The COVID-19 data coming out of the US is grim and getting grimmer. My concern is that many investors have been pricing in an increasingly positive economic recovery, which may not eventuate if governments in the US need to re-introduce lockdowns. And that spells danger for share prices in the US – and other markets as well. Continue…

by Stuart Jackson Posted in Global markets, Market commentary.

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One of the rather surprising trends since the COVID-19 lockdown has been the new wave of first-time share market investors. Many have enjoyed huge gains since the March market rout – often by speculating on highly risky businesses. But the ensuing dislocation between share prices and economic reality tells me that some could get their fingers badly burnt. Continue…

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

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Listed Investment Companies (LICs) have arguably been the poster child of the Exchanged Traded Product (ETP) movement. As at the end of May, LICs accounted for AUD $45 billion by market capitalisation on the ASX, with 108 offerings across a range of asset classes though mostly concentrated amongst Australian and international shares as captured by Morningstar. Continue…

by Dean Curnow Posted in Investing Education.

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by Roger Montgomery's Team Posted in Old Content.

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As you may know, the furniture retailer, Nick Scali, is one of our holdings in the Montgomery Small Companies Fund and CEO Anthony Scali has just updated fund managers through a broker-arranged conference call. Continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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If you’re a regular reader, you probably know that one of my favourite Australian companies is Codan Limited (ASX: CDA), which makes communications, metal detection, and mining technology. Its share price has doubled in the past year, and its latest trading update gives me more reasons to be pleased we hold it in our funds. Continue…

by Andreas Lundberg Posted in Companies, Stocks We Like.

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by Roger Montgomery's Team Posted in Old Content.

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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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