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Montgomery’s Reporting Season Review


Montgomery’s Reporting Season Review

Our domestic equities Portfolio Managers presented a live webinar for our clients this week discussing several themes that emerged during the recent reporting season. The Retail, Insurance and Bank sectors delivered a positive surprise, while Health, Staples and Utilities disappointed versus consensus.

Australia’s accelerating vaccination rate saw investors look through the current climate and towards companies with leverage to a reopening (think travel and leisure stocks) and away from those companies for whom COVID-19 had provided a tailwind. Dividends were materially larger than expected, suggesting CEOs are generally optimistic and are presiding over healthy balance sheets.

We covered a number of key stock positions that we continue to hold that see us well placed given the current economic and market outlook. The Q&A was recorded and we covered many questions submitted by the audience.


Roger is the Founder and Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment and financial market experience, knowledge and relationships to bear in his role as Chief Investment Officer. 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.

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