Published 7 May 2013 in ABC1's The Business

In this edition of ABC1′s The Business, Roger talks to Ticky Fullerton and Andrew Robertson about Virgin Australia and its prospects. Watch here.

Published 2 May 2013 in Sky Business

In these highlights from the Sky Business Switzer program broadcast on 2 May, Roger gives his view on the intrinsic value of BHP, and whether he thinks that the banks are worth a look. Watch here.

Published 1 May 2013 in ABC1's The Business

In this edition of ABC1′s The Business, broadcast on 23 April, Ticky Fullerton presents and talks to Roger Montgomery on how Apple is back in favour with investors, for now anyway, after unveiling the world’s biggest corporate bond offering. Watch here.

Published 30 April 2013 in Sky Business

In this edition of Sky Business’ Your Money Your Call, Russell Muldoon discusses the rising share prices of banks, as well as giving his views on Australand Property Group (ALZ), Asciano Limited (AIO), Data#3 Limited (DTL), CSL Limited (CSL), Silver Chef Limited (SIV) and Resmed Inc (RMD). Watch here.

Published 26 April 2013 in Sky Business

In this edition of Sky Business’ Your Money Your Call, Roger talks about how he manages volatility as well as discussing the resources sector, Silver Chef Limited (SIV), the Australian dollar, and the performance of The Montgomery [Private] Fund. Watch here.

Published 23 April 2013 in ABC1's The Business

In this edition of ABC1′s The Business, Ticky Fullerton asks Roger for his thoughts on the view that Australia may be heading towards a resource investment cliff. Watch here.

Published 9 April 2013 in Sky Business

In these highlights Your Money Your Call, broadcast on Sky Business, David Buckland discusses what the Bank of Japan’s recent actions may mean for the Australian share market, as well as giving his views on Newcrest Mining Limited (NCM), Resmed Inc (RMD), Wotif.com Holdings Limited (WTF), and Cash Converters International (CCV). Watch here.

Published 8 April 2013 in ABC1's The Business

In this interview on ABC1′s ‘The Business’, Roger discusses with Ticky Fullerton his reaction to the news that car manufacturer Holden is to cut 500 jobs in Adelaide and Melbourne. Watch here.

Published 4 April 2013 in Sky Business

In these highlights from the Sky Business’ Switzer program broadcast 4 April 2013, Roger gives his view on whether bank stocks are good dividend yield buys.

Published 27 March 2013 in ABC1's The Business

In this interview on ABC1′s ‘The Business’, Roger discusses with Ticky Fullerton why he is virtually certain that the Mining Services industry is facing disaster, and he also is highly sceptical about Telstra’s (TLS) prospects. Watch here.

This program was broadcast 27 March 2013.

Published 21 March 2013 in Sky Business Channel

In these highlights from the Sky Business Switzer program broadcast on 21 March 2013, David Buckland talks about The Montgomery Investment Management approach to valuing stocks, and discusses M2 Telecommunications (MTU), The Reject Shop (TRS), and Silver Chef (SIV). Find out what he thinks by watching the video here.

Published 19 March 2013 in Sky Business

In these highlights from the March 19 edition of Sky Business’ Your Money Your Call programme, Tim Kelley discusses whether there is still value left to be had after the recent market surge, as well as M2 Telecommunications Ltd (MTU), Codan Ltd (CDA), Woolworths Ltd (WOW), Leighton Holdings Ltd (LEI) and Silver Chef Ltd (SIV). Do they achieve the coveted A1 grade? Watch now to find out.

Published 13 March 2013 in ABC1's The Business

In discussion with Ticky Fullerton on ABC1′s The Business, Roger highlights the poor performance of NAB over the past 10 years – and also provides his insights into whether now is a good time to invest, and the unchanging nature of the television market in Australia . Watch here.

This program was broadcast on 13 March 2013.

Published 7 March 2013 in Roger Montgomery Youtube Channel

In these highlights from the Sky Business Switzer program broadcast 7 March, Roger provides his insights on how recent developments in U.S. interest rate policy and Chinese domestic construction are likely to impact the Australian market. Watch here.

Published 27 February 2013 in Roger Montgomery Youtube Channel

In these highlights from the 27 February edition of ABC1′s ‘Inside Business’, Roger discusses with Alan Kohler the results of companies including BHP, Origin Energy and Qantas.  Watch here.

Published 21 February 2013 in Roger Montgomery Youtube Channel

In the highlights from this edition of Peter Switzer’s Sky Business program broadcast 21 February 2013, Roger provides his latest insights into Origin Energy (ORG) and BHP (BHP), and also explains how applying his Value.able investment strategy still makes Wesfarmers (WES) a stock that Montgomery Investment Management won’t hold in the near term, despite its price recovery.  Watch here.

Published 14 February 2013 in Roger Montgomery Youtube Channel

In these highlights from the February 14 edition of Sky Business’ Your Money Your Call program, Roger discusses The Reject Shop (TRS), Cash Converters (CCV), UXC (UXC), Collection House (CLH), Dicker Data (DDR) and QBE (QBE) – do they achieve the coveted A1 grade? Watch now to find out, and also learn Roger’s insights into the Energy Sector. Watch here.

Published 12 February 2013 in ABC1's The Business

In discussion with ABC1′s Ticky Fullerton Roger provides his insights into the outlook for Retail Stocks in the half-year reporting period.

This interview was broadcast 12 February 2013.  Watch here.

Published 8 February 2013 in Roger Montgomery Youtube Channel

In this special ‘Bonds vs Equities’ edition of Sky Business’ Your Money Your Call (broadcast 8 February 2013), Roger provides his insights into why the so-called rotation back to equities is a fallacy for value investors, and in discussion covers a broad range of topics including:-

- Inflation Linked bonds
- The likelihood of a GFC Part 2
- The impact of the new prevalence of SMSFs
- and the performance of specific stocks including ARB Corporation, QBE and Sydney Airport

Watch here.

Published 7 February 2013 in Roger Montgomery Youtube Channel

In these highlights from The 7 February edition of the Switzer Report, Roger addresses in detail the causes for the rising Telstra share price, and how the underlying position of the company is being impacted.

Roger also discusses The Reject Shop (TRS), Kathmandu (KMD), CSL (CSL), Seek (SEK), REA Group (REA), Resmed (RMD), and Leightons (LEI) – do they achieve the coveted A1 grade? Watch now to find out.  Watch here.

Published 29 January 2013 in ABC1's The Business

In his first television appearance for 2013, Roger provides his insights into the reasons behind the recent rallies on Australian and Global Markets and how and if these trends will continue in discussion with Ticky Fullerton on ABC1′s The Business (Roger appears at 3:30). Watch here.

This edition of The Business was broadcast on Tuesday 29th January 2013.

Published 24 January 2013 in Roger Montgomery Youtube Channel

In these highlights from the 24 January of Sky Business’ Your Money Your Call Program, Tim Kelley discusses Atlas Iron (AGO), SMS Management (SMX), United Overseas Australia (UOS), Metals X (MLX), Northern Star (NST) and Oz Minerals (OZL) – do they make the coveted A1 Grade? Watch now to find out, and also learn Tim’s insights into investing in infrastructure stocks. Watch here.

Published 4 December 2012 in Roger Montgomery Youtube Channel

Do CSL (CSL), Lynas (LYC), Kingsrose (KRM), Sundance Resources (SDL), Perseus (PRU), Jumbo Interactive (JIN), Sandfire (SFR), Seek, (SEK), Fortescue (FMG), BHP (BHP), Ausdrill (ASL), Metcash (MTS), Panaust (PNA), Webjet (WEB), BSA (BSA), SP Ausnet (SPN) or Northern Star (NST) achieve the coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call 4 December 2012 program now to find out, and also learn David’s insights into resources companies.

Watch here.

Published 28 November 2012 in ABC1's The Business

Roger provides his insights into the latest dispute to bring Qantas into the headlines in this interview on ABC1′s The Business.  Watch here.

Published 21 November 2012 in Roger Montgomery Youtube Channel

Do Maxitrans (MXI), QBE (QBE), ARBE Corporation (ARP), Cobar Consolidated (CCU), IOOF (IFL), Seek (SEK), Fleetwood (FWD), Adelaide Brighton (ABC), NIDO Petroleum (NDO), Boral (BLD), Cardno (CDD), Jumbo Interactive (JIN) or Coca Cola Amatil (CCA) achieve the coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call 21 November 2012 program now to find out, and also learn Roger’s insights into value in the current market in resource stocks. Watch here.

Published 20 November 2012 in ABC1's The Business

In typically comprehensive style Roger provides his insights on Dark pools, high frequency trading, foreign investment, reserve currency and Nathan Tinkler in this interview with Ticky Fullerton on ABC1′s The Business broadcast 20 November 2012. Watch here.

Published 15 November 2012 in Roger Montgomery Youtube Channel

Do Energy Action (EAX), Central Petroleum (CTP), Perseus (PRU), Iluka Resources (ILU), AGL (AGK), Matrix (MCE), Reward Minerals (RWD), FKP Property (FKP), Rio Tinto (RIO), Telecom NZ (TEL), Hills Holdings (HIL), Aurora (AUT), DWS (DWS) Cash Converters (CCV) or NAB (NAB) achieve the coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call 15 November 2012 program now to find out, and also learn Tim’s insights on Exchange Traded Funds. Watch here.

Published 8 November 2012 in ABC1's The Business

The Federal Court’s decision against ratings agency Standard & Poors has significant implications for both the Australian and global markets – Roger provides insight into why this is so in discussion with Ticky Fullerton on ABC1′s The Business broadcast 6 November 2012, together with his insights into the latest RBA rates announcement. Watch here.

Published 6 November 2012 in Roger Montgomery Youtube Channel

Do Imdex (IMD), Sundance Resources (SDL), Woodside (WPL), Axiom Mining (AVQ), Seven West Media (SWM), Silverlake Resources (SLR), Mesoblast (MSB), Titan Energy (TTE) , Metcash (MTS), Emeco (EHL) or Magellan (MFG) achieve the coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call 6 November 2012 program now to find out, and also discover how David approaches investing in small cap mining stocks.  Watch here.

Published 17 October 2012 in Roger Montgomery Youtube Channel

Do CSL (CSL, Silverlake (SLR), FKP (FKPDA), Breville Group (BRG), Codan (CDA), QBE Insurance (QBE), NAB (NAB), Wesptac (WBC), AMP (AMP), ALS (ALQ), Prima (PRR), Rio Tinto (RIO), Lynas (LYC), or Mesoblast (MSB) achieve the coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call 17 October 2012 program now to find out, and also learn Russell’s insights into the commodities sector. Watch here.

Published 10 October 2012 in Roger Montgomery Youtube Channel

Do Ten Network (TEN), Seven West Media (SWM), Aurora Oil (AUT), Origin Energy (ORG), Santos (STO), Cedar Woods (CWP), Slater and Gordon (SGH), IMF (IMF), Roce Oil (ROC), The Reject Shop (TRS), Challenger (CGF), Bluescope (BSL) or Adelaide Brighton (ABC) achieve the coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call 10 October 2012 program now to find out, and also hear Tim’s thoughts on the big Aussie banks. Watch here.

