Search Results for: thorn group
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JB Hi-Fi’s FY23 results overview
Roger Montgomery
August 14, 2023
Australian-based electronics and home appliance retailer, and consumer litmus test (not forget one of the highest quality retailers in the country), JB Hi-Fi (ASX:JBH), has unveiled its FY23 results, and it’s a mix of estimate-beating gains with some slowing trends, especially in The Good Guys division. Here’s a quick dive into the numbers and what they mean for the retailer, and possibly, its shares. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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Euronext and TMX Group: Two exchanges enjoying monopolistic connotations
David Buckland
August 8, 2023
Our global investment partner, Polen Capital, seeks to invest in high-quality companies that have strong growth potential and competitive advantages. In this article, I explore two global financial services organisations owned by the Polen Capital Small and Mid Cap Fund – Euronext and TMX Group. Continue…
by David Buckland Posted in Companies, Polen Capital, Stocks We Like.
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What can we expect from small caps this reporting season?
Michael Gollagher
August 7, 2023
As we enter reporting season, I thought it would be timely to take a moment and review four key sectors of the small companies market that will no doubt be front of mind for many investors. Continue…
by Michael Gollagher Posted in Companies, Stocks We Like.
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Why REA Group will keep delivering for investors
Roger Montgomery
August 4, 2023
As I’ve written before, I think REA Group (ASX: REA), is one of Australia’s highest quality businesses. REA’s online portal – realestate.com.au – is the go-to destination for people wanting to buy, sell or rent property, and this has led to massive earnings growth, and turbo-charged REA’s share price. Looking at the metrics of the business, I see no reason why this will not continue. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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Navigating the 2023 August reporting season: earnings estimates and market insights
Roger Montgomery
August 2, 2023
In this week’s video insight, Roger Montgomery discusses the August reporting season for 2023. Earnings estimates are uncertain, and the economy’s strength raises concerns due to inflation and higher interest rates. Company fundamentals take centre stage as macroeconomic factors recede. Continue…
by Roger Montgomery Posted in Editor's Pick, Video Insights.
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How can we ensure affordable housing?
Roger Montgomery
August 1, 2023
As I note below, solving housing affordability won’t be enough with just a massive supply of affordable dwellings rapidly built by state and federal governments. The market for these properties will have to be tightly regulated, and controlled, with continuous maintenance and updates. It’s doable, as is its financing. Continue…
by Roger Montgomery Posted in Editor's Pick, Property.
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Why returns from artificial Intelligence require real diversification
Roger Montgomery
July 31, 2023
As noted previously, artificial intelligence (AI) has been almost the sole reason any investors have taken on risk this calendar year. The NASDAQ 100 is up 42 per cent year-to-date, and its gains are almost entirely driven by the prices of just a handful of mega-cap names that investors believe will benefit directly from AI and whose diversified revenue streams are seen as defensive against an anticipated recession. Tech and AI-exposed stocks are responsible for nearly all the gains in 2023. Continue…
by Roger Montgomery Posted in Technology & Telecommunications.
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Tech rally unveiled retail investors’ long term affinity
Roger Montgomery
July 28, 2023
In this week’s video insight, Roger delves deeper into the tech rally and sheds light on the recent survey conducted by eToro, indicating retail investors’ continued favoritism towards the tech sector for the rest of the year. As earnings season unfolds, Roger analyses the justification behind the high prices of major tech companies like Microsoft, Alphabet, and Meta, emphasising their substantial investments in AI and cloud business revenues. However, the question remains: are the revenue gains from AI truly transformative or merely incremental? Continue…
by Roger Montgomery Posted in Video Insights.
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Ausbiz – Why it’s the best time to buy small caps!
Roger Montgomery
July 27, 2023
In this podcast with Ausbiz, I’m excited to share my insights on the slowing inflation rate, which could lead to a pause in interest rate hikes by the Federal Reserve. Drawing from past experiences, I predict that our current economic downturn won’t be as severe, giving us hope for a smoother recovery. I also discuss the impressive 30 per cent surge in Nasdaq’s performance and why small cap stocks look promising in the coming year. Plus, don’t miss my thoughts on the potential of Macquarie Technology Group (ASX:MAQ) in the cloud and artificial intelligence (AI) sector. Watch the interview
by Roger Montgomery Posted in TV Appearances.
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Why a U.S. recession is no sure thing
Roger Montgomery
July 27, 2023
Fears of a U.S. recession and its impact on small companies may be one reason the share prices of many small caps have been subdued over the past year. But is a recession inevitable? Possibly not, if you look at recent data. For investors, this means many quality businesses are likely trading at very attractive prices. Continue…
by Roger Montgomery Posted in Market commentary.
