ROGER MONTGOMERY

Qualcomm and Apple Settle

George Hadjia

April 23, 2019
Last week Qualcomm and Apple, two tech giants locked in a feud over royalty payments, agreed to settle their dispute, dismissing all litigation globally and entering into a new licencing agreement. This development raises a number of interesting points around the relative bargaining positions of each firm, particularly in the broader context of the shift to 5G. Continue…

by George Hadjia Posted in Companies.

save this article

POSTED IN Companies.
Get ready for bargains in Aussie retailers

Roger Montgomery

April 18, 2019
With consumer spending on the slide, I think it’s only a matter of time before we see the earnings and valuations of many retailers take a hit. And that could throw up some compelling share price bargains for patient investors. Continue…

by Roger Montgomery Posted in Consumer discretionary.

save this article

POSTED IN Consumer discretionary.
Reverse engineering expectations to yield an edge

David Buckland

April 18, 2019
A very successful investor I know studies the financial pages of the newspaper with a focus on stocks and sectors that are making 52-week lows. His argument is that if he can find one “diamond” every few years, it more than accounts for the disappointments. And often by a factor! Continue…

by David Buckland Posted in Companies, Investing Education.

save this article

POSTED IN Companies, Investing Education.
The $40 million World Cup

Daniel Wu

April 17, 2019
If there was any doubt about Fortnite’s place in the pantheon of generation-defining phenomena, look no further than the recently announced Fortnite World Cup. The inaugural global tournament, which runs for ten weeks online followed by an offline grand final in New York City, is open to any and all aspiring Fortnite players—and there are now 250 million of them and growing. Continue…

by Daniel Wu Posted in Companies.

save this article

POSTED IN Companies.
Discover how to value the best stocks and buy them for less than they’re worth.

NOW FOR JUST $49.95
buy now
SUBSCRIBERS RECEIVE 20% OFF WHEN THEY SIGN UP

“This is a book you simply must read.
The very best investors in the world are “value” investors.”

Ross Greenwood, Channel Nine, 2GB
Buy-backs and capital allocation – looking at Pro Medicus

Joseph Kim

April 16, 2019
In this week’s video insight Joseph discusses the recent share buy-back announcement of Pro Medicus (ASX:PME) and the impact to the company’s share metrics. Share buy-backs are often seen as a signal that the board views the current share price as undervaluing the company. Any buy-back using PME’s surplus cash may actually result in price earnings dilution given PME’s lofty 99x PE ratio.

by Joseph Kim Posted in Video Insights.

watch video

save this article

POSTED IN Video Insights.
What is our approach to IPOs?

Andrew Macken

April 16, 2019
For many private companies, it’s the moment they’ve been waiting for: the opportunity to go public. Ride-sharing business Lyft has just listed with Uber still to come; and others including AirBnB are teed up to go public in the coming months. So how do we think about Initial Public Offerings in our process? Continue…

by Andrew Macken Posted in Investing Education.

save this article

POSTED IN Investing Education.
TRADING DAY LIVE FEATURING ROGER MONTGOMERY: 11 APRIL 2019

Roger Montgomery

April 15, 2019
Roger appeared on Your Money’s Trading Day Live to discuss housing construction. With residential construction declining, and possibly even halving – how will the 3.5 per cent of Australia’s workforce employed by the area be impacted? Will we see unemployment rise?

by Roger Montgomery Posted in TV Appearances.

save this article

POSTED IN TV Appearances.
The Mathematics of Long/Short

Christopher Demasi

April 15, 2019
Over the past few weeks we have had the pleasure of meeting with clients and friends of the firm around Australia and New Zealand. We are fortunate to have such sophisticated advisers and investors as clients. It makes our discussions detailed and insightful. One subject of interest recently was the performance drivers of, and expectations for, long/short funds. In this article I will put some mathematics and meaning around the topic. Continue…

by Christopher Demasi Posted in Investing Education.

4 Comments

save this article

4

POSTED IN Investing Education.

WHITE PAPER

THE MARVELOUS MR. MARKET

2018 was a year of rotations, corrections and volatility. Research presented in our latest Whitepaper shows that global equities have actually become cheaper – and arguably less risky – over the last four years. The upshot is that there are now many more attractive buying opportunities among global stocks.

download the whitepaper