Published 10 October 2012 in ABC1's The Business

Roger discusses the recent developments in respect of Channel 9 and CVC, and the ongoing pressure on Australian retailers from online purchasing with Ticky Fullerton on this edition of ABC1′s The Business broadcast 10 October 2012.  Watch here.

Published 3 October 2012 in Professional Planner Online

Roger Montgomery discusses how he engages with his investors in this Professional Planner Online video. Watch here.

Published 3 October 2012 in ABC1's The Business

Roger Montgomery has some clear insights into the challenges facing Australian department stores, and he provides them to Ticky Fullerton on ABC’s The Business broadcast 26 September 2012. Watch here.

Published 25 September 2012 in Roger Montgomery Youtube Channel

Do  Sedgman (SMD), Decmil Group (DCG), cochlear (COH), Seek (SEK), IAG (IAG), Resolute Mining (RSG), Magellan Financial Group (MFG), Syrah Resources (SYR), ASG (ASZ), Goodman Group (GMG), Silex Systems (SLX), AMP (AMP) or Service Stream (SSM) achieve Roger’s and Tim’s coveted A1 grade? Watch this edition  of Sky Business’ Your Money Your Call broadcast 25 September 2012 program now to find out, and also learn Tim’s insights to the outlook for Cabcharge (CAB).  Watch here.

Published 20 September 2012 in Roger Montgomery Youtube Channel

Do Silex Systems (SLX), Condor Blanco Mines (CDB), Codan (CDA), Webjet (WEB), Tasman Resources (TAS), M2 Telecommunications (MTU), Magellan (MPG), Iluka Resources (ILU), Arrium (ARI), TPG (TPM), ASG Group (ASZ), Incitec Pivot (IPL) and Sirius Resources (SIR) and achieve the Montgomery coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call broadcast 20 September 2012 now to find out, and also learn David’s insights into the issues facing Australian retail.  Watch here.

Published 12 September 2012 in Roger Montgomery YouTube Channel

Do Regis Resources (RRL), Silverlake Resources (SLR), Decmil Group (DCG), BC Iron (BCI), Corporate Travel Management (CTD), Sirius Resources (SIR), Sirtex Medical, SRX), Rio Tinto (RIO), Energy Action (EAX), ASG Group (ASZ), Seek (SEK) and Eastland Medical (EMS) makeRoger’s coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call broadcast 12 September 2012 to find out, and also learn Roger’s insights into the best opportunities. Watch here.

Published 10 September 2012 in ABC1's The Business

One of the constants of the last 10 years is market commentators saying that “this time is different” – we believe that the principles of of value investing  never change, and Roger articulates the reasons why in this interview with Ticky Fullerton (and Marcus Padley!) on ABC1′s The Business, broadcast 7 September 2012.  Watch here.

Published 10 September 2012 in ABC1's Inside Business

Computershare’s court victory allows it to proceed with its digital post business – and Roger Montgomery discusses its potential in this edition of ABC1′s Inside Business broadcast 2 September 2012 . Watch here.

Published 10 September 2012 in ABC1's Inside Business

Roger Montogmery provides some advice for Chief Executives looking for new roles in this discussion on ABC1′s Inside Business broadcast 2 September 2012.  Watch here.

Published 10 September 2012 in ABC1's Inside Business

Roger Montgomery discusses how the dramatic volatility in the price of iron ore is likely to continue in this discussion on ABC1′s Inside Business broadcast 2 September 2012.  Watch here.

Published 10 September 2012 in ABC1's Inside Business

Learn Roger Montgomery’s insights into the latest 2012 results announcements in this discussion on ABC1′s Inside Business broadcast 2 September 2012.  Watch here. 

Published 3 September 2012 in ABC1's Inside Business

Learn of Roger Montgomery’s thoughts on the latest changes to the Carbon Scheme announced by the Gillard government in the this edition of ABC1′s Inside Business broadcast 2 September 2012.  Watch here.

Published 30 August 2012 in Sky Business YMYC

Do Gerard Lighting Group (GLG), Woodside Petroleum (WPL), Vocus Communications (VOC), CSL (CSL), Credit Corporation (CCP), Silex Systems (SLX), Boart Longyear (BLY), Mineral Holdings (MIN) and NRW Holdings (NWH) make the coveted Skaffold A1 score? Watch this edition of Sky Business’ Your Money Your Call broadcast 25 July 2012 to find out, and also learn Russell’s thoughts on the state of the Australian residential construction market. Watch here.

Published 15 August 2012 in ABC1's The Business

Roger provides his Value.able insights into Leighton Holdings (LEI) and National Australia Bank (NAB) to Ticky Fullerton in this edition of ABC1′s “The Business” braodcast 14 August 2012.  Watch here.

Published 1 August 2012 in Roger Montgomery Youtube Channel

Do Newcrest Mining (NCM), Breville Group (BRG), Commonweath Bank (CBA), Westpac (WBC), Wotif.com (WTF) and CSL (CSL) make Roger’s coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call broadcast 1 August 2012 to find out, and also learn Roger’s current insights into the Mining Services sector. Watch here

Published 30 July 2012 in ABC1

And what are Roger Montgomery’s Value.able Insights into the latest market developments? Learn more in this edition of ABC1′s “Inside Business” broadcast 29 July 2012.  Read/Watch here.

Published 18 July 2012 in ABC's The Business

Roger Montgomery certainly thinks so, and he discusses with Ticky Fullerton how his Value.able investing strategy provides much lower valuations of the current market in this interview on ABC’s The Business broadcast 18 July 2012.  Watch here.

Published 25 June 2012 in ABC's The Business

With 580 jobs to go, Perpetual is attempting to cut its way back to exceptional performance – however Roger Montgomery discusses why its glory days will be hard to recapture in this interview broadcast on ABC’s The Business on 25 June 2012.  Watch here.

Published 18 June 2012 in ABC1 The Business

Fairfax Media’s restructure announcement has been welcomed by the market, but what prospects does their revised business model have for future profitability?  Roger Montgomery provides his Value.able insights to ABC1′s Ticky Fullerton in this edition of ‘The Business’ broadcast on 18 June 2012. Watch here.

Published 15 June 2012 in ABC1's The Business

Roger Montgomery discusses why he foresees Gina Rinehart’s substantial shareholding will deliver her board representation in Fairfax Media (FXJ) in this interview with Ticky Fullerton from the 15 June 2012 edition of ABC1′s ‘The Business’. Watch here.

Published 5 June 2012 in ABC News

Roger Montgomery discusses why the forecast profit downgrade foreshadows some creative accounting treatments at financial year end for Qantas in this ABC News interview broadcast 5 June 2012.  Watch/Read here.

Published 4 June 2012 in ABC News 24

Roger Montgomery discusses his Value.able Insights into the the recent losses in the Australian share market, and what the short term future may hold for investors.  Watch here.

This interview was broadcast on ABC News 24 on 4 June 2012.

Published 3 June 2012 in ABC1's Inside Business

In this edition of ABC1′s Inside Business Roger Montgomery discusses his insights into the causes of the recent market losses and how Value Investors should be interpreting the changes – Roger appears commencing 3:27. Watch here.

This program was broadcast on 3 June 2012.

Published 22 May 2012 in Roger Montgomery Youtube Channel

Do Jumbo Interactive (JIN), Seven West Media (SWM), Matrix Composites (MCE), Toll Holdings (TOL), Blackmores (BKL), Seek (SEK), Silverlake resources (SLR), Paladin Energy (PDN) and Qantas (QAN) make Roger’s coveted A1 grade?  Watch this edition of  Sky Business’ Your Money Your Call broadcast 22 May 2012 to find out.  Watch here.

Published 15 May 2012 in ABC1's The Business

Roger Montgomery is not surprised by the slump in Mining Services share prices – here he discusses with Ticky Fullerton on ABC’s The Business how the growth in supply and the limits to Chinese demand have allowed value investors to anticipate the current share price levels. Watch the video.

This interview was broadcast on ABC1′s The Business on 15 May 2012.

Published 9 May 2012 in Roger Montgomery Youtube Channel

Do Indochine Mining (IDC), Silverlake Resources (SLR), Iluka Resources (ILU), Horizon Oil (HZN), Boart Longyear (BLY), Newcrest Mining (NCM), BHP Billiton (BHP), Rio Tinto (RIO), Think Smart (TSM), New Hope Coal (NHC), Ludowici (LDW), Alumina (AMC), Flight Centre (FLT), Hawkley Oil & Gas (HAG), M2 Communications (MTU), Northern Star (NST), Codan (CDA) or Onesteel (OST) make Roger’s coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call broadcast 9 May 2012 to find out.  Watch here.

Published 2 May 2012 in

In this 2 May 2012 ASX Investor Hour presentation, Roger explains that while many investors focus solely on price, he (like Warren Buffett) selects his stocks, to buy or to sell, by comparing their current price to the value he ascribes to them. Roger discusses about his value principles and the technology he uses to filter stocks (www.skaffold.com).  Watch video here and view slides here.

Published 2 May 2012 in ASX Youtube Channel

Join Roger as he discusses his Value.able approach to picking the best stocks for this ASX Investor Hour presentation delivered 2 May 2012.  Watch here.

Published 2 May 2012 in ABC's The Business

Learn Roger Montgomery’s Value.able insights into the latest 50 basis point cut in the the base rate and how it may impact housing prices in this interview with ABC The Business’ Ticky Fullerton broadcast 2 May 2012. Watch here.

Published 17 April 2012 in ABC's The Business

Roger Montgomery places context around the latest job losses at Toyota, and also discusses management and staff relations versus company performance at Leighton Holdings (LEI) with Ticky Fullerton on ABC’s ‘The Business’.  Roger appears at 8:03.   Watch the Inteview.

Published 14 April 2012 in Roger Montgomery Youtube Channel

Do New Hope Corporation (NHC), Northern Star Resources (NST), Mt Gibson Iron (MGX), Navarre Minerals (NMC), Allmine Group (AZG), Credit Corp Group (CCP), Matrix composites (MCE), Coffey International (COF), Data #3 (DTL), Breville Group (BRG), UGL (UGL), QR National (QRN) and Seymour Whyte (SWL) make Roger’s coveted A1 grade?  Watch this edition of  Sky Business’ Your Money Your Call broadcast 14 April 2012 to find out, and also learn Roger’s current insights into the Mining Services sector. Watch here.

Published 10 April 2012 in Roger Montgomery Youtube Channel

Do Lonrho Mining (LOM), Integrated Research (IRI), Hawkley Oil and Gas (HOG), Boart Longyear (BLY), Forge (FGE) and Environmental CleanTechnologies (ESI) achieve Roger and coveted A1 grade? Watch Part 2 of Sky Business’ Your Money Your Call 10 April 2012 program now to find out. Watch here.

