure story, not just a software story • The rise of High Bandwidth Memory (HBM) and why it has become one of the most important technologies in the world • NVIDIA's dependence on memory suppliers and the growing importance of the semiconductor supply chain • SK Hynix, Samsung and Micron's role in the global AI ecosystem • Why TSMC may be one of the most strategically important companies in the world • Advanced packaging, semiconductor bottlenecks and the next phase of AI infrastructure • Why AI is increasingly becoming an electricity and energy story • The growing importance of data centres, transmission infrastructure and power demand • Why copper continues to sit at the centre of the electrification and AI themes • Australia's role in the global AI buildout • Weebit Nano (ASX: WBT), ReRAM technology and the future of memory innovation • The key themes currently sitting on Felicity's Order Pad Whether you're an experienced investor, a technology enthusiast or simply curious about what sits behind the AI revolution, this episode provides a fascinating look at one of the most significant investment themes shaping global markets today. About Talk Money To Me Hosted by Felicity Thomas and Candice Bourke, Talk Money To Me explores investing, wealth creation, financial markets, business and the economic forces shaping our future.Through conversations with leading fund managers, economists, business leaders and industry experts, alongside thematic market deep dives, the podcast aims to help Australians become more informed and confident investors. Connect With Us 🌐 www.cftgroup.com.au 📧 info@cftgroup.com.au 📧 cftgroup@shawandpartners.com.au 📱 Instagram: @talkmoneytomepodcast 📱 LinkedIn: Felicity Thomas | Candice Bourke 🎙 Available on Spotify, Apple Podcasts and YouTube If you enjoyed this episode, please subscribe, leave a review and share it with fellow investors. Disclaimer Felicity Thomas and Candice Bourke are Authorised Representatives of Shaw and Partners Limited ABN 24 003 221 583, AFSL 236048. The information discussed in this podcast is general information only and does not take into account your personal objectives, financial situation or needs. Before making any financial decision, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek independent financial, legal and taxation advice. Any views, opinions or forecasts expressed are those of the speakers at the time of recording and are subject to change without notice. References to companies, securities, sectors, investments or financial strategies are for educational and informational purposes only and do not constitute personal financial advice or recommendations. Past performance is not a reliable indicator of future performance. All investments carry risk, including the risk of loss of capital. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Talk Money To Me, Felicity Thomas sits down with Emma Stephens from Artemis Finance to unpack what is really happening in the Australian property and lending market in 2026. From housing affordability and interest rates to wealth creation, financial empowerment and lending challenges, this conversation dives into the real financial pressures Australians are facing right now and the practical strategies helping people move forward with confidence. Emma shares her insights from working directly with families, business owners, first home buyers and women navigating separation, lending pressures and long-term financial security in a high cost-of-living environment. In this episode we discuss: The reality of the Australian property market in 2026 Whether the “Australian Dream” is still achievable Housing affordability and cost-of-living pressures Property investing and investor sentiment following the May 2026 Budget Women, wealth creation and financial empowerment Lending challenges for single-income households and first home buyers Fixed vs variable rates in today’s market The habits financially successful people consistently have Practical tips for young Australians wanting to enter the property market Financial confidence, strategy and long-term wealth creation Emma Stephens is a mortgage broker at Artemis Finance, specialising in residential and business lending, refinancing, property strategy and helping clients create long-term wealth through smart lending solutions. Emma is a proud Noosa local, former Bank Manager for Noosa and Tewantin, and passionate advocate for women building financial independence through education, connection and smarter money conversations. If you enjoyed today’s conversation or would like assistance with lending, refinancing, property strategy or wealth creation, reach out to Emma Stephens and let her know you heard her on Talk Money To Me. Emma Stephens Artemis Finance 📧 emma@artemisfinance.com.au 🌐 https://artemisfinance.com.au/ 📍 Sydney & Noosa, Australia Artemis Finance specialises in: Home loans Investment lending Refinancing Lending for self-employed borrowers Property strategy Wealth creation strategies Women’s financial empowerment Follow Talk Money To Me for weekly conversations covering: Investing Property Wealth creation Markets & macro trends Financial literacy Business Women & money Portfolio strategy Disclaimer This podcast is presented by Felicity Thomas and Candice Bourke of Shaw and Partners Limited ABN 24 003 221 583, AFSL 236048. The information discussed in this podcast is general information only and does not take into account your personal objectives, financial situation or needs. Before making any financial decision, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs, and seek independent financial, legal and taxation advice. Any views, opinions or forecasts expressed are those of the speakers at the time of recording and are subject to change without notice. References to property, lending, investments or financial strategies are for educational and informational purposes only and do not constitute personal financial advice, lending advice or recommendations. Past performance is not a reliable indicator of future performance. All investments and financial strategies carry risk. