Search Results for: jbh
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What valuation do you put on sentiment?
Roger Montgomery
March 18, 2024
Retail stocks were on the nose for some time amid fears of recession, the impact of rising interest rates, the cost-of-living crisis and inflation’s impact on the cost of doing business.
The recent HY24 reporting season, however, revealed much of the fear was misplaced. Aggregate revenue growth tended to beat estimates despite moderating slightly. Meanwhile, even though earnings before interest, tax, depreciation and amortization (EBITDA) margins compressed as the cost of doing business grew, this was somewhat offset by gross profit growth. Companies were able to pass on higher prices and more, and in the face of those price increases, consumers were surprisingly resilient. Continue…
by Roger Montgomery Posted in Companies, Economics.
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The expectations and surprises of reporting season
Roger Montgomery
March 1, 2024
In this week’s video insight, I delve into the highlights of the February reporting season and its unexpected outcomes, a key period for those of us monitoring the Australian equity market. Despite a challenging economic backdrop, a noteworthy number of companies have outperformed expectations, bolstering my optimistic view on the potential of quality, innovative companies. As the season concludes, I offer my insights on the unexpected turns and the bright prospects for equity investors, reaffirming my bullish stance for the future. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary, Video Insights.
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ABC Nightlife – Forecasts for 2024 and reporting season updates
Roger Montgomery
February 21, 2024
In this week’s ABC Nightlife interview, I joined Phillip Clark to kick off the year and make some forecasts for 2024. We also discussed the latest news from this reporting season. You can listen to the full interview here: ABC Nightlife – Forecasts for 2024 and reporting season updates
by Roger Montgomery Posted in Radio.
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Equity analysts surprised by the recent retail landscape
Roger Montgomery
February 16, 2024
In this week’s video insight, I explore the recent performance of the retail sector. Companies like Cettire, Temple & Webster, Nick Scali, and JBHi-Fi have surprised analysts with their robust performance, leading to a reassessment of sales projections. I discuss the unexpected resilience of retailers in the face of January’s challenges and discuss the implications of these developments for the future. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like, Video Insights.
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Temple & Webster’s share price soars following half-year results
Roger Montgomery
February 14, 2024
Temple & Webster (ASX:TPW) have already added to the positive retail momentum by Nick Scali (ASX:NCK), JB Hi-Fi (ASX:JBH), and Cettire (ASX:CTT).
by Roger Montgomery Posted in Companies, Market commentary.
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Super Retail Group’s sales are tracking ahead of analysts’ estimates
Roger Montgomery
October 31, 2023
It’s annual general meeting (AGM) season and our teams are furiously note-taking at dozens of company briefings where the opportunity to provide analysts with an update on trading conditions over the months of September and October is taken seriously. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary, Stocks We Like.
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Wrapping up the 2023 financial year reporting season: A mix of resilience and uncertainty
Roger Montgomery
August 30, 2023
In this week’s video insight, Roger Montgomery delves into the recently concluded 2023 financial year reporting season which presented a mixed picture. Continue…
by Roger Montgomery Posted in Market commentary, Video Insights.
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JB Hi-Fi’s FY23 results overview
Roger Montgomery
August 14, 2023
Australian-based electronics and home appliance retailer, and consumer litmus test (not forget one of the highest quality retailers in the country), JB Hi-Fi (ASX:JBH), has unveiled its FY23 results, and it’s a mix of estimate-beating gains with some slowing trends, especially in The Good Guys division. Here’s a quick dive into the numbers and what they mean for the retailer, and possibly, its shares. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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Thinking about retailers right now?
Roger Montgomery
June 14, 2023
Australian consumer-facing companies have faced unprecedented challenges and undergone significant transformation since the bushfires of 2019. From the profound impacts of the COVID-19 pandemic to violent mix-shifts from goods to services, and digital advancements, the sector has navigated a complex landscape. Continue…
by Roger Montgomery Posted in Consumer discretionary.
