Companies

Our domestic large-cap funds have maintained an underweight position in the banks, and even though the Commonwealth Bank of Australia (ASX:CBA) was, for a time, our largest position, being underweight in the sector has cost relative performance thanks to the Commonwealth Bank of Australia’s share price rallying as much as 23 per cent year-to-date and 35 per cent last financial year.  continue…

by Roger Montgomery Posted in Companies.

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QBE Insurance’s (ASX:QBE) first-half 2024 (1H24) results offer a nuanced picture.  Depending on your interpretation of the performance of the American business, QBE Insurance is either off to a challenging start to the year, or long-term prospects remain optimistic, largely driven by ongoing restructuring efforts, particularly within the company’s North American segment.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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For background information about this A1-quality company, I previewed REA Group’s (ASX:REA) latest results here, wrote about why I believe REA Group is one of Australia’s highest-quality businesses here, and I also wrote about why REA Group will keep delivering for investors here.  continue…

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

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Despite cost-of-living pressures and a continual stream of consumer data reflecting a zipping up of wallets around the country amid a cost-of-living crisis, JB Hi-Fi’s (ASX:JBH) total revenue for the year to 30 June fell just 0.4 per cent to $9.6 billion. This was the result of a much stronger than expected result for the Australian business. continue…

by Roger Montgomery Posted in Companies.

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Furniture retailer Nick Scali (ASX:NCK) reported its full-year results, and on most measures, the results were in line with consensus estimates. However, there were some surprises, in which an understanding of the nuances led to a reasonably optimistic conclusion for this A1 quality company.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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Leading toll road operator, Transurban (ASX:TCL), has released robust financial results, reflecting steady growth and promising prospects. The company’s operational performance, strategic investments, and upcoming projects, such as the Westgate Tunnel and 495 North, position it for further expansion. Despite challenges like inflation and finance costs, Transurban’s solid performance and growth initiatives will mean it retains its position in The Montgomery Fund’s portfolio.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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In the June 2024 quarter, the Polen Capital Global Growth Fund purchased new positions in Zoetis (ASX:ZTS) and Shopify (NYSE:SHOP) and eliminated our position in Autodesk (NASDAQ:ADSK). We also trimmed our positions in Microsoft (NASDAQ:MSFT), ServiceNow (NYSE:NOW), Amazon (NASDAQ:AMZN), and LVMH Moet Hennessy Louis Vuitton SE (EPA:MC) and added to our existing position in MSCI (NYSE:MSCI).  continue…

by Polen Capital Posted in Companies, Polen Capital, Stocks We Like.

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With REA Group (ASX:REA) due to report full year results on 9 August 2024, it might serve investors to be aware of the company’s recent news in order to filter out that which is already known when the company reports.  continue…

by Roger Montgomery Posted in Companies, Property.

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ResMed (ASX:RMD) reported its June quarter and full year results after the U.S. market closed on Friday morning. The company met consensus expectations for both revenue and earnings.   

ResMed’s revenue rose nine per cent to US$1.2 billion ($1.85 billion) in the last quarter of fiscal 2024, taking quarterly dividends to US$0.53 per share, up 10 per cent. Operating profit was up 38 per cent, and non-GAAP operating profit was up 30 per cent.  continue…

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

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The U.S. consumer is experiencing conditions similar to ours. Indeed globally, consumers are now displaying the impact of inflation and the lagged effect of higher interest rates. These are beginning to bite and this is being reflected in consumer purchasing behaviour. continue…

by Roger Montgomery Posted in Companies.

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