Published 10 April 2012 in Roger Montgomery Youtube Channel

Do Thorn Group (TGA), Maverick Drilling (MAD), Campbell Brothers (CPB) and Galaxy Resources (GXY) achieve Roger’s coveted A1 grade? Watch Part 1 of Sky Business’ Your Money Your Call 10 April 2012 program now to find.  Watch here.

Published 3 April 2012 in ABC1's The Business

Roger Montgomery discusses with Ticky Fullerton on ABC1′s ‘The Business’ how the ever-increasing climb of Apple’s share price is likely to come under pressure.  Watch here.

This edition of The Business was broadcast 4 April 2012.

Published 14 March 2012 in Roger Montgomery Youtube Channel

Do BHP Billiton (BHP), Rio Tinto (RIO), Dominoes Pizza (DMP), Myers (MYR), Range Resources (RRS), IRESS (IRE), Acrux (ACR), Haranga Resources (HAR) QBE Insurance (QBE), Westpac (WBC), Credit Corp (CCP), Matrix Composites (MCE), Caltex (CTX) Graincorp (GNC) and Seek (SEK) make Roger’s coveted A1 grade?  Watch this edition of Sky Business’ Your Money Your Call broadcast 14 March 2012 to find out.  Watch here.

Published 29 February 2012 in Roger Montgomery Youtube Channel

Do BHP Billiton (BHP), Fortescue Metals (FMG), Seek (SEK), Bluescope Steel (BSL), GR Engineering (GNG), CSL (CSL), Peak Resources (PEK), Harvey Norman, (HNN), Buru Energy (BRU), The Reject Shop (TRS), ASG Group (ASZ), Tatts Group (TTS) and  Webject (WEB) make Roger’s coveted A1 grade?  Watch this edition of  Sky Business’ Your Money Your Call broadcast 29 February 2012 to find out.  Watch here.

Published 21 February 2012 in ASX Investor Hour

In his ASX Investor Hour presentation of 21 February 2012, Roger argues that whether you invest on the basis of fundamentals or technical analysis, your buying and selling decisions should always be made in the light of your valuation of the company. Roger explains the factors he takes into account in assessing the value of companies, the systems he uses to do those valuations and talks about some of the companies that he currently regards as good value.  Watch video here and view the slides here.

Published 21 February 2012 in ASX Investor Hour

Roger Montgomery shows investors how he uses Skaffold to find great value stocks at the ASX Investor Hour Sydney. Watch the video.

Published 21 February 2012 in ASX Investor Hour Sydney

Roger Montgomery shows investors how he uses Skaffold to find great value stocks at the ASX Investor Hour Sydney. Watch the video.

Published 7 February 2012 in ABC1's Lateline Business

Is limited competition placing pressure on interest rates and stifling the RBA’s monetary policy options?  Roger Montgomery discusses his views with Ticky Fullerton on the ABC1′s Lateline Business on 7 February 2012.  Watch here.

Published 1 February 2012 in Sky Business' Switzer

Do David Jones (DJS), Myer (MYR), ARB Corporation (ARP), Oroton (ORL), Billabong (BBG), JB Hi-Fi (JBH), Harvery Norman (HVN) or Campbell Brothers (CPB) make Roger’s coveted A1 grade?  Watch this edition of  Sky Business’ Switzer program broadcast 1 February 2012 to find out and also learn Roger’s views on the pricing of the upcoming Facebook IPO.  Watch here.

Published 11 October 2011 in ABC Lateline Business

Montgomery Investment Management founder Roger Montgomery reassures stock market investors that its quite easy to value a business. Using Roger’s simple Value.able formula, investors can value any business, listed or unlisted. ”If you simply take the return on equity, divide it by the required return, so the return that you think is reasonable, and multiply it by the book value, you’ve got a valuation that’s going to be pretty sensible” Roger said. Read the transcript or watch the interview at www.abc.net.au.

Published 6 October 2011 in Your Money Your Call

Roger Montgomery seeks out extraordinary A1 businesses whose share prices are trading at prices less than they’re worth. Roger also looks for businesses that produce a high rate of return on equity, have little or no debt and whose intrinsic value is forecast to rise over the coming years. Do CSL, Cardno (CDD) and Saracen Minerals (SAR) achieve Roger’s coveted A1 grade? Watch this interview and also discover Roger’s 2012 forecast Value.able intrinsic value for Cardno Limited. Watch the interview

Published 6 October 2011 in Your Money Your Call

In this appearance on Your Money Your Call with Chris KImber, Roger Montgomery shares his Value.able insights on Vocus Communications and Matrix C&E. Roger also answers a viewer question on stop losses and explains why Lend Lease fails to make his A1 grade. Watch the interview

Published 6 October 2011 in Your Money Your Call

When stock markets ‘correct’, many investors become fearful. Nervous of further losses, investors sell out, causing share prices to fall even further. Value.able Graduates, like Roger Montgomery, embrace market volatility as an opportunity to acquire shares in extraordinary A1 businesses at prices less than they’re worth. In this appearance on Your Money Your call with Chris Kimber, Roger Montgomery reveals his step-by-step strategy you can follow to navigate turbulent markets. Roger also shares his Value.able insights on Computershare, Fairfax and M2 Telcommunications. Watch this interview and discover which business achieves Roger’s coveted A1 Quality Score. Watch the interview

Published 6 October 2011 in Switzer TV

You’ve acquired shares in a company at a price less than your estimate of it’s Value.able intrinsic value, yet the share price continues to slide (Lend Lease, Babcock and Brown). Maybe your estimate of the company’s Value.able intrinsic value was based on misleading information (ABC Learning Centres)? Or the company just wasn’t investment grade, despite the stock market’s enthusiasm (Leighton Holdings)? In this appearance on Switzer TV with Peter Swizter, Roger Montgomery reveals his Value.able strategy you can follow to avoid ‘value traps’ and build a portfolio of A1 stocks. Roger also shares his step-by-step guide for avoiding poor quality businesses. Watch the interview.

Published 23 September 2011 in Switzer TV

Imagine you inherited a portfolio that included Ausdrill (ASL), Boart Longyear (BLY), Monadelphous Group (MND), Bradken (BKN), UGL Limited (UGL), Fortescue (FMG), BlueScope (BSL), Oz Minerals (OZL), Incitec Pivot (IPL), Mirabela Nickel (MBN), Myer (MYR), Fleetwood Corp (FWD), Santos (STO), Oil Search (OSH), Reckon (RKN), Iress (IRE), Roc Oil (ROC), Webjet (WEB), Forge Group (FGE), Mineral Resources (MIN), Clean Seas Tuna (CSS), McMillan Shakespeare (MMS) and Galaxy Resources (GXY). In this appearance on Switzer TV with Peter Switzer, Roger Montgomery reveals is Quality Scores for these companies and shares his thoughts on how to manage the transition of this portfolio. Watch this interview and discover what stocks Roger would sell, and what stocks he would add to the portfolio. Watch the interview.

Published 14 September 2011 in Your Money Your Call

Cochlear (COH) is one of just a few Australian businesses that can be compared to the likes of Coca-Cola and Johnson & Johnson. So when the company recently announced a recall of its market-leading product, the share market reacted. Does Roger Montgomery believe this is a once-in-a-lifetime opportunity to acquire shares in this extraordinary A1 company at a price less than his estimate of its Value.able intrinsic value? In this appearance on Your Money Your Call, Roger also shares his insights on Drilltorque (DTQ), Matrix (MCE) and gold stocks Silverlake Resources (SLR) and Troy (TRY). Watch the interview.

Published 14 September 2011 in Your Money Your Call

If Roger Montgomery had the opportunity to buy shares in Corportae Travel Management when it floated, he would have jumped at the opportunity. Today the intrinsic value of CTD is $1.58 and is forecast to rise to $1.90 over the next three years. Like Hansen Technologies (HSN), CTD achieves Roger Montgomery’s coveted A1 status. In this appearance on Your Money Your Call, Roger also shares his Value.able insights on the demise of Leighton and the future prospects for QBE. Watch the interview.

Published 11 September 2011 in ABC Inside Business

Australia’s one-time construction champion, Leighton Holdings, is facing a share holder class action following the recent significant decline in the companies share price. In this interview with Alan Kohler, Roger Montgomery shares his insights into the declining economics of the Leightons business. Read the transcript

Published 8 September 2011 in Switzer TV

In this appearance on Switzer TV with Peter Switzer, Roger Montgomery searched through large caps, mid caps, small caps and micro caps to uncover a list of A1 and A2 businesses. He then filtered out those companies who achieve a Return on Equity greater than 20 per cent, currently offer a safety margin greater than 10 per cent and whose intrinsic value is forecast to rise by at least six per cent over the next three years. Watch this interview and discover nine companies that make Roger Montgomery’s A1 grade. Watch the interview.

Published 25 August 2011 in Switzer TV

Following Woolworths latest results announcement, Roger Montgomery shares his insights on why Australia’s leading retailer failed to meet the markets expectations. Roger said ‘WOW is lowering their prices to drive profit growth, which is not sustainable or good for our country’. In this appearance on Switzer TV, Roger also highlights the key data points that investors should look for when analysing annual reports. Watch the interview.

Published 17 August 2011 in Your Money Your Call

In this appearance on Your Money Your Call, Roger Montgomery answers viewer questions on McMillan Shakespeare (ASX:MMS),  Ansell (ASX:ANN) Think Smart (ASX:TSM), Thorn Group (ASX:TGA), GR Engineering (ASX:GNG) and Technology One (ASX:TNE). Roger also reveals which gold stock continues to attract his Value.able eye? Watch the interview.

Published 17 August 2011 in Your Money Your Call

Your teenager wants to invest in the stock market. They have $6000 sitting in an ‘advantage saver’. What should they do? Roger Montgomery suggests this young investor seek out businesses with high rates of return on equity, little or no debt and bright prospects. The final step is to ensure shares in such businesses are acquired at prices less than they’re worth. In this interview Roger also shares his suggested portfolio allocation strategy to minimise risk for this young investor and reveals why he was pleased by Credit Corps (ASX:CCP) full-year results. Watch the interview.

Published 17 August 2011 in Your Money Your Call

In this appearance on Your Money Your Call, Roger Montgomery reveals nine extraordinary businesses he recently acquired for The Montgomery [Private] Fund. Roger urges investors not to be fearful of market downturns, but rather embrace the opportunity to acquire extraordinary A1 businesses for prices less than they’re worth. Roger also answers viewers’ questions on Forge (ASX:FGE), Macmahon Holdings (ASX:MAH) and Decmil (ASX:DCG) – whose intrinsic value is forecast to rise to above $8 by 2013? Watch the interview.

Published 11 August 2011 in Switzer TV

The Dow Jones dropped 500 points. The ASX immediately followed. Is this rational investing or just another correction? In this appearance on Switzer TV with Peter Switzer, Roger Montgomery reveals eight extraordinary A1 companies whose shares are trading at prices below his estimate of their Value.able intrinsic value. Roger reveals Flight Centre (ASX:FLT), Data#3 (ASX:DTL), Oroton (ASX:ORL) and Cash Converters (ASX:CCV). What other extraordinary businesses make Roger Montgomery’s A1 grade? Watch the interview.