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JB Hi-Fi’s result tells us the consumer slowdown has already begun
Roger Montgomery
February 15, 2023
Consumer electronics and home appliances retailer, JB Hi-Fi (ASX:JBH), has just released its first-half results for FY23. For the six months to December 2022, there was a lot to like. But sales figures for January paint a picture of a more cash-strapped consumer and, by extension, a slowing economy. Continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
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Three great retail stocks to keep an eye on
Roger Montgomery
November 24, 2022
In this week’s video insight Roger suggests a repeatable way to invest, in a sector of the Australian stock market, that appears to have provided excellent returns to those who have applied it in the past. That sector is retailers, and there are three companies that should be on your watch-list. Continue…
by Roger Montgomery Posted in Editor's Pick, Video Insights.
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Why it’s so hard to be an investor right now
Roger Montgomery
May 11, 2020
Most companies are finding it nearly impossible to accurately assess the long-term impact of the COVID-19 crisis on their business. Consequently, market analysts are having an equally tough time, and their opinions can be alarmingly divergent. Recent analyst commentary on consumer goods retailer, JB Hi-Fi, is a case in point. Continue…
by Roger Montgomery Posted in Companies.
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Is it time to switch to optimism?
Roger Montgomery
May 7, 2020
After a few tough months, Australia is starting to come out of hibernation, and investors are looking ahead – as reflected in our rebounding sharemarket. But they’ll need to be selective in their stock selections, because some businesses will do far better than others in our post-lockdown world. Continue…
by Roger Montgomery Posted in Market commentary.
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Is Baby Bunting proving the doubters wrong?
David Buckland
February 20, 2020
Contrary to popular belief, not all Aussie retailers are getting smashed by the arrival of Amazon. Take Baby Bunting (ASX:BBN) for example. The nursery retailer and one-stop baby shop just posted a solid half-year, with further growth on the horizon. Continue…
by David Buckland Posted in Companies.
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JB Hi-fi reports strong numbers putting short sellers in pain
Roger Montgomery
February 10, 2020
With new chairman Stephen Goddard (former David Jones CFO and Officeworks prior to that) appointed, JB Hi-Fi (ASX:JBH) has come in with a strong result reflecting the pick-up in electronics sales reported in the national retail sales data for December. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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What did JB Hi-Fi, REA Group and James Hardie have in common coming into reporting season?
Joseph Kim
August 13, 2019
Reporting season is now underway and there have already been a few notable share price moves – JB Hi-Fi (ASX:JBH), REA Group (ASX:REA) and James Hardie (ASX:JHX) leading the way for some larger companies. Continue…
by Joseph Kim Posted in Companies.
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Fading lights at Beacon and Bingo in the Dumpster
Roger Montgomery
February 19, 2019
We have long warned of the inevitable bust that would follow the residential construction and real estate booms and now with the property market falling, it is time to think about the second and third order consequences. Continue…
by Roger Montgomery Posted in Companies.
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How long can JBH and SUL defy the retail gloom?
Roger Montgomery
February 18, 2019
JB Hi-Fi (ASX:JBH) and Super Retail Group (ASX:SUL) recently released their HY19 results. They were surprisingly strong, beating market expectations that have been progressively downgraded amid slumping national retail sales and foot traffic numbers. The question for investors is: how long can they defy the retail gloom? Continue…
by Roger Montgomery Posted in Companies.
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Short-sellers: friend or foe?
Dean Curnow
November 15, 2018
The VGI thesis on Corporate Travel Management (ASX: CTD) has certainly been grabbing the headlines. Catching up on the weekend media, you only have to google “VGI + Corporate Travel” and there is at least 10 plus updates from various publications over the last 30 days. There is certainly a dichotomy of opinions on the topic, especially amongst the financial intermediary market. Continue…
by Dean Curnow Posted in Investing Education.
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JB Hi-Fi and Good Guys report
Roger Montgomery
August 13, 2018
We’re keeping a very close eye on electronics retailers like JB Hi-Fi (ASX:JBH). Not only are they exposed to any slowdown in the economy, but they are also exposed to changes in conditions for real estate & renovation demand (especially The Good Guys) as well as credit conditions. Continue…
by Roger Montgomery Posted in Companies.
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