Search Results for: gem
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REA Group: 3Q16 Result
Roger Montgomery
May 6, 2016
REA Group (ASX: REA) has reported a 20 per cent increase in revenue in the third quarter. We summarise the key points in this blog post.
by Roger Montgomery Posted in Insightful Insights, Property.
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Stocks We Like – One growth stock for the watch list
Roger Montgomery
May 5, 2016
With a market capitalisation of $1.3bn, Invocare (IVC) has quietly become the number one operator of funeral homes, crematoria and cemeteries in Australia, New Zealand and Singapore, with 250 funeral locations and 14 cemeteries and crematoria. The company commands 34 per cent of the Australia/New Zealand market and 10 per cent in Singapore. Continue…
by Roger Montgomery Posted in Insightful Insights, Stocks We Like.
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Market valuation
Roger Montgomery
May 4, 2016
We aren’t fond of correlation analysis and curve fitting as a basis for investing so you should immediately be careful about what you conclude from the following insight. Continue…
by Roger Montgomery Posted in Insightful Insights, Market Valuation.
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Underperformance has a good side
Roger Montgomery
May 4, 2016
Over the long run you’ll do just fine investing, at rational prices, in extraordinary businesses. An extraordinary business is one that can retain a meaningful proportion of its profits each year and reinvest those retained profits at an attractive rate. Continue…
by Roger Montgomery Posted in Insightful Insights.
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May’s Confession Season begins with a bang
David Buckland
May 3, 2016
The May 2016 Confession Season has begun with a bang. Already we have seen dividend cuts (ANZ), earnings savaged (SurfStitch), CEO resignations (CoverMore and SMS Management & Technology), an expected recurring hole in earnings (Telstra) and severe competition (Woolworths). A summary follows: Continue…
by David Buckland Posted in Insightful Insights.
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Is the housing market causing trouble for realestate.com?
Scott Shuttleworth
May 2, 2016
Investors could be forgiven for feeling slightly anxious on the back of the news coming out of Australia’s real estate market. Continue…
by Scott Shuttleworth Posted in Insightful Insights, Property.
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Apartment price pressure mounting
Stuart Jackson
May 2, 2016
Further to our recent warnings about the risks to residential property prices, additional insight has been provided by the release of March quarter results from Genworth (ASX: GMA). Genworth is the largest (dominant) provider of mortgage insurance in Australia.
by Stuart Jackson Posted in Financial Services, Property.
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Giddyup and thank you Mr Prime Minister and Mr Premier!
Roger Montgomery
April 29, 2016
Back in April 2013 when discussing government resistance to borrowing we wrote the following: Continue…
by Roger Montgomery Posted in Insightful Insights, Market commentary.
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Stocks We Like – IMF Bentham
Ben MacNevin
April 28, 2016
Markets will typically pay a premium for a company depending on growth expectations, and then management is burdened with meeting these expectations, however rosy they may be. It’s rare then to find a company, which has attractive growth prospects, which are not being valued by the market. IMF Bentham (IMF) is one such company, which has laid the foundation for long-term growth, but the market seems focused on its short-term underperformance.
Continue…by Ben MacNevin Posted in Companies, Insightful Insights, Stocks We Like.
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Buckle up, it could get bumpy
Roger Montgomery
April 27, 2016
For over a year we have been warning that the property market in Australia might experience a set back. To summarise, the following steps sets out the thesis: Continue…
by Roger Montgomery Posted in Insightful Insights, Property.
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What could blow up next?
Roger Montgomery
April 26, 2016
Experience in financial markets has taught us that while we cannot predict markets or prices we do know that they frequently move in a way that causes pain for the majority. Even Buffett and Munger observed this when they noted the stock market is designed to transfer money from the impatient to the patient. Continue…
by Roger Montgomery Posted in Energy / Resources, Foreign Currency, Insightful Insights.
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Landmines in the Field of Dreams
Roger Montgomery
April 26, 2016
Whether the focus is on shares, property or other financial markets, we have entered an environment of low returns. Anyone believing they will see double-digit returns from stock market indices is not just optimistic but misguided. It is therefore more important than ever to find other avenues to generate alpha (the active return over an index). Every bit of alpha will be that much more valuable in a low return regime.
Continue…by Roger Montgomery Posted in Insightful Insights.
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Discounts a plenty in the LICs market
Scott Phillips
April 22, 2016
The rather lackluster start to the year from both Australian Equities and Global Equities (in Australian dollars) has been met with an increased number of LICs (Listed Investment Companies) trading at discounts to their Net Tangible Assets backing. In fact 59 out of the 87 LICs trading on the ASX now trade at a discount, with 29 of them trading at a discount of more than 10 per cent. Continue…
by Scott Phillips Posted in Insightful Insights.
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International auditing tightens
David Buckland
April 21, 2016
At last the Audit Profession has decided to move in the Twenty First Century with 111 countries, including Australia (and China), committing to adopt new audit standards from December 2016. These new audit standards will make audit reports more informative, transparent and revealing with the introduction of ISA 701, which requires auditors of listed companies to specify key audit matters (KAMs).
Continue…by David Buckland Posted in Insightful Insights.
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Is the Cloud Getting Crowded?
Ben MacNevin
April 21, 2016
The Commonwealth Bank of Australia (ASX: CBA) has announced a deal with Workday to provide enterprise software via the cloud. We consider the implications for TechnologyOne (ASX: TNE), the Australian-listed enterprise software provider. Continue…
by Ben MacNevin Posted in Insightful Insights, Technology & Telecommunications.
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McGrath’s Problems with its Partners
Stuart Jackson
April 19, 2016
McGrath Estate Agents (ASX: MEA) share price fell over 30 per cent on the back of an announcement that its profits will fall short of the prospectus forecasts in FY16.
The company blamed an “unforeseen low volume of listings and sales” that started to emerge in the latter part of March. Prior to this, the company was performing slightly ahead of the prospectus forecasts. Continue…
by Stuart Jackson Posted in Insightful Insights, Property.
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Why blue chips let you down
Roger Montgomery
April 19, 2016
Are your returns stuck in a time warp? Are you surprised to hear Telstra’s share price is lower than it was in 1999? The NAB share price is also lower. That’s sixteen years with no price growth.
Rio and BHP’s share prices are lower than 11 years ago and Woolworths is lower than almost a decade ago. You might put it down to the resource cycle, disruption or poor management, but in each case I put it down to a poor definition of what a blue chip company is.You can read all of the team’s press articles through browsing our media library, view more articles here.
by Roger Montgomery Posted in Insightful Insights.
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Over the Ditch or Over the Cliff?
Roger Montgomery
April 18, 2016
It’s not hard to find people who love New Zealand – the scenery, the adventure activities and the people are all simply amazing. On one measure however it appears that New Zealand may be loved to death. Continue…
by Roger Montgomery Posted in Insightful Insights.
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How to spot the next big thing
Roger Montgomery
April 18, 2016
Some simple rules can help identify small-cap companies with big prospects. Read on for three companies that fit this framework. Continue…
by Roger Montgomery Posted in Companies, Insightful Insights.
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Arrium Limited
David Buckland
April 15, 2016
Fifteen months ago we wrote a piece on a not so favourite stock, Arrium Limited (ASX: ARI), and tried to explain why it was in such poor financial health. Continue…
by David Buckland Posted in Companies, Insightful Insights.
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