Search Results for: thorn group
-
The news looks good, so why have Sirtex shares been dumped?
Scott Shuttleworth
April 25, 2017
Over the weekend, the results were released of a trial comparing the efficacy of two treatments for late stage liver cancer. The treatments were SIRT, pioneered by Australian biotech, Sirtex, versus Sorafenib. The results were generally positive for SIRT. So why has the market responded so harshly?
Continue…by Scott Shuttleworth Posted in Editor's Pick, Health Care.
- 6 Comments
- save this article
- 6
- POSTED IN Editor's Pick, Health Care.
-
What to consider when valuing a company
Lisa Fedorenko
April 20, 2017
Have you ever wondered why analysts from different broking firms will value the same business quite differently? It often comes down to the assumptions they make, and the level of simplicity or complexity they build into their models. Continue…
by Lisa Fedorenko Posted in Investing Education.
- save this article
- POSTED IN Investing Education.
-
How can a business gain a competitive advantage?
Lisa Fedorenko
April 7, 2017
As value investors, we are always on the lookout for businesses with a competitive advantage. Having a competitive advantage can give a business an edge over rivals and an ability to generate greater value for shareholders. But what do we really mean by competitive advantage, and how does it come about? Continue…
by Lisa Fedorenko Posted in Market commentary.
- save this article
- POSTED IN Market commentary.
-
Does Telstra’s Kevin Russell have his eyes on Vita Group’s stores?
Roger Montgomery
April 5, 2017
What a week it’s been for Vita Group (VTG), which operates over 100 Telstra stores. On 4 April, Fairfax published an article referring to a ‘leaked’ Telstra draft document that said it is considering taking back high performing stores from licensees. VTG’s share price promptly plummeted. After VTG rebutted the leak, its share price rebounded. So, who should we believe? Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
- 15 Comments
- save this article
- 15
- POSTED IN Companies, Editor's Pick.
-
Five rules to win a price war – at least in the short term
Scott Shuttleworth
April 3, 2017
With Amazon set to enter the Australian market later this year, many of Australia’s leading retailers are gearing up for the fight of their lives. We think they would do well to take note of recent analysis by MIT Sloan School of Management, which identifies five rules for management to follow to maximise their chances of success. Continue…
by Scott Shuttleworth Posted in Market commentary.
- save this article
- POSTED IN Market commentary.
-
A (re)visit to the hospital: Healthscope and Ramsay
Roger Montgomery
March 27, 2017
Over the course of 2016, we provided insight into the competitive dynamics and aggregate prospects of several industry sectors, from financial markets to supermarkets, listed on the Australian stock market.
Continue…by Roger Montgomery Posted in Editor's Pick, Health Care, Stocks We Like.
- 9 Comments
- save this article
- 9
- POSTED IN Editor's Pick, Health Care, Stocks We Like.
-
With advertising going digital, what now for traditional media?
Lisa Fedorenko
March 24, 2017
Few industries have been as radically transformed by the internet as advertising and, in turn, traditional media (newspapers, TV and magazines). A couple of decades ago, print media was critical to reaching an audience; now it’s relevance has significantly declined. And this switch in advertising spending from traditional media to digital media shows no sign of letting up. Continue…
by Lisa Fedorenko Posted in Technology & Telecommunications.
- save this article
- POSTED IN Technology & Telecommunications.
-
Why investing in index funds and blue chips is for the birds
Roger Montgomery
March 24, 2017
Investors are being increasingly lobbied to buy funds that track one or more share indices. These index funds are being marketed as a safe, idiot-proof place to diversify your investment. People who are attracted to index funds are also commonly drawn to the so-called ‘blue chips’. But recent research shows this type of ‘investing’ is anything but safe. Continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
- 10 Comments
- save this article
- 10
- POSTED IN Editor's Pick, Market commentary.
-
Brisbane Apartments are Ground Zero
Roger Montgomery
March 23, 2017
We’ve been harping on about it for some time (and generating quite a stir among some of you!) but a comment here at the blog today from an individual in the industry is worth highlighting. Continue…
by Roger Montgomery Posted in Property.
- 7 Comments
- save this article
- 7
- POSTED IN Property.
-
What’s the story with Vita Group?
Scott Shuttleworth
March 15, 2017
In this video insight we run through a series of events we’ve observed surrounding the Vita Group share price over the past 6 months. For those new to Vita Group, the firm runs a network of over 100 Telstra retail stores and business centres as well as several other retail and enterprise offers.
by Scott Shuttleworth Posted in Video Insights.
- 2 Comments
- save this article
- 2
- POSTED IN Video Insights.
-
The Australian apartment market – will the luck run out?
