articles by Andreas Lundberg
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Do we view Brambles as a high quality company?
Andreas Lundberg
May 2, 2019
Brambles is one of the companies that you’d think would tick quite a few of the quality criteria that we at Montgomery evaluate any potential investment on. Let’s have a look and see! Continue…
by Andreas Lundberg Posted in Companies.
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Domestic vs. international gas prices
Andreas Lundberg
April 12, 2019
I have previously shared my view on Australia’s high energy prices and why investing in new coal producing power is a bad idea. Today, I would like to revisit what has happened in international liquefied natural gas (LNG) markets and compare it to what is happening to domestic gas prices. Continue…
by Andreas Lundberg Posted in Energy / Resources.
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Wesfarmers bid for Lynas; what are they thinking?
Andreas Lundberg
March 28, 2019
On Tuesday, market watchers in Australia were collectively scratching their heads in surprise to the Wesfarmers bid for Lynas Corporation (ASX:LYC). It is well known that Wesfarmers is looking to invest capital having spun off Coles last year, but if you had asked all the fund managers and analysts in Australia to rank their potential targets, Lynas would be very unlikely to appear high on anyone’s list. Continue…
by Andreas Lundberg Posted in Companies.
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Do Agile working practices provide better financial results?
Andreas Lundberg
March 20, 2019
In this week’s video insight Andreas takes a closer look at the impact of different management philosophies and trends. Delving into a case study on one of our holdings Spark New Zealand, the implementation of Agile working practices has decreased labour costs resulting in increased EBITDA margin. Continue…
by Andreas Lundberg Posted in Editor's Pick, Video Insights.
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BUSINESS CONDITIONS LOOK TO BE GETTING WORSE
Andreas Lundberg
March 14, 2019
NAB’s February business survey, published 12 March, paints a truly bleak picture, particularly for retailers. It shows that Australian business conditions – namely, sales and profitability – are worsening at an accelerating pace. Not surprisingly, business confidence is also on the skids. Continue…
by Andreas Lundberg Posted in Market commentary.
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Say farewell to the infrastructure boom
Andreas Lundberg
March 6, 2019
In recent years, state budgets have benefited from rising revenues, particularly from stamp duty. But now that revenue stream is being squeezed, particularly in New South Wales and Victoria. This decline in revenue could be a real issue for businesses that rely on state infrastructure spending. Continue…
by Andreas Lundberg Posted in Market commentary.
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Ramsay plays down Brexit risks as British unit shows signs of recovery
Andreas Lundberg
March 1, 2019
Carrie LaFrenz published an article in the Australian Financial Review which discusses Ramsay Health Care and comments on Andreas’ view that Ramsay may not produce the growth they had previously and comments on their recent result. Read here.
by Andreas Lundberg Posted in On the Internet.
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HOW MUCH PERSONAL CREDIT IS OUT THERE?
Andreas Lundberg
February 25, 2019
Recent data shows a continuing decline in new and outstanding personal credit. This is a concern for our retailers, as it means Australians are taking on less debt for spending on discretionary items. Continue…
by Andreas Lundberg Posted in Consumer discretionary.
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Our view on Challenger
Andreas Lundberg
February 11, 2019
At the end of January, the market took a sledgehammer to the share price of Challenger (ASX:CGF) following a trading update. Clearly, many investors did not like what they saw. But was the update really that bad? Continue…
by Andreas Lundberg Posted in Companies, Stocks We Like.
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Christmas fails to bring cheer to traditional retailers
Andreas Lundberg
January 30, 2019
Yet another gloomy set of figures has just been released highlighting the woes that beset bricks-and-mortar retailers. It confirms our view that investors need to be cautious about retail stocks and, by extension, their landlords. Continue…
by Andreas Lundberg Posted in Consumer discretionary.
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