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Felicity Thomas and Candice Bourke sit down with Armina Rosenberg, Co-Founder of Minotaur Capital, for a fascinating deep dive into the next wave of AI investing opportunities, global equity themes and the market trends sophisticated investors are watching closely right now. The conversation explores why Minotaur Capital believes the biggest opportunities in AI may now sit beyond Nvidia particularly across AI infrastructure, memory semiconductors, power networks and the “picks and shovels” powering the AI revolution. Armina shares: Why SK Hynix is Minotaur’s highest conviction global stock idea Why the memory super cycle could still be in its early stages Whether Nvidia is still attractive at current valuations Why Minotaur remains short Tesla The risks around overcrowded AI trades and hyperscaler spending Opportunities in defence, energy transition and AI infrastructure How Minotaur uses proprietary AI tools internally to analyse markets faster than traditional fund managers The growing disconnect between market headlines and underlying fundamentals What could trigger a meaningful AI-fuelled correction in markets The discussion also unpacks some incredible real-world examples of how AI is already changing investing, including Minotaur’s internally developed AI research system Taurient, which helps the team analyse global companies, reporting seasons and thematic opportunities at extraordinary speed and scale. Armina also explains why memory semiconductors particularly HBM memory may become one of the most important and profitable areas of the global technology ecosystem over the coming years, driven by explosive demand from AI models, hyperscalers and data centres. If you’re interested in AI investing, Nvidia, semiconductors, SK Hynix, Tesla, global equities, thematic investing or the future of financial markets this episode is packed with institutional grade insights and investment ideas. 📩 If you would like to learn more about the fund using AI and proprietary technology to identify opportunities across global equities, you can learn more directly www.minotaurcapital.com Or feel free to contact the teams directly: 📧 Minotaur Capital: invest@minotaurcapital.com 📧 Candice Bourke & Felicity Thomas: cftgroup@shawandpartners.com.au or info@cftgroup.com.au ⚠️ Disclaimer This podcast is intended for educational and informational purposes only and does not constitute personal financial advice, investment advice or a recommendation to buy or sell any financial product or security. Any views, opinions or market commentary expressed are those of the speakers at the time of recording and may change without notice. The information discussed is general in nature and has been prepared without taking into account your personal objectives, financial situation or needs. Before making any investment decision, you should consider the appropriateness of the information having regard to your own circumstances and seek independent financial, legal and tax advice where appropriate. Past performance is not a reliable indicator of future performance. All investments involve risks, including the risk of loss of capital. References to specific companies, sectors or investment themes are provided for illustrative and educational purposes only and should not be relied upon as investment recommendations. Felicity Thomas and Candice Bourke are Authorised Representatives of Shaw and Partners Pty Ltd ABN 24 003 221 583, AFSL No. 236048. Minotaur Capital Global Opportunities Fund is currently only available to wholesale and sophisticated investors. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Order Pad, Felicity deep dives into Taiwan Semiconductor Manufacturing Company (TSMC) and explains why it may be one of the most important long-term investments in global markets today. As the dominant manufacturer behind Nvidia, Apple, AMD and the broader AI ecosystem, TSMC sits at the centre of the explosive growth in artificial intelligence, data centres and global compute demand. We break down: Why TSMC controls the AI supply chain The company’s extraordinary ~50% net profit margins AI infrastructure growth and semiconductor demand TSMC’s competitive moat and market dominance Valuation vs Nvidia, Microsoft and Apple Key risks including Taiwan and geopolitical tensions What could go right and what could go wrong Why we believe TSMC remains a BUY despite trading near all-time highs If you’re looking for exposure to the long-term AI megatrend, this episode explains why TSMC could be one of the highest-quality infrastructure plays in global markets. ⚠️ Disclaimer This podcast is general information only and does not take into account your personal objectives, financial situation or needs. It should not be considered personal financial advice. Before making any investment decision, you should consider whether the information is appropriate for you and seek advice from a licensed financial adviser. Prepared by the Talk Money To Me advisers at Shaw and Partners Limited (AFSL 236048). Information discussed is based on facts known at the time of recording, 5 May 2026. Email us cftgroup@shawandpartners.com.au What do YOU want to hear more of? Hosted on Acast. See acast.com/privacy for more information.