Published 28 July 2011 in Switzer TV

Businesses that achieve Roger Montgomery’s A1 grade generally have good cash flow and bright prospects. In this appearance with Peter Switzer on the Sky Business Channel, Roger reveals which small-cap, biotech company has achieved his top A1 Montgomery Quality Rating (MQR). Watch the interview.

Published 19 July 2011 in Your Money Your Call

In this episode of Your Money Your call, Roger Montgomery answers viewers questions on Rio (ASX:RIO), Credit Corp (ASX:CCP), Coal & Allied Industries Limited(ASX:CNA), Acrux (ASX:ACR ) and Lynas (ASX:LYC). Roger also reveals his views on the Carbon tax and the impact it could have on Australian businesses. Watch the interview.

Published 19 July 2011 in Your Money Your Call

In this episode of Your Money Your Call, Roger Montgomery answers viewers questions on Prima Biomed(ASX: PRR) Demcil (ASX:DCG) Monodelphus (ASX:MND). Roger also revels which A2 retail business has caught his eye. Watch the interview.

Published 19 July 2011 in Your Money Your Call

In this episode of Your Money Your Call, Roger Montgomery share with viewers why a market decline is not a time of concern, but a time to look for extraordinary quality businesses at a discount to intrinsic valuue. Roger also answers viewers questions on Iress (ASX:IRE) Eastern Star (ASX: ESG) and Sundance (ASX:SDL). Watch the interview.

Published 14 July 2011 in Switzer TV

Roger Montgomery talks to Peter Switzer about Julia Gillard’s proposed carbon tax and shares his thoughts on its potential consequences for VIRGIN (ASX:VBA), ORIGIN (ASX:ORG), Qantas (ASX:QAN), Bluescope Steel (ASX:BSL), Orica (ASX:ORI ), Boral (ASX:BLD), Incitec (ASX:IPL), CSR (ASX:CSR), Santos (ASX:STO), OneSteel (ASX:OST), Woodside (ASX:WPL), Caltex (ASX:CTX), BHP (ASX:BHP), RIO (ASX: RIO), Newcrest (ASX:NCM). Watch the interview.

Published 13 July 2011 in Your Money Your Call

In this appearance on Your Money Your Call, Roger Montgomery answers viewers questions on his A1 companies, including JB Hi-Fi, M2 telecommunications and Oroton. Roger also shares his thoughts on the future of the retail sector and reveals his favourite mining companies. Watch the interview.

Published 13 July 2011 in Your Money Your Call

In this appearance on Your Money Your Call, Roger Montgomery answers viewers questions on Blusescope Steel (ASX:BSL), UGL Limited (ASX:UGL), Cash Converters (ASX:CCV), Energy Resources of Australia Limited (ASX:ERA) and Murchinson Metals Ltd (ASX:MMX). In this rare circumstance,  Roger also shares his ‘prediction’ for the future of Iron ore. Watch the interview.

Published 30 June 2011 in Switzer TV

If given $100,000 to invest in the stock market, would Roger Montgomery spread the money equally across the portfolio or invest a larger percentage in the very best stocks that are trading at prices less than they’re worth? In this appearance on Switzer TV with Peter Switzer, Roger explains why he thinks investors could achieve the greatest benefit by investing in between 10-20 companies – and no more! Watch this interview and discover seven stocks that achieve Roger’s highest A1 and A2 Montgomery Quality Ratings (MQR). Watch the interview.

Published 22 June 2011 in Your Money Your Call

Warren Buffet is considered a genius when it comes to investing in insurance businesses. Does Roger Montgomery agree? In this appearance on Your Money Your call, Roger also explains why Fleetwood (ASX:FWD) , Monodelphus (MND), Rio Tinto (ASX:RIO) and BHP (ASX: BHP) achieve some of his highest quality and performance scores. Watch the interview.

Published 22 June 2011 in Your Money Your Call

Like Value.able graduates, Roger Montgomery values the best stocks and buys them for less than they’re worth. In this appearance on Your Money Your Call, Roger shares his insights on the long term prospects for uranium producer Paladin and also answers viewer questions about Mincor (ASX:MCR), Ket, Galaxy Resources and Kimberley rare earths. Watch this video and you will also discover Roger Montgomery’s forecast Value.able valuation for the Australias XJO and XAO indicies. Watch the interview.

Published 22 June 2011 in Your Money Your Call

In this appearance on Your Money Your Call with Chris Kimber, Roger Montgomery answers viewer questions on Amcor (ASX:AMC), Emeco Holdings Ltd (ASX:EHL), McMillan Shakeaspare (ASX:MMS) and Medusa Mining (MML). Roger also reveals which bank is offering the largest discount to his estimate of its Value.able intrinsic value. Watch Roger’s interview.

Published 21 June 2011 in ABC Lateline Business

Shares in Australian brewing giant Foster’s rose after it dismissed a $9.5 billion takeover bid from SABMille. Roger Montgomery said “The board needs to create some competitive tension in order to extract the best possible price they can for Foster’s shareholders.” Read the transcript.

Published 15 June 2011 in Switzer TV

Businesses that achieve Roger Montgomery’s A1 grade generally have good cash flow and bright prospects. In this appearance with Peter Switzer on the Sky Business channel, Roger Montgomery shares his quick back-of-the-envelope Value.able cashflow calculation for Monadelphous, Technology One, Forge, Fleetwood and ARB Corp. Roger’s advice? Turn off the noise of the stock market and focus on buying the best stocks for less than they’re worth. Watch the interview.

Published 15 June 2011 in Switzer TV

On 2 June 2011, Roger Montgomery revealed his quick-back-of-the-envelope Value.able method investors can follow to calculate cash flow. In this appearance on Switzer TV with Peter Switzer, Roger reveals four businesses that don’t make his A1 grade, including Naomi cotton, Funtastic, Lend Lease and Nexus Energy. Businesses with poor cash flow generally generate low profits and have high debt. Investor’s would be better to avoid such businesses. Watch the interview.

Published 2 June 2011 in Switzer TV

In the lead up to reporting season, Roger Montgomery says it’s a good time to work out which companies in your portfolio are actually making money. In this appearance on Switzer TV, Roger reveals, step by step his quick-back-of-the-envelope Value.able method you can follow to get to the heart of a company’s true cash flow performance. Watch the interview.

Published 1 June 2011 in CNBC

Roger Montgomery talks to CNBC’s Oriel Morrison about the future of the Australian economy, and why a market decline is a good opportunity to find quality businesses trading below their Value.able intrinsic value. Roger believes that retail is precisely the sector to be looking for the best stocks and buying them for less than they’re worth right now. Watch the interview.

Published 19 May 2011 in Switzer TV

The best online businesses are lists – seek.com.au, realestate.com.au, carsales.com.au and Wotif.com.au are just four listed on the ASX. What are the risks associated with investing in online businesses? Loss of competitive advantage. Is carsales.com.au at risk? In this appearance on Switzer TV Roger Montgomery also reveals his Value.able intrinsic valuations for Carsales, Seek and Wotif. Watch the interview.

Published 18 May 2011 in Your Money Your Call

Of the 2000-odd stocks listed on the Australia Stock Exchange, only 56 achieve Roger Montgomery’s coveted A1 quality and performance score. Of those 56, less than 15 are trading at discount to Roger’s estimate of their Value.able intrinsic value. And less than six are being offered at prices at least 20 per cent less than they’re worth. In this appearance on Your Money Your Call Roger also shares his Value.able intrinsic valuations for Perpetual Limited (ASX:PPT, Q&P:B1), Worley Parsons (ASX:WOR, Q&P:A3), Flinders Mines (ASX:FMS, Q&P: A4), Gindalbie Metals (ASX:GBG, Q&P: A4) and Atlas Iron (ASX:AGO, Q&P: A3). Is Roger Montgomery buying any of these stocks right now? Watch the interview

Published 18 May 2011 in Your Money Your Call

In this appearance on Your Money Your Call, Roger Montgomery answers viewer questions on Macquarie Telecoms Group (ASX:MAQ), BMA Gold Limited (ASX:GDO), Rialto Energy (ASX:RIA), Computershare (ASX:CPU) and M2 Telecommunications Group. Roger also shares his thoughts on SGX’s failed takeover of the Australian Stock Exchange, carsales.com.au’s enduring network effect of, to much anticipation, Roger reveals an A1 business that is cheap right now. Watch the interview.

Published 18 May 2011 in Your Money Your Call

Roger Montgomery believes Cash Converters is a high quality business, but can this reseller of second hand goods surpass JB Hi-Fi as Roger’s preferred retail stock? In this appearance on Your Money Your call Roger also shares his thoughts on OneSteel (ASX:OST), Treasury Group (ASX:TRG), Lynas Corporation (ASX:LYC) and Focus Minerals (ASX:FML). Is Focus the mystery gold stock Roger Montgomery has been buying for The Montgomery [Private] Fund? Watch this interview to find out! Watch the interview.

Published 5 May 2011 in Switzer TV

Overpaying for assets is not a characteristic unique to ‘mum and dad’ investors. CEOs in Australia have a long and proud history of burning shareholders’ funds to fuel their bigger-is-better ambitions. In this interview with Peter Switzer, Roger Montgomery discusses PaperlinX, Fairfax, Foster’s, Zinifex and Oxiana. In Roger’s opinion, the CEOs of these businesses have consistently overpaid for assets, driven down their returns on equity and made the Value.able value of intangible goodwill carried on the balance sheet look absurd. Which Australian business does Roger Montgomery believe has consistently acquired other businesses at the right price? Watch the interview.

Published 21 April 2011 in Switzer TV

ASIC specifies the information that companies seeking to float on the ASX must include in their prospectus. Yet Australia’s corporate landscape has a scattered history of hyped up floats followed by disappointment for many investors — Telstra, Qantas and Cool or Cosy are just a few. In this appearance with Peter on Switzer TV Roger Montgomery tells investors exactly what to look for in a prospectus. Roger’s advice? Go to the second last page – the Pro Forma balance sheet. And Roger’s advice for ASIC? Ensure vendors specify the impact of the float on the post listing balance sheet, write the prospectus in natural English and put the most important page – the Pro Forma balance sheet – on Page One! Watch the interview at youtube.com/rogerjmontgomery.

Published 13 April 2011 in Your Money Your Call

Roger Montgomery has picked some winning A1 stocks over the past twelve months — Forge and Matrix are just two. In this appearance on Your Money Your Call Roger reveals a new small cap stock that makes his Value.able grade. Roger also shares his insights on AMP, Woodside (WPL), Paladin Energy (PDN), TFS Corporation (TFC), and Australia’s big four banks. Is CBA still Roger’s preferred bank stock? Watch the interview.

Published 13 April 2011 in Your Money Your Call

In this appearance on Your Money Your call Roger Montgomery shares his thoughts about CEOs and founding shareholders selling shares. Does he begrudge Matrix CEO Aaron Begley selling 350,000 recently? Absolutely not! Roger also reveals his Value.able formula for calculating the cash burn rate of mining exporation businesses. Watch the interview.

