Companies

ARB Corporation (ASX:ARB) – the Australian-based global manufacturer and distributor of aftermarket 4WD parts and accessories – has been a stellar performer since listing on the ASX in 1987.  It’s a quality business, with sustainable and valuable competitive advantages that enjoys attractive long-term economics. ARB’s share price soared during the lockdowns, but has dropped over 42 per cent in the past year. continue…

by Roger Montgomery Posted in Companies, Consumer discretionary, Editor's Pick.

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In the wash-up of the FY22 reporting season a significant amount of focus has been directed to the proportion of companies that beat, met or missed expectations. Roughly 30 per cent of companies beat analyst forecasts, slightly more than 41 per cent were in line with estimates, and the remaining 29-odd per cent missed estimates. continue…

by Roger Montgomery Posted in Companies, Editor's Pick.

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For a company with such high quality, REA Group (ASX:REA) has experienced an amazing share price range in the last twelve months. On 5 November 2021 REA hit a market capitalisation of $23.9bn when somebody paid $180.67 per share. Just seven months later, the share price hit $93.77 giving the company a market value of $12.4bn.  And 43 trading days later, with the share price up 45.8 per cent at $136.70, the market value of REA Group was $18.1bn. continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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Some retailers – such as Supercheap Auto (ASX:SUL) – are reporting better than expected results this reporting season. But this hasn’t prevented many analysts from painting a gloomy picture of the retail sector, due largely to the impact of rising interest rates and inflation on consumers’ wallets. If they’re right, then there’s no need for investors to rush back in. continue…

by Roger Montgomery Posted in Companies, Consumer discretionary.

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Beacon Lighting (ASX:BLX) supplies and distributes lighting and fans through a network of 117 company stores and two franchised stores, five of which were opened in FY22. The company’s own research suggests capacity for 184 stores in Australia. continue…

by Roger Montgomery Posted in Companies, Consumer discretionary.

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IPH Limited (ASX:IPH) is the leading intellectual property services group in the Asia Pacific region and its shares had fallen as much as 15 per cent from their 2020 highs, for no apparent reason, at which point Gary and Dominic from the Montgomery Small Companies Fund added it to the portfolio on the back of its defensive growth characteristics, strong balance sheet and monumental cash generation. The shares have subsequently rallied from $7.16 to $8.80 prior to today’s results announcement. continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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Gary Rollo joined Chris Judd’s Talk Ya Book to discuss one of his favourite value picks at the moment, telecom software business Symbio Holdings (ASX:SYM). Symbio is profitable, growing, generates cash flows and is also on 9 times EBITDA which for an industrial stock is cheaper than the market.

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by Gary Rollo Posted in Companies, Editor's Pick, Stocks We Like.

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The team at Montgomery have a busy month ahead with the August reporting season upon us. Over the coming weeks companies will provide a flood of new information for the market to pore over.

For our readers and investors keen to know who’s reporting when, we have provided a link to a reporting calendar below. As a recession in many developed economies slowly becomes the consensus view, I would expect many analysts to belatedly downgrade their earnings forecast for Fiscal 2023. While a lot of this information has been anticipated by the share market, the companies’ results will make for interesting reading.

Download the reporting calendar

by Roger Montgomery Posted in Companies.

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In this week’s video insight Roger discusses Flight Centre (ASX:FLT). This week Flight Centre saw its stock jump more than five per cent on the day it declared travel is recovering slightly faster than expected, and consequently, its losses should be smaller. Is the share price prematurely pricing in a recovery? continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Video Insights.

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U.S. Retail Industry observer Retail Dive is reporting Armaggeddon for small retailers in the U.S., citing the survey results of Alignable, a small business networking service with more than seven million members across North America. continue…

by Roger Montgomery Posted in Companies, Consumer discretionary, Editor's Pick.

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