Search Results for: thorn group
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Adairs – real estate turnover AND slowing consumption
Roger Montgomery
June 17, 2023
The Australian homewares retailer Adairs Limited (ASX:ADH), is currently confronting the forces associated with a slowdown in foot traffic at its stores and a decline in online traffic due to declining consumption and falling turnover in residential real estate. Continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
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Will increased migration boost car sales and auto stocks?
Roger Montgomery
June 16, 2023
The surprising jump in house prices – surprising because it comes amid rising interest rates – has been put down to a lack of supply and accelerating immigration. By the same token, immigration should also lead to a boost in car sales. Could this have a positive effect on the fortunes of companies like AP Eagers (ASX:APE), Carsales (ASX:CAR) and Autosports Group (ASX:ASG)? Continue…
by Roger Montgomery Posted in Companies.
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Thinking about retailers right now?
Roger Montgomery
June 14, 2023
Australian consumer-facing companies have faced unprecedented challenges and undergone significant transformation since the bushfires of 2019. From the profound impacts of the COVID-19 pandemic to violent mix-shifts from goods to services, and digital advancements, the sector has navigated a complex landscape. Continue…
by Roger Montgomery Posted in Consumer discretionary.
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Australian consumers tighten their collective belt (Part 2)
David Buckland
June 7, 2023
Twelve interest rate increases to the RBA’s official cash rate to 4.10 per cent (as at 6 June 23), in combination with a large portion of fixed mortgages transferring to a variable rate, has impacted Australian consumers and we’ve seen several discretionary retailers use the “confession season” to downgrade their profit expectations. Continue…
by David Buckland Posted in Consumer discretionary.
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Universal Store’s share price plunges after trading update
Roger Montgomery
May 29, 2023
Sentiment remains extremely tentative. Good news is met with share price gains of one or two per cent but disappointment is met with market capitalisations falling by a quarter or more in a single day. That sentiment met Universal Stores (ASX:UNI) last week, as it released its trading update, which also offered insights into consumer behaviour and guidance for its Full Year 2023 result. Continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
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The Reserve Bank of New Zealand leads the way….again
David Buckland
May 24, 2023
The Reserve Bank of New Zealand (RBNZ) is determined to crush inflationary expectations, with their 12th increase in official cash rates in the 19 months since 6 October 2021 from 0.25 per cent to 5.50 per cent. Continue…
by David Buckland Posted in Global markets.
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Not safe to re-enter still shark-infested (retail) waters
Roger Montgomery
May 24, 2023
Since rates commenced rising, we have been tracking the consumer closely, waiting for the inflection point where inflation and higher mortgage commitments meet the end of government financial support and savings dry up. Continue…
by Roger Montgomery Posted in Consumer discretionary, Editor's Pick.
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Two stocks we currently like
Gary Rollo
May 19, 2023
In this week’s video insight I joined Montgomery’s head of distribution Scott Phillips to discuss two stocks we currently hold in the Montgomery Small Companies Fund including insurance broking, underwriting agency and risk management businesses AUB Group (ASX:AUB) and lithium producer Allkem (ASX:AKE). AUB Group falls into the category of stable compounders, those businesses with defensive growth characteristics. And we think Allkem is very attractive in the lithium sector. Continue…
by Gary Rollo Posted in Editor's Pick, Stocks We Like, Video Insights.
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REA Group continues to deliver for long-term investors
Roger Montgomery
May 17, 2023
Since listing in 1999, the share price of REA Group (ASX:REA) – Australia’s leading online property portal – has risen from around 50 cents to around $140. So you’d have been far, far better investing in REA than in the property market that it serves. REA continues to be one of the highest quality businesses on the ASX, and a slightly underwhelming third-quarter trading update has not changed my opinion of the company’s prospects. Continue…
by Roger Montgomery Posted in Companies, Property, Stocks We Like.
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Impressive outperformance from the Australian Eagle Trust Long Short Fund
Roger Montgomery
May 9, 2023
On behalf of their clients, advisers, researchers and consultants appear to be taking notice of the returns Sean Sequeira, Alan Kwan, Daniel Chan and the team are generating in the Australian Eagle Trust Long Short Fund. Continue…
by Roger Montgomery Posted in Montgomery News and Updates.
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March quarter update on the Polen Capital Global Small and Mid Cap Fund
Polen Capital
May 5, 2023
On the back of an unprecedented, macro-driven environment in 2022, the first quarter of 2023 has proven no less volatile. While plenty of uncertainty remains, particularly surrounding economic growth, the trajectory of interest rates, and the subsequent impact on financial markets, global equity markets started the year in positive territory. Continue…
by Polen Capital Posted in Polen Capital.
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Companies the Polen Capital Global Small and Mid Cap Fund bought and sold in the March quarter
Polen Capital
May 2, 2023
As expected, during periods of heightened volatility and a shifting economic environment, we are refining the Portfolio opportunistically. This includes initiating positions in companies that have been unfairly punished by investment markets, and taking profits by trimming companies that have held up well and those that we believe have lower return expectations going forward. Continue…
by Polen Capital Posted in Polen Capital, Stocks We Like.
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Why Australian Eagle believes CSL is a ‘dream company’
Sean Sequeira
April 27, 2023
CSL Ltd (ASX:CSL) – which labels itself as a multinational specialty biotechnology company – has long been one of the stars of the Australian market. Since listing in 1994, CSL has not missed a beat, with its share price soaring a massive 25,000 per cent. It’s a long-term holding in the Australian Eagle portfolio and, with great management and a solid growth outlook, we continue to like what we see.
by Sean Sequeira Posted in Companies, Editor's Pick, Health Care, Insightful Insights.
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Takeovers take the market stage
Michael Gollagher
April 21, 2023
In my blog post last month, ‘Volatility is the window to opportunity’ I discussed how recent market volatility may represent an opportunity for investors to take advantage of investing in quality long-term assets and distressed assets at significant discounts. Interestingly, it did not take market participants too long to recognise these opportunities and to act on them. Continue…
by Michael Gollagher Posted in Companies, Insightful Insights, Market commentary, Takeovers.
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Stocks we like in the EV space
Gary Rollo
April 17, 2023
In this week’s video insight, Scott Phillips our Head of Distribution joined Gary Rollo, Portfolio Manager for the Montgomery Small Companies Fund to discuss the