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Will the artificial intelligence hype-cycle end?
Roger Montgomery
August 26, 2025
Since the advent of the car, railroads or electricity, few technologies have captured investor imagination quite like generative artificial intelligence (GenAI).
The debut of AI tools like ChatGPT has attracted billions in research and development (R&D) and related construction investment at the same time that share market investors have poured trillions into AI-related stocks, inflating valuations to levels that some suggest should make even the dot-com era blush. Continue…
by Roger Montgomery Posted in Market commentary.
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Reece – a tough outlook anticipated for fiscal 2026
David Buckland
August 25, 2025
The Reece Limited (ASX: REH) share price has recorded a rough year, down around 60 per cent from A$29.20 to sub A$12.00. The company reported its results for the 12 months to 30 June, and it appears pressure on the earnings before interest and tax (EBIT) margin from 7.4 per cent in fiscal 2024 to 6.1 per cent in the six months to June 2025 could continue. Continue…
by David Buckland Posted in Companies.
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America’s looming debt crisis
Roger Montgomery
August 25, 2025
Kenneth Rogoff, the American economist, chess Grandmaster, professor of international economics at Harvard University, former International Monetary Fund (IMF) chief economist and co-author of This Time is Different: Eight centuries of Financial Folly, has spent his career chronicling the anatomy of financial collapses. In his latest article for Foreign Affairs (Sep/Oct 2025), Rogoff issues a stark warning: the U.S. is flirting with a once-in-a-century debt crisis – and its current political and economic trajectory makes a crisis not just possible, but probable. Continue…
by Roger Montgomery Posted in Foreign Currency, Global markets, Market commentary.
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DAFM’s Digital Income Class is a valuable portfolio diversifier
David Buckland
August 25, 2025
In today’s volatile and uncertain market environment, many investors are looking beyond the traditional 60/40 portfolio of equities and fixed income to generate reliable returns.
There is growing interest in alternative investment strategies that can offer consistent income, lower volatility, and diversification from traditional asset classes.
That’s why we are delighted to introduce Digital Asset Funds Management (DAFM) as Montgomery Investment Management’s fifth investment partner – and the Digital Income Class, which we believe offers a compelling addition to, and a valuable diversifier within, an investor’s portfolio. Continue…
by David Buckland Posted in Digital Asset Funds Management, Montgomery News and Updates, Popular.
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Super Retail Group financial year 2025 results
Roger Montgomery
August 25, 2025
Super Retail Group (ASX: SUL), the parent company of brands like Supercheap Auto (SCA), Rebel Sport, BCF, and Macpac, just released its full-year 2025 results, delivering a strong performance and beating consensus net profit after tax (NPAT) and earnings before interest and tax (EBIT) expectations on the back of accelerating like-for-like (LFL) sales growth, better-than-expected gross margins, and tight cost control. Continue…
by Roger Montgomery Posted in Companies.
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Path forward for Australia to implement nuclear power generation
Roger Montgomery
August 24, 2025
Australia’s longstanding objection to nuclear power stems from a combination of historical, environmental, and political factors. The country has abundant uranium reserves but no operational nuclear power plants, with federal bans under the Environment Protection and Biodiversity Conservation Act 1999 and the Australian Radiation Protection and Nuclear Safety Act 1998 prohibiting their construction. Continue…
by Roger Montgomery Posted in Energy / Resources, Market commentary.
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Statewide Drive – Bitcoin surge
Roger Montgomery
August 23, 2025
This week on ABC Statewide Drive with Jess Maguire, I explained why Bitcoin has surged to fresh record highs and whether it’s truly gone mainstream or just another bubble in the making. I broke down the origins of cryptocurrency, how blockchain removes costly intermediaries, and why central bank money printing and a weaker U.S. dollar are fuelling demand for Bitcoin as a hedge alongside gold. Importantly, Continue…
by Roger Montgomery Posted in Radio.
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ARB’s financial year 2025 results and outlook
Roger Montgomery
August 23, 2025
ARB’s financial year 2025 ( FY25) results reflect a challenging environment, with a four per cent profit before tax (PBT) miss driven by lower gross margins. The Thai Baht’s strength and lower factory recoveries (more on this below) squeezed margins, a trend exacerbated by ARB’s unhedged foreign exchange (FX) exposure. However, the company’s ability to offset this through cost control – particularly a leaner employee cost base – demonstrates operational resilience. The 50-cent special dividend, backed by a net cash position and significant property assets, highlights ARB’s financial strength and management’s confidence in future cash flows. Continue…
by Roger Montgomery Posted in Companies.
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