In this episode of Talk Money To Me, Felicity Thomas and Candice Bourke break down how to invest in an inflation-driven market and why traditional portfolio strategies are being challenged in 2026. With energy shocks, persistent inflation, and changing central bank dynamics, investors are facing a very different environment to the past decade. The traditional balance between equities and bonds is no longer behaving as expected, prompting a shift in how portfolios are constructed. Drawing on insights from the latest Shaw and Partners Investment Perspectives , this episode takes a deep dive into the assets and strategies designed for today’s market conditions. 🎯 What we cover: 💰 Royalties explained – how investing in revenue streams (rather than profits) can provide income, diversification and potential inflation protection 📈 Inflation-linked bonds – how these assets adjust with rising prices to help preserve purchasing power and support defensive portfolio positioning ⚡ Energy as a macro driver – why both traditional and new energy sources are central to inflation, growth and market performance 🌍 Portfolio positioning in 2026 – moving beyond traditional frameworks and adapting to a higher inflation environment 🧠 Where to find income and resilience when markets are more volatile and less predictable 🔥 Key takeaway: The biggest shift in markets right now isn’t just volatility it’s inflation. And the portfolios that perform will be those that evolve to include: 👉 Income linked to real economic activity 👉 Assets that adjust with inflation 👉 Exposure to structural drivers like energy 🎧 Whether you’re building long-term wealth or navigating current market uncertainty, this episode provides practical insights and a fresh perspective on modern portfolio construction. ⚠️ Disclaimer This podcast has been prepared by Shaw and Partners Limited (ABN 24 003 221 583, AFSL 236048) and is for general information purposes only. The information discussed is current as at 27 April 2026 and is subject to change without notice. The content of this podcast is not intended to be, and should not be construed as, personal financial product advice. It does not take into account your individual objectives, financial situation or needs. Before acting on any information contained in this podcast, you should consider the appropriateness of the information in light of your own circumstances and seek advice from a licensed and authorised financial adviser. Any views or opinions expressed are those of the speakers at the time of recording and may not necessarily reflect the views of Shaw and Partners Limited. Past performance is not a reliable indicator of future performance. Any references to specific investments or asset classes are for illustrative purposes only and should not be taken as a recommendation. Investments can rise and fall in value and there is a risk that you may lose some or all of your capital. To the extent permitted by law, Shaw and Partners Limited and its representatives make no warranties or representations regarding the accuracy or completeness of the information and disclaim all liability for any loss or damage arising directly or indirectly from the use of, or reliance on, the information contained in this podcast. If you’d like to discuss how these strategies may apply to your portfolio, feel free to reach out: 📧 Email: cftgroup@shawandpartners.com.au Hosted on Acast. See acast.com/privacy for more information.

In this Order Pad episode, Candice Bourke breaks down the bull case for Netflix in 2026 and why this global streaming giant may still have double-digit upside ahead. While the stock has been relatively flat over the past 12 months, the fundamentals tell a very different story… Strong revenue growth 📈 Expanding margins 📊 Rising free cash flow 💰 A rapidly scaling advertising business 📺 But the real question is: Is Netflix still a growth stock… or has it matured into a long-term compounder? In this episode, Candice covers: Netflix’s latest results and what the market is missing 📊 Why Netflix is no longer “just a streaming platform” 🌍 The real moat: scale, data, content and monetisation 🧠 Forecast growth: revenue, margins and earnings trajectory 💡 Bull vs Bear case — including valuation scenarios ⚖️ The rise of ads, live content, and new growth levers 📺 Key risks investors need to consider ⚠️ For Candice, the bull and buy conviction is clear. Netflix is evolving into a global entertainment powerhouse utility, combining subscription, advertising, live content and gaming at scale. With: ~346M subscribers (and growing) 📺 Expanding margins toward 40%+ 📈 Strong pricing power 💰 Multi-layered monetisation 🔁 This is no longer “growth at any cost” it’s becoming a cash-generating compounder. Disclaimer This podcast is general information only and does not take into account your personal objectives, financial situation or needs. It should not be considered personal financial advice. Before making any investment decision, you should consider whether the information is appropriate for you and seek advice from a licensed financial adviser. Candice Bourke is a Financial Adviser authorised under Shaw and Partners Limited (AFSL 236048). All opinions are based on information available as at 21 April 2026 and are subject to change. Get in touch 📧 cftgroup@shawandpartners.com.au 📧 info@cftgroup.com.au Hosted on Acast. See acast.com/privacy for more information.

In this episode of Talk Money To Me, we unpack one of the most complex market environments in recent years — where geopolitical risk, inflation pressures and blockbuster IPOs are colliding at the same time. Recorded on 13 April 2026, Felicity Thomas and Candice Bourke break down the latest developments in the Iran conflict, including the breakdown in ceasefire negotiations, the U.S. blockade of the Strait of Hormuz, and what this means for oil prices, inflation and global equity markets. At the same time, markets are preparing for what could be one of the largest IPO cycles in history, with potential listings including SpaceX, Anthropic, Databricks and OpenAI. We explore whether these mega listings will drive the next leg of growth or drain liquidity from an already fragile market. To help unpack it all, we’re joined by leading global equities investors: Alex Pollak (Loftus Peak) Nick Griffin (Munro Partners) Together, we cover: What’s really happening in the Iran conflict and why markets are reacting Oil above US$100 and the implications for inflation and interest rates Whether we are officially in a market correction phase The investment case for SpaceX, Anthropic, and Databricks How investors should think about AI, valuations and capital intensity Why ETFs like the BetaShares Nasdaq 100 ETF NDQ may be a smarter way to gain exposure This is a market being pulled between fear and future and understanding how to position your portfolio has never been more important. 📩 Contact Us If you’d like to discuss how these themes apply to your portfolio, feel free to reach out: 📧 cftgroup@shawandpartners.com.au 📧 info@cftgroup.com.au ⚠️ Disclaimer This podcast is general information only and does not take into account your personal objectives, financial situation or needs. You should consider whether the information is appropriate for you and seek professional advice where necessary. Felicity Thomas and Candice Bourke are Authorised Representatives of Shaw and Partners Limited (ABN 24 003 221 583, AFSL 236048). Any views expressed are those of the presenters at the time of recording and may change. Past performance is not a reliable indicator of future performance. Hosted on Acast. See acast.com/privacy for more information.