Published 30 March 2011 in ABC The World Today

The head of Qantas says high fuel costs and a series of natural disasters means the company is facing its most serious challenge since the global financial crisis. Today the airline’s chief executive Alan Joyce announced the company will retire aircraft, reduce flights to Japan and New Zealand, and cut staff. Roger Montgomery said “If they keep going the way they’ve been going – with the amount of planes that they’ve got, the amount of staff that they’ve got, the routes that they’ve got and the prices that they’ve got – then yes they’ll have to keep increasing the amount of money that’s contributed to the business”. Read transcript.

Published 24 March 2011 in Switzer TV

Peter Switzer asked Roger Montgomery to reveal which small cap stocks achieve his A1 Montgomery Quality Rating (MQR). Forge Group (FGE), Matrix Composite (MCE) and Think Smart (TSM) have been on Roger’s list for a while. They all pass Roger’s Value.able criteria for extraordinary businesses – good quality, bright prospects, low debt, competitive advantage and rising intrinsic values. In this interview Roger reveals three new stocks that look set to make his A1 grade, plus his Value.able estimate of their intrinsic value. Watch the interview.

Published 21 March 2011 in ABC Lateline Business

Wesfarmers’ $20 billion purchase of the Coles group is Australia’s biggest takeover, but Roger Montgomery says shareholder value has being destroyed. Read transcript.

Published 10 March 2011 in Switzer TV

Vocus Communications isn’t an A1, yet. But is a stock Roger Montgomery likes. Earlier this month, after writing about VOC in Alan’s Eureka Report and Money magazine, Roger shared his thoughts with Peter on Switzer TV. The following week Peter interviewed Vocus CEO James Spenceley. Watch the highlights.

Published 24 February 2011 in Your Money Your Call

Published 24 February 2011 in Your Money Your Call

In this appearance on Your Money Your Call, Roger Montgomery tells investors Atlas Iron scores highly on his Montgomery Quality Rating (MQR) but cautions its future is reliant upon the price of iron ore. Roger also reveals his 2012 forecast Value.able valuation for small appliance manufacturer Breville and shares his concerns about the future growth prospects of The Reject Shop. Watch the interview.

Published 24 February 2011 in Your Money Your Call

Roger Montgomery shared his insights into the future prospects of Karoon Gas, Matrix Composite & Engineering, Forge, Bell Financial and Think Smart with viewers of Your Money Your Call on the Sky Business Channel. Of these small cap stocks, which scores Roger’s highest Montgomery Quality Rating, A1? Roger also comments on the impact of coal seam gas and why airlines and car manufacturers erode the wealth of their shareholders. Watch the interview.

Published 10 February 2011 in ABC The Midday Report

Following the release of Telstra’s half yearly financial results, Roger Montgomery shares his views with Ros Childs on the ABC’s Midday Report. Fast Forward to 10:50 to see Roger’s interview. Watch the interview.

Published 10 February 2011 in Switzer TV

Peter Switzer asked Roger Montgomery to reveal six of his cheapest A1 stocks. In Roger’s A1 list are three retail businesses, a supplier of oil well equipment, an auto part manufacturer and another that services the casino and gambling industry. Which business is Roger Montgomery’s hot A1 pick for 2011? Watch the interview.

Published 10 February 2011 in Switzer TV

In late 2010 Peter Switzer set Roger Montgomery a challenge – create a portfolio of A1 businesses that will outperform the market. Whilst Roger does not trade short-term, on Thursday 10 February 2011 he revealed the results of his A1 portfolio. Of the 10 A1 businesses Roger named, the share prices of two rose 25 per cent, another two rose 12 per cent and the remainder returned an average of seven per cent. That’s an average share price appreciation of around 10 per cent in just six weeks! The All Ords returned 5.7 per cent over the same period. Even Roger’s A1 businesses that were trading at prices higher than his Value.able intrinsic value returned an average of 10.5 per cent. It just goes to show that Roger’s Value.able method of valuing only the best stocks, his A1s, and buying them for less than they’re worth, can beat the market. In this interview Roger also shared his thoughts on Telstra following the company’s recent results announcement. Watch the interview.

Published 2 February 2011 in ABC Lateline Business

Toll operator Transurban is set to release its results tomorrow. Roger Montgomery tells ABC reporter Andrew Robertson the company is still in business because the revenue is sufficient to meet the expenses and also the dividends they are paying, however if interest rates were to rise, debt would become an acute burden. Read transcript.

Published 16 December 2010 in Market Moves

A large portion of Australian share portfolios include shares in one of the ‘big four’ banks. Does Roger Montgomery prefer CBA, ANZ, NAB or has his focus shifted to smaller credit unions? In this appearance on Market Moves with James Dagger-Nixon, Roger reveals his Montgomery Quality Rating (MQR) for Santos (STO) and shares his insights on oil and coal. Read more of Roger’s predictions for oil, coal, uranium, rubber, inflation, interest rates and changing weather patterns at his blog. Watch the interview.

Published 16 December 2010 in Sky Business Summer Money

Roger Montgomery was invited to share his top A1 stock for 2011 with viewers of the Sky Business channel. Roger decided to ask the Value.able Graduate class of 2010 to nominate the A1 stock that investors should include in their 2011 watchlist. Which stock made Roger’s A1 Montgomery Quality Rating (MQR)? The stand out company is trading at a discount to its intrinsic value, has bright long-term prospects, a sustainable competitive advantage, high ROE, little or no debt and fantastic cash flow. It is the leading supplier of buoyancy devices for deep-sea oil rigs and is an A1 business that Roger has mentioned many times at his Insights stock market blog. Watch the interview.

Published 1 December 2010 in Eureka Report Masterclass series

Roger Montgomery is one of Australia’s most successful value investors because he thinks like an investor. Roger focuses on the value of businesses not the prices of stocks. Roger says “If you wouldn’t be prepared to own the whole business for ten years, don’t be prepared to own a little piece of it for 10 minutes.” Watch this interview to discover how Roger Montgomery avoids bad businesses. Watch the interview.

Published 1 December 2010 in Eureka Report Masterclass Series

You’ve read Value.able, Roger Montgomery’s step-by-step guide to valuing the best stocks and buying them for less than they’re worth, now watch Roger Montgomery value a business live! Using an extraordinary business, Woolworths, Roger Montgomery reveals, step-by-step, how he values listed businesses and invests in the Australian stock market. Following Roger’s simple steps doesn’t require a great deal of maths, just a little arithmetic and some thinking about what an extraordinary business is. Follow Roger’s Value.able method of valuing businesses and soon you too will be valuing the best stocks and buying them for less than they’re worth. Watch the interview.

Published 22 November 2010 in ABC The 7.30 Report

It is Australia’s biggest public float since Telstra – Queensland rail company QR National was listed on the stock exchange today. The sale is the centrepiece of a suite of contentious asset sales by the Queensland Government. Roger Montgomery said the long-term intrinsic value of the company is a lot lower and the government in Queensland did get a lower price than what they’d hoped. Watch the interview.

Published 18 November 2010 in ABC 7.30 Report

There’s growing trepidation across the media sector as the government finalises changes to the ‘anti-siphoning list’ – the law dictating which national sports must be broadcast on free to air television stations and which are allowed to sell broadcasting rights to pay television. Roger Montgomery told 7.30 Report’s Gregy Hoy “Channel Ten has increased its profits over the last decade by about 4.5 per cent per year. That’s about the rate of inflation or about the rate of income and population growth in Australia. So the results aren’t spectacular and that’s why you’ve seen over time these assets are really the play things of the rich and famous”. Read the transcript.

Published 15 November 2010 in ABC Lateline Business

AMP has launched a cash and scrip bid for Axa Asia Pacific that values the company at the same $13.3 billion as the accepted NAB bid that was blocked by the regulators. Roger Montgomery told Phillip Lasker on ABC Lateline Business that the intrinsic value of “[Axa is] significantly lower than the current price being offered by AMP. Read the transcript.

Published 15 November 2010 in Switzer TV

Roger Montgomery explains to Peter Switzer on the Sky Business Channel that a share portfolio of his A1 businesses, when bought at discounts to intrinsic value, will significantly outperform the market. Whilst Reckon, Thorn Group, GUD Holdings, Fleetwood, Wotif, Monadelphous are expensive A1 businesses, Roger tells investors that his Value.able intrinsic values of these businesses are expected to rise between 6% and 15% per year over the next three years. Roger also reveals his cheapest A1 businesses. Tune into Switzer TV in February 2011 when Peter Switzer reveals the performance of Roger Montgomery’s ‘A1′ portfolio. Watch the interview.

Published 15 November 2010 in Switzer TV

Roger Montgomery describes his list of A1 businesses as a ‘wishlist’. Your goal as an investor is to find great businesses and buy them when their share prices are trading at big discounts to intrinsic value. Roger’s list of A1 businesses include fund manager Platinum Asset Management, manufacturer Cochlear, vitamin manufacturer Blackmores, online list Realestate.com.au, telecommunications business M2, mining services business Mineral Resources, IT services provider DWS, Centrebet, bull bar manufacturere ARB Corporation and one of Roger’s favourites, Oroton Group. Some of Roger’s A1s are cheap and some are expensive. One business is forecast to increase in intrinsic value by over 30% each year for the next three years and another by just 3%. User Roger’s list of A1s as a guide for your own ‘wishlist’, but ensure you always seek personal professional financial advice. Watch the interview.

Published 15 November 2010 in Switzer TV

In his final appearance on Switzer TV for 2011, Peter Switzer asked Roger Montgomery to reveal his top 20 A1 stock picks. So how does a business achieve Roger’s coveted A1 MQR? Unlike conventional wisdom, Roger’s A1s aren’t necessarily ‘blue chips’. Wesfarmers and Qantas may be big businesses, but they don’t make his A1 grade. Businesses that achieve Roger’s A1 or A2 MQR have the lowest probability of a ‘liquidity event’. His A1s are less likely to raise capital, borrow more money, default on debt repayments of breach debt covenants – Roger would be very surprised if any of his A1s went bust! A follower of Roger’s blog went back five years and created a hypothetical portfolio of A1 businesses. The portfolio returned 60% per annum. Watch the interview.

Published 5 November 2010 in CNBC Asia Protect Your Wealth

In this special edition of CNBC Asia’s ‘Protect Your Wealth’, Oriel Morrison asked Roger Montgomery to reveal his Value.able recipe for valuing the best stocks and buying them for less than they’re worth. Roger cautions investors to avoid focusing on who is rowing the boat and instead seek out businesses with little or no debt, high rates of Return on Equity and sustainable competitive advantages. What is Roger’s Montgomery’s most Value.able piece of advice? Only buy A1 businesses when their price is less than their intrinsic value. As Warren Buffett said, “time is the friend of a good business but the enemy of a bad business”. Watch the interview.

