With the Australian share market rallying strongly in April off the 25 March low, there has been a spate of capital raisings by cash-strapped companies looking to reduce debt and/or ‘pay the bills’.  One of those is travel retailer, Flight Centre (ASX:FLT). In this 2-part blog, I outline our assessment of the business in the face of COVID-19 risks and the likelihood of negative earnings for the foreseeable future. Continue…

by Joseph Kim Posted in Companies.

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by Roger Montgomery's Team Posted in Old Content.

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Danish physicist, Niels Bohr, is reputed to have quipped that “It is very hard to predict, especially the future.” And never has this been more so than right now. Amid a confluence of events for which there are no precedents, it is impossible to make perfectly informed investment decisions. However, even with this extreme level of uncertainty, I believe there are principles investors can use to help guide their decisions. Continue…

by Roger Montgomery Posted in Market commentary.

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Following its one-month 36 per cent decline from peak (20 February 2020) to its low (23 March 2020), the ASX200 has bounced 20 per cent. That’s a return most investors would be happy with over a year.  The question is whether such optimism is warranted. Continue…

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

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On Wednesday morning the Government sold a record of $13 billion worth of government bonds. Did you know that for as little as $100, you can invest in, well, the Commonwealth Government, as it seeks to sandbag the economy from the economic storm. Roger joined David Taylor on the ABC to discuss how buying government bonds works. Listen here.

by Roger Montgomery Posted in Editor's Pick, Radio.

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After years of standing by as our manufacturing industries were sent offshore, the Federal Government has set up a task force to restore local manufacturing. “Australia drank the free-trade juice and decided that off-shoring was OK. Well, that era is gone,” Andrew Liveris, who is on the task force, told the AFR.  It’s a great idea, but there are some mighty challenges ahead. Continue…

by Andreas Lundberg Posted in Manufacturing.

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by Roger Montgomery's Team Posted in Old Content.

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Roger joined top fund managers on Switzer TV to be asked rapid-fire questions on investing during COVID-19. At the 6-minute mark you can hear Roger’s comments on our response to the COVID-19 crisis, what will signal the crisis is over for markets and where we are currently investing.

by Roger Montgomery Posted in TV Appearances.

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