One of the most exciting parts of the market is the small and mid-cap space, where you can find companies that have grown their average annual earnings per share by a sustained 20 per cent. In the cases where these companies can also internally fund their growth, strong long-term investment returns typically follow. Continue…

by Roger Montgomery Posted in Montgomery News and Updates.

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Roger joined Philip Muscatello on Shares for Beginners Weekend Watchlist to discuss Macquarie Telecom (ASX:MAQ) which is part of a global megatrend – data centres and the cloud. Global research and advisory firm Gartner estimates in 2022 there will be an estimated $1.3 trillion in IT spend that will be affected by the shift to the cloud and this figure is expected to grow in the low double digits for years to come. Continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Podcast Channel, Stocks We Like.

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Crashes tend to occur when investors are surprised by something. The unexpected or the ‘black swan’ event is what triggers fear and financial protectionism among investors. There are several reasons why I believe investors can be optimistic about the market over the next year or so, notwithstanding a temporary pull-back of 10-15 per cent is always possible and should be considered a normal part of every investors journey. Continue…

by Roger Montgomery Posted in Editor's Pick, Market commentary.

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Over the past 12 months, the All Ordinaries index and the S&P 500 have risen around 26 and 35 per cent, respectively.  Not bad when you consider the economic ravages of the COVID-19 lockdowns. But despite these strong performances, there are three good reasons to believe sharemarkets will continue to climb over the coming year. Continue…

by Roger Montgomery Posted in Editor's Pick, Market commentary.

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I have been reading the media reports noting the efficacy of COVID-19 vaccines declines over time.  Thankfully, even with reduced efficacy, vaccines provide protection from serious disease, and a booster shot will increase efficacy. A high vaccination coverage provides the impetus for politicians to safely re-open our societies.  And that will be a shot in the arm for many Australian businesses. Continue…

by Andreas Lundberg Posted in Market commentary.

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Another reporting season has come and gone.  In all, 345 ASX listed businesses reported their FY21 results, which kept market analysts busy assessing the ‘beats’ and ‘misses’, earnings revisions, macro trends and warning signals.  Here are the chief take-outs from the analysts at investment banks Macquarie and JP Morgan.
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by Joseph Kim Posted in Companies, Stocks We Like.

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Macquarie Telecom (ASX:MAQ) is a data centre owner/operator with facilities in Sydney’s CBD, Macquarie Park in Sydney’s north, and Canberra. MAQ’s cloud services generated 46 per cent of the company’s revenues in FY21, while telecom services, in which it competes with Telstra, Optus, TPG and Vocus, and includes data, voice, mobile and colocation generated 47 per cent of revenues. The remaining revenue (6- 7 per cent) comes from data centre services for wholesale customers.

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by Roger Montgomery Posted in Companies, Stocks We Like.

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In this week’s video insight David interviews portfolio manager of the Montgomery Small Companies Fund Dominic Rose to discuss two high growth Australian retailers with significant global expansion strategies. City Chic (ASX: CCX) and Lovisa (ASX:LOV) make up around 5 per cent of the Montgomery Small Companies Fund portfolio and Dominic identifies why their key prospects are looking better as key markets including the US and UK open back up post COVID-19 lockdowns. Continue…

by David Buckland Posted in Companies, Consumer discretionary, Editor's Pick, Stocks We Like, Video Insights.

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