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Montgomery Small Companies Fund and investing over the longer term
Scott Phillips
April 28, 2022
We all know that equity markets don’t travel in a straight line, and that has been the case for equity markets over the last couple of years. Looking back at some of the major events that investors and equity markets have had to contend with, and we can list a global pandemic, massive monetary and fiscal stimulus in response, lock-downs like never seen before, then re-opening, supply constraints coupled with strong demand, a Russian invasion on Ukraine, now inflationary pressures across the globe, interest rates on the rise and meanwhile companies are adapting to the changing environment but ultimately trying to execute on delivering the best products or services to their customers and generate growing profits. Continue…
by Scott Phillips Posted in Montgomery News and Updates.
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Share Prices within The Buy Now Pay Later Sector continue to struggle
David Buckland
April 27, 2022
Two months ago, I wrote about the tough conditions gripping the Buy Now, Pay Later sector and asked whether the agreed takeover scrip bid by Zip Co Limited (ASX: ZIP) for Sezzle Inc (ASX: SZL) at 0.98 ZIP shares for 1.00 SZL shares was a marriage of convenience or a marriage of necessity. Since then, the share prices of both companies have more than halved from $2.21 to $1.02 for ZIP and from $1.78 to $0.84 for SZL. Continue…
by David Buckland Posted in Companies.
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Macquarie’s economic update part 3 – Will mining save the Aussie economy?
Roger Montgomery
April 27, 2022
As highlighted in the preceding two articles, Macquarie Bank economists, Ric Deverell and Hayden Skilling, see darker times ahead for the US economy and equity market. But their outlook for our economy and equities is more nuanced. Australia will benefit from the race to decarbonise, with some commodities doing particularly well. For investors, it means careful stock selection will be the order of the day. Continue…
by Roger Montgomery Posted in Market commentary.
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Macquarie’s economic update Part 2 – In the US, winter is coming
Roger Montgomery
April 26, 2022
In their latest global economic update, Macquarie Bank economists, Ric Deverell and Hayden Skilling, paint a far from rosy picture of the year ahead. For the US they see rising interest rates, a slowing economy and a strong chance of a recession. And their views on returns in equity markets are bleak. If they are correct, then it’s time for investors to be extra cautious, and to focus their portfolios on quality and growth. Continue…
by Roger Montgomery Posted in Global markets, Market commentary.
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Macquarie’s economic update part 1 – Inflation, war and COVID
Roger Montgomery
April 22, 2022
Recently, Macquarie Bank economists, Ric Deverell and Hayden Skilling, provided their much anticipated global economic update. It includes insights into how COVID and Russia’s invasion of Ukraine are impacting supply chains, inflation and interest rate expectations. It also includes their somewhat bleak views on the outlook for property and equity markets. I’ve summarised the key take-outs in four blog posts. Here is the first one. Continue…
by Roger Montgomery Posted in Global markets, Market commentary.
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What to make of KKR’s bid for Ramsay Health Care
Andreas Lundberg
April 21, 2022
As you’ve probably read in the press, a consortium led by US-based investment behemoth, KKR & Co, has just lobbed a $20 billion bid for Ramsay Health Care (ASX:RHC), Australia’s dominant private hospital business. This values each RHC share at an all-time high of $88, well above the previous day’s close of around $64. So it’s potentially good news for RHC investors – including The Montgomery Fund. But what are the chances of the deal going through? Continue…
by Andreas Lundberg Posted in Companies, Editor's Pick, Stocks We Like.
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The Montgomery Fund quarterly video March 2022
Joseph Kim
April 21, 2022
The March 2022 quarter has been a challenging environment for The Montgomery Fund’s core philosophy of investing in quality businesses diversified across the growth spectrum. We observed significant divergence in relative share price performance across our holdings despite our investee companies delivering solid financial results in a difficult environment. We remain cautious on recent market moves as volatility remains elevated across all financial markets. Continue…
by Joseph Kim Posted in Video Insights.
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MEDIA
Spark Your Fire – markets with Roger
Roger Montgomery
April 20, 2022
Roger joined Jas on the Spark your FIRE podcast to discuss how the start of 2022 has seen the most unexpected black swan of all time – a war in eastern Europe. The Russia and Ukraine war will have long lasting implications on the global economy with impacts on supply chains and commodities. Listen via the embed player below:
by Roger Montgomery Posted in Podcast Channel.
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