Money News 27.02.2018
In this interview with Ross Greenwood on Money News I discussed REA Group, the number of houses listed since 2011 has been in a steady decline, so how is it that REA’s profits have been increasing?
The Montgomery Funds and Montgomery Global Funds own shares in REA
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.
grant.westcott.7
:
Roger I have concerns regarding Bunnings foray into the UK where they seem to be struggling. Perhaps it is too small to worry about? What is your view on this aspect of the business?
Roger Montgomery
:
Yes, smallish and it currently looks like it’s going to get smaller
Andre
:
Roger,
Is your comment regarding the divestiture of coal completely by Wesfarmers accurate? I was aware of the sale of the metallurgical coal asset but I understand that they also have a 40% stake in a high quality thermal coal asset in the Hunter Valley. Are they also selling this?
Roger Montgomery
:
Andre,
I was referring to Curragh (and had Bengalla likely to be sold in mind when I was speaking). Having replayed the discussion, I see that’s not what I said. Will correct it next week.. As an aside Curragh is predominantly Met Coal but does produce some thermal too. Thank you for pointing it out.