Published 4 November 2010 in Switzer TV

Peter Switzer asked Roger Montgomery to imagine he was starting is own Self Managed Superannuation Fund today. What stocks would he buy? A vintage Maserati and some artwork would be nice, but when it comes to the stock market, Roger tells investors to treat the stock market like a supermarket — buy the best quality businesses when they are cheap. So what businesses does Roger think will be winning the race in 5, 10, 15 years time? JB Hi-Fi, Oroton, Commonwealth Bank, DWS, Matrix, Forge and MACA are some of Roger’s well-known stocks that says qualifies for his SMSF. Roger also reveals a debt collection, retail, car accessory manufacturer and an IT services business that make his A1 Montgomery Quality Rating. Watch the interview.

Published 1 November 2010 in ABC Lateline Business

The jury is still out on whether QR National represents the stock market opportunity of the year or a great train robbery. Roger Montgomery tells ABC Reporter Andrew Robertson he wouldn’t want to own the business. Read the transcript.

Published 28 October 2010 in Market Moves

Roger Montgomery has Value.able intrinsic valuations for every ASX-listed business going back 10 years, and for those with consensus analyst forecasts, going forward three years. So what stock market sectors does Roger see value in right now? IT services, retailers and mining services businesses are at the top of his list. In this appearance on Market Moves Roger Montgomery also reveals which small cap companies achieve his coveted A1 Montgomery Quality Rating. Watch the interview.

Published 28 October 2010 in Your Money Your Call

Roger Montgomery has said many times that Woolworths scores a very high Montgomery Quality Rating. Whilst the current market price doesn’t offer WOW at a bargain price, it does represent a rare opportunity to buy one of Australia’s highest quality businesses. So what is Roger’s 2010, 2011 and 2012 Value.able intrinsic valuations for Woolworths? In this appearance on Your Money Your Call Roger also shares his insights on the impact of the Mineral Resources Rent Tax on the intrinsic valuations of Australia’s resources companies. Watch the interview.

Published 28 October 2010 in Your Money Your Call

In this appearance on Your Money Your Call, Roger Montgomery reveals his Value.able intrinsic valuations for popular retailer JB Hi-Fi (JBH), hearing device manufacturer Cochlear (COH), mortgage broking company Mortgage Choice (MOC), fund manager Platinum Asset Management (PTM) and construction company Leighton Holdings Limited (LEI). Which of these businesses are trading at a discount to Roger’s Value.able intrinsic valuation? And which businesses score Roger’s coveted A1 Montgomery Quality Rating (MQR)? Watch the interview.

Published 28 October 2010 in Your Money Your Call

Of the 2000-odd businesses listed on the Australian Stock Exchange, Roger Montgomery tells Your Money Your Call viewers that only 600 make a profit, and only a handful score his coveted A1 Montgomery Quality Rating. Matrix Engineering (MCE) is one of Roger’s A1s. What MQR does Roger award to drug delivery business OBJ Limited, solar panel manufacturer Dyesol (DYE), uranium producer Energy Resources (ERA) and material processer Lynas Corporation Limited (LYC)? Watch the first part of Roger’s appearance to find out. Watch the interview.

Published 22 October 2010 in Switzer TV

The prices investors are prepared to pay for media assets in Australia baffles Roger Montgomery. In this interview with Peter Switzer Roger shares his concerns about Ten’s lack of ownership of non-TV assets and its poor economic performance over the past decade. Roger also reveals his Montgomery Quality Rating for Ten – a C5 (Roger’s very worst MQR) and forecast Value.able intrinsic value for the next few years. Did James Packer acquire his stake in Ten Network for a bargain? Watch the interview.

Published 14 October 2010 in Switzer TV

In this appearance on the Sky Business Channel, Peter Switzer asked Roger Montgomery for his expert opinion on the upcoming float of QR National. QR’s ROE is around 5%, it plans to spend over $7 billion on infrastructure, dividends will be paid out of borrowings and given the track record of government floats in Australia, Roger Montgomery does not believe QR National will provide long term value for its shareholders. Roger tells viewers there are other more attractive businesses that have exposure to China. Which great Australian business does Roger award his A1 Montgomery Quality Rating? Watch the interview.

Published 23 September 2010 in Your Money Your Call

Some investors are scared to invest in businesses with low liquidity. In this appearance on Your Money Your Call Roger Montgomery explains that when you buy great businesses when they are cheap, they remain great businesses and their intrinsic value subsequently rises, they don’t remain thinly traded stocks for very long. Roger also shares his thoughts on coal and reveals his Value.able intrinsic valuations for bull bar and 4WD accessories manufacturer ARB, Oroton and Decmil. Watch the interview.

Published 23 September 2010 in Your Money Your Call

In this appearance on Your Money Your Call, Roger Montgomery shares his insights on the upcoming float of QR National and the future of QBE following the resignation of CEO Frank O’Halloran. Roger also reveals his Value.able intrinsic valuations for Austin Engineering (ANG) and Asciano (AIO). Watch the interview.

Published 23 September 2010 in YouTube

Published 23 September 2010 in Switzer TV

In a very special appearance on Switer TV, Peter Switzer combines his cautionary investing style for Self Managed Super Funds with Roger Montgomery’s Value.able intrinsic valuation technique to produce a portfolio of great businesses that generate high ROE, plenty of cash and whose intrinsic values is forecast to rise over the coming years. Peter Switzer insists they must have a high dividend yield. So what companies make it into the Switzer Montgomery portfolio? Watch the interview.

Published 8 September 2010 in ABC Lateline Business

Foster’s has rejected a $2 billion private equity bid for its wine business, saying it “significantly undervalues” the Treasury Wine Estates. Roger Montgomery observed “It’s a very tough business with low barriers to entry, very low barriers to imitation and there’s a huge amount of choice… They will use a large portion of debt to make the acquisition so they only need very small improvements in earnings before interest and tax in order to generate very large returns on the equity that’s actually invested and that’s because of the leverage they use. Read transcript.

Published 8 September 2010 in Switzer TV

Roger Montgomery is a fund manager. He also runs his own Self Managed Superannuation Fund (not that he will be able to access it for a while yet). So what is Roger’s SMSF investment strategy? Focus on A1 businesses that you need to focus on the least (just twice a year when half and full year results are released). In Roger’s opinion the optimum number of shares in a portfolio is between 12-24 (more details in Value.able). As for the stocks he would put in his SMSF … Roger revealed his top 10 to Peter Switzer on 26 August. Do they still fit the bill? Watch the interview.

Published 7 September 2010 in Read and Profit

Sky Business Reporter Brooke Corte speaks to Roger Montgomery about his new stock market guide book for value investing and online trading, Value.able: How to value the best stocks and buy them for less than they’re worth. Watch the interview.

Published 26 August 2010 in Your Money Your Call

Roger Montgomery tells viewers of Your Money Your call why he thinks funds management businesses, in particular Platinum Asset Management Limited, are extraordinary businesses. CSL is another ASX-listed business that achieves Roger Montgomery’s stringent A1/A2 Montgomery Quality Rating (MQR). What is the moral of Roger’s story? Buy the best businesses when their shares prices are trading at a discount to your Value.able intrinsic value and over time you can’t help but do well. Watch the interview.

Published 26 August 2010 in Your Money Your Call

Roger Montgomery often reveals his Value.able intrinsic valuations for listed businesses in one, two and three years time. But he also cautions investors to be wary of analysts forecasts, which are typically optimistic, particularly at the beginning of each year. So how does Roger incorporate forecasts from leading investment analysts into his Value.able intrinsic valuations? Watch this interview to also discover Roger’s Montgomery Quality Rating (MQR) and Value.able intrinsic valuation for Wridgways. Is Wridgways an A1 MQR business? Watch the interview.

Published 26 August 2010 in Market Moves

In this appearance on Market Moves Roger Montgomery tells stock market investors that BHP is a superior business to RIO, AGL is an average business and expensive, and the intrinsic values of both Worley Parsons (WOR) and Flexigroup (FXL) are rising over the next few years. But it is a recently listed mining services business that has money on its books, little or no debt and rising ROE that Roger is really excited about. Watch this interview to discover Roger Montgomery’s most recent A1 find. Watch the interview.

Published 26 August 2010 in Market Moves

Unlike most stock market investors, Roger Montgomery doesn’t pay attention to short-term moves in the market. Instead, he focuses on individual businesses and what they are worth. In this appearance on Market Moves Roger shares his insights on the Woolworths (WOW) share buy-back and also reveals his Value.able intrinsic valuations for Fortescue (FMG), Toll Holdings (TOL) and Virgin Blue (VBA). Watch the interview.

Published 26 August 2010 in Your Money Your Call

Monadelphous and Fleetwood are both A1 businesses. When it comes to the banks, Roger Montgomery would choose CBA every time. Roger rates these businesses so highly that when it comes to analysing other businesses in the mining services, construction services and banking sectors, these businesses set the benchmark. In this appearance on Your Money Your Call Roger also shares his insights and 2012 Value.able intrinsic valuations for Santos, Woolworths, Primary Healthcare, Nexus Eneregy and Westpac. Watch the interview.

Published 26 August 2010 in Switzer TV

Peter Switzer asked Roger Montgomery to list his top 10 stocks that are the best value on the ASX. Whilst not all of them are A1s, they do share a common characteristic: the chance of these businesses making a surprise announcement about a capital raising, inability to repay debt or succumbing to liquidation or bankruptcy is very low. In fact, if any of these events were to occur, Roger Montgomery would be shocked. So what are Roger’s top 10 value stocks? Watch the interview.

Published 18 August 2010 in ABC News

Telstra and its 1.4 million shareholders are under pressure and stuck at an anxious crossroads pending the outcome of this election. Roger Montgomery said “10 years ago intrinsic value was $4, but the price was $9. Today the intrinsic value’s closer to $3 and that’s about where the price is. So, the market eventually gets it right. It’s not compelling value right now, but it’s not expensive either, finally.” Read transcript.

Published 13 August 2010 in Lunch Money

A rational investment approach is the only way to protect your portfolio in times of economic uncertainty. In this appearance on Lunch Money, Roger Montgomery shares with investors his strategy of buying great businesses when they are cheap. Roger also reveals his Value.able intrinsic valuations for Hutchison, ANZ and Woodside. Watch the interview.

Published 13 August 2010 in Lunch Money

Roger Montgomery often says Australia’s big four banks have a wonderful competitive advantage. But which one is his top pick — CBA, ANZ, NAB or WBC? Roger also shares his insights on Forge, Clough and Decmil — do these mining services businesses have the potential to be Australia’s next Worley Parsons? Watch the interview.

Published 13 August 2010 in Lunch Money

Seek and Worley Parsons have a track record of achieving Roger Montgomery’s coveted A1 Montgomery Quality Rating (MQR). The intrinsic value for these businesses is forecast to rise in the coming years, but are they cheap right now? In this appearance on Lunch Money with Brooke Corte, Roger Montgomery also shares his insights on the future prospects for uranium and oil. Watch the interview.

