Continuing on from our recent blog post on Australia’s best listed-list providers, specifically Carsales.com.au (CRZ), Domino’s Pizza Limited (DMP) and REA Group Ltd (REA) – or realestate.com.au – in what is arguably the standout result in this reporting season, Seek.com.au (SEK) has produced an outstanding update with impressive growth numbers reported across the board.

Naturally, given SEK holds the second largest position in both The Montgomery Fund and The Montgomery [Private] Fund, this is something we are very pleased to see. Below you will find some of our preliminary notes after skimming through their half-year report. Continue…

by Russell Muldoon Posted in Companies, Insightful Insights.

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Some of the biggest and best online businesses are lists. Everything from lists of cars, boats and houses, to lists of flights and hotel rooms, right on down to lists of pizza.

And just for you, we’ve even created one below. A shortlist of some of the market’s recent winners based on positive announcements so far this year. Continue…

by Russell Muldoon Posted in Companies, Consumer discretionary.

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We’ve recently experienced a rash of downgrades to market expectations: including Super Retail Group (SUL) and The Reject Shop Limited (TRS), along with poor showings from US electronics retailers and the material decline to the share price of JB Hi-Fi Limited (JBH). Continue…

by Russell Muldoon Posted in Companies, Consumer discretionary.

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For those who have been reading our quarterly updates for the past few years on Credit Corp Group Limited (CCP), we must be beginning to sound like a broken record. We certainly feel like one. Continue…

by Russell Muldoon Posted in Companies, Consumer discretionary, Technology & Telecommunications.

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Despite the media talking up a very positive sales period over Christmas for our retailers, a mixed bag of trading results reported by the likes of JB Hi-Fi Limited (JBH), Super Retail Group Limited (SUL) and The Reject Shop Limited (TRS), have left many investors scratching their heads. Continue…

by Russell Muldoon Posted in Companies, Insightful Insights.

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In the early stages of 2012 – and in reaction to the challenges the Australian economy was potentially facing – the Reserve Bank of Australia adopted an aggressive easing bias towards monetary policy. What followed was a period of extremely aggressive interest rate cuts and the yield on Australia’s 10-year government bonds fell from 4.4 per cent to the historical low of 2.5 per cent just a few months later. Continue…

by Russell Muldoon Posted in Insightful Insights.

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After Sirtex Medical Limited’s (ASX:SRX) share price rallied to $13.24 yesterday, the company’s market capitalization reached $640m. Not yet a big business, nor one that is widely held or covered by the investment community, we believe it has very bright prospects. Continue…

by Russell Muldoon Posted in Companies.

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TPG Telecom (TPM) is set to become a major player in the Australian Telecommunications sector after announcing the acquisition of Telecom New Zealand Australia Pty Ltd and its subsidiaries, which include AAPT and PowerTel.
The acquisition, to be consummated on 28 February 2014, is highly complementary given it will add 11,000km of optical fibre, 254 Mid Band Ethernet exchanges, 1,500 directly connected premises and 15 data centres, servicing 300 wholesale customers and ~5,000 business customers, to TPG’s current infrastructure base. Continue…

by Russell Muldoon Posted in Companies.

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Things are looking tough for the Mining Services sector. Intense competition, falling revenue and lower margins were laid bare in the latest round of Annual General Meeting (AGM) presentations. Continue…

by Russell Muldoon Posted in Energy / Resources.

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