articles by Andreas Lundberg
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Why we’re still cautious on retail stocks
Andreas Lundberg
February 14, 2018
With household costs going up, and the wage index comping down, it’s little wonder Australians are finding it harder to save. If this trend continues, it spells leaner times for Australian businesses exposed to consumer spending. Continue…
by Andreas Lundberg Posted in Consumer discretionary.
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- POSTED IN Consumer discretionary.
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Which companies will gain from a stronger Aussie dollar?
Andreas Lundberg
January 18, 2018
If you’re about to travel to the US, you’ll be gladdened by the trajectory of the Australian dollar (AUD). After falling to around US75c in December, it’s now buying around US80c. For Australian companies, however, the picture is far more complex. So I thought I’d have a look at some of the likely winners and losers from changes in the AUD. Continue…
by Andreas Lundberg Posted in Foreign Currency.
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Is foreign money laundering boosting Aussie property prices?
Andreas Lundberg
December 22, 2017
We keep hearing government ministers and industry players say that the best way to improve housing affordability is to boost housing supply. The problem is, there are other forces contributing to soaring property prices. And one of them is foreign money laundering – something our governments seem reluctant to tackle. Continue…
by Andreas Lundberg Posted in Property.
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Housing trends. First nationwide reversal in prices
Andreas Lundberg
December 15, 2017
As long-time readers well know by now, we consider residential property in Australia to be very expensive and the price trends are something that we follow closely primarily for the impact that it has on other industries. Continue…
by Andreas Lundberg Posted in Property.
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Who wins when US yields go higher?
Andreas Lundberg
November 30, 2017
For the first time in 20 years, 2-year US government interest rates have gone above 2-year Australian government interest rates. This is a significant turning point, and could signal the start of a new economic phase. Australian investors will need to be mindful of the consequences. Continue…
by Andreas Lundberg Posted in Editor's Pick, Market commentary.
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Two reasons we don’t invest in mining firms
Andreas Lundberg
November 13, 2017
As most of our readers likely know, you are very unlikely to see any Montgomery managed funds invest in mining companies. And recent news out of China supports our investment approach. Continue…
by Andreas Lundberg Posted in Energy / Resources.
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Investments like Resmed help us sleep better at night
Andreas Lundberg
October 31, 2017
Resmed (ASX: RMD) – the Aussie sleep apnea treatment business – is a company we really like. It’s the largest position in the Montgomery [Private] Fund and second largest in The Montgomery Fund. And its 1Q results were again impressive, propelling the stock price to all-time highs.
Continue…by Andreas Lundberg Posted in Companies.
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Why we’d like to own Macquarie – but not just yet
Andreas Lundberg
October 27, 2017
We like high quality businesses. And Macquarie Group (ASX: MGQ) is clearly one of those. So, you may wonder, why don’t we hold it in our funds? Continue…
by Andreas Lundberg Posted in Companies.
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Four reasons to buy Challenger
Andreas Lundberg
October 18, 2017
Like all good companies, Challenger Limited (ASX: CGF) has a habit of under-promising and over-delivering. It’s a fact not lost on investors, who have driven the share price up from around $3 five years ago, to over $13 today. Challenger is a top 3 holding in The Montgomery Fund, and our confidence in the business was borne out yet again this week when it reported a 1Q trading update. Continue…
by Andreas Lundberg Posted in Companies.
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Has Select Harvests gone nuts?
Andreas Lundberg
October 13, 2017
Just as we start to believe we have seen everything, all of a sudden a company takes us by surprise. Take the recent decisions by Select Harvests, for example. Continue…
by Andreas Lundberg Posted in Companies, Editor's Pick.
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