Money News 21.05.2019
In this interview on Money News, Roger discusses the impact the Federal Election had on markets. Following the surprise result we have seen a rally in the banks. Is this due to the fear of losing franking credits under a Labor government prior to the result?
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.
Jau
:
Hello Roger,
I know you are busy and you may receive same requests on a daily basis but it would do me a great help if I could know your thought on the banks at the moment. What do you think the values of 4 big banks are? And are NAB and WBC cheap compare to their price now? Will you buy any of these monopolies in the island now?
Kind regards,
Jay
Roger Montgomery
:
I would say the bounce we have seen following the election may reverse a little as the market remembers that capital requirements are higher and mortgage growth – which we expect to recover from the slump following the Royal Commission and ahead of the election – will still be slower than during the boom.