In this Order Pad episode of Talk Money To Me, Felicity revisits one of her highest-conviction ideas Silex Systems (ASX: SLX) and explains why this is no longer just a uranium story, but a strategic enrichment and energy security opportunity that the market may still be underpricing. This episode breaks down: Why uranium is only part of the story and why enrichment is the real bottleneck How Silex’s laser enrichment technology is progressing towards commercialisation The significance of TRL-6 milestone achievement and what it unlocks The Paducah opportunity and why “tails re-enrichment” could be a game-changer The growing role of US policy and funding in nuclear fuel security Why a cooling uranium price (~US$84–85/lb) actually strengthens the investment case Valuation insights, broker targets, and what needs to happen next The key risks, timelines, and milestone-driven upside potential This is not a broad market update it’s a deep dive into one high-conviction idea, how it fits within a portfolio, and why sometimes the best investments are the ones worth revisiting as the thesis strengthens. As Felicity outlines, Silex sits at the intersection of: Nuclear energy’s long-term structural growth Western energy security and fuel independence A critical, underappreciated choke point in the fuel cycle 🎯 A must-listen for investors looking to understand where the real scarcity and opportunity sits in the nuclear value chain. ⚖️ Disclaimer This podcast is prepared by Felicity Thomas a Financial Adviser at Shaw and Partners Limited (AFSL 236048). The information discussed is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether the information is appropriate for you and seek professional advice before making any investment decisions. Past performance is not a reliable indicator of future performance. Markets can and do move both up and down, and all investments carry risk. All views are based on information available as at the time of recording (7 April 2026) and may change without notice. SLX.ASX is trading around $5.20 - $5.30 at the time of this recording. 📩 Contact Us If you’d like to discuss how this investment idea or broader portfolio positioning may apply to your personal situation, please reach out: Shaw and Partners 📧 cftgroup@shawandpartners.com.au Or connect with us via Talk Money To Me for more insights. Hosted on Acast. See acast.com/privacy for more information.

Markets have just experienced one of the most volatile periods in recent years driven by geopolitical tensions, surging oil prices, and renewed concerns around inflation. In this episode of Talk Money To Me , Felicity and Candice break down what’s really happening in global markets following the Iran conflict, why oil remains the key driver of inflation and interest rate expectations, and what the latest insights from global CIO Moz Afzal mean for investors right now. We unpack: What changed overnight in markets and why equities rebounded The real impact of rising oil prices on inflation and rate cuts Why geopolitics (and not fundamentals) is driving volatility The significance of US$7.7 trillion sitting in cash Where professional investors are positioning portfolios today The key investable ideas we are focusing on right now Including: ✔️ Energy & commodities as inflation hedges ✔️ Short-duration bonds and income opportunities ✔️ AI infrastructure and long-term growth themes ✔️ Credit vs private debt — is the illiquidity premium worth it? Despite recent market swings, earnings remain strong and the opportunity set continues to build making this a critical time to stay disciplined and positioned for long-term growth. 📩 Get in touch If you’d like help navigating markets like this or reviewing your portfolio strategy: 📧 cftgroup@shawandpartners.com.au ⚠️ Disclaimer This podcast is prepared by Felicity Thomas and Candice who are advisers at Shaw and Partners Financial Services Pty Ltd AFSL 236048 and is for general information purposes only. It does not constitute personal financial advice and does not take into account your personal objectives, financial situation or needs. You should consider whether the information is appropriate for you and seek professional advice before making any investment decisions. Past performance is not a reliable indicator of future performance. Recording 1st April 2026 Hosted on Acast. See acast.com/privacy for more information.

