Companies
-
Why Invocare should say yes to TPG’s takeover offer
Roger Montgomery
March 13, 2023
On 7 March, funeral services provider, Invocare (ASX:IVC), received an unsolicited, non-binding indicative offer from giant U.S. private equity firm, TPG Global. TPG offered to buy all the shares in IVC through a scheme of arrangement for $12.65 per share – a 40 per cent premium to its previous close. Based on a quick calculation, I think this is a pretty good deal for IVC shareholders. continue…
by Roger Montgomery Posted in Companies.
- save this article
- POSTED IN Companies
-
Is QBE finally back on track?
Sean Sequeira
March 9, 2023
Just a cursory glance at the share price history of QBE Insurance Group (ASX:QBE) is enough to scare most investors away. After hitting a high of around $34 back in 2007, the stock has more than halved to around $15. But a new management team seems to be steering the business in the right direction, and many analysts see QBE as a turnaround story. continue…
by Sean Sequeira Posted in Companies, Editor's Pick, Stocks We Like.
- save this article
- POSTED IN Companies, Editor's Pick, Stocks We Like
-
Hardly normal conditions for Harvey Norman
Roger Montgomery
March 6, 2023
For big-ticket household items, established retailer Harvey Norman (ASX:HVN) is a bellwether company, offering insights into consumer behaviour and retail conditions, particularly in Australia. The company recently released its first-half results, and reactions were mixed. continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
- save this article
- POSTED IN Companies, Consumer discretionary
-
A tough road ahead for consumer discretionary businesses
David Buckland
March 2, 2023
In late-2022 Australian household deposits were $175 billion above trend, and this “extra cash” was largely in the hands of the 65+ years of age cohort. After many years of financial repression, these older Australians will enjoy earning a more reasonable return on their spare cash. continue…
by David Buckland Posted in Companies, Consumer discretionary.
- save this article
- POSTED IN Companies, Consumer discretionary
-
For travel stocks, it’s up, up and away
Roger Montgomery
February 27, 2023
If you’ve travelled lately and felt stung by the big increases in airfares and accommodation prices, you might think about ‘revenge investing’ in some travel companies. Because, since the post-pandemic re-opening, many – like Flight Centre and Qantas – have seen a big increase in patronage, profits and share price. continue…
by Roger Montgomery Posted in Companies, Stocks We Like, Tourism.
- save this article
- POSTED IN Companies, Stocks We Like, Tourism
-
WHITEPAPER
ARE WE THERE YET? WHAT TO DO WHEN THE BOTTOM OF THE MARKET IS UNKNOWN
Roger Montgomery’s latest whitepaper is now available. It explores the challenges of investing when no one knows whether equity markets have reached the bottom of the latest volatility cycle. The paper offers a framework to help you navigate today’s market and invest in quality, profitable companies with growth potential.
READ HERE -
Why we hold a material position in Seven Group
Michael Gollagher
February 24, 2023
Seven Group Holdings (ASX:SVW) is a diversified company with businesses and investments in industrial services, media and energy. We particularly like the company’s exposure to mining services and infrastructure investment – via WesTrac, Coates Hire and Boral – and its high quality management. Together, these factors should continue to drive earnings and share price performance over the long term. continue…
by Michael Gollagher Posted in Companies, Stocks We Like.
- save this article
- POSTED IN Companies, Stocks We Like
-
If you are an income investor, it pays to think long-term
Roger Montgomery
February 22, 2023
The past year has seen a distinct switch in investor focus from growth to yield. The irony, of course, is that many so-called ‘dividend stocks’ can be long-term wealth killers. And that’s why we prefer quality businesses – like CSL – which can grow both their market value, and their dividends, over time. continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Investing Education.
-
Adairs sheets home the blame for its poor HY23 result
Roger Montgomery
February 21, 2023
If you needed more convincing that Australia’s retailers are doing it tough, take a look at the HY23 result from manchester and homewares retailer Adairs (ASX:ADH). ‘Weak’, ‘disappointing’, ‘a miss’. That’s how various commentators described the result. But with the share price already in the doldrums, and the company paying an attractive dividend, the market seemed none too concerned. continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
- save this article
- POSTED IN Companies, Consumer discretionary
-
Is Breville good value after its recent results?
Roger Montgomery
February 16, 2023
Breville (ASX:BRG) the kitchen appliance company this week reported another record for half-yearly sales, albeit slightly below consensus. First half 2023 revenue grew 1.1 per cent to A$888.0 million, which was also 0.7 per cent higher, on a constant currency basis, than the first half of FY22. continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.
- save this article
- POSTED IN Companies, Editor's Pick, Stocks We Like
-
What are we seeing from reporting season in small caps so far?
Scott Phillips
February 15, 2023
In this video Scott speaks with Gary Rollo, portfolio manager of the Montgomery Small Companies Fund to provide an update on what we have seen from reporting season so far. It is early in the number of companies who have reported, but we can already see some key themes coming from the consumer sector. continue…
by Scott Phillips Posted in Companies, Stocks We Like, Video Insights.
