Scott Shuttleworth
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Successful investing is simply the art of receiving more in terms of present and future profits than you ultimately pay for as your upfront investment. Hence the phrase ‘value is what you get, price is what you pay’.
At the end of August we provided some brief comments on the FY16 results of Sirtex Medical Limited (ASX:SRX). At the time, we noted that SRX should be on the radar of every value investor. We continue to hold that view, and are happy to share our most recent thoughts on the variables we consider when evaluating the business.
Continue…Sirtex Medical (ASX: SRX) has just reported its FY16 results, and they were pleasing on every metric. We recently commented on the firm’s sales growth which the market took the news badly and subsequently the price of the firm’s shares fell. Continue…
Before Brexit, Henderson Group PLC (ASX: HGG) was a core holding for many Australian investors seeking international exposure. Since then, its share price has plunged about 20 per cent. HGG has just reported its 1H16 result, and we still like the business, but there are some provisos. Continue…
The ACCC has launched its investigation into Vocus Communications’ acquisition of Nextgen Group, calling for industry submissions into how the deal could impact competition in the sector. In this video, Scott Shuttleworth outlines Montgomery’s thinking on Vocus.
With the recent commentary around iSentia and its future prospects, it seemed a timely occasion to provide some clarity and answer some questions regarding our thesis to investors and blog readers. Continue…
Last week’s takeover by Vocus Communications of Nextgen was the latest chapter in the consolidation of our telecommunications sector. On paper, it looks like a good deal. Do the numbers stack up? Continue…
In the year to 30 June 2016 the Australian All Ordinaries Index declined by 2.6 per cent to 5,310.4 points. The current environment is somewhat challenging for investors. Continue…
In our last article, we looked at how investors can use the valuation spectrum to make better decisions when managing their investments. In the article, we discussed base cases and low cases. Now we look at high cases. Continue…
Continuing in our theme of answering unanswerable questions, we last week reviewed a model which can aid investors in entering a position, but what about getting out? Continue…