Monthly Archives: March 2011

  • ValueLine: Against the grain

    Roger Montgomery
    March 16, 2011

    Last year Roger Montgomery wrote about TFS Corporation (TFC), an owner and manager of Indian sandalwood plantations in the east Kimberly region of WA. On Wednesday, the company emerged from a trading halt, announcing a $38 million capital raising. What happens to the value of the company? Well, a company that loses cash has a value that requires no calculations. It is simply zero. Read Roger’s article at www.eurekareport.com.au.

    by Roger Montgomery Posted in Media Room, On the Internet.

  • The best stocks at the best price for your SMSF

    Roger Montgomery
    March 15, 2011

    Australia’s master of value investing, Roger Montgomery, shows you step-by-step how to successfully invest in the stock market in the most rational, logical way – by identifying extraordinary businesses and buying them for less than they’re worth. Listen to the podcast.

    by Roger Montgomery Posted in Media Room, Radio.

  • Do natural disasters present opportunities to Roger Montgomery?

    Roger Montgomery
    March 15, 2011

    The Japanese earthquake is a tragic event. In five years time we will look back with distant memories of the devastation caused, reminded how fortunate we are to live in Australia. The quake caused the largest single fall in the Japanese stock market since the 1987 crash. Are falling shares prices a trigger for Roger Montgomery to buy? Listen to podcast.

    by Roger Montgomery Posted in Media Room, Radio.

  • Roger Montgomery and Peter Switzer talk Vocus Communications

    Roger Montgomery
    March 10, 2011

    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.

    by Roger Montgomery Posted in Media Room, TV Appearances.

  • ValueLine: Making money underwater

    Roger Montgomery
    March 10, 2011

    Audience fragmentation, declining revenues and duelling billionaires. Its enough to put any investor off the media sector for life. But as Roger Montgomery reveals, there are opportunities in this constantly evolving space that investors would be silly to ignore. Read Roger’s article at www.eurekareport.com.au.

    by Roger Montgomery Posted in Media Room, On the Internet.

  • Are relationships more important than cars?

    Roger Montgomery
    March 10, 2011

    In last weekend’s Weekend Australian, Terry McCrann wrote an excellent piece explaining the possible nature and motivations behind the relationship between Murdoch, Stokes and Packer. ‘Hiatus after Packer’s bombshell’ was both enlightening and entertaining. Continue…

    by Roger Montgomery Posted in Companies, Media Companies.

  • Which small cap stock makes Roger Montgomery’s Value.able A1 grade?

    Roger Montgomery
    March 8, 2011

    Half year reporting season has just finished, presenting some new Value.able opportunities for stock market investors. In this interview with Ross Greenwood, Roger urges investors to understand how much money goes into a business to produce the reported profit. Listen to podcast.

    by Roger Montgomery Posted in Media Room, Radio.

  • Have you booked your seat The SMSF Strategy Day – for charity?

    Roger Montgomery
    March 8, 2011

    UPDATE: I spoke with Graham, editor of thesmsfreview.com.au, this afternoon. There are only a few (around ten) seats left at the event. If you would like to attend, Graham has asked me to kindly request you do so before 5pm Friday 11 March. Click here to book online.

    The SMSF Review and Alan’s Eureka Report, together with my team, have gathered some of Australia’s most respected self managed superannuation and investment experts – Alan Kohler, the Cooper Review’s Jeremy Cooper, ATO Superannuation Assistant Commissioner Stuart Forsyth, Jonathan Payne and Super System Review panel member Meg Heffron, to name a few.

    The SMSF Strategy Day – for charity will be held in Sydney on Tuesday, 15 March. The day begins at 8.30am with a Keynote speech from ATO Assistant Commissioner (Superannuation) Stuart Forsyth and concludes at 4pm.

    I will speak at 10.30am and at 12pm will join Alan Kohler, Jonathan Payne and Jeremy Cooper for a panel discussion to debate the most popular SMSF investment strategies.

    Tickets are $77 (including GST) and 100 per cent of the net proceeds will be donated to those most affected by Australia’s recent spate of natural disasters.

    Click here to book your seat online.

    To download the event brochure, click here.

    I look forward to meeting you next week for this valuable cause.

    Posted by Roger Montgomery, author and fund manager, 8 March 2011.

    by Roger Montgomery Posted in Insightful Insights, Investing Education.

  • Is UNV a diamond or destroyer of wealth?

    Roger Montgomery
    March 8, 2011

    Last month on Your Money Your Call John asked for my insights on Universal Coal (ASX:UNV)l.

    UNV is not currently investment grade. It is a business that would not receive an adequate MQR.

    Section 3.13 of the Prospectus reads: “The directors… believe that they do not have a reasonable basis to forecast future earnings on the basis that the operations of the company are inherently uncertain”.

    Given this statement by management, any investment in Universal Coal appears to be speculative.

    Without confidence in the future of the business, estimating its Value.able valuation is nearly impossible and investing is risky.

    Turn the stock market off, focus on extraordinary businesses (re-read Chapters 5 – 9 of Value.able), calculate what the business is truly worth and buy them for less than they’re worth. And if you haven’t already done so, pick up your copy of Value.able at my website, www.rogermontgomery.com (there aren’t many Second Edition copies left).

    Sky Business Channel have been invited to appear on Your Money Your Call this Thursday, 10 March. Tune in from 8pm Sydney time.

    Posted by Roger Montgomery, author and fund manager, 8 March 2011.

    by Roger Montgomery Posted in Companies, Energy / Resources.

  • Peter Switzer interviews Matrix CEO Aaron Begley

    Roger Montgomery
    March 4, 2011

    Peter Switzer called me earlier this week. He was travelling to Perth and asked me to recommend a CEO to invite on his show. Matrix CEO Aaron Begley instantly came to mind.

    Value.able graduates will recall I discovered Matrix a long time ago. It was the first business to achieve my coveted A1 Montgomery Quality Rating (MQR). I have written about Martix in Money magazine and here at the blog, and also shared my insights with Peter on the Sky Business Channel.

    Here are the highlights of Peter’s recent interview with Aaron Begley.

    I often meet with CEOs and advocate you do the same. Attend AGMs and EGMs, or better yet, call the company. If management isn’t willing to speak to shareholders, that’s a fairly good indication to me of what they think of their owners.

    Aaron and the board of Matrix check all the boxes I seek in Value.able companies. Re-read Chapter 6 of Value.able for more of my thoughts. And to watch another CEO interview, click here.

    Posted by Roger Montgomery, author and fund manager, 4 March 2011.

    by Roger Montgomery Posted in Companies, Energy / Resources.