Monthly Archives: October 2013

  • Resetting the compass (even when times are good)

    Russell Muldoon
    October 16, 2013

    For many investors, the sharemarket seems daunting and impossible to understand. One day it’s down on fears that interest rates might rise or that the US will default. The next it’s up on confirmation that they have or on speculation that the debt ceiling will be raised.

    In our experience, confusion amongst investors exists, at least partly because of the human tendency to complicate matters. That, and the fact that many experts being replied upon simply end up being wrong. The tendency to make simple things difficult coupled with a plethora of daily news to be distracted by ensures obfuscation rather than clarity is the environment in which investors find themselves operating in. Of course, it doesn’t need to be this way. Continue…

    by Russell Muldoon Posted in Insightful Insights.

  • Hot floats

    Roger Montgomery
    October 15, 2013

    Talking to Ross Greenwood on Radio 2GB’s Money News, Roger talks about the reams of upcoming floats. Are these value investing opportunities? Listen here.

    by Roger Montgomery Posted in Radio.

  • A smorgasbord of investment opportunities

    Roger Montgomery
    October 15, 2013

    In this interview with Ticky Fullerton on ABC1’s The Business, Roger talks about upcoming investment opportunities. With floats of all sizes and from all sectors, the IPO market is set to take off. But what about the prospect of the US defaulting on its debt? Find out what Roger thinks here.

    by Roger Montgomery Posted in TV Appearances.

  • It’s official. BT Wrap adds Montgomery Fund!

    Roger Montgomery
    October 15, 2013

    For some time investors who have a solid working relationship with their planner and or advisor have faced some challenges investing directly in The Montgomery Fund. Those challenges are just a little lower now thanks to The Montgomery Fund’s official inclusion on the BT Wrap platform today. Continue…

    by Roger Montgomery Posted in Montgomery News and Updates.

  • Bubble trouble (15/10/2013)

    Roger Montgomery
    October 15, 2013

    by Roger Montgomery Posted in Video Insights.

  • Another Montgomery Investor Wins

    Roger Montgomery
    October 15, 2013

    Australia, it is said, loves a winner, and I must confess it would be irrational at Montgomery for us to celebrate anything less. Our investors should demand, over the long run, a series of wins that compound to maintain or increase their purchasing power. That’s our job and so we aren’t backwards in coming forwards when we ourselves rank Number #1 or Number #2 in the fund manager rankings – as has been the case recently. Continue…

    by Roger Montgomery Posted in Montgomery News and Updates, Value.able.

  • How to assess a float

    Roger Montgomery
    October 14, 2013

    In this interview with John Morrison on ABC Radio’s Statewide Drive programme, Roger explains how to assess a float for value investing potential. Listen here.

    by Roger Montgomery Posted in Radio.

  • Welcome Scott Phillips!

    Roger Montgomery
    October 14, 2013

    We are delighted today to welcome Scott Phillips to the Montgomery Investment Management team as Head of Distribution. Welcome aboard Scott! Continue…

    by Roger Montgomery Posted in Value.able.

  • On the Chase for Yield

    Roger Montgomery
    October 13, 2013

    The equity market can at times seem like a creature of fashion, if not completely bipolar. Particular investment attributes, like high rates of EPS growth or resistance to economic downturn, may attract a premium for a period of time only to fade down the track as other attributes rise to prominence in the minds of investors.

    One of the more dramatic examples in recent times was the way the market’s views on gearing evolved through the GFC. Before mid-2007, companies with high gearing levels did not appear to be penalised by the market for the increased risk that comes with debt. Later, when debt became harder to refinance, gearing levels and maturity profiles became primary drivers of the market’s assessment of corporate merit. Continue…

    by Roger Montgomery Posted in Insightful Insights.

  • Let’s do Lunch!

    Roger Montgomery
    October 12, 2013

    It’s Good Food Month in Sydney so now is the time to come over to our office in Pyrmont and allow us take you to lunch at one of the fantastic restaurants in The Star complex. Uh, well, actually…no. We can’t. Why? Well unless it’s Friday – they’re closed. Continue…

    by Roger Montgomery Posted in Economics, Insightful Insights.