Media Room

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.

• save this article
• POSTED IN TV Appearances

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.

Read the article in full:
Rachel Pupazzoni: Corporate Australia just received a glowing profit report card, but the outlook is not as rosy

by Roger Montgomery Posted in In the Press.

• save this article
• POSTED IN In the Press

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.”

Read the article in full:
Chloe Walker: Montgomery, Aura Group launch new income fund

by Roger Montgomery Posted in In the Press.

• save this article
• POSTED IN In the Press

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.

Read the article in full:
Earnings season: ASX profits boomed by 56pc

by Roger Montgomery Posted in In the Press.

• save this article
• POSTED IN In the Press

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.

• save this article
• POSTED IN Podcast Channel

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.

• READ ONLINE
• save this article
• POSTED IN On the Internet

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.

• READ ONLINE
• save this article
• POSTED IN On the Internet

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.

• READ ONLINE
• save this article
• POSTED IN On the Internet

Laura Dew published an article in Money Management discussing Montgomery’s update to have Australian Eagle Asset Management join the Montgomery team under a sub-investment manager partnership. Read here. 

by Roger Montgomery Posted in On the Internet.

• READ ONLINE
• save this article
• POSTED IN On the Internet

In this video for Ausbiz Roger questions whether the recent market bounce has any resilience? Roger believes the reason for the jump is that most investors believe inflation has peaked. While interest rates may go up this year, they may be cut next year. Watch: Does the bounce have any resilience?

by Roger Montgomery Posted in TV Appearances.

• save this article
• POSTED IN TV Appearances