Companies

JB Hi-Fi Limited (ASX:JBH) has again outperformed market expectations with its first-half of 2025 (1H25) earnings results. JB Hi-Fi continues to demonstrate its knack for navigating economic uncertainty while driving shareholder returns through impressive cash generation and dividends. continue…

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The largest position in The Montgomery Fund’s portfolio, at almost eight per cent of the portfolio, is the Commonwealth Bank of Australia (ASX:CBA), purchased back when the price was below $78 per share. This week, the company released its December half-year profit results, revealing a business reinforcing and extending its competitive advantages in a fiercely competitive market.  continue…

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Breville Group (ASX:BRG) is a high-quality company, profitably held in the Montgomery Small Companies Fund. Breville released its half-year earnings this week – and the numbers point to a robust underlying performance. Nevertheless, investors will debate whether the guidance for the remainder of the fiscal year is deliberately conservative or signalling a more challenging road ahead. continue…

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Nick Scali Limited (ASX:NCK), a holding in the Montgomery Small Companies Fund has released its half-year 2025 (1H25) results. Despite the mixed headline picture, Nick Scali’s 1H25 results outperformed consensus estimates. continue…

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REA Group (ASX:REA) has delivered a commendable 1H25 result, with revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) beating consensus estimates, alongside early January listings showing promising growth. However, news of CEO Owen Wilson’s upcoming retirement and revised cost guidance provide uncertainty the market will need to digest. continue…

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ResMed’s (ASX:RMD) half-year FY25 results reflect a company that is not only thriving in its core business but is also strategically positioned to capitalise on future growth opportunities. continue…

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As February’s reporting season kicks off, investors are keenly focused on company profits as ASX-listed companies release their half-year financial results. During this time share price movements can be frequent, with some potential for noticeable fluctuations, particularly if results come in below expectations. continue…

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You gotta love it when a party ends and the lights come on. Blinking and adjusting to the bright lights, you begin to see clearly that which was previously blurry and obscured. 

One of the most repeated mistakes equities investors make is the assumption that their poster-child industry leader will always remain so. Nobody ever seems to assume that competitors will emerge and take a significant share from the first mover. That failure leads to sky-high price-to-earning (P/E) ratios and unrealistic pricing. continue…

by Roger Montgomery Posted in Companies, Technology & Telecommunications.

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Pronounced ‘Too-As’, Tuas Limited (ASX:TUA) is a founder-led ASX-listed company providing telecommunications services, while owning and operating a mobile network in Singapore.

Back in April, I discussed Tuas here. Back then the share price was $3.82. Yesterday, it traded just above $6.00, and I believe further upside is possible. continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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As the market rises, a couple of things often occur. First, a conga line of naysayers and cassandras emerge. The earliest doom-and-gloomers point to rational reasons why the market should not be rising and why it should be going down as they earlier but incorrectly predicted. The second bunch point to how much the market has already risen and then lean on a bunch of ratios to show that the market has fallen the last time (insert ratio here) was this high. As the market continues to climb, the next bunch of people point to a ‘bubble’ and warn of an impending crash. Eventually, equities markets correct – you can count on it – but the timing is far less reliable and predictable.

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