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Has this ASX sector hit rock bottom? Is it time to buy in?
Roger Montgomery
September 27, 2022
Tony Yoo published an article in The Motley Fool to discuss the why ‘Buy low, sell high’ is a timeless investment axiom, but it’s easier said than done. This means backing a company when it’s friendless among other investors. Buying in at such a time takes genuine courage. Through all the turbulence seen in share markets in 2022, one of the sectors that investors have abandoned is retail, especially those that sell discretionary products. The logic is that as interest rates rise, Australians will have less to spend. Has this ASX sector hit rock bottom? Is it time to buy in?
by Roger Montgomery Posted in On the Internet.
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ABC Nightlife: Will rate rises curb an Australian recession?
Roger Montgomery
September 15, 2022
Roger joined Philip Clark on ABC Nightlife to discuss whether interest rates will succeed in staving off a recession and how much of an impact we can expect on house prices. Today, CPI inflation has risen to 6.1 per cent and underlying inflation is 4.9 per cent. These are the highest rates in many years. There is a real economic challenge coming for the newly minted federal government.
Are continual interest rate rises the right approach to curbing a national recession?
Listen to the podcast here: ABC Nightlife 13 September 2022by Roger Montgomery Posted in Radio.
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Ausbiz: Why Roger is underweight consumer discretionary
Roger Montgomery
September 14, 2022
The market is split on the investment case for consumer discretionary stocks. On the one hand, rate rises are designed to cool demand, and squeeze household cash flows and balance sheets. On the other hand, the labour market is strong, incomes are high, and people have savings buffers to draw upon. Roger joins Ausbiz to discuss the signs across the domestic and international economies that consumer demand is about slow. Watch: Why Roger is underweight consumer discretionary
by Roger Montgomery Posted in TV Appearances.
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ABC The Business: Corporate Australias’ report card
Roger Montgomery
September 13, 2022
Reading between the spreadsheet lines, the annual earnings season has given a few hints of what is to come for corporate Australia and the broader economy over the next year. The annual results of Australia’s top 200 listed companies is a scorecard of how they performed over the last 12 months, as well as what they’re hoping to achieve for the year ahead. Every reporting season has a few losers.
Roger Montgomery warns some retailers could be in for more pain as inflation rises and people refrain from spending. “Another after effect from COVID has been the persistent supply chain issues that companies are facing, and we saw companies like City Chic, Lovisa and Supercheap Auto responding to those supply chain difficulties by investing more in inventory,” he observed.
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Rachel Pupazzoni: Corporate Australia just received a glowing profit report card, but the outlook is not as rosyby Roger Montgomery Posted in In the Press.
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Financial Standard: Montgomery, Aura Group launch new income fund
Roger Montgomery
September 9, 2022
Montgomery Investment Management unveiled the second fund to come out of its partnership with Aura Group, the Aura Core Income Fund.
Montgomery chair Roger Montgomery said “I am delighted Montgomery Investment Management can now offer a high-quality income solution for our retail clients and investors in partnership with Aura Credit Holdings working with Brett Craig, the portfolio manager.”
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Chloe Walker: Montgomery, Aura Group launch new income fundby Roger Montgomery Posted in In the Press.
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The Inside Investor: Earnings Season
Roger Montgomery
September 8, 2022
Australia’s largest companies rebounded strongly after two years of pandemic interruption, achieving a 56.3 per cent uplift in aggregate statutory profits over FY22.
Speaking to the Inside Investor, Roger Montgomery said there was no shortage of themes impacting earnings this year including inventory build for retailers, COVID-19 impacts, floods off the east coast, interest rate hikes, supply-chain constraints, war in Ukraine, labour shortages and soaring inflation.
Interestingly, aggregate cash levels fell from the highs reached in February. Part of this is explained by outflows for dividends declared in 2021, but it also highlights the aforementioned cost pressures including payments for additional inventory and higher costs for staff absenteeism. Subsequently, 27 per cent of businesses cut dividends, above the historic average.
Commenting on earnings season, Montgomery said results were “roughly in line” with his expectations.
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Earnings season: ASX profits boomed by 56pcby Roger Montgomery Posted in In the Press.
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Fear and Greed: Winners and losers from reporting season
Roger Montgomery
September 5, 2022
With earnings season over, it’s a good time to look at the winners, the losers, and the themes affecting investors. But markets are forward-looking, and as the free money era rolls over, investors are cautious on the outlook. Roger Montgomery talks to Sean Aylmer on this episode of Fear and Greed discussing what it all means for investors.
by Roger Montgomery Posted in Podcast Channel.
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The travel stock flying into unknown territory
Roger Montgomery
August 26, 2022
David Thornton interviews Roger Montgomery on Flight Centre’s recent results. The result shows the ongoing impact that COVID has had on the travel sector with the business reporting a loss of $287.2 million for the year ended June 30 from the previous year’s $433.5 million shortfall. Roger discusses more of the result and also whether he would buy, hold or sell Flight Centre. Read: The travel stock flying into unknown territory.
by Roger Montgomery Posted in On the Internet.
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Australian Eagle team to join Montgomery IM
Roger Montgomery
August 23, 2022
Jamie Williamson published an article in Financial Standard discussing Montgomery’s new partnership. Sean Sequeira from Australian Eagle says “We’re a great fit with Montgomery and are delighted to be entering into our partnership. Montgomery enjoys deep investor and industry relationships, expertise in managing funds which are available to retail investors and a trusted brand that has been well earned through its long-term focus on meeting clients’ needs.” Read here.
by Roger Montgomery Posted in On the Internet.
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Australian Eagle investment team set to join Montgomery
Roger Montgomery
August 23, 2022
Jon Bragg published an article in Investor Daily discussing Montgomery’s and Australian Eagles new partnership. The partnership, which will commence on 12 September, will see Australian Eagle’s six-person team, led by CIO Sean Sequeira and senior portfolio manager Alan Kwan, managing Montgomery’s Australian domestic large-cap equities portfolios. Read here.
by Roger Montgomery Posted in On the Internet.
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