Search Results for: thorn group
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Is the Bemis merger a good deal for Amcor shareholders?
Stuart Jackson
August 9, 2018
Amcor has just announced a merger with Bemis, a US based flexibles packaging company. The new entity will be the global leader in plastics packaging with a market cap of around US$17 billion, annual revenue of US$13 billion and earnings before interest and tax (EBIT) of US$2.2 billion. But after looking at the deal, we wonder if Amcor has paid too much. Continue…
by Stuart Jackson Posted in Companies, Takeovers.
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Our take on the Viva Energy IPO
Joseph Kim
July 25, 2018
Viva Energy Group (VEA) – which owns the Shell petrol station network in Australia – listed on the ASX on 13 July. It was the largest IPO since the Medibank float in 2014. On face value, the company’s metrics look appealing. So we thought we’d take a closer look to see how it stacks up against its closest rival, Caltex. Continue…
by Joseph Kim Posted in Companies.
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BHP’s shale adventure – the reinvestment challenge of big resources
Joseph Kim
July 13, 2018
Recent press reports have suggested BHP (ASX:BHP) has been offered over US$10 billion for its US Onshore Oil and Gas assets from BP. For those who have followed the US onshore journey, you will already know it has not been a pretty one for the Big Australian. Continue…
by Joseph Kim Posted in Companies.
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Could an open banking regime benefit robo advisers?
Dean Curnow
July 10, 2018
It’s hard to ignore the inroads being made by robo advice firms in the wealth management industry. Now, robo advisers could receive a further boost on the back of the upcoming open banking regime. Continue…
by Dean Curnow Posted in Financial Services.
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Are the big banks about to raise mortgage rates?
Stuart Jackson
July 6, 2018
While you may not follow movements in the bank bill swap rate (BBSW), right now they are worth paying attention to. You see, rates are on the rise. And that means the funding costs for our major banks are also going up. This could force them to raise mortgage rates – and take mortgage stress to another level. Continue…
by Stuart Jackson Posted in Financial Services.
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Where next for Qantas?
Roger Montgomery
July 4, 2018
The Qantas share price has soared 600 per cent since 2014. This has surprised many long-term investors, who view airlines as a bit like the Bermuda Triangle – a place where money is lost and never seen again. So, what’s happened? Are airlines now a great place to invest? Continue…
by Roger Montgomery Posted in Companies.
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Exchange Traded Everything
Dean Curnow
June 25, 2018
The rise of Exchange Traded Product’s (ETP) has been a blessing for some investors but a headache for others. With a buffet of listed strategies now available via the ASX, investors are asking which structure is best for me? And what are the differences between each? Continue…
by Dean Curnow Posted in Investing Education.
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Which Retailers are exposed to falling Property?
Roger Montgomery
June 22, 2018
As you well know, we have been calling an end to the Australian property price and construction boom/bubble for some time. And now property prices appear to be declining and auction clearance rates falling, the latter suggesting price falls are not over yet. Continue…
by Roger Montgomery Posted in Companies, Property.
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You want to see disruption? Take a look at 3D printing
Roger Montgomery
June 20, 2018
The relentless pace of technological disruption shows no signs of abating. The latest major disruptor is 3D printing, which looks set to revolutionise the way we make almost everything – from cars to houses, and even human body parts. Continue…
by Roger Montgomery Posted in Technology & Telecommunications.
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Where to find value in global tech stocks
Roger Montgomery
June 19, 2018
This bull market has featured stellar performances from a small group of technology stocks, like Apple, Facebook and Netflix. Indeed, we’ve not before seen so much capital concentrated in a single sector. Despite the lofty valuations of most of these businesses, we continue to see some excellent investment opportunities. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.
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What kind of investor are you?
Tim Kelley
May 23, 2018
One of the features of active equity investing is its zero-sum nature (in aggregate). By that, I mean that when an investor “beats” the market, some other investor must get beaten. Averages being what they are, there needs to be an equal representation of investors who deliver above average performance and investors who deliver below average performance. Continue…
by Tim Kelley Posted in Investing Education.
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Will Aussies remain underinvested in the global technology growth story?
David Buckland
May 17, 2018
One of the sectors Australian investors have trouble accessing – given the domicile of the companies – are high quality global technology businesses, and they account for a little over 30 per cent of the Montgomery Global portfolios. Continue…
by David Buckland Posted in Companies, Stocks We Like.
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So is it a good time to invest globally?
Scott Phillips
May 8, 2018
It is only natural for investors and advisers alike to question whether now is a good time is to invest in global equities. As an investment manager, we are constantly asked if it is the right time to either add more funds or redeem funds from their portfolios. Here we discuss what we do in our own funds.
by Scott Phillips Posted in Global markets.
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Understanding insurance broking
Lisa Fedorenko
April 20, 2018
You may not be too familiar with Steadfast Group (ASX: SDF) and AUB Group (ASX: AUB), but these insurance brokers are high quality businesses in an industry with high barriers to entry. Which is why we are very happy to hold them in our funds. Continue…
by Lisa Fedorenko Posted in Insurance, Stocks We Like.
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Four months can be a long time in the share market
David Buckland
April 19, 2018
“While the outlook for Blue Sky is easy to articulate, the execution is always more challenging…Our business is well placed to meet the inevitable challenges that lie ahead” quoted the 2017 Annual Report. Continue…
by David Buckland Posted in Companies, Financial Services.
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Retiring and contributing to super – what’s our current position?
Scott Phillips
April 18, 2018
After 25 years, and from modest beginnings, the Australian superannuation system has a lot to be proud of. As one of the largest superannuation and pension systems globally it is well on the way to meeting its ultimate purpose of supporting all Australians as they move toward their retirement years. Continue…
by Scott Phillips Posted in Investing Education.
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Have we reached peak stupid on electricity?
Andreas Lundberg
April 10, 2018
Sometimes you have to ask yourself this question when you read ideas put forward by politicians. Take the recent proposal from a group calling themselves the Monash Forum. They want the government to fund, build and operate a new coal fired power station to address rising power prices and the outages that east coast Australia experienced in the summer of 2016/17. There are many reasons why I think this is a BAD idea. Continue…
by Andreas Lundberg Posted in Energy / Resources.
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Why we do not seek to deliver roller-coaster-like returns
Roger Montgomery
March 29, 2018
In very early March we sent our Montgomery [Private] Fund investors the February Investment Report. It is a particularly useful insight for all investors, and with the passage of time it can now be shared with you. Continue…
by Roger Montgomery Posted in Insightful Insights.
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What to Watch
Roger Montgomery
March 23, 2018
We have often written about the boom in non-income producing assets – such as collectibles – and the associated world record prices, as being a sign of the very late stages of a credit cycle. Eventually, the boom will unwind – it always does – and one consistent signal has usually been investors pulling back from one asset class even while other asset classes continue to party. Continue…
by Roger Montgomery Posted in Market commentary.
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Why mentor
Lisa Fedorenko
March 14, 2018
On International Women’s Day last week, Sheryl Sandberg launched a new #MentorHer campaign. Mentoring is something I’ve done voluntarily both formally and informally for a number of years. It can be enormously gratifying and this campaign got me thinking about why it’s so important. Continue…
by Lisa Fedorenko Posted in Insightful Insights.
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