This reporting season is likely to be one unlike any seen prior given the unprecedented disruption wrought by COVID-19. Earnings estimates range significantly for companies, while forward estimates that rely on a base of earnings are also subject to significant revision. Guidance will be difficult to come by this reporting season. Continue…

by Joseph Kim Posted in Companies.

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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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by Roger Montgomery's Team Posted in Old Content.

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JobKeeper has been incredibly important in supporting consumer spending in Australia. But recent data show that spending could be plateauing – even before JobKeeper is wound back. This could signal even worse times ahead for many businesses. Continue…

by Stuart Jackson Posted in Consumer discretionary, Market commentary.

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Roger joined Jordan Michaelides on the Margin Call Podcast to talk about the COVID-19 situation in Australia, and how we are in a health and economic crises but not a financial crisis. They cover headwinds and tailwinds for the Australian economy, current share markets and opportunities this presents for value investors.

by Roger Montgomery Posted in Editor's Pick, Podcast Channel.

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With reporting season kicking off in Australia, we expect the disparity between earnings expectations and results to be the widest in memory. As an example, pump and filter manufacturing company GUD Holdings Limited has stated the demand environment is simply too dynamic to be able to provide guidance. Continue…

by Roger Montgomery Posted in Companies.

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by Roger Montgomery's Team Posted in Old Content.

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The latest economic update from the Federal Treasurer includes an assumption that net overseas migration will plummet as a result of COVID-19 related travel restrictions. Given that overseas migration is a major driver of property prices and construction activity, this will put a dampener on prices and have a major impact on employment. Continue…

by Andreas Lundberg Posted in Property.

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