Investing Education

Major mineral sands producer, Iluka Resources, announced this week its 2012-2014 Key Physical and Financial Parameters Guidance” released in February 2012 was “now redundant and as such no longer applicable”.

Discussions with both zircon and high grade titanium ore customers about ordering volumes for the December 2012 half-year have indicated “lower ordering patterns or an unwillingness to commit to volumes except on an “as needed” basis”.

Deteriorating economic conditions, subdued customer confidence in China, continuing weakness in the main ceramic export markets for Spain and Italy and some softening in the US manufacturing sector were all to blame.

We assume these same factors would be affecting most materials exporters.  Remain cautious.

by Roger Montgomery Posted in Energy / Resources, Investing Education.

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Fresh from signing up as CEO of Leighton Holdings in August 2011, Hamish Tyrwhitt seems to have streamlining on his mind.  After selling HWE Mining to BHP Billiton for $705m, Leighton have just approved the sale of Thiess Waste Management to Remondis AG for $218m.  Proceeds will be used to cut debt which hit$2.14 billion at their 31 December 2011 balance date.

With several earnings downgrades, the Leighton share price performance has been diabolical, down from $61 in late 2007 to the current $16.40 (-74%).

by Roger Montgomery Posted in Investing Education, Market Valuation.

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Roger provides details of the sad decline of Hastie Group (HST) in this Money Magazine article for July 2012.  Read here.

by Roger Montgomery Posted in Companies, In the Press, Investing Education.

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Roger Montgomery discusses why excessive focus on High Yield stocks is likely to yield disappointing returns in this Australian article published on 23 June 2012. Read here.

by Roger Montgomery Posted in Companies, In the Press, Investing Education.

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Roger Montgomery and Ross Greenwood discuss the recent Fairfax Media (FXJ) restructuring announcement and its implications in this edition of Ross’ program on Radio 2GB broadcast 20 June 2012.  Listen here.

by Roger Montgomery Posted in Intrinsic Value, Investing Education, Market Valuation, Radio.

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Roger Montgomery certainly thinks so – and he explains why Value Investors need to do their homework to experience exceptional returns in this Australian article published on 9 June 2012. Read here.

by Roger Montgomery Posted in In the Press, Intrinsic Value, Investing Education, Market Valuation.

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Roger Montgomery discusses why the forecast profit downgrade foreshadows some creative accounting treatments at financial year end for Qantas in this ABC News interview broadcast 5 June 2012.  Watch/Read here.

by Roger Montgomery Posted in Airlines, Investing Education, TV Appearances, Value.able.

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With a downgrade in forecast profit of 90%, what should investors be thinking? Share Roger Montgomery’s insights into this latest bad news for Qantas in this interview of ABC Radio’s The World Today broadcast 5 June 2012. Listen here.

by Roger Montgomery Posted in Airlines, Companies, Investing Education, Radio, Value.able.

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Roger Montgomery discusses his Value.able Insights into the the recent losses in the Australian share market, and what the short term future may hold for investors.  Watch here.

This interview was broadcast on ABC News 24 on 4 June 2012.

by Roger Montgomery Posted in Investing Education, TV Appearances, Value.able.

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In this edition of ABC1’s Inside Business Roger Montgomery discusses his insights into the causes of the recent market losses and how Value Investors should be interpreting the changes – Roger appears commencing 3:27. Watch here.

This program was broadcast on 3 June 2012.

by Roger Montgomery Posted in Companies, Investing Education, TV Appearances, Value.able.

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