Companies

Should ASIC investigate the trading of shares in Leighton Holdings Limited (ASX: LEI) in the days leading up to this week’s takeover announcement? continue…

by Roger Montgomery Posted in Companies, Property.

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Flight Centre (ASX: FLT) released its December 2013 half-year results on the morning of Wednesday 26 February 2014. In the hours after the release, the company’s share price declined by 3.5 per cent. From this level, the price then rallied 7 per cent to finish the day at $51.39. What happened? continue…

by Ben MacNevin Posted in Companies, Insightful Insights.

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These are trying times for value investors. There’s nothing we enjoy more than finding a high quality business trading at a discount to its intrinsic value, but lately, they seem to be thin on the ground. continue…

by Tim Kelley Posted in Companies, Technology & Telecommunications.

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Over the past three weeks, our investment team has analysed each and every single report announced to the Australian stock market. We’ve prioritised those businesses we own to gather new information that’ll help us determine if our view (for better or worse) on their future outlooks has changed, and whether their removal from, or addition to, our portfolio is warranted. continue…

by Russell Muldoon Posted in Companies, Insightful Insights.

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When BigAir Group Limited (ASX:BGL) was trading in the low $0.70 range back in September last year, we asked a relatively simple question: was $0.80+ unreasonable for BGL? Our thoughts at the time can be found here. continue…

by Russell Muldoon Posted in Companies, Technology & Telecommunications.

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Qantas’ half-yearly ‘loss’ announcement today revealed a business in crisis. Fuel costs surged to a record level for any half-year period (there goes the hoped-for benefits of new, more efficient aircraft), intense competition, unfavourable currency movements and falling demand, have all been offered as reasons for the poor showing. In reality, however, the real reason for the poor result is that this is an airline. continue…

by Roger Montgomery Posted in Airlines, Companies.

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InvoCare (ASX: IVC) owns and operates funeral homes, cemeteries and crematoria in Australia, New Zealand and Singapore. Over the past decade, the company has grown their net profit after tax by 16 per cent each year. However, in the year to December 2013, InvoCare recorded a flat net profit after tax at $42.5m.

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by Ben MacNevin Posted in Companies, Health Care, Insightful Insights.

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by Roger Montgomery Posted in Companies.

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Infomedia (ASX:IFM) is small and not very liquid. Stockbrokers dislike illiquidity, so it doesn’t receive a lot of analyst coverage, and many people may not have heard of it. continue…

by Tim Kelley Posted in Companies, Technology & Telecommunications.

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After a little digging, we were impressed by the results of both Challenger Limited (CGF) and G8 Education Limited (GEM). Below follow a few points on each business (both of which are in the top ten holdings of either or both The Montgomery Fund and The Montgomery [Private] Fund). continue…

by Roger Montgomery Posted in Companies, Financial Services.

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