In this Order Pad episode, Candice Bourke takes a deep dive into what is happening globally with rising oil prices 🛢️, the Iran conflict, and how these macro events are accelerating one of the biggest investment shifts of our time the move toward renewable energy 🌱. Candice breaks down how oil shocks impact inflation 📈, interest rates, and household finances, and explains why countries like China have been preparing for this environment by stockpiling oil while simultaneously investing heavily in electric vehicles 🚗, batteries 🔋, and solar infrastructure ☀️. Candice also explores the investable opportunity in solar, highlighting First Solar (FSLR) as a current BUY idea with an attractive entry point. Candice’s bullish conviction for FSLR includes: Strong revenue growth and profitability 📊 High margins and a solid balance sheet with significant cash reserves 💰 A large forward order book providing visibility on future earnings 📅 Expansion of global manufacturing capacity 🏭 Long-term tailwinds from energy security and global solar demand 🌞 The stock has a potential upside of approximately 25% to 50%, depending on execution and market conditions. Time will tell ⏳. This episode connects global macro trends to real investment ideas, helping listeners understand not just what is happening in the world but how to position themselves financially 📌. Disclaimer ⚠️ This podcast is provided by Shaw and Partners Limited ABN 24 003 221 583, AFSL 236048. Candice Bourke and Felicity Thomas are Authorised Representatives of Shaw and Partners Limited. The information contained in this podcast is general in nature only and does not take into account your personal objectives, financial situation or needs. It does not constitute personal financial advice, a recommendation, or an offer to buy or sell any financial product. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation and needs, and seek advice from a licensed financial adviser if required. All investments carry risk, including the risk of loss of capital. Past performance is not a reliable indicator of future performance. Contact Us 📩 If you would like to discuss your portfolio or explore any of the ideas raised in this episode, please reach out to us: 📧 cftgroup@shawandpartners.com.au Hosted on Acast. See acast.com/privacy for more information.

Australian Property Market Special What do rising interest rates actually mean for your borrowing power, property strategy, and investment decisions in 2026? In this episode, Candice Bourke and Felicity Thomas sit down with leading mortgage broker Mitchell Lobb from Distinctive Finance to break down what’s really happening in the Australian property market and where the smartest opportunities may lie. Whether you're a first home buyer, seasoned investor, or business owner, this episode unpacks the real-world lending strategies most people don’t understand but absolutely should. 🔍 In this episode, we cover: What interest rate rises mean in practice for borrowers today Why waiting for rate cuts could cost you more than you think How banks calculate borrowing power (and why it varies so much) Strategies for self-employed borrowers & business owners When refinancing becomes a strategic move not just rate chasing Debt recycling explained simply (and why it’s back in focus) Structuring loans, offsets & equity across multiple properties The 2026 property market outlook where prices may be heading Top 3 things to do now if you want to buy property in the next 12–24 months 💡 Key takeaway: In uncertain markets, structure and strategy matter more than ever and those who understand lending dynamics can unlock opportunities others miss. 👤 About our guest - Mitchell Lobb Mitchell brings over 20 years of experience across NAB, ANZ, St.George and Westpac, including time as a Private Banker in Asia. He now works closely with clients to structure lending strategies that align with long-term wealth creation. 📩 Want help with your investment or property strategy? Contact us: cftgroup@shawandpartners.com.au and we can faciliate a meeting with Mitch. ⚠️ Disclaimer Candice Bourke and Felicity Thomas are Authorised Representatives of Shaw and Partners Limited. This podcast is general information only and does not constitute personal financial advice. You should consider your personal circumstances and seek professional advice before making any financial decisions. Information is current as at 4 March 2026. Hosted on Acast. See acast.com/privacy for more information.

In this TMTM Order Pad episode of Talk Money To Me , Felicity Thomas takes a deep dive into AML3D Ltd (ASX: AL3) an Australian advanced manufacturing company using industrial metal 3D printing to produce large-scale components for industries like shipbuilding, utilities, infrastructure, energy and defence supply chains. With a market capitalisation of under $100 million and the share price down more than 50% from recent highs, Felicity asks the key question investors care about: Has the market mispriced the opportunity? AML3D’s proprietary ARCEMY® additive manufacturing systems are designed to produce large industrial metal components using advanced robotics, welding technology and metallurgical science. These systems allow manufacturers to produce complex parts faster, locally and often at lower cost, helping reduce reliance on long and fragile global supply chains. The company is positioning itself in a specialised niche within the global additive manufacturing industry, particularly producing large structural components used in shipbuilding and heavy industry — including work linked to the **United States Navy maritime industrial base. In this 15-minute deep dive, Felicity breaks down: • What AML3D actually does and how ARCEMY works • The global additive manufacturing landscape • Key international players including Lincoln Electric, Gefertec GmbH, and Desktop Metal • How AML3D compares with Australian peers like Titomic Ltd and SPEE3D • The company’s US expansion strategy and Ohio manufacturing facility • Its $78 million potential pipeline of opportunities • Revenue forecasts and the balance sheet position • Why analysts believe the stock could have significant upside from current levels AML3D sits at the intersection of several powerful structural themes: • reshoring of global manufacturing • advanced industrial technology • additive manufacturing (metal 3D printing) • shipbuilding and infrastructure investment • modernisation of global supply chains As always on Order Pad, the goal is simple to explore whether the market could be missing something important in the underlying business story. ⚠️ Disclaimer This podcast is general information only and does not constitute personal financial advice. The views expressed are those of the host and have been prepared without taking into account your individual objectives, financial situation or needs. Felicity Thomas is an Authorised Representative of Shaw and Partners Limited, holder of Australian Financial Services Licence (AFSL) 236048. Before acting on any information discussed in this episode, you should consider whether it is appropriate for your circumstances and seek independent professional advice. Investing in small capitalisation companies involves higher risk, including potential loss of capital. Past performance is not a reliable indicator of future performance. If you want the latest research report email cftgroup@shawandpartners.com.au Hosted on Acast. See acast.com/privacy for more information.

