Companies

OzForex is an online platform providing foreign exchange transfer services for consumers and businesses. In this white paper we explain why the business meets many of our tests for an extraordinary business, but why price is the only stumbling block to our participation. continue…

by Roger Montgomery Posted in Companies, Foreign Currency, Whitepapers.

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Much as we used to let our fingers do the walking through the Yellow Pages, today’s customers and students now ‘Google’ it. There are many things that don’t work perfectly, but that hasn’t inhibited Google’s growth. The following picture from Statista provides a useful snapshot of Google’s footprint. continue…

by Roger Montgomery Posted in Companies, Insightful Insights.

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RogerMontgomery.com subscribers can read our in-depth analysis of OzForex in this month’s exclusive white paper later this week.

Despite the buoyancy in the stock market over the past 12 months, we have been surprised to see so few new businesses apply for listing on the Australian Securities Exchange.

Rising markets, maturing term deposits and low cash rates are a good recipe for companies with IPO plans. Investors, who are likely to be more open about putting their hard-earned savings to work rather than reinvesting them in low yielding term deposits, may be keen to take on a little more by investing in companies that are angling to take the IPO plunge. continue…

by Roger Montgomery Posted in Companies, Insightful Insights.

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Since we wrote our first post here, G8 Education (ASX: GEM) has continued to be very active on the financing and acquisition front. We have adjusted our timeline of events for 2013 below to incorporate the new developments continue…

by Russell Muldoon Posted in Companies.

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Boart Longyear (ASX: BLY) owns the world’s largest fleet of drilling equipment, and in doing so has amassed considerable debt. The downturn in the mining sector brought the company perilously close to breaching its debt covenants, and while management was able to refinance the debt earlier this week, we are unconvinced that this has given the company a lot of breathing space. continue…

by Ben MacNevin Posted in Companies, Insightful Insights.

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Ansell (ASX: ANN) is a company that has grown its earnings by 7 per cent a year for the past 6 years. But rather than doing it organically, it has primarily done this by purchasing other companies. continue…

by Ben MacNevin Posted in Companies, Insightful Insights.

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One potentially interesting opportunity in the market at the moment is Miclyn Express Offshore (MIO), which provides support, crew and utility vessels to the offshore oil and gas industry. MIO is 75 per cent owned by private equity players Champ and SEA6, and has received from them a conditional, indicative, non-binding proposal to acquire the remaining shares, at a price of $2.20 cash. continue…

by Tim Kelley Posted in Companies.

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Resmed is a company that manufactures machines and masks for sufferers of sleep apnea. At Montgomery, we believe that Resmed is a quality business with strong fundamentals. Despite both funds being shareholders, none of our team has trialled the products first hand. Until now. continue…

by Ben MacNevin Posted in Companies.

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Bigair (BGL) is a small business with a market capitalization of just $126m, so the chances are you’re unlikely to be familiar with the story. But perhaps importantly, you don’t need to be a rocket scientist to quickly get a handle on the business’s underlying drivers which we think can be broken out into two core elements. continue…

by Russell Muldoon Posted in Companies.

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The big four banks have attracted a fair bit of media comment recently. On one hand we are told that some international investors can’t understand the lofty valuations attached to Australian banks and are shorting them in volume. On the other hand we are informed that these international investors do not properly understand the Australian context, and will surely get burned on their shorts. continue…

by Tim Kelley Posted in Companies, Financial Services.

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