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Is Roger Montgomery concerned about the SGX bid?

Is Roger Montgomery concerned about the SGX bid?

In this extended interview with Ross Greenwood, Roger Montgomery shares his concerns about the Singapore Stock Exchange bid for ASX. Roger questions whether the acquisition is in Australia’s best interest. Roger also answers listener questions about Bluescope Steel (ASX:BSL), One Steel (ASX:OST), Atlas Iron (ASX:AGO) and Telstra (ASX:TLS). Listen to Podcast.

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Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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5 Comments

  1. From Montgomery IT wiz kids: All Podcast links are now working. Apologies for the delay. Wishing you a happy Easter hunt today!

    Greg – Once a Podcast has been published here at Roger’s blog they remain live forever. Go to Media Room then click the Podcasts tab to see the archive.

    • Hi Roger,
      Just listened, boy does Ross like to be heard. I think both my wife and I need to become lollipop (wo)men, not at schools, of course!
      Maybe the price of steel is up but the quantity/quality is down.

      I agree with you on ASX. There are a few things a sovereign country should have one of those is a government another is control over its capital markets. Allowing SGX to take over ASX would give control to another country. It’s a bit like selling Arnotts to Campbells and complaining Monte Carlos biscuits aren’t the same anymore. As I understand it SGX is in s a race with Hong Kong Exchange as the proxy for a China listing. If SGX got the aussie miners that would stop there slow fade to irrelevance, as other world stock markets merge.
      A stock exchange is just a big computer with lots of access ports (brokers) and that computer can be located anywhere, with a good Vocus link even Singapore! We need our stock Exchange(s) operating in, owned by, regulated, taxed by, and answerable to: Australians.

      Regards Greg

  2. Hi Roger

    The link to the above mp3 does not open for me.
    Are they only availible for a short period?

    Happy Easter
    Greg

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