Search Results for: thorn group
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To Vaccinate your portfolio or not?
Roger Montgomery
October 15, 2020
How to position portfolios for a potential (but not certain) vaccine is currently front of mind here at Montgomery. A vaccine feeds into the ‘reopening’ theme as well as the narrative about a broader economic recovery and companies that are leveraged to it – the ‘economic sensitives’. Continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
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Why yield investors should take a look at Centuria
Stuart Jackson
October 13, 2020
If you’re looking for a robust income stock, Centuria Capital Group (ASX:CNI) is worth considering. Centuria owns a suite of assets focused on property and investment bonds, and pays an annual yield of around 4.3 per cent. Making this business even more appealing, is a share price that keeps heading in the right direction. Continue…
by Stuart Jackson Posted in Companies, Stocks We Like.
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How much higher can Buy-Now-Pay-Later stocks go?
Roger Montgomery
October 8, 2020
As you’ve no doubt noticed, Buy-Now-Pay-Later (BNPL) providers, like Afterpay and Zip, are all the rage. But do their soaring share prices reflect their real value and future earning power? Or are we just witnessing the latest incarnation of tulip mania? Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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What the Age of Disorder means for investors
Andreas Lundberg
September 16, 2020
As you’ve no doubt noticed, the news these days is awash with reports of social unrest across the world. It’s prompted Deutsche Bank’s global strategists to argue that we’ve entered the Age of Disorder. They point to six major trends that, together, support their thesis – and which could have a big impact on equity returns in coming years. Continue…
by Andreas Lundberg Posted in Market commentary.
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Uniti Group ups the ante for OptiComm – and revises their bid to $5.85 per share
David Buckland
September 15, 2020
The team at Uniti Group must have been close to breaking out the champagne on another well executed transaction – detailed here – when the $130 billion First State Superannuation Fund threw a spanner in the works by bidding $5.85 per share or $610 million for OptiComm Limited. Continue…
by David Buckland Posted in Companies, Stocks We Like.
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Could PayPal’s “Pay in 4” prick the BNPL bubble?
David Buckland
September 15, 2020
The Buy Now Pay Later (BNPL) industry has exploded in Australia in recent years. The space has been admirably led by the Nicholas Molnar, who founded Afterpay Holdings Limited (ASX: APT) in early-2014 after designing the company’s business model from the back of his commerce lectures at the University of Sydney. At its recent high of $96 per share, APT reached a market capitalisation of A$27 billion. Continue…
by David Buckland Posted in Companies, Editor's Pick.
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Five retail winners from reporting season
Joseph Kim
September 11, 2020
One of the big winners emerging from the recent reporting season has been higher quality, small-cap retail stocks. These companies have benefited from increased spending in goods and durables, as spending generally ear-marked for services (including transport and travel) reduced with lockdown measures – i.e. “higher share of wallet.” Continue…
by Joseph Kim Posted in Companies, Consumer discretionary, Stocks We Like.
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How long will markets stay out of whack with reality?
Roger Montgomery
September 8, 2020
One of my favourite childhood books was Dr Suess’s ‘Wacky Wednesday’ in which a boy wakes to find everything in the world is inside out, upside down or simply not as it should be. In the stock market these days, it seems every day is like Wacky Wednesday. But, like in the book, how long before we wake to find Wacky Wednesday has finally come to an end? Continue…
by Roger Montgomery Posted in Market commentary.
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APE and SUL make hay from our newfound spending habits
Roger Montgomery
August 26, 2020
What do A.P. Eagers Automotive (ASX:APE) and Super Retail Group (ASX:SUL) have in common? Well, for starters, these firms have seen their revenues turbo charged by our changed spending habits since the start of Australia’s COVID-19 travel restrictions. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.
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Digital disrupters deliver superior returns for our Small Companies Fund
Roger Montgomery
August 18, 2020
Since launching in September 2019, The Montgomery Small Companies Fund has outperformed its benchmark the Small Ordinaries Index by 15.16 per cent to 31 July. The Fund’s strong run has been driven by accelerating megatrends in e-commerce, enterprise migration to the cloud and digitisation of the economy. Given the ongoing strength of these trends, I think there’s more solid growth ahead. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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REA Group shows its resilience in tough times
Joseph Kim
August 12, 2020
Property advertising platform, REA Group (ASX:REA), was one of the first businesses to announce its results this reporting season. Given the COVID-related restrictions on real estate transactions, it was a strong performance. And, pleasingly for investors, the company will be paying a dividend. Continue…
by Joseph Kim Posted in Companies, Property, Stocks We Like.
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Companies benefiting from COVID-19 lockdowns
Roger Montgomery
August 7, 2020
The current boom in equities is not as broad-based as it might first appear. Putting aside materials and gold stocks, the rest of the market can be divided into the ‘haves’ and the ‘have nots’. And it may be more important than ever to be an owner of the ‘haves’.
by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.
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Why Catherines is a great fit for City Chic
Dominic Rose
July 30, 2020
City Chic Collective (ASX: CCX) has been nominated as the ‘stalking horse bidder’ for the e-commerce assets of Catherines, a US women’s plus-size fashion chain. The Montgomery Small Companies Fund is an investor in CCX, and we like what we see in this latest move by the company to execute its global digital growth strategy. Continue…
by Dominic Rose Posted in Companies.
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Three reasons we continue to like Woolworths
Joseph Kim
July 21, 2020
In recent months, The Montgomery Fund has accumulated a significant position in Woolworths – it’s now one of our largest positions. And we remain positive on the outlook for the company over the medium term, even after the recent rally in its share price. Continue…
by Joseph Kim Posted in Companies, Editor's Pick, Stocks We Like.
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Investment platforms: more than just an admin tool
Dean Curnow
July 16, 2020
Investment platforms are many things, from an administration tool for advisers and the end investor, to a world of wrapped investment options only previously presented to SMSF’s with both strong paperwork skills and large balances. Continue…
by Dean Curnow Posted in Investing Education.
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Has the market run too hard?
Roger Montgomery
July 16, 2020
Who would have thought that, just four months after the market’s March nadir, many stocks would not only have recovered but be at new all-time highs? Or that businesses like Afterpay, which has still to turn a profit, would be trading at such lofty prices? The big question is: how long can this unbridled enthusiasm continue? Continue…
by Roger Montgomery Posted in Market commentary.
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Why investors have lost their taste for Treasury Wine Estates
Stuart Jackson
July 13, 2020
You’d think that Australia’s global winemaker and distributor, Treasury Wine Estates (ASX:TWE), would be reasonably immune to the effects of the COVID-19 pandemic. But the owner of famous brands like Wolf Blass, Lindemans and Penfolds is also feeling the pinch, with its latest trading update pointing to a tough year ahead. Continue…
by Stuart Jackson Posted in Companies.
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What falling car sales tell us about the economy
Andreas Lundberg
July 8, 2020
New car sales data is a good indicator of consumer sentiment and of a country’s economic health. So the most recent data from the Federal Chamber of Automotive Industries is a concern. They show that new car sales in Australia fell – for the 27th month in a row. Continue…
by Andreas Lundberg Posted in Companies.
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Why we are reducing risk by focusing on quality and size
Roger Montgomery
June 23, 2020
Since the COVID-19 induced market low, our fund has put a substantial proportion of our cash to work. But we’ve been very selective about the companies we bought. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.
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Why it’s so hard to pick the market direction right now
Roger Montgomery
June 22, 2020
In a recent interview, Peter Switzer asked me if I was a bull or a bear. It’s a simple question, but one that requires a nuanced response. Because these are complex and unprecedented times for investors. Continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
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