In this macro market update, Candice and Felicity unpack the latest developments in the Middle East and what the Iran conflict could mean for global markets, oil prices and investment portfolios. With tensions escalating across the Gulf region and growing disruption risks around the Strait of Hormuz a critical shipping route responsible for roughly 20–25% of global oil supply investors are asking what this means for markets. In this episode we discuss: • Why geopolitical conflicts often have less lasting impact on markets than investors expect • How much of the recent oil price move has already been priced into markets • What history tells us about stocks, gold, bonds and volatility during geopolitical crises • The potential scenarios for the Iran conflict and their market implications • Why US large-cap equities and structural growth sectors may remain resilient • Opportunities emerging across cyclicals, travel stocks and global equities • The role of energy, commodities and safe-haven assets in portfolios • How investors can navigate volatility while staying focused on long-term investment objectives Periods of geopolitical tension can create uncertainty in markets, but they can also present opportunities for disciplined investors who stay focused on fundamentals and long-term strategy. ⚠️ Disclaimer This podcast contains general information only and does not take into account your personal objectives, financial situation or needs. It should not be considered personal financial advice. Candice Bourke and Felicity Thomas are Authorised Representatives of Shaw and Partners Limited (ABN 24 003 221 583, AFSL 236048). The information discussed in this podcast is current at the time of recording but may change without notice. Any opinions expressed are those of the hosts and may not necessarily reflect the views of Shaw and Partners Limited. Before making any investment decision, you should consider whether the information is appropriate for you and seek advice from a licensed financial adviser. Past performance is not a reliable indicator of future performance. Investing involves risk and the value of investments can rise or fall. This podcast is produced for informational and educational purposes only. Everything is based on facts known at the time of recording 3rd March 2026. Hosted on Acast. See acast.com/privacy for more information.

Everyone’s talking about Nvidia. But what if the biggest opportunity in artificial intelligence isn’t in chips… it’s in the infrastructure powering the entire ecosystem? In this Order Pad episode, Candice breaks down why she is buying Vertiv (VRT.NYS) and why she believes the next phase of the AI investment cycle will be driven by power, cooling and data centre infrastructure. Artificial intelligence is creating one of the largest global infrastructure build-outs in decades. As demand for computing power accelerates, so does the need for energy, advanced cooling systems and mission-critical data centre solutions. This is where Vertiv sits at the centre of the opportunity. This episode includes: What Vertiv actually does and why most investors misunderstand the business Why AI workloads are significantly more energy and infrastructure intensive The key numbers from the latest result, including strong order growth and backlog visibility Why the share price has been volatile despite strong fundamentals The long-duration AI infrastructure cycle and why we believe it is still early What the market will be watching over the next 12 months Why we believe this is a compelling long-term investment opportunity If you want to understand where the second wave of AI investing may come from, this episode is for you. If you would like to discuss your portfolio or explore opportunities aligned with your long-term strategy, you can reach out to us directly: Candice Bourke and Felicity Thomas - cftgroup@shawandpartners.com.au Disclaimer This podcast is general information only and does not take into account your personal objectives, financial situation or needs. It should not be considered personal financial advice. Before making any investment decision, you should consider whether the information is appropriate for you and seek advice from a licensed financial adviser. Shaw and Partners Limited ABN 24 003 221 583 AFSL 236048. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Talk Money To Me, Candice Bourke and Felicity Thomas unpack one of the most misunderstood wealth strategies in Australia borrowing to invest through margin lending. Many Australians are comfortable using debt to build wealth through property, but far fewer understand how leverage can be used in a diversified global portfolio. When structured correctly, margin lending can accelerate long-term wealth. However, when used poorly, it can magnify risk and volatility. In this episode, we break down the strategy in a simple and practical way, including real client scenarios and the key considerations sophisticated investors need to understand. We cover: ✔️ What margin lending is and how it works ✔️ Loan-to-value ratios (LVR) and how lenders assess risk ✔️ What actually happens in a margin call ✔️ Why diversification and investment selection matter more than leverage ✔️ A 10-year real-world scenario leveraging the S&P 500, including realistic Australian borrowing costs ✔️ Behavioural mistakes investors make during market volatility ✔️ Margin lending versus property gearing ✔️ Who this strategy may be suitable for – and who should avoid it This episode is designed for high-income professionals, long-term investors and anyone looking to build wealth through disciplined, strategic investing. 📩 Contact Candice & Felicity If you’d like to learn more or discuss your personal financial strategy, you can reach out to us directly: 📧 cftgroup@shawandpartners.com.au 🌐 www.cftgroup.com.au Or connect with us on LinkedIn: Candice Bourke & Felicity Thomas ⚠️ Disclaimer This podcast is hosted by Candice Bourke and Felicity Thomas both Financial Advisers at Shaw and Partners AFSL 236048. The information discussed is general in nature and does not take into account your personal objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the advice and seek professional advice tailored to your circumstances. Any views expressed are those of the hosts at the time of recording and may change. Past performance is not a reliable indicator of future performance. Investing involves risk, including the loss of capital. Borrowing to invest, including margin lending, can magnify gains and losses and may not be suitable for all investors. Hosted on Acast. See acast.com/privacy for more information.

