As you may have heard, the Supreme Court of the United States legalised gay marriage last week. Not a line you may expect to start a blog post on investing, but the ruling provides a fascinating insight into how quickly society is changing. Continue…

by Ben MacNevin Posted in Insightful Insights, Investing Education, Market commentary.

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The quality of data, and hence its relevance to intrinsic value, depends on the degree that it can be quantified. This concept may seem simple, but the recent turbulence in the Flight Centre (ASX: FLT) share price demonstrates it may be under-appreciated by the market. Continue…

by Ben MacNevin Posted in Insightful Insights, Intrinsic Value.

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There are two parties involved in the allocation of capital both into and within public companies – the investor and the manager. Do your return requirements align with the managers of the companies you’re invested in?

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by Ben MacNevin Posted in Investing Education.

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In 2013 we attended a presentation by AGL Limited (AGL) which immediately caught our attention; a “perfect storm” for gas customers was likely to hit in 2016. Continue…

by Ben MacNevin Posted in Companies, Insightful Insights.

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After a comprehensive review of Australia’s infrastructure projects, there is one thing that is very clear. Sydneysiders must brace for significant disruption. Continue…

by Ben MacNevin Posted in Insightful Insights, Property.

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We may sound like a broken record, but according to The Australian, Lidl has applied for a portfolio of trademark classes across thousands of supermarket products in Australia. The threat to your local supermarket may advance quicker than expected. Continue…

by Ben MacNevin Posted in Companies, Insightful Insights.

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At Montgomery, we have often discussed market power as a driver of competitive advantage. Last week a major player in the travel industry launched a campaign to assert dominance, which, if successful, could have profound implications for Flight Centre (ASX: FLT) and Webjet (ASX: WEB). Continue…

by Ben MacNevin Posted in Airlines, Companies, Insightful Insights.

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In its June decision to leave cash rates unchanged at an historical low of 2 per cent, the Reserve Bank of Australia’s cautious post-announcement comments appear at odds with a government intent on record investment in infrastructure. Continue…

by Ben MacNevin Posted in Economics, Insightful Insights.

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GUD Holdings Limited (ASX: GUD), distributor of the Sunbeam and RYCO brands, recently made a transformational acquisition. Did the Montgomery funds participate in the capital raising to facilitate the deal? Continue…

by Ben MacNevin Posted in Companies, Insightful Insights.

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The iron ore price has become a barometer for the strength of the mining industry in Australia. Yet, mining investment has actually surged since the iron ore price began its descent in 2013. The real mining boom is only just about to end. Continue…

by Ben MacNevin Posted in Energy / Resources, Insightful Insights.

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