How safe are investment decisions based on algorithms and free from human intervention?.Photo: Stockphoto

The computer made me do it

The false alarm warning of an imminent ballistic missile attack in Hawaii this month may have been the result of ‘an employee pressing the wrong button on their computer’, but it serves to indicate the type of scenario we can expect as computers take greater control of everyday life.


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An article from the US this week comparing 10 robo-designed portfolios revealed a massive percentage point return difference between these particular funds. It seems there will be plenty of work in the future for financial advisers to help their clients pick the best robo funds.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 28/02/18

1 year TSR5 year TSR
212thGold Road Resources51%48%
216thSaracen Mineral Holdings49%36%
242ndIndependence Group40%4%
248thWestern Areas38%-3%
371stMetals X7%10%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$106k Bought
$13k Bought
Total value as at the date of the transaction
Source: Morningstar


13th↓Independence Group$424.1m
14th↑Saracen Mineral Holdings$423.2m
15th↑Gold Road Resources$326.6m
17th↓Metals X$279.8m
18th↑Western Areas$250.5m
503 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Independence Group

34thPeter Bradford$1.313m
133rdBrett Hartmann$676k
178thScott Steinkrug$592k
Ranked by total remuneration from all listed WA companies

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