articles by Ben MacNevin
-
One man’s trash is another man’s treasure
Ben MacNevin
March 19, 2015
Whether willing or not, people are increasingly divulging their personal information through Apps and mobile devices, which means that competitive advantages will accrue to companies that can best collect and use this data. Investors are facing an increasingly difficult ethical dilemma – should returns come at the cost of personal freedom? Continue…
by Ben MacNevin Posted in Insightful Insights, Technology & Telecommunications.
-
One stock we had to get our hands on
Ben MacNevin
March 10, 2015
During reporting season, we were quick to build a new position in a company after seeing a much stronger result than we had forecast in our research. A large cash holding allows Montgomery Investment Management to be nimble when opportunities present themselves. Continue…
by Ben MacNevin Posted in Companies, Consumer discretionary.
- 3 Comments
- save this article
- 3
- POSTED IN Companies, Consumer discretionary.
-
Checking Up on Private Health Insurance
Ben MacNevin
March 3, 2015
The Minister for Health has released the premium rate approvals for the Private Health Funds, which will come into effect from 1 April 2015. So what does it mean for our investment with Medibank Private (ASX: MPL)? Continue…
by Ben MacNevin Posted in Health Care, Insightful Insights.
- 5 Comments
- save this article
- 5
- POSTED IN Health Care, Insightful Insights.
-
Carsales: How did the first half of 2015 fare?
Ben MacNevin
March 2, 2015
We recently discussed the prospects for Carsales.com Limited (ASX:CAR) and covered why we had a cautious view coming into the first half result. The company has since reported and we have some details to share following the group’s conference call and meeting with Management. Continue…
by Ben MacNevin Posted in Insightful Insights, Manufacturing, Technology & Telecommunications.
-
Please Sign Here
Ben MacNevin
February 25, 2015
NIB Holdings (ASX: NHF) has reported hospital claims inflation of 17 per cent for the first half of the 2015 financial year, which we believe demonstrates the inferior position of the smaller funds in the health care chain. Continue…
by Ben MacNevin Posted in Health Care, Insightful Insights, Insurance.
- 4 Comments
- save this article
- 4
- POSTED IN Health Care, Insightful Insights, Insurance.
-
Not always a leisurely path
Ben MacNevin
February 20, 2015
A company that generates stable cash flows is highly appealing, as it allows management to redistribute capital with a considerable amount of visibility. Yet investors should always value new growth opportunities on a stand-alone basis, and not allow the stability of the core business to influence the perceived risk of new endeavours. Continue…
by Ben MacNevin Posted in Companies, Insightful Insights.
- save this article
- POSTED IN Companies, Insightful Insights.
-
IMF: Discussion with Management
Ben MacNevin
February 18, 2015
IMF Bentham (ASX: IMF) released pleasing first-half 2015 results, though there were some particular points which required clarification, as highlighted in our previous post. We have since met with management where these key points, amongst others, were discussed. Continue…
by Ben MacNevin Posted in Companies, Insightful Insights.
- 5 Comments
- save this article
- 5
- POSTED IN Companies, Insightful Insights.
-
IMF: A Step-Change
Ben MacNevin
February 13, 2015
Regular followers of the blog should be well aware of our favourable view of Bentham IMF (ASX: IMF) – see here. We are pleased with the company’s recent 2015 half-year results. Continue…
by Ben MacNevin Posted in Companies, Insightful Insights, Intrinsic Value, Montgomery News and Updates.
-
SAE it ain’t so
Ben MacNevin
February 5, 2015
Companies that can reinvest large amounts of capital at high rates of return are a rare breed. Such companies must be careful to preserve value when pursuing growth outside of their core competency, especially if management becomes distracted by new business opportunities. Continue…
by Ben MacNevin Posted in Consumer discretionary.
- 2 Comments
- save this article
- 2
- POSTED IN Consumer discretionary.
-
Stratton the Saviour?
Ben MacNevin
January 30, 2015
We consider Carsales.com (ASX:CAR) to be one of the highest quality businesses on the ASX and has been favoured by Montgomery Investment Management for a number of years. Yet in September 2014, we exited our position based on a number of concerns which we detailed here. Continue…
by Ben MacNevin Posted in Insightful Insights, Investing Education.
