Chief Executive Officer of Montgomery Investment Management, David Buckland has over 40 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.
The Australian Financial Review’s Jeremy Chunn published an excellent piece this week taking a look at the major banks. With full-year results for three of the four major banks delivered in the past two weeks, Jeremy asked five professional investors for their outlook on the sector. This included a London-based analyst for perspective on the value of Australian banks relative to international peers.
The Montgomery team has generated meaningful insights from our research and analysis of the banking space and the impact of the changes emanating from the Financial System Inquiry. Read the article to below to find out which bank is the stand out pick in an industry facing increasing challenges.
Click here to read the article on the AFR’s site.
Please note, you may need to be an AFR subscriber to view this article.
Wayne Byres, Chairman of Australian Prudential Regulation Authority (APRA) recently made a mockery of the Banks’ self-administered stress tests. Continue…
In this article, David Buckland comments on the two main issues relating to bank capital from the upcoming Financial Services Inquiry report due to be released in November 2014. Read here.
Despite the turbulence in the seven-week period to mid-October, when the overall market declined nearly 10 per cent, both the Montgomery Funds have recorded solid results for the first four months of the 2014/15 financial year. This has been achieved with relatively large holdings in cash. Their absolute and relative returns (after expenses) are detailed below.
I sat next to David Murray AO, Chairman of the Financial Services Inquiry (FSI), at a breakfast meeting yesterday and I understand his final report is scheduled for presentation to Treasurer Hockey before the end of the month.
David is a quiet and very thoughtful guy and with a chuckle he said, “I have been trying to leak the recommendations of the FSI but no one seems to be listening”. Continue…
I was cantering though the Vocus Communications Ltd (ASX: VOC) 2014 Annual Report, and I thought I would highlight the following points… Continue…
Less than four weeks ago, Ausdrill Limited (ASX: ASL) released its 2014 Annual Report and Notice of AGM. At the time, the company was “…expecting an improved result in FY15 with improvements expected particularly in the Energy Drilling Australia business and in the African Mining Services business”. Continue…
The Australian All Ordinaries Index made a post-GFC high on 21 August 2014 at 5,672 points; 1200 points short of its all-time high (6,873) recorded in late-2007. In the most recent seven-and-a-half weeks, the market has retreated around 550 points (or 10 per cent) to 5,122 points at the time of writing. Continue…
This blog post follows on from a piece I wrote back in July, on Titan Energy Services (ASX: TTN). Continue…
In the face of a poor market during the September 2014 quarter, both Montgomery products recorded very pleasing results. The Montgomery Fund (TMF) was up 4.9 per cent, while The Montgomery [Private] Fund (MPF) was up 4.2 per cent. Continue…
