Manufacturing

Is Australia’s debt-fuelled party about to end? It looks like it. National new car sales have fallen off a cliff. This new era of belt tightening poses a threat to the national economy. continue…

by Roger Montgomery Posted in Editor's Pick, Manufacturing.

• 10 Comments
• save this article
• POSTED IN Editor's Pick, Manufacturing

One theme that we’re paying particular attention to at Montgomery is the prospect of autonomous cars – once thought as an unlikely futuristic scenario, it now appears that at least in the next 30 years this technology will become widely available.
continue…

by Scott Shuttleworth Posted in Manufacturing, Technology & Telecommunications.

• 2 Comments
• save this article
• POSTED IN Manufacturing, Technology & Telecommunications

As technological innovations increasingly edge into the workforce, many people fear that robots and machines are destined to take jobs humans have held for decades.  Over the last two decades, automation has replaced blue collar jobs in manufacturing and warehousing, and now white collar jobs are increasingly under threat. continue…

by David Buckland Posted in Manufacturing.

• 6 Comments
• save this article
• POSTED IN Manufacturing

The recent announcement by Volvo that starting 2019, it will only make fully electric or hybrid cars has seen the team at Montgomery doing a lot of thinking about electric cars, autonomous vehicles and the potential threats to the combustion engine powered car and what this may mean for associated industries in the areas of manufacturing, wholesale, retail, distribution and service. continue…

by David Buckland Posted in Manufacturing.

• save this article
• POSTED IN Manufacturing

Today, there are over 1.2 billion vehicles on the world’s roads. Which means that the advent of autonomous vehicles is going to have a profound effect. Who will be the winners from this new, disruptive technology? Who will be the losers? And what changes are we likely to see?
continue…

by Lisa Fedorenko Posted in Manufacturing.

• 4 Comments
• save this article
• POSTED IN Manufacturing

Around the world, there are over 1 million electric vehicles (EVs) on the road, and it’s forecast this number could reach 20 million by 2020.  Which means that EVs promise disruption and opportunities on a grand scale – for auto industries and a wide range of other businesses. continue…

by Tim Kelley Posted in Editor's Pick, Manufacturing.

• 9 Comments
• save this article
• POSTED IN Editor's Pick, Manufacturing

As set out in the Montgomery [Private] Fund prospectus, there are 3 core attributes we look for when selecting stocks for inclusion in the portfolio. These are: continue…

by Stuart Jackson Posted in Editor's Pick, Manufacturing.

• 1 Comments
• save this article
• POSTED IN Editor's Pick, Manufacturing

China’s cement demand peaked in 2014 at 2.48 billion tonnes or 1.81 tonnes per capita based on 1.37 billion people. This is 2.5 times the per capita demand in both Japan and the US (0.7 tonnes) and 1.4 times the per capita demand in the high-density cement markets of Taiwan and Korea (1.3 tonnes). continue…

by David Buckland Posted in Insightful Insights, Manufacturing.

• 1 Comments
• save this article
• POSTED IN Insightful Insights, Manufacturing

According to the World Steel Association, global crude steel production declined 3 per cent from a peak of 1,670 million tonnes in 2014 to 1,623 million tonnes in 2015. Every single month in 2015 saw a year on year decline. continue…

by David Buckland Posted in Insightful Insights, Manufacturing.

• save this article
• POSTED IN Insightful Insights, Manufacturing

Let’s define the term ‘competitive advantage’, what does it mean? There’s unfortunately many definitions, confusing a vital tenant of investment theory. Bruce Greenwald of Columbia University defines it as “being able to do what rivals cannot.” We can extend on this in such a way to suggest that having a competitive advantage will enable a firm to earn abnormally high returns.

Interestingly, competitive advantages when defined in this light, can both be thought of as the same as barriers to entry. continue…

by Scott Shuttleworth Posted in Consumer discretionary, Insightful Insights, Manufacturing, Market Valuation.

• 4 Comments
• save this article
• POSTED IN Consumer discretionary, Insightful Insights, Manufacturing, Market Valuation