Extreme Investing – 2012 Reporting Season. 28/8/12
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Craig Ross
:
Hi,
I have held OZ minerals for a few years and have still 100k plus invested in the company on book value I have lost 200k plus. Its hard to suffer the loss and I am a long term holder should I haold on ? CR
Bob Morton
:
Hi Roger
I would be interested in your thoughts on WOR and ORI, there are divergent views on both stocks in analyst land.
Bob
Andrew Legget
:
Had a quick look on the Singapore mercantile exchange which offer iron ore futures and the September price is below the $100 price that you mentioned people believe is a floor so there does appear to be a trend.
Not surprising that the companies you mention ou own are really top shelf, I have finally become comfortable with my understanding of CSL so I can add that to my list for further watching and valuing. Those invested in the private fund can rest easy it sounds like.
It’s a lot easier in regards to QAN to simply think they will always make a loss so anything above zero is beating my expectations. Newspapers are definitely in a state of structural change, as technology grows the marketplace will be crowded. News limited are no longer the only real competitor to them, now it is a series of multimedia businesses, blogs etc that are competitors. The new medium will be electronic and not paper base I believe.
So not surprising we are back to where we always are, quality companies at big discounts are the best choice.