Welcome to this fortnight’s TMTM Order Pad, where we break down one high-conviction investment idea and assess whether the market is mispricing the opportunity. In this episode, Felicity dives into WiseTech Global (WTC.ASX) one of the ASX’s most widely followed technology stocks and explains why we believe the company could be entering a critical 2026 re-rating phase. After a sharp sell-off across global software stocks, WiseTech now trades below historical valuation averages despite strong customer retention, growing free cash flow, a transition to transaction-based pricing, and integration upside from e2open. In this deep dive, we cover: • What WiseTech actually does and why CargoWise is mission-critical • The pricing model shift and margin outlook • e2open integration risks and opportunities • AI disruption risk or competitive advantage? • What the upcoming FY26 result needs to prove Is this simply a recovery trade or a genuine asymmetric opportunity? IMPORTANT: WTC.ASX at the time of recording 10th February 2026 is trading between $47 and $50 🎯 About TMTM Order Pad Order Pad is our fortnightly high-conviction stock segment, where we analyse companies with structural advantages, strong cash generation, and identifiable catalysts ahead. Think next-multibagger energy with institutional discipline. Positioning before consensus. ⚠️ Important Disclaimer This podcast contains general information only and does not take into account your personal objectives, financial situation or needs. It does not constitute personal financial advice. Before making any investment decision, you should consider whether the information is appropriate for you and seek advice from a licensed financial adviser. Talk Money To Me is hosted by advisers at Shaw and Partners Felicity Thomas and Candice Bourke (AFSL 236048). Past performance is not a reliable indicator of future performance. All investments carry risk. Investments may rise and fall in value, and capital loss is possible. 📩 Get in Touch If you would like to discuss your portfolio or explore whether WiseTech or other ASX opportunities may be appropriate for you: 📧 tcftgroup@shawandpartners.com.au 🌐 www.cftgroup.com.au 🎙 Follow Talk Money To Me on Spotify, Apple Podcasts & YouTube 📱 Follow @TalkMoneyToMePodcast on Instagram & @TalkMoneyToMe on LinkedIn Hosted on Acast. See acast.com/privacy for more information.

What does 2026 really look like for investors? In this first episode back for 2026, Talk Money To Me hosts Felicity Thomas and Candice Bourke break down what’s actually driving markets beneath the surface using institutional insights from global strategy teams across equities, credit, derivatives and China . Markets may be broadening, but risks are shifting and in this episode we unpack what that means for portfolios. In this episode we cover: Why markets feel calmer but may actually be more fragile in 2026 The rotation away from the US and why China and Europe are back in focus The next phase of the AI trade — and why it’s moved beyond mega-cap tech How to think about copper, infrastructure and electrification as AI enablers Why private credit and high yield could be the hidden risk this year Why Europe, particularly banks and credit, is quietly well positioned The key 2026 market catalysts to watch — from China’s NPC to US midterms How UBS’s “10 Surprises” framework is already playing out in markets What Felicity and Candice are actually doing in portfolios as a result 2025 was about chasing what worked. 2026 is about positioning for what’s coming next. ⚠️ Important Disclaimer This podcast is for general information only and does not take into account your personal objectives, financial situation or needs. While Felicity Thomas and Candice Bourke are Authorised Representatives of Shaw and Partners Limited (AFSL 236048) , the information discussed in this podcast does not constitute personal financial advice or a recommendation to buy or sell any financial product. You should consider whether the information is appropriate for you and seek independent professional advice before making any financial decisions. Information is current as at the time of recording: 4th February 2026 📩 Contact & More Information If you’d like to discuss any of the themes covered in this episode or understand how they may apply to your portfolio: Visit: www.cftgroup.com.au Or get in touch with Felicity Thomas or Candice Bourke cftgroup@shawandpartners.com.au Follow Talk Money To Me on Spotify or Apple Podcasts , and share this episode with someone who loves their markets, macros and long-term investing conversations. Hosted on Acast. See acast.com/privacy for more information.

