November 14, 2019
In this week’s video insight Roger takes a look at Bingo Industries. We’ve been eagerly anticipating a downgrade for this company given the outlook for the construction industry although at their recent AGM they forecast an approximate 50 per cent increase in EBITDA over the next financial year. So what’s their outlook?
by Roger Montgomery Posted in Companies, Editor's Pick, Video Insights
November 6, 2019
In this week’s video insight David takes a look at the performance of markets since 30 June. The larger markets, including the US S&P 500 and the Nasdaq, the Japanese Nikkei 225, the German Dax 30 and the French CAC 40, are all up by an average of well over 5 per cent since 30 June 2019. Other markets, like the Australian All Ordinaries, the UK FTSE 100, the Shanghai Composite and the Hang Seng, are all lagging, by comparison.
by David Buckland Posted in Editor's Pick, Video Insights
October 30, 2019
In this week’s video insight Joseph digs deeper into Costa Group’s trading halt, which occurred prior to an earnings downgrade and its intention to raise equity. It appears cyclical and structural impacts have had an even greater impact than alluded to at its August result.
by Joseph Kim Posted in Video Insights
October 22, 2019
In this week’s video insight Andreas takes a look at Westpac’s consumer sentiment data that was recently published. Normally, you would expect rate cuts flowing through to reduced mortgage costs to make people feel better about their economic situation although that doesn’t seem to be the case.
by Andreas Lundberg Posted in Editor's Pick, Video Insights
October 15, 2019
In this week’s video insight Stuart identifies the impact low interest rates have on the banks. On the back of three successive 25 basis point cuts to the RBA’s official overnight rate, the major banks have reduced their standard variable mortgage rates by a cumulative 55 to 59 basis points over the same period. The problem is that as the RBA reduces the official rate, more and more of the banks transaction deposit base is paying zero or negligible rates of interest. continue…
by Stuart Jackson Posted in Editor's Pick, Video Insights
October 3, 2019
In this week’s video insight Tim discusses the revised strategy of our Montgomery Alpha Plus fund. While one year is too short a timeframe for a meaningful analysis of fund performance, the early signs are encouraging.
by Tim Kelley Posted in Video Insights
September 25, 2019
In this week’s video insight Roger discusses negative yielding bonds. Normally you would expect that negative yielding bonds would be a temporary situation but this situation has lasted longer than anyone has anticipated. Is it a sign of a recession? And what does it actually mean when you buy a bond with a negative yield?
by Roger Montgomery Posted in Editor's Pick, Video Insights
September 17, 2019
In this week’s video insight Lachlan discusses the sanctions imposed on Huawei which have impacted their supply chain, restricting US tech suppliers from doing business with them. Compromising the Huawei supply chain should imply that the shift to 5G slows in China and across Asia. However, the sanctions have done the opposite. 5G is coming even faster.
by Lachlan Mackay Posted in Video Insights
September 10, 2019
In this week’s video insight David takes a look the journey of interest rates. Over the decade since the Global Financial Crisis – and despite record low interest rates – Central banks are fighting a relatively low growth and low inflation environment, and they don’t seem to be winning. Why?
by David Buckland Posted in Global markets, Market commentary, Video Insights
September 5, 2019
In this week’s video insight Stuart wraps up reporting season and identifies common themes. Outlook statements provided by companies generally disappointed, with forecasts for 39 per cent of companies being downgraded as compared to just 18 per cent of company earnings forecasts being upgraded. In terms of sector performance, the most significant detractor was the mining sector, with the large iron ore stocks giving back some of their stellar gains for the calendar year to date.
by Stuart Jackson Posted in Video Insights