Search Results for: property
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Money News 11.09.2019
Roger Montgomery
September 11, 2019
In this interview on Money News, Roger and John Stanley discuss when to start investing in equities or property. Find out why we think the right time is yesterday, and always will be. If you’re looking for long term growth, the companies you want to look at should be demonstrating success in a global market or small Australian businesses.
by Roger Montgomery Posted in Editor's Pick, Radio.
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How long can the market’s ‘consensual hallucination’ go on?
Roger Montgomery
September 3, 2019
When I look at some of the absurd valuations of profitless companies – both here and in the U.S. – I wonder if the market is suffering from some form of consensual hallucination. I also wonder how long this induced state of bliss can go on. Continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
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Reasons to be cheerful as more firms announce strong results
Roger Montgomery
August 30, 2019
AP Eagers, Prospa and Appen have all delivered strong earnings reports and upbeat outlook statements, which should cheer many investors. The update from supermarket giant, Woolworths, was also far from shabby. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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Infrastructure needs and the migration debate
Andreas Lundberg
August 19, 2019
Federal government moves to re-assess Australia’s high immigration rate could lead to a cut in migrant numbers. This is potentially bad news for the nation’s property and infrastructure developers. Continue…
by Andreas Lundberg Posted in Market commentary.
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REA Group says “The buyers are back”
Roger Montgomery
August 14, 2019
Is that all there is to a housing slump? Well, yes, according to REA Group, which recently reported a decent set of numbers for the year, and expects a significantly better residential listings market in the months ahead. Continue…
by Roger Montgomery Posted in Companies.
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How to profit from reporting season
Roger Montgomery
August 12, 2019
Reporting season can be brutal for businesses affected by cyclical factors, like the current residential building slump. But experience tells me it’s also a great time for investors to take note of out-of-favour companies that should rebound when the cycle turns up. Continue…
by Roger Montgomery Posted in Companies, Market commentary.
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Recent data suggest the slowdown is just beginning
Roger Montgomery
July 16, 2019
The latest RBA rate cut indicates all is not well in the Australian economy, and retail and housing data seem to back this up. It’s time to be selective about where you invest. While sentiment might have improved of late, actual spending hasn’t picked up. Continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
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If rates are low forever, can asset prices fall?
Roger Montgomery
July 9, 2019
There’s an increasing frequency of articles I have read suggesting that low rates are now a permanent feature of markets, as is the likelihood of central banks rescuing investors from themselves through the perpetual deployment of unconventional monetary policy tools. Continue…
by Roger Montgomery Posted in Editor's Pick, Investing Education, Market commentary.
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Time to bin idea of a buoyant housing sector as Bingo numbers fall
Roger Montgomery
July 2, 2019
In this article for the Australian Roger discusses one company with heavy exposure to the property boom — and now the bust, Bingo Industries. Should caution be applied to the company’s recent share price enthusiasm? Read here.
by Roger Montgomery Posted in In the Press.
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Is there more weakness ahead for discretionary retailers?
Roger Montgomery
July 2, 2019
Since we alerted investors some two years ago that an oversupply of property would ultimately result in a collapse of activity in residential construction, additional nails have been hammered into the fortunes for companies exposed to housing and retailing. Continue…
by Roger Montgomery Posted in Consumer discretionary, Property.
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Why are so many equity investors bearish about property?
Roger Montgomery
June 27, 2019
Veronica Morgan & Chris Bates host the The Elephant In The Room Property Podcast with Roger joining to discuss how to apply the principles of value investing to the property market. Listen here. (60 minutes)
Here’s a snapshot of what you’ll learn from listening:
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How to identify the 3 phases to a boom in the market.
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Why a focus on the calibre of any asset is so important.
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How to apply the principles of value investing to a property purchase.
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What happens to prices when population growth in Australia is underestimated.
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Why access to credit & interest rates are the ultimate driver of asset price.
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When you know what something is worth, you know when you are paying too much!
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What is the impact on property prices with a slow down in construction?
by Roger Montgomery Posted in Podcast Channel, Radio.
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Who should pay when your apartment block ‘moves in a downward motion’?
Andreas Lundberg
June 27, 2019
The recent, and well reported, examples of shoddy construction practices on high rise buildings have led some experts to warn that this is just the tip of the iceberg. The question for society is: who is responsible, and who should pay the costs of rectification? Continue…
by Andreas Lundberg Posted in Market commentary.
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ABC NIGHTLIFE: Property lows and the fall out
Roger Montgomery
June 26, 2019
In this radio program with Philip Clark, Roger discusses how pain in the property market weaves its way through other parts of the economy. The residential construction sector is one of the biggest employers in the country. What impact will the drop off in home approvals and construction have on jobs in that sector? Listen here. (50 minutes)
by Roger Montgomery Posted in Radio.
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Car sales headaches may have unexpected benefit for The Montgomery Fund
Roger Montgomery
June 26, 2019
In the lead up to the RBA’s first interest rate cut in several years, governor Philip Lowe noted the negative ‘wealth effect’ from falling house prices would be felt most acutely by those retailing motor vehicles and household furnishings. Continue…
by Roger Montgomery Posted in Consumer discretionary.
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Beware companies issuing multiple downgrades
Roger Montgomery
June 25, 2019
Over the last few months, eight times as many ASX-listed companies have downgraded as upgraded. That’s an alarming figure, and reveals a serious decline in business conditions. The mission for all investors is to try to avoid companies issuing further downgrades. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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Which way next for BINGO Industries?
Roger Montgomery
June 17, 2019
The share price of waste management business, BINGO Industries (ASX:BIN), has been on a roller-coaster ride since the company listed on the ASX in 2017. With its heavy exposure to property development, it remains to be seen which way it moves next. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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The conga line of loss making IPOs is a worry..
Roger Montgomery
June 4, 2019
There are plenty of charts doing the rounds showing the rising percentage of companies listing in the US, that are losing money. Uber is perhaps the best recent example, which we wrote about and suggested it might be a great short selling opportunity. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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Eclipx Group Limited comes clean
David Buckland
June 1, 2019
In releasing their half-yearly results for the six months to March 2019, the Eclipx Group (ASX: ECX) management has come clean. After spending a combined $246 million on the Right2Drive and GraysOnline acquisitions in May 2016 and August 2017, respectively, they have now been written down by $118 million. Continue…
by David Buckland Posted in Companies.
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Money News 28.05.2019
Roger Montgomery
May 30, 2019
In this interview on Money News, Roger discusses the difference a week has made. Since the Federal Election, property clearance rates have gone from 44 per cent to 69 per cent. Will the government be able to offset a deteriorating construction sector, or is the enthusiasm premature?
by Roger Montgomery Posted in Editor's Pick, Radio.
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The biggest winners from the Federal Election
Stuart Jackson
May 23, 2019
The ASX All Ordinaries index jumped to an 11-year high immediately after the Coalition won the recent Federal Election. It was boosted in particular by share price spikes in the big banks and health insurers. Whether these gains are sustainable remains to be seen. Continue…
by Stuart Jackson Posted in Companies, Market commentary.
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