Published 13 August 2010 in Lunch Money

On Lunch Money with Brooke Corte, Roger Montgomery reiterated his long-standing opinion on Telstra, a business whose profits are less today than they were ten years ago and whose intrinsic value has done nothing for years. But following the release of Telstra’s latest results, has Roger’s opinion of Australia’s largest telecommunications provider changed? Watch the interview.

Published 12 August 2010 in Switzer TV

JB Hi-Fi released its full year results in early August and Roger Montgomery has some interesting insights about the future of the retailer. Can JBH continue to generate very high rates of return on equity? Watch the interview.

Published 12 August 2010 in Switzer TV

Peter Switzer values Roger’s advice, but he often plays devils advocate. In this appearance on Switzer TV Roger Montgomery talks about the kinds of stocks invests should and shouldn’t have in their portfolios. Roger also shares his thoughts on modern portfolio theory and diversification and reveals his reasons for selling or holding. Watch the interview.

Published 22 July 2010 in Switzer TV

Roger Montgomery’s A1 label for extraordinary businesses is becoming a common language among investors, but just how does he determine if a company is an A1 or B3 or C5? In this interview with Peter Switzer on Switzer TV Roger explains the two aspects to his rating system. He also lists 18 ASX-listed businesses that have been around for a long time, pay consistent dividends and are regarded as core portfolio inclusions — blue chips — yet don’t make his A1 grade. Westfield, Transurban, Asciano, Lend Lease, Ten Network and Virgin Blue are just a few. Watch the interview.

Published 22 July 2010 in Market Moves

Santos, Lynas, Fortescue and Ten are all expensive, and according to Roger Montgomery, are also mediocre businesses — low return on equity, poor economic performance and dilutive capital raisings. But there are two small cap stocks that are in Roger’s basket of A1 businesses. Watch Roger’s appearance on Market Moves to find out what they are. Watch the interview.

Published 22 July 2010 in Market Moves

Australia’s four big banks have a wonderful competitive advantage, but which is the best economic performer? And with a 2011 intrinsic value of $54.51, is it cheap right now? In this appearance on Market Moves Roger Montgomery also questions if the stock market really is the result of cause and effect. Watch the interview.

Published 15 July 2010 in Switzer TV

Roger Montgomery reveals the A1 companies he thinks are the best value for money right now. Watch the interview.

Published 4 June 2010 in Switzer TV

Peter Switzer interviewed Sally MacDonald, CEO of Oroton Group last month on the Sky Business Channel. He invited Roger Montgomery to join them. Watch the interview.

Published 4 June 2010 in Switzer TV

When it comes to investment strategies, plenty of people swear by P/E ratios. Not Roger Montgomery. In this interview with Peter Switzer Roger explains why the P/E ratio is twaddle! Watch the interview.

Published 27 May 2010 in Your Money Your call

In the final part of his appearance on Your Money Your Call, Roger Montgomery discusses Macarthur Coal and BHP. MCC’s value is expected to rise to over $12 in 2012 and BHP’s value by a more impressive clip. But what happens if China’s property bubble bursts? Roger believes China’s story is a very good one, for decades to come, although there may be a few speed bumps along the way. Watch the interview.

Published 27 May 2010 in Your Money Your Call

Roger Montgomery answers viewer questions about AWE, Nido Petroleum and Gunns on Your Money Your Call. Unfortunately none make Roger A1 grade. McMillian Shakesphere (MMS), on the other hand is one of Roger’s A1 businesses and its value is expected to rise substantially over the next three years. But is it cheap? Watch the interview.

Published 27 May 2010 in Your Money Your Call

Roger Montgomery tells viewers of Your Money Your Call he expects the value of MacMahon will rise 15% over the next few years, Monadelphous will rise 18%, Bradken 20% and Campbell Brothers 40%. Some of these businesses are cheap today, but are they one of Roger’s A1s? In his appearance on the Sky Business Channel Roger also shares in thoughts on iSoft, a business that has raised large amounts of capital but been unable to produce rising returns for shareholders. Watch the interview.

Published 27 May 2010 in Your Money Your Call

Of the 1900 companies listed on the ASX, only 4 of Roger Montgomery’s A1s are trading at prices below their value. In his appearance on Your Money Your Call Roger also discusses the mediocre outlook for Ausenco and reveals his 2012 intrinsic values for Commonwealth Bank (CBA) and Westpac (WBC) -are they cheap? Watch the interview.

Published 27 May 2010 in Market Moves

On Market Moves with Bridie Barry, Roger Montgomery reveals four of his A1 businesses that are trading at prices less than their value. The value of one particaular A1 is 20% less than the current share price! Roger also shares his insights on Brambles, explaining why he thinks the value of the business hasn’t changed much over the past 12-13 years. Watch the interview.

Published 27 May 2010 in Market Moves

The market may have fallen, but Roger Montgomery tells viewers of Market Moves it still seems expensive. In this interview Roger also explains why the Australian dollar is tied to the global outlook for our resources, compares BHP to RIO and Wesfarmers to Woolworths, and explains why Westfield doesn’t make his A1 grade. Watch the interview.

Published 6 May 2010 in Switzer TV

This is the one you have been waiting for – Roger Montgomery’s step-by-step guide for calculating cash flow. Make sure you have a pen and paper handy when watching this interview! Watch the interview.

Published 5 May 2010 in CNBC Asia Trading Matters

Roger Montgomery talks with Oriel Morrision on CNBC Trading Matters about the government’s proposed tax reforms and the consequences of rising interest rates on JB Hi-Fi and Oroton’s intrinsic value. Watch the interview.

Published 3 May 2010 in CNBC

Roger Montgomery says that he is looking for great businesses at cheap prices. He shares his views on Oroton and JB Hi-Fi with Oriel Morrison. Watch the interview.

Published 27 April 2010 in Switzer TV

A wave of activity is emerging in the coal sector: CEO’s are making acquisitions at silly prices and analysts are forecasting straight-line growth. What is the problem with that? China is in the midst of a property bubble that is set to pop. Roger Montgomery reveals his 2012 intrinsic valuations for Macarthur Coal and Centennial Coal, but once again warns investors to be very cautious when investing in commodity businesses. Watch the interview.

Published 27 April 2010 in Switzer TV

Roger Montgomery joins Peter Switzer to discuss two of Australia’s most well-known retailing businesses — Harvey Norman (HVN) and JB Hi-Fi (JBH). Whilst Roger considers Gerry Harvey to be a retailing genius, Roger says JB Hi-Fi does a better job selling the same products in the same market. So is JBH a buy? What is its forecast 2012 intrinsic value? And can Terry Smart continue the market-beating success of former CEO Richard Uechtritz? Watch the interview.

Published 22 April 2010 in Your Money Your Call

In the final segment of Your Money Your Call Roger Montgomery reveals his quality and performance scores, and intrinsic valuations, for Mineral Resources Limited (MIN), Transfield Services Infrastructure Fund (TSI), Equinox Minerals (EQN), Incitec Pivot Limited (IPL) and News Corp (NWS). Watch the interview.

Published 22 April 2010 in Your Money Your Call

Roger Montgomery believes Australia has too many levels of government and discusses the impact on the health care sector. In this appearance on Your Money Your Call Roger also explains why Nufarm has been a B-class business for the past ten years and reveals his intrinsic valuations for First Australian Resources (FAR) and FKP Property Group (FKP). Watch the interview.

Published 22 April 2010 in Your Money Your Call

Roger Montgomery tells Nina May and viewers of Your Money Your Call why Woolworths is a superior business to Wesfarmers (despite the turnaround story of Coles), Platinum Asset Management (PTM) is an A2 business but expensive, Forge (FGE) and Worley Parsons (WOR) are A1s but again expensive, and whilst Fleetwood Corporation (FWD) is also an A1 yet expensive, why he still holds shares. Watch the interview.

Published 22 April 2010 in Your Money Your Call

IRESS Market Technology (IRE) is one of Roger Montgomery’s A1 businesses. So are CSL and Cochlear (COH). In his appearance on Your Money Your Call Roger shares his insights on the defensive healthcare sector, revealing valuations for Ramsay (RHC), Sonic (SHL) and Primary Healthcare (PRY), and discusses the outlook for IRE in the event of another stock exchange entering the Australian market. Watch the interview.

Published 22 April 2010 in Market Moves

On Market Moves with Bridie Barry Roger Montgomery reveals his top three A1 companies. Two are trading below their intrinsic values, with the third trading close to fair value. All are top ranking in terms of stability of their balance sheet, predictability of performance, have a low chance of collapse and whose intrinsic values are rising over the next couple of years. In this interview Roger also discusses Fortescue (FMG), Commonwealth Bank (CBA) and National Australia Banks (NAB) unsuccessful takeover of AXA. Watch the interview.

Published 22 April 2010 in Market Moves

Roger Montgomery tells viewers there will be interesting opportunities if the market falls 600 points, but warns even in opportune times, never invest in anything other than A-class businesses. Roger also observes the enthusiasm in Wesfarmers as a result of the turnaround in Coles, but says Woolworths (WOW) is a much better business, Caltex is a stock going nowhere for next couple of years, Santos is worth around 30% of its current share price and if you are considering Newcrest Mining, don’t. You would be better off putting your money in a term deposit. Watch the interview.

Published 8 April 2010 in Switzer TV

Before Roger Montgomery reveals his top five stock tips, which he ranks in terms of quality and performance from A1-C5, he talks about the characteristics of great businesses – his A1s: 1.Great quality high rates of ROE, little or no debt; 2.Intrinsic value is rising; 3. Share price is trading at discount to intrinsic value. Watch the interview. Sign up free to Peter Switzer’s latest personal finance and financial planning news at switzer.com.au.

Published 8 April 2010 in Switzer TV

On the opposite end of the spectrum of Roger Montgomery’s A1 stock picks are C5 businesses – low quality, high debt, low ROE and trading at prices significantly about their intrinsic value. Transurban and Primary Healthcare are two such companies Roger talks with Peter Switzer about. Another is Myer. Watch the interview. Sign up free to Peter Switzer’s latest personal finance and financial planning news at switzer.com.au.

Published 7 April 2010 in ABC Lateline Business

Developer and funds manager Mirvac has unveiled a $500 million capital raising and revealed it is in exclusive takeover talks with Westpac’s fund management arm. Fund manager Roger Montgomery says he’s not surprised at Mirvac’s interest. Read transcript. Read related blog post.

Published 25 March 2010 in Switzer TV

Using The Reject Shop as a case study, Roger Montgomery reveals to viewers of Peter Switzers Switzer TV how to use a balance sheet to calculate the cash flow of a business. Watch Part II for the second step in the process. Broadcast 25 March 2010.  Watch Part I. Watch Part II.

Published 25 March 2010 in Market Movesw

n this appearance on Market Moves with Richard Gonclaves, Roger Montgomery not only reveals his top two A1 healthcare stocks, but also a speculative play in the sector and his 2010, 2011 and 2012 valuations for BHP and RIO. Watch the interview.

Published 25 March 2010 in Market Moves

Roger Montgomery reveals the A1 stock he thinks will outperform the market to Richard Gonclaves on Market Moves. In this appearance Roger also explains why the value of Telstra (TLS) has done nothing for the past ten years, the problem with classic commodity businesses such as Woodside (WPL) and Santos (STO) and reveals his valuations for Transurban, Ten Network and Fairfax. Watch the interview.

