Companies

As with everything else, there are two camps when it comes to investment conditions today. There are two camps regarding whether the market is expensive (it probably is), whether economic conditions are deteriorating or improving, whether governments and central banks can continue Keynesian intervention indefinitely, and there’s two schools of thought as to whether there’ll be a vaccine. continue…

by Roger Montgomery Posted in Companies.

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When it comes to investing, we’re not big fans of airlines.  But in the case of Alliance Aviation Services (ASX: AQZ), we’re happy to make an exception. You see, Alliance operates fly-in fly-out charter services for Australian mining companies, and its flights are in demand. With high returning business and strong cash generation, we think there’s a lot to like. continue…

by Gary Rollo Posted in Airlines, Companies, Stocks We Like.

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Since launching in September 2019, The Montgomery Small Companies Fund has outperformed its benchmark the Small Ordinaries Index by 15.16 per cent to 31 July.  The Fund’s strong run has been driven by accelerating megatrends in e-commerce, enterprise migration to the cloud and digitisation of the economy.  Given the ongoing strength of these trends, I think there’s more solid growth ahead. continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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In what’s been a terrible year for the energy sector, AGL is the latest company to disappoint. Its full-year results included a steep drop in profits and signalled that there’s worse to come next year. While AGL intends to maintain its attractive flow of dividends, I’m not convinced this will be enough to tempt many investors given the negative outlook. continue…

by Andreas Lundberg Posted in Companies, Energy / Resources.

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Shareholders in Australia’s largest bank, the Commonwealth Bank of Australia, would have been relieved to read that the bank has delivered a decent full-year result – with a 98 cent dividend to boot.  But the near term may not be so bright, with the bank pointing to earnings headwinds in the months ahead.  Below is my summary of the key points from the full-year result. continue…

by Stuart Jackson Posted in Companies.

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Despite the incredibly strong market recovery since the COVID-19 lows recorded in late-March, price moves have been far from uniform.  Areas that have been hardest hit from various shutdowns include resorts and cruise lines, airlines, energy stocks and financials. At the other extreme, companies deemed to be clear beneficiaries from the work from home theme have enjoyed excellent share price moves. continue…

by David Buckland Posted in Companies, Technology & Telecommunications.

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Property advertising platform, REA Group (ASX:REA), was one of the first businesses to announce its results this reporting season. Given the COVID-related restrictions on real estate transactions, it was a strong performance.  And, pleasingly for investors, the company will be paying a dividend. continue…

by Joseph Kim Posted in Companies, Property, Stocks We Like.

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In addition to the acceleration of e-commerce in Australia, COVID-19 has produced several themes that are generating retail winners; some are benefitting from the Do-Up-Your-Home-Because-You’ll-Be-Spending-More-Time-There theme, there are those benefitting from the boost to income from JobKeeper, JobSeeker and early Superannuation withdrawals, and there are those that will benefit from the additional A$45 billion spent locally that was previously spent on, or during, overseas holidays.  And many retailers of course are benefitting from all three themes. continue…

by Roger Montgomery Posted in Companies, Consumer discretionary, Stocks We Like.

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For more evidence that discretionary retail is absolutely booming right now, particularly the furniture and homewares category, look no further than Nick Scali’s (ASX:NCK) strong FY20 result and near-term outlook. NCK’s result follows hot on the heels of strong updates by key homewares peers, Temple & Webster (ASX:TPW) and Beacon Lighting (ASX:BLX), and reinforces our conviction in Adairs (ASX:ADH) heading into results season. continue…

by Dominic Rose Posted in Companies, Consumer discretionary, Stocks We Like.

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The current boom in equities is not as broad-based as it might first appear. Putting aside materials and gold stocks, the rest of the market can be divided into the ‘haves’ and the ‘have nots’. And it may be more important than ever to be an owner of the ‘haves’.

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

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