It’s the most wonderful time of the year, and our favourite annual tradition! Candice & Felicity are joined once again by Shaw and Partners CIO, Martin Crabb , to unpack the Top 10 Investment Themes for 2026 in this festive, market-moving Christmas special. This year, we’ve wrapped each theme in a Christmas-themed jingle , while Martin delivers deep insights on the macro landscape, AI acceleration, geopolitics, EM vs China divergences, private markets, and the big question: where should investors be positioned for 2026? We also look back at Martin’s 2025 predictions including nuclear’s standout performance with a candid “Crystal Ball Review”, covering PDN, TLX and IDP’s 12-month results. Finally, Martin reveals his #1 high-conviction pick for 2026 , tied directly to one of his top themes for the year ahead. This episode is packed with insights, laughter, Christmas spirit… and a few questionable vocal performances from your favourite financial advisers. IN THIS EPISODE The 10 themes shaping global markets in 2026 Bond markets: why they’re still “shark-infested waters” How Trump’s “3 Ds” (DOGE, Deregulation & Drugs) shape US opportunities AI infrastructure: the second-derivative winners Europe’s surprising revival EM vs China: where the winds are actually turning Private markets unlocking liquidity IPO & M&A activity making a comeback Martin’s 2025 “crystal ball review” — PDN, TLX, IDP Martin’s top investment pick for 2026 This episode is for informational purposes only and does not constitute financial advice. Candice Bourke and Felicity Thomas are authorised financial advisers with Shaw and Partners Limited (AFSL 236 048). The views expressed are general in nature and do not take into account individual circumstances. Always seek professional advice before making investment decisions. Information is current as of the recording date (10 December 2025). 📧 Contact us: cftgroup@shawandpartners.com.au info@cftgroup.com.au Hosted on Acast. See acast.com/privacy for more information.

Black Friday panic, Christmas chaos… and a derivatives-led global equity sell-off. In this episode of Talk Money To Me, Candice and Felicity zoom out from the noise and share six major investment themes set to shape portfolios in 2026 plus the ETFs, sectors and stocks they’re watching right now. Recorded on 25 November 2025 following a sharp but non-fundamental global equity pullback driven by CTAs, futures activity and a VIX spike, the pair break down why retail investors have been buying the dip, not selling it and why the medium-term setup for equities remains constructive. They then reveal their 2026 Playbook, covering: ⭐ Theme 1 – Mid-Duration Fixed Income & Floating Rates Why the 3–5 year part of the curve, senior bank notes, floating-rate notes and diversified bond ETFs (like MQSD) are compelling defensive anchors heading into an uncertain rate environment. 🔌 Theme 2 – The Great Energy Upgrade AI power demand, electricity grid strain and the resurgence of LNG and nuclear. Featuring WDS, uranium via URNM/ATOM, BOE, PDN and enrichment play SLX. 🤖 Theme 3 – The Critical AI Value Chain The backbone of AI: semis, cooling, power, data centres and transmission. With names including NVDA, AVGO, VRT, SMCI, ASML, TSMC, EQIX, DLR, NXT and ETFs GXAI and NDQ. 🧬 Theme 4 – Disruptive Science & Healthcare Re-Rating GLP-1s, radiopharmaceuticals and gene editing. Opportunities across CSL, TLX, Novo Nordisk, Eli Lilly and ETFs DRUG, CURE, ARKG and IXJ. ⚙️ Theme 5 – Critical Minerals & Strategic Commodities Copper shortages, rare earth dominance and long lead-time supply constraints. Ideas include ACDC, COPX, BHP, LYC and ILU. 🌍 Theme 6 – Global SMID & Quality Rotation One of the most compelling under-the-radar opportunities of 2026. Exploring valuation gaps, historical outperformance and quality SMID exposures. If you’re planning your 2026 portfolio strategy , this episode is your end-of-year roadmap across bonds, AI, energy, commodities, healthcare and global SMIDs. ⚠️ Disclaimer This content is for informational and educational purposes only and does not constitute financial advice. Candice Bourke and Felicity Thomas are authorised financial advisers with Shaw and Partners Limited (AFSL 236 048). The views expressed are general in nature and have not considered your personal circumstances. Please seek independent professional advice before making any financial decisions. Information is current as of the recording date (25 November 2025). 📧 Contact us: cftgroup@shawandpartners.com.au info@cftgroup.com.au Hosted on Acast. See acast.com/privacy for more information.