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The expectations and surprises of reporting season
Roger Montgomery
March 1, 2024
In this week’s video insight, I delve into the highlights of the February reporting season and its unexpected outcomes, a key period for those of us monitoring the Australian equity market. Despite a challenging economic backdrop, a noteworthy number of companies have outperformed expectations, bolstering my optimistic view on the potential of quality, innovative companies. As the season concludes, I offer my insights on the unexpected turns and the bright prospects for equity investors, reaffirming my bullish stance for the future. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary, Video Insights.
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Will the pain of Australia’s cost of living pressures be coming to an end soon?
David Buckland
February 9, 2024
In this week’s video insight, I discuss how Treasurer Jim Chalmers highlights that Australian wages are growing faster than the Consumer Price Index (CPI); a claim that overlooks the CPI’s failure to account for mortgage interest payments, thus not fully capturing the cost of living. With household debt and mortgage interest on the rise, I explore the expectation of an easing in the decline of real wages relative to living costs, amidst speculation of potential interest rate reductions. Continue…
by David Buckland Posted in Economics, Video Insights.
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Temple & Webster’s share price soars following half-year results
Roger Montgomery
February 14, 2024
Temple & Webster (ASX:TPW) have already added to the positive retail momentum by Nick Scali (ASX:NCK), JB Hi-Fi (ASX:JBH), and Cettire (ASX:CTT).
by Roger Montgomery Posted in Companies, Market commentary.
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Another day, another set of good results delivered this reporting season
Roger Montgomery
February 15, 2024
Reporting season is the gift that keeps on giving. Following on from our reporting of the great results from online retailers Cettire (ASX:CTT) and Temple & Webster (ASX:TPW), results from several other holdings are also encouraging. Seven Group (ASX:SVW), IDP Education (ASX:IEL), and Audinate (ASX:AD8) have all reported, and the initial response from the market has been positive. Continue…
by Roger Montgomery Posted in Companies, Market commentary, Stocks We Like.
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Decelerating inflationary expectations plus a limited increase in unemployment
David Buckland
February 12, 2024
The good news on the recent deceleration in inflationary expectations is many major central banks have likely finished tightening their official cash rates. The five English-speaking central banks tabled below have, on average, tightened on 12 separate occasions to 5.07 per cent. Australia is the outlier, at 4.35 per cent. Continue…
by David Buckland Posted in Global markets.
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Deterra Royalties half-yearly result: stable performance and growth Initiatives
Roger Montgomery
February 20, 2024
Deterra Royalties (ASX:DRR) was established through a strategic demerger from Iluka Resources Ltd (ASX:ILU) in 2020. At the core of Deterra Royalties portfolio lies long-life, Mining Area C (MAC), a premier iron ore mining operation in the Pilbara region of Western Australia, operationally managed by BHP. This key asset is underpinned by a royalty agreement that ensures Deterra Royalties receives quarterly payments equivalent to 1.232 per cent of the revenue generated, alongside substantial one-off payments of A$1 million for each dry metric tonne increase in annual production capacity. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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A review of the Australian private credit market in 2023
Dean Curnow
March 4, 2024
2023 marked a year of both challenges and opportunities for the Australian private credit market. On the one hand, the tighter credit conditions in the first half of the year saw decreased activity in mergers and acquisitions (M&A), project finance and real estate development financing. On the other, the latter part of the year boasted a more stable interest rate and inflation outlook, as well as improved credit margins, supporting more resilient private credit portfolios.
by Dean Curnow Posted in Market commentary.
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Small cap team adeptly navigating early reporting season
Roger Montgomery
February 13, 2024
Generally speaking, and while it is early days, this earnings season has been a good one both broadly and for the Montgomery Small Companies Fund, overseen by portfolio managers, Gary Rollo and Dominic Rose. Continue…
by Roger Montgomery Posted in Companies, Market commentary.
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Reporting season: my thoughts so far
Roger Montgomery
February 20, 2024
The domestic economic backdrop, characterised by 13 interest rate hikes, and consumer malaise brought on by the persistent inflation-induced cost of living pressures, had set the stage for modest, if not dour, expectations for reporting season. Continue…
by Roger Montgomery Posted in Companies.
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What! How much do you need for a comfortable retirement?
Roger Montgomery
March 15, 2024
New spending figures published by the Association of Superannuation Fund of Australia (ASFA) define what it means to be comfortable in retirement. And while their numbers are well above the current age pension payments, I am not sure even those elevated numbers realistically measure up to what many, if not most, people would describe as comfortable. Continue…
by Roger Montgomery Posted in Economics.
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