Companies

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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If you’re looking for a solid investment with stable and predictable cashflows, you could do worse than explore listed infrastructure assets.  This conclusion was hammered home to me yet again by the news that Spark New Zealand (SPK:ASX) is selling 70 per cent of its passive tower infrastructure company for a pretty tidy sum. The deal follows other recent asset sales, and shows the continued appetite by investors for these assets. continue…

by Andreas Lundberg Posted in Companies, Stocks We Like.

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Like in most market downturns, small cap growth stocks are being punished hardest by a market that now views growth as a dirty word. This is great news for investors, as it creates opportunities to invest in businesses whose share price decline is due to changing sentiment rather than deteriorating fundamentals. In this climate, one company we think deserves investor attention is Symbio Holdings (ASX:SYM). continue…

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

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The tough conditions I wrote about several months ago affecting the Buy Now Pay Later (BNPL) Sector appear to have gotten a lot worse, and the share prices or valuation of the following five companies have taken a battering, with an average decline approaching 90 per cent from the peak. continue…

by David Buckland Posted in Companies.

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With the 20.6 per cent decline in the US S&P 500 over the six months to June 2022, the largest June-half year decline since 1970, it is interesting to note this was a period of solid earnings growth being hit by enormous P/E compression. This counterbalance of rising earnings combined with a P/E de-rating often occurs at index peaks, where markets anticipate slowdowns ­­– often by around six months. continue…

by David Buckland Posted in Companies, Stocks We Like.

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Fast food businesses usually do well when times are tough, as many people – and families in particular – opt for less expensive places to eat out. It’s therefore no surprise that Collins Foods (ASX:CKF) – which operates KFC and Taco Bell in Australia and KFC in Europe – has outperformed the market. For the month ending 27 June, the Small Ordinaries Index fell eight per cent while CKF declined half that amount. continue…

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

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