David Buckland
March 9, 2017
An article by Duncan Hughes in today’s Australian Financial Review entitled “Off the plan apartments prone to 30 per cent falls” discusses the need for buyer caution. Continue…
by David Buckland Posted in Property.
- 4 Comments
- save this article
- 4
- POSTED IN Property.
-
Torpedo alert: the high-risk stocks we are avoiding right now
Tim Kelley
March 9, 2017
One of the unpleasant realities of equity market investing is that, from time to time, a portfolio company will deliver disappointing news and suffer a rapid and dramatic decline in market value. These “torpedo stocks” are not only psychologically painful, but can also impact significantly on returns. It is sometimes said that the secret to outperformance is less about finding the big winners, and more about steering clear of the big losers. Continue…
by Tim Kelley Posted in Editor's Pick, Market commentary, Montgomery News and Updates.
-
Switzer TV
Roger Montgomery
March 8, 2017
In this interview with Peter Switzer Roger Montgomery compares BHP and REA Group. He also discusses iSentia’s share price.
by Roger Montgomery Posted in TV Appearances.
- save this article
- POSTED IN TV Appearances.
-
ETFs inevitably boost the value of fewer outperformers
Lisa Fedorenko
March 3, 2017
Across the investment world, ETFs are on the rise. And for good reason – as Tim recently noted, ETFs outperform many actively managed funds. But the growing popularity of ETFs is having another consequence – it is making outperforming managed funds even more valuable, and pushing underperforming funds out faster. Continue…
by Lisa Fedorenko Posted in Investing Education.
- 6 Comments
- save this article
- 6
- POSTED IN Investing Education.
-
REA continues to innovate and grow
Scott Shuttleworth
February 28, 2017
With property prices still heading north – particularly in the major capitals – we recently took the opportunity to meet with the CEO and CFO of REA Group (ASX: REA), Tracey Fellows and Owen Wilson. Our discussion gave us a greater insight into REA’s 1H17 result and the prospects of Australia’s leading online real estate advertising company. Continue…
by Scott Shuttleworth Posted in Companies.
- 6 Comments
- save this article
- 6
- POSTED IN Companies.
-
Is Trump’s White House itching for another war?
Roger Montgomery
February 25, 2017
As investors, there are many macro events we have to consider, both positive and negative. Since the election of Donald Trump, we’ve had to consider one more – the prospect of a war involving the US. Jumping at shadows is no way to invest, so the following should be read as pure postulation, a black swan event sharing its place on the probability spectrum with, say, a meteor hitting Earth. Continue…
by Roger Montgomery Posted in Market commentary.
- 6 Comments
- save this article
- 6
- POSTED IN Market commentary.
-
Why we continue to steer clear of cyclical businesses
Roger Montgomery
February 22, 2017
It’s painful watching the share prices of companies we don’t own rising, and doubly insulting watching the prices of those we do own declining. For over half a year we, along with our investors, have had to endure this ‘new order’, in which cyclical businesses have been on a tear, while many quality businesses have been punished. But looking at our performance over the longer term makes me confident we have the right strategy.
Continue…by Roger Montgomery Posted in Investing Education.
- 10 Comments
- save this article
- 10
- POSTED IN Investing Education.
-
Despite a bumpy 2016, quality investing is alive and well
Scott Phillips
February 20, 2017
Last year was certainly full of surprises. We saw Brexit, Donald Trump’s election victory, and iron ore prices tripling. We also witnessed the great sector rotation on the share market from high quality businesses to low quality businesses – a trend that continues today. And this led us to ask: is quality investing still the best approach?
Continue…by Scott Phillips Posted in Montgomery News and Updates.
- 4 Comments
- save this article
- 4
- POSTED IN Montgomery News and Updates.
-
Why we continue to like Challenger
Roger Montgomery
February 20, 2017
Challenger Financial Group (ASX:CGF) has over $60b in assets, commands the leading market position in annuities, and has a growth profile that should be supported by a rising tide of superannuation assets. We like the business – it’s one of Montgomery’s larger positions. Our views were confirmed this week, when Challenger presented its interim results.
Continue…by Roger Montgomery Posted in Companies, Editor's Pick.
- 11 Comments
- save this article
- 11
- POSTED IN Companies, Editor's Pick.
-
Value investing giant, Seth Klarman, issues a warning to all investors
Roger Montgomery
February 16, 2017
Seth Klarman’s Baupost Group is the world’s 11th largest hedge fund. And Klarman, a renowned value investor, has sometimes been compared to Warren Buffett. So when he offers his analysis, it’s worth reading. Which is why we’re pleased to bring you excerpts from Klarman’s latest investor letter. Continue…
by Roger Montgomery Posted in Editor's Pick, Investing Education.
- 7 Comments
- save this article
- 7
- POSTED IN Editor's Pick, Investing Education.