Insightful Insights

In 1886 when Karl Benz first drove his Benz Patent-Motorwagen horseless carriage past a blacksmith, it would have been impossible to predict which manufacturer of this disruptive technology would succeed. In the US alone there have been 1,665 car manufacturers that are now defunct. continue…

by David Buckland Posted in Insightful Insights.

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It wasn’t that long ago, with the ASX200 stock market index at about 5700 points, that some magniloquent commentators were suggesting the ASX 200 index would be above 6000 points by the end of the year. Well here we are, on the cusp of 2016, and the index is below 5000. continue…

by Roger Montgomery Posted in Insightful Insights.

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We last commented on Bellamy’s Australia (ASX: BAL) back in September (see here) when the shares were trading at $6-$7. We thought it was expensive back then and with the share price hitting the lofty heights of $12 we can only stand back aghast at the multiples being paid (a 132x multiple of FY15 earnings and almost a 54x multiple of FY16 earnings). continue…

by Scott Shuttleworth Posted in Health Care, Insightful Insights.

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A number of people have commented to me recently about the miserable state of the equity market. This is understandable, given that the ASX200 has fallen below 5000 points, having threatened 6000 points earlier in the year, and losses are always painful. continue…

by Tim Kelley Posted in Insightful Insights.

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ANZ has announced that it has signed an agreement with Google for ANZ customers to be able to upload their credit and debit accounts to Android Pay. This will allow customers to use ANZ accounts to make contactless payments for goods and services. ANZ expects to begin offering access to Android Pay by mid 2016, and will also be able to provide contactless payments through its own app on Android phones (allowing it to retain 100 per cent of the interchange fee if it can convince customers to use its app rather than Android Pay). 

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by Stuart Jackson Posted in Financial Services, Insightful Insights.

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Understanding behaviour across and within generations plays an important role with investing. We’ve discussed this recently with media usage, and today we’ll discuss how millennials are utilising health care. continue…

by Ben MacNevin Posted in Insightful Insights.

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Back in June 2010, I was interviewed by Peter Switzer on the subject of coal. continue…

by Roger Montgomery Posted in Insightful Insights.

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In our domestic funds at Montgomery, one of the reasons we have had a very pleasing year both in absolute and relative terms, is largely due to the fact that we have been able to avoid having our portfolios exposed to businesses facing significant economic headwinds. continue…

by Russell Muldoon Posted in Insightful Insights.

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Disruption is a topic of continual discussion in financial markets these days. Digital disruption works best when a new process is able to effectively provide the same or better service at substantially lower cost. This cost advantage can be the result of efficiencies from technology, or a new model that is able to bypass artificially imposed costs, such as regulatory costs. continue…

by Stuart Jackson Posted in Financial Services, Insightful Insights.

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We often discuss companies that we don’t like. Indeed in about thirty-odd cases, we are so disenchanted with them, that our Montaka Global Fund, sells short these companies in anticipation of profiting from a decline in their share price. And in the five months since July 1 this year, not liking something has been very profitable. What with the iron ore, retailing and coal industries all being resculpted (read; ‘made smaller’) by the invisible hand of disruption, investors have achieved returns in excess of fourteen percent, a not insignificant proportion of which has come from the share price declines of deteriorating businesses. continue…

by Roger Montgomery Posted in Insightful Insights.

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