Chief Executive Officer of Montgomery Investment Management, David Buckland has over 30 years of industry experience.
David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.
Earlier this week, the Australian Competition and Consumer Commission (ACCC) commented on the Harper Competition Review Draft Report. ACCC Chairman, Rod Sims, said: “The draft report is part of the most significant review in this area for over 20 years”. Continue…
During Sky Business’ Your Money Your Call – on which the Montgomery team regularly appear – there is a segment entitled ‘Buy, Hold, Sell’. One of my preferred ‘Sells’ over recent years has been Arrium Ltd (ASX: ARI), formerly known as OneSteel. Continue…
For anyone reading this in New South Wales, I encourage you to consider a summer holiday at Hawks Nest. About 220km north of Sydney, both it and the neighbouring Tea Gardens offer many things; including beautiful beaches and bays, great seafood and a wonderful golf course. Continue…
With US ten-year bonds range trading between 1.5 per cent and 3.0 per cent over the past two years, there is a view that US inflationary expectations are dead and buried. Continue…
The Montgomery Fund was launched on 17 August 2012, with a minimum initial investment of $25,000, and has just celebrated its second anniversary. In the period to 31 August 2014, The Fund has delivered an absolute return of 51.32 per cent, after expenses. Continue…
I was reading the Independent Report on the merits of the proposed acquisition of FX Networks by Vocus Communications Ltd (ASX: VOC), and thought I would provide the following points made by KPMG, that haven’t previously been articulated in past posts. Continue…
Following our recent post on REA Group, I thought it worthwhile to observe the patience in which some companies invest their expansion capital. Continue…
At the recent American Society of Clinical Oncology (ASCO) Annual Meeting, Dr Andrew Kennedy was interviewed on his thoughts regarding the application of Sirtex Medical’s SIR-Spheres microspheres. Continue…
We last wrote about Bentham IMF Limited (ASX: IMF) back in February, and now point out the company has filed proceedings on behalf of former and current BrisConnections unit-holders against Arup. Arup are the engineering consulting firm who prepared the traffic forecasts for the Brisbane Airport Link toll road. Continue…
One thing we can say about the Reserve Bank of New Zealand is they certainly move quickly when they think it is appropriate to do so.
For example, in the nine-month period between July 2008 and April 2009, the New Zealand official cash rate (OCR) was cut on seven occasions, from 8.25 per cent to 2.5 per cent.
Now the opposite is occurring and in the past four months the OCR has been increased on four occasions – each by 0.25 per cent – from 2.5 per cent to 3.5 per cent. The New Zealand economy is expected to grow by 3.7 per cent in 2014, with the recovery in construction and net migration adding to housing and household demand.
The graph below compares the New Zealand 90-day bank bill rate with the New Zealand official cash rate, which commenced life in March 1999 at 4.5 per cent.
