Insightful Insights
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Performance to 30 September 2014
David Buckland
October 2, 2014
In the face of a poor market during the September 2014 quarter, both Montgomery products recorded very pleasing results. The Montgomery Fund (TMF) was up 4.9 per cent, while The Montgomery [Private] Fund (MPF) was up 4.2 per cent. continue…
by David Buckland Posted in Insightful Insights, Montgomery News and Updates.
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Can Rupert Murdoch sell homes in the US?
Scott Shuttleworth
October 2, 2014
REA Group Ltd (ASX: REA) announced that they are partnering with News Corp (Nasdaq: NWS), a majority owner of REA, to acquire US-based company Move Inc (Naqdaq: MOVE) for a total of US$950 million. As per the chart below, Move Inc has an interesting history, and has most recently benefitted from the recovery in the US housing market. continue…
by Scott Shuttleworth Posted in Insightful Insights, Property.
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China’s non-financial corporate debt – it’s distressing
David Buckland
September 30, 2014
Over the 2009 to 2014 period, China’s non-financial corporate debt to GDP ratio has risen from 90 per cent to 120 per cent. Our friends at Macquarie Research have done some excellent analysis, collecting the financial data from nearly 3,000 companies that have outstanding bonds. continue…
by David Buckland Posted in Insightful Insights.
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Aussie dollar exposure
Ben MacNevin
September 26, 2014
Team Montgomery has long warned the Australian dollar, at near parity to the US dollar, has a fair bit of downside risk (see here, here and here). With that hypothesis now playing out – and commentators starting to crow – you may be wondering which companies may benefit from a stronger US dollar. continue…
by Ben MacNevin Posted in Foreign Currency, Insightful Insights.
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Monopolistic pricing power – to be reigned in?
David Buckland
September 26, 2014
Earlier this week, the Australian Competition and Consumer Commission (ACCC) commented on the Harper Competition Review Draft Report. ACCC Chairman, Rod Sims, said: “The draft report is part of the most significant review in this area for over 20 years”. continue…
by David Buckland Posted in Insightful Insights.
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Updates on TPM & the National Broadband Network
Scott Shuttleworth
September 25, 2014
Yesterday we attended TPG Telecom Limited’s (ASX: TPM) FY14 full-year results presentation. I’ve compiled some short notes on their results below, as well as some more comprehensive thoughts on the expansion of their fiber-to-the-basement (FTTB) network. continue…
by Scott Shuttleworth Posted in Insightful Insights, Technology & Telecommunications.
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MEDIA
Costco – disruption in your shopping cart
Scott Shuttleworth
September 25, 2014
In this article for The Switzer Super Report, Scott Shuttleworth takes a look at Costco and its entry into the Australian market since it established operation back in 2009. Competitive landscapes evolve slowly so there is no immediate threat to Woolworths and Coles but even the best businesses need to adapt to new competition. Read here.
by Scott Shuttleworth Posted in Insightful Insights, On the Internet.
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Reflecting on Australia’s Future
Tim Kelley
September 24, 2014
It’s hard not to be impressed by US dominance of the online world. If you look at a list of the top internet sites in Australia, the leaders are almost all of US origin: sites like Google, Facebook, YouTube, eBay and Wikipedia. continue…
by Tim Kelley Posted in Insightful Insights.
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The Essential Ingredient; Humility.
Roger Montgomery
September 23, 2014
Since 2010 here on the blog, we have been warning investors consistently about the dangers of ‘investing’ in iron ore. Let us explain. continue…
by Roger Montgomery Posted in Energy / Resources, Insightful Insights.
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Arrium: Burning the cash
David Buckland
September 22, 2014
During Sky Business’ Your Money Your Call – on which the Montgomery team regularly appear – there is a segment entitled ‘Buy, Hold, Sell’. One of my preferred ‘Sells’ over recent years has been Arrium Ltd (ASX: ARI), formerly known as OneSteel. continue…
by David Buckland Posted in Energy / Resources, Insightful Insights.
