Back in 2002 Alliance Aviation Services (ASX:AQZ) commenced flying with just two aircraft. Today, the operating aircraft fleet size has grown to 43, with a further 14 new aircraft set to arrive in the next 12 months. AQZ’s business is literally flying! The company operates fly-in fly-out charter services for Australian mining companies and a range of ancillary aviation services, and has a strong track record of consistent profits and growth.  AQZ delivered record profits in FY20 despite the global COVID pandemic. The aviation market is very cyclical, boom and bust, so how has Alliance developed such a remarkable track record? Continue…

by Gary Rollo Posted in Montgomery Small Caps Management Video Series, Video Insights.

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The typical balanced portfolio being a 60/40 mix of growth assets to defensive (bonds) has been a mainstay of investors for many decades. But with 10-year Australian government bond yields at just 0.84 per cent and inflation running somewhere around 1.8 per cent (as seen in Figure 1), the return you get on the yield from your risk free Australian 10 year treasury bond is trailing inflation by around 1 per cent per annum. Continue…

by Scott Phillips Posted in Investing Education.

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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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Jones Lang Lasalle (JLL ), one of the world’s largest commercial real estate services companies recently compiled data on CBD office vacancy rates across the major Australian capitals. So, are we seeing the end of the CBD? Continue…

by Andreas Lundberg Posted in Property.

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by Roger Montgomery's Team Posted in Old Content.

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Last year I wrote about the possibility of a spin off of Iluka Resources’ MAC royalty, and how much this asset could be worth as a standalone entity. It appears we will find out the market’s assessment of the value of the royalty – to be known as Deterra Royalties (DRR AU) – in as little as two weeks, with the Extraordinary General Meeting to vote on the proposed de-merger occurring on Friday 16 October. Continue…

by Joseph Kim Posted in Companies.

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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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In this week’s video insight Roger discusses the exciting global megatrend of e-commerce. In the seven years between 2014 and 2020, worldwide retail e-commerce sales have grown from US$1.3 trillion to US$6.5 trillion. While much of the focus is on the leading giants; Amazon, eBay, and Alibaba, there are numerous small Australian companies generating serious returns for investors from e-commerce. City Chic Collective is an exciting global e-tailer with a structural component to its growth runway. Continue…

by Roger Montgomery Posted in Editor's Pick, Video Insights.

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