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Stayer’s secrets: Mercer’s top fundie
Sean Sequeira
July 26, 2023
Australian Eagle Asset Management is the top performing fund manager over a five-year period with their Equity Strategy Fund delivering an impressive return of 11.6 per cent per annum, compared to the ASX 100 Accumulation Index which returned 7.8 per cent per annum. Continue…
by Sean Sequeira Posted in Editor's Pick, In the Press, Montgomery News and Updates, On the Internet.
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Dechra Pharmaceuticals and Musti Group ride the pet boom
David Buckland
July 18, 2023
The COVID-19 pandemic emphasised the fact pets, at whatever price, have become family members. Two company enjoying this transformation are Dechra Pharmaceuticals and Musti Group. Continue…
by David Buckland Posted in Companies, Polen Capital, Stocks We Like.
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Private Credit: a smart choice
Roger Montgomery
July 17, 2023
For many years I’ve advocated investment in equities. That won’t change. I believe owning quality growing businesses is the surest way to long-term wealth creation. A quick glance at the ‘rich lists’ of the wealthiest people in Australia, for example, reveals a list of business owners. And the stock market provides investors with access to many of the very same businesses. Purchase at a rational price a portfolio of businesses whose earnings march upwards over the years, and so will the market value of your portfolio. Continue…
by Roger Montgomery Posted in Aura Group, Editor's Pick, Video Insights.
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Legacy point of sale providers are the walking dead
Roger Montgomery
July 14, 2023
I think investors in businesses that generate meaningful revenue from point-of-sale hardware terminals (EFTPOS terminals) are sleepwalking towards their own financial cliff. And my reading of some of the broker research notes, covering the relevant companies, tells me the market doesn’t understand the implications. There is therefore much more downside ahead for these businesses. Continue…
by Roger Montgomery Posted in Companies, Consumer discretionary, Editor's Pick, Financial Services.
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We’ve returned 9.6%* pa to investors without sacrificing on security. Here’s how we do it
Brett Craig
July 13, 2023
In this period of heightened volatility, above-target inflation, and rising interest rates, you need investments that aim to protect your capital as well as grow it. Quality private credit is one way of achieving this. And unlike equities, the cash rate, or other asset classes, you’re not wed to the economic cycle. Continue…
by Brett Craig Posted in Aura Group, Editor's Pick, Video Insights.
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Collins foods: Navigating challenges and seeking growth opportunities in the fast-food market
Roger Montgomery
July 6, 2023
Brisbane-based Collins Foods Limited (ASX:CKF) operates, manages, and administratively supports fast-food restaurants and food service outlets. The company’s portfolio of owned and franchised KFC outlets makes it one of the largest KFC franchisees in the world. Continue…
by Roger Montgomery Posted in Companies, Consumer discretionary, Editor's Pick.
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Macquarie Technology Group – A small company that is in the cloud
Michael Gollagher
June 29, 2023
For long term investors and followers of our Small Companies Fund (the Fund) you would be aware that one of the themes we have spoken about since the inception of the Fund is Cloud Computing. In recent weeks we have seen the market becoming quite excited about the prospect of Artificial Intelligence (AI) and its related industries. With the news focus being what this emerging technology could mean for company earnings and productivity in general. Continue…
by Michael Gollagher Posted in Companies, Stocks We Like.
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Nvidia’s share price has surged almost 200 per cent on an AI boom. But will it stay there?
Roger Montgomery
June 27, 2023
Rachel Pupazzoni published an article for ABC News discussing how seven companies have experienced significant growth compared to other stocks, collectively rising by 50 per cent year-to-date, while the rest of the companies in the MSCI US Index have remained unchanged. She draws on Roger’s thoughts on how this narrow group of companies driving the market gains is likely influenced by enthusiasm for AI and its transformative potential, although the actual extent of its impact remains uncertain. Read here: Nvidia’s share price has surged almost 200 per cent on an AI boom. But will it stay there?
by Roger Montgomery Posted in Editor's Pick, In the Press, On the Internet.
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Evidence of our predicted retail slowdown is mounting
Roger Montgomery
June 22, 2023
Over the course of the last twelve months, we have warned investors off consumer discretionary stocks, consistent with the positioning of our domestic equity funds and the posture of Brett Craig’s private credit funds, which have also been eschewing extending credit to the sector. Continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
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Why is the S&P 500 rallying amidst uncertain times?
Roger Montgomery
June 20, 2023
While our predicted 2023 stock market rally appears robust at first glance, the reality reveals a different story. Initially, pessimists expected the aggressive series of interest rate hikes in 2022 to have significant consequences. Consensus the U.S. faces a recession, led many to predict a decline in stock values. However, contrary to these expectations, the U.S. economy has continued to grow, and the S&P 500 Index, which influences global investor sentiment, has risen by over 15.3 per cent this year. Continue…
by Roger Montgomery Posted in Editor's Pick, Global markets, Market commentary.
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