Insightful Insights

The Australian market, excluding reinvestment of dividends, rose 15.5 per cent in the year to 30 June 2013, from 4,135.5 to 4,775.4. The vast bulk of this gain came in the December 2012 half-year. continue…

by David Buckland Posted in Insightful Insights.

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A number of New Zealand companies with a presence in Australia have reported full-year results or provided earnings updates in recent weeks, and one particular theme has emerged that does not bode well for the upcoming reporting season. continue…

by Ben MacNevin Posted in Insightful Insights.

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As real interest rates increase, PE multiples should theoretically contract.

In the past eleven months, US 30 Year Bonds have risen over 1.0% – from 2.45% to above 3.50% – while inflationary expectations have been declining. continue…

by David Buckland Posted in Insightful Insights.

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The key assets of Rupert Murdoch’s 21st Century Fox include the vertically integrated Fox movie, pay TV, and the free-to-air TV franchise in the US and pay TV businesses in Europe – Sky Deutschland (54.5%), Sky Italia (100%) and BSkyB (39%). continue…

by David Buckland Posted in Insightful Insights.

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Some interesting results from the latest Mercer data on Australian fund manager performance: in the year to May, the average Australian share fund manager managed to beat the S&P/ASX300 Accumulation index by 2.6%. While it is common for the best performing managers to beat the index by large margins, it’s less common for the average fund manager to beat the index by this much. In the 3 years prior, for example, the average fund manager beat the index by a much smaller 0.6%. continue…

by Tim Kelley Posted in Insightful Insights.

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A key investing theme at Montgomery Investment Management has for some time been the positive financial impact on healthcare companies from an ageing western demographic. Given that the sector is stable and growing, it’s a must have, at the right price, in our investment portfolios. Of the invested assets in The Montgomery [Private] Fund, healthcare currently occupies approximately 26%. continue…

by Russell Muldoon Posted in Health Care, Insightful Insights.

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Global markets have been unsettled in recent times. In under a month the ASX 200 is down by close to 10%, and numerous Asian and European exchanges have declined significantly in the same period. continue…

by Tim Kelley Posted in Insightful Insights.

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When we first suggested back in May, on The ABC Program The Business (watch here), that Australia could experience a recession, we didn’t know how long it would take for the idea to catch on. Turns out it doesn’t take that long at all. continue…

by Roger Montgomery Posted in Insightful Insights.

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Yesterday, NRW Holdings Limited (ASX:NWH) joined a long list of resource and mining service companies materially downgrading their outlooks with the release of a “FY13 Guidance Update”. continue…

by David Buckland Posted in Companies, Insightful Insights.

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Author Rob Schultheis wrote: “…there’s a silent voice in the wilderness that we hear only when no one else is around. When you go far, far beyond, out across the netherlands of the Known, the din of human static slowly fades away, over and out.”

For over a year we have felt like the voice Schultheis wrote about, but knowing always that it is when the din of human static catches on that we will start to see some very dramatic adjustments. continue…

by Roger Montgomery Posted in Insightful Insights.

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