Published 24 March 2010 in Your Money Your Call

Roger Montgomery always talks about buying A1 businesses at great prices, but what does a business need to do to get Roger’s A1 score for quality and performance? High ROE that is also superior to its peers, strong competitive advantage, stability of earnings, low chance of default, great management, low debt. In his appearance on Your Money Your Call Roger also shares his thoughts on UGL Limited (UGL), Dolomartix (DMX), Cochlear (COH), Incite Pivot (IPL), Alumina (AWC) and AWB Limited (AWB). Watch the interview.

Published 24 March 2010 in Your Money Your Call

When you buy shares in a business, always ask: Is the business able to sustain very high rates of its return on equity? The only way to do this is if the business has a sustainable competitive advantage. In this appearance on Your Money Your Call Roger Montgomery also gives his insights on Iron Ore and investing in infrastructure businesses. Watch the interview.

Published 24 March 2010 in Your Money Your Call

On Your Money Your Call with Nina May Roger Montgomery tells viewers why Brambles is a mediocre business, explains that NAB is the poorest performer of Australia’s big four banks, guides investors on the steps to take to avoid being caught out by bad news and cautions against investing in speculative mining companies. Watch the interview.

Published 18 March 2010 in ABC Lateline Business

Newly-listed retailer Kathmandu has exceeded its prospectus forecasts in its first results announcement since being sold by private equity. Read article.

Published 11 March 2010 in Your Money Your Call

When China’s property bubble bursts, what will be the consequences for BHP and RIO? In the first part of his appearance on Your Money Your Call with Nina May Roger Montgomery also discusses Centennial Coal (CEY), Mortgage Choice (MOC), Virgin Blue (VBA), Santos (STO) and Woodside (WPL). Unfortunately none of these companies make Roger’s A1 grade. Watch the interview.

Published 11 March 2010 in Switzer TV

Roger Montgomery reveals his 2010, 2011 and 2012 valuations for Telstra, and it doesnt look good. In the second part of his interview with Peter Switzer Roger also tells viewers the value of Myer and Resmed. Watch the interview. Sign up free to Peter Switzer’s latest personal finance and financial planning news at switzer.com.au.

Published 11 March 2010 in Your Money Your Call

Roger Montgomery reveals the characteristics of top quality businesses – strong balance sheet, growing earnings, strong competitive advantage. Roger also talks about Toll Holdings and MMS. Watch the interview.

Published 11 March 2010 in Switzer TV

In 1999 TLS was the darling of the market. Analysts described it as a wonderful company, going to $20. One analyst even said it would be Australias first $100 stock. Not Roger Montgomery. He said the business was worth $2.70-$2.80. It was trading around $9. In this interview with Peter Switzer Roger reveals the valuation formula for a business that payout out all of its earnings out as a dividend, such as Telstra. Watch the interview. Sign up free to Peter Switzer’s latest personal finance and financial planning news at switzer.com.au.

Published 8 March 2010 in CNBC Asia

Roger Montgomery reveals to viewers of Oriel Morrison’s Trading Matters program on CNBC Asia the businesses that are overpriced and represent a short selling opportunity, including IAG, AMP, WES, LLC, TOL, STO, AIO, RIO and LEI. In this appearance Roger also discusses the future prospects of The Reject Shop. Watch the interview.

Published 7 March 2010 in CNBC

Bids to takeover Arrow Energy are very generous, says Roger Montgomery. He shares his view on Royal Dutch Shell and PetroChina’s $3 bn joint bid, with CNBC’s Oriel Morrison. Watch the interview.

Published 25 February 2010 in Switzer TV

Whilst most investors are obsessed with earnings and dividends, Roger Montgomery always considers how much money has been put in to a business to get earnings and dividends out. So what does Roger look at when valuing a business? 1. Equity on the balance sheet how much is there? Make sure it isnt full of accounting hot air (goodwill). 2. ROE how profitable is the business historically and looking into the future? 3. Discount rate what return do you want from the investment? 4. How much money is being retained and compounded by the company, and how much is being paid out. Roger also answers a viewer question about Telstra, valuing the business around $3.00. Watch the interview. Sign up free to Peter Switzer’s latest personal finance and financial planning news at switzer.com.au.

Published 25 February 2010 in Switzer TV

Using a bank account as an example, Roger Montgomery explains to Peter Switzer how to value a business that retains all its earnings, and shares his formula for calculating intrinsic value. Watch the interview. Sign up free to Peter Switzer’s latest personal finance and financial planning news at switzer.com.au.

Published 25 February 2010 in Sky Business Channel Market Moves

There are actually five, but Roger saves the fifth for readers of his book, Value.able. So what are his first four? 1.When you are wrong 2.When there are better opportunities 3.When price is far above intrinsic value 4.Deterioration in original reasons for buying In his appearance on Market Moves with Richard Gonclaves Roger also analyses IAG, QBE, Asciano and Virgin Blue. Watch the interview.

Published 25 February 2010 in Sky Business Channel Your Money Your Call

Roger Montgomery joins Nina May on Your Money Your Call and answers viewer questions about Fleetwood (FWD), suppliers of the China property boom, identifying companies with durable competitive advantages, ANZ, CBA, Highlands Pacific (HIG), and the key ratio to look at when assessing mining companies.Watch the interview.

Published 25 February 2010 in Sky Business Channel Your Money Your Call

Origin Energy is trading above value, Oil Search at almost double its value and with a 2012 value of $6.37, Toll is not only mediocre, but also expensive. As for selling out of Wesfarmers to buy into RIO, Roger compares that plan to be like jumping from the fry pan into the fire! In his appearance with Nina May on Your Money Your Call Roger also reveals that of the 1874 businesses listed on the ASX only 600 make a profit, and for him, a tiny 23 fall into his ‘A1′ category of wonderful businesses. Watch the interview.

Published 25 February 2010 in Your Money Your Call

AGL, like Origin Energy and Arrow, has been expensive for a long time. According to Roger Montgomery this seems to be a general trend in the energy sector. In his appearance on Nina May’s Your Money Your Call Roger also reveals his 2010, 2011 and 2012 valuations for Bluescope and JB Hi-Fi, and discusses the impact of management’s decision to raise JBH’s dividend payout ratio from 50% to 60%. Watch the interview.

Published 25 February 2010 in Sky Business Channel Your Money Your Call

In this appearance on Your Money Your Call Roger Montgomery talks about the future prospects of Telstra, QBE, Worley Parsons and compares NAB and AMP’s attempt to acquire AXA to that of WES buying Coles, or Fosters buying Southcrop – disaster! Watch the interview.

Published 11 February 2010 in Your Money Your Call

RIO released an upbeat result, but is it a superior business to BHP? In Part I of Rogers appearance on Nina Mays Your Money Your Call on 11 February 2010 Roger Montgomery also discusses the value of Metcash, but views Woolworths as a superior business, and provides investors considering in speculative mining companies, such as Kangaroo Resources (KRL), a few things to consider before taking the plunge how much are they going to produce, when are they going to produce it, and how much is it going to cost? Check the quarterly cash statement – how much cash they are burning! Can they last longer than 6 months without a capital raising? And to read Rogers thoughts on Industrea, visit the blog – http://rogermontgomery.com/what-do-i-think-of-industrea/. Watch the interview.

Published 11 February 2010 in Your Money Your Call

Cochlear is one of the great success stories of Australian business and its value is rising over the next few years, but is it cheap? Can Wesfarmers ever recover following the overpriced Coles acquisition? And ANZ and NAB – Back in August 2009 Roger Montgomery said buy CBA, Australia’s superior bank, but now its expensive. ANZ is cheap and NAB is expensive, but they are inferior businesses to CBA. Visit Rogers blog, rogermontgomery.com, for his latest comments on NAB and ANZ. Watch the interview.

Published 11 February 2010 in Your Money Your Call

McMillan Shakespeare shares dropped in January because the founding shareholder sold shares, just before the Henry Tax Review was released. MMS is still a good business, but there are questions about the company’s future, and too many uncertainties for Roger Montgomery to keep the stock in his portfolio.  In his appearance on Nina Mays Your Money Your Call Roger also shares his thoughts on Bradken and Asciano, and reminds viewers that whilst he doesn’t like airlines because of their capital intensity, Regional Express has a unique market advantage. Sadly the same can’t be said for Fosters. Watch the interview.

Published 11 February 2010 in Your Money Your Call

United Group may be well liked by fund managers, but not by Roger. In this appearance on Your Money Your Call Roger Montgomery also comments on the value of AMP, Tatts Group and one of his favourites, Telstra (ASX:TLS). Roger admits viewers may get sick of him saying so, but Telstra is a business going nowhere, despite its high dividend yield. Watch the interview.

Published 11 February 2010 in Market Moves

Whether Greece defaults on its debts or not, Roger Montgomery says it shouldnt matter when making micro investments. Unfortunately most investors dont think that way. Roger also discusses Myers falling share price following its recent float and the change in JB Hi-Fis dividend payout policy. Watch the interview.

Published 11 February 2010 in Market Moves

BHP or RIO – both are expensive, but which is the better business with high ROE, low debt and a rising intrinsic value? Roger Montgomery also reveals the current and future values of Westpac, CBA, ANZ and NAB, repeats his thoughts on Telstra and answers viewer questions about Valad Property and his five rules of when to sell. Watch the interview.

Published 28 January 2010 in CPA Australia

David Koch presents the ABC of a corporate collapse for CPA Australia. This series of videos will take you step-by-step through the actions and inactions of ABC Learning that lead to its spectacular collapse. Watch the trailer.

Published 27 January 2010 in CNBC Asia

Whilst most investors make their buy and sell decision based on macro views, Roger looks at the characteristics of individual businesses ROE, debt level, competitive advantage. Based on his analysis, Roger tells viewers of Oriel Morrison’s Trading Matters program the outlook for JB Hi-Fi, CSL and Woolworths. He also discusses the riskier proposition of MMS, warning investors to be very cautious of the company’s unknown future based on the Henry Tax Review. Watch the interview.

Published 26 January 2010 in CNBC

Roger Montgomery, independent strategist, favors Australian electronics and home entertainment retailer, J.B. Hi-Fi. He tells CNBC’s Oriel Morrison why. Montgomery also reveals his other top picks in the Aussie market. Watch the interview.

Published 21 December 2009 in CNBC

Discussing his key trading themes for 2010, Roger Montgomery shares his stock picks with CNBC’s Oriel Morrison. Watch the interview.

Published 15 October 2009 in CNBC

Published 3 September 2009 in CNBC

Roger Montgomery reveals his top picks in the Australian market, with CNBC’s Oriel Morrison. Watch the interview.

Published 11 August 2009 in CNBC

Roger Montgomery shares his outlook ahead of the Australian reporting season, with CNBC’s Oriel Morrison. Watch the interview.

Published 30 July 2009 in CNBC