articles by Russell Muldoon
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A quick way to analyse a bank
Russell Muldoon
July 11, 2013
Banks are relatively simple businesses to analyse. Despite claims of being ‘different’ in an attempt to win wallet share, behind the scenes there is often very little differentiation between CBA, ANZ, WBC and NAB in the services they offer to their customers. Continue…
by Russell Muldoon Posted in Financial Services.
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Tales of the Australian dollar
Russell Muldoon
July 8, 2013
In recent years, a steadily climbing Australian dollar has been a significant headwind for a number of businesses in Australia, hindering their annual growth rates. This trend has now reversed, meaning that the earnings effect has switched – and we are keenly watching. Continue…
by Russell Muldoon Posted in Insightful Insights.
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May’s relative returns
Russell Muldoon
June 26, 2013
We are focused value investors. The approach we have adopted, with a combined 80 years of Australian share market experience in our team, is working – and working well*. Continue…
by Russell Muldoon Posted in Value.able.
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Thinking about Virtus
Russell Muldoon
June 19, 2013
A key investing theme at Montgomery Investment Management has for some time been the positive financial impact on healthcare companies from an ageing western demographic. Given that the sector is stable and growing, it’s a must have, at the right price, in our investment portfolios. Of the invested assets in The Montgomery [Private] Fund, healthcare currently occupies approximately 26%. Continue…
by Russell Muldoon Posted in Health Care, Insightful Insights.
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Sunny prospects for iSelect.com.au?
Russell Muldoon
June 13, 2013
On 24 June, under the ASX code ISU, the IPO (Initial Public Offering) of iSelect.com.au is scheduled to occur. In what is being touted as one of the ‘hottest’ floats of the year, the business is seeking $215 million in new funds through the issuance of 116 million new shares. Continue…
by Russell Muldoon Posted in Companies.
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The tides, they are a-changin?
Russell Muldoon
May 29, 2013
Charlie Munger was once asked what made him such a great investor. His reply was: “my guesses are better than yours”.
Continue…by Russell Muldoon Posted in Insightful Insights.
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A look at Credit Corp Group Limited’s prospects
Russell Muldoon
May 27, 2013
If a picture is worth a thousand words, we thought that after a recent meeting with Credit Corp Group Limited’s (CCP) management, a timetable would be helpful in showing how we currently anticipate the next few years playing out for the company. Continue…
by Russell Muldoon Posted in Companies, Insightful Insights.
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They’ve done it again!
Russell Muldoon
May 17, 2013
Back in January (you can find our older post here), we produced the following table showing how, since 2010, Credit Corp Group (ASX: CCP) management have generally been conservative when providing initial guidance on the year ahead, and then how they have announced upgrades in a useful, if not predictable, way each November, February and May.
Continue…by Russell Muldoon Posted in Insightful Insights.
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New IPOs on the block
Russell Muldoon
May 10, 2013
Despite the buoyancy in the stock market over the past 12 months, it has been surprising to see so few new businesses apply for listing on the Australian Securities Exchange. Fewer still we would deem to be quality.
Continue…by Russell Muldoon Posted in Insightful Insights.
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Up up and away…?
Russell Muldoon
May 3, 2013
It should come as no surprise. We have always shunned capital intensive businesses such as Qantas.
Continue…by Russell Muldoon Posted in Airlines, Insightful Insights.
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