The team at Montgomery have a busy month ahead! Reporting season is upon us for Financial Year 2018, and over the coming weeks companies will provide a flood of new information for the market to pore over. Continue…

by Ben MacNevin Posted in Companies.

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Malls were a very handy invention, allowing motorised shoppers to visit one location for all their retail desires. Yet as the internet keeps providing easier ways to get all your needs at the one place from the comfort of home, we wonder what will happen to the humble mall?

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by Ben MacNevin Posted in Consumer discretionary.

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Disney will move its Disney and Pixar branded movies from Netflix to its own streaming platform in 2019. It’s not surprising that Disney is pursuing a direct relationship with the consumers of their content, but you may be surprised to learn that Disney still desires one middle-man to remain.
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by Ben MacNevin Posted in Consumer discretionary.

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According to the renowned US researcher, Philip Tetlock, elite forecasters (or ‘superforecasters’) have two traits in common. First, they update their forecasts more often than other forecasters. Second, they update in smaller increments. His findings have important implications for all long-term investors wanting to sharpen their forecasting skills. Continue…

by Ben MacNevin Posted in Investing Education.

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We tend to sensationalise how quickly life around us is changing. But, in reality, change rarely happens quickly. And that’s why investors with a considered long-term view should do well. Let me illustrate, using Australia’s gas market as an example. Continue…

by Ben MacNevin Posted in Investing Education.

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Last week, leading media outlets led with a sensational headline that instantly grabbed my attention – “Fed’s Yellen expects no new financial crisis in ‘our lifetimes”. She was saying that the US now has a safer financial system, thanks largely to the efforts of the Fed. But will a safer system embolden market participants to take greater risks, thereby making the system riskier? Continue…

by Ben MacNevin Posted in Global markets.

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Resmed was the first company under my coverage when I joined Montgomery and I’ve thoroughly enjoyed following the company for five years. Over this time, I’ve always been fascinated by the treatment of sleep apnea, and it’s helped shape my understanding of an important investing principle: To generate value, you don’t need to solve a problem, you just need to provide a solution that’s materially better than your competitors. Continue…

by Ben MacNevin Posted in Companies.

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If you ever feel overwhelmed by the daily avalanche of news – real and fake – you’re not alone. Information overload can be quite a burden, and can make it hard to understand an issue and make good decisions about it. So, how might an investor cut through the noise? One strategy is to use news aggregator applications. Continue…

by Ben MacNevin Posted in Insightful Insights, Media Companies.

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If you invest your own money, and you’re looking to improve your performance, here is one simple tip you should consider: measure your returns. This may sound like common sense, but it’s remarkable how many of us are averse to critical reflection. Continue…

by Ben MacNevin Posted in Investing Education.

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Last November, Resmed launched its new range of AirFit masks. This led us to wonder if the uptick in growth in Resmed’s second quarter results was due to the new masks. Early indications are that the masks have been well received, and are increasing the company’s market share. Continue…

by Ben MacNevin Posted in Health Care.

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