Monthly Archives: December 2014

  • Performance to 30 November 2014

    David Buckland
    December 4, 2014

    We have witnessed a lot of volatility in the Australian share market over the the first five months of the 2014/2015 financial year.

    Over that period the S&P/ASX All Ordinaries Accumulation Index, which assumes reinvestment of dividends, has recorded a positive return of 0.3 per cent. Pleasingly, investors in both Montgomery Funds have recorded a return of 6.6 per cent, after expenses. Continue…

    by David Buckland Posted in Montgomery News and Updates.

  • IS CASH DEAD FOR GOOD?

    Roger Montgomery
    December 3, 2014

    DEC 3, 2014: According to Finsia  “competition from new technology and growing customer demands have seen 12 financial services organisations team up to back a world-leading, real-time payments solution for Australia.

    The New Payments Platform (NPP) marked a milestone on December 2, 2014 when the Society for Worldwide Interbank Financial Telecommunication (SWIFT) was unveiled as NPP Australia’s chosen platform builder and operator. Continue…

    by Roger Montgomery Posted in Financial Services, Insightful Insights, Technology & Telecommunications.

  • A good year for active fund managers?

    Tim Kelley
    December 3, 2014

    The ASX has gone nowhere this year. After strong performances in 2012 and 2013, 2014 is looking decidedly lacklustre going into the home straight.

    One of the features of the year to date has been the very poor showing by resources companies. The Australian equity market has a heavy weighting to resources, and when commodity prices decline, the Australian equity market can lag those of other nations. Clearly this can be a positive as well – in boom times a strong resources market will drive the ASX higher. Continue…

    by Tim Kelley Posted in Energy / Resources, Insightful Insights, Investing Education.

  • Oils ain’t oils…

    Roger Montgomery
    December 2, 2014

    Despite our best efforts to alert investors and advisers to the traps, many remain unwitting speculators.

    Take the recent collapse in the price of oil. An army of analysts has already produced a mountain of research and thought-pieces under titles like “Winners & Losers from the Oil Price Crash”. Continue…

    by Roger Montgomery Posted in Airlines, Energy / Resources.

  • The changing supermarket industry (02/12/2014)

    Roger Montgomery
    December 2, 2014

    by Roger Montgomery Posted in Value.able, Video Insights.

  • Is the corporate opportunity for TPG overlooked?

    Scott Shuttleworth
    December 1, 2014

    After a meteoric rise, it’s prudent to question whether there is value left in a share price, and it’s a question we have been pondering on TPG Telecom Limited (ASX: TPM) for quite some time. There is plenty of media on the consumer side of the business, particularly with regard to its positioning against the NBN, but in this post I’ll be discussing the corporate side, which is also deserving of attention. Continue…

    by Scott Shuttleworth Posted in Insightful Insights, Technology & Telecommunications.

  • Is Vocus about to light up?

    David Buckland
    December 1, 2014

    Russell and I attended the Vocus Communications Limited (ASX: VOC) Annual General Meeting last week. While the company could not give anything away on their proposed merger with Amcom Telecommunications Limited (ASX: AMM), we continue to be incredibly impressed with the calibre of the Vocus Board of Directors, especially in the context of its $600m market capitalisation.

    In the four years to June 2014, the company’s revenue line has increased from $31m to $92m, while its EBITDA has climbed from $10m to $33m. And in the four years to November 2014, the Vocus Communications’ share price has responded in kind by quadrupling from $1.50 to the current $6.00. Continue…

    by David Buckland Posted in Companies, Insightful Insights, Investing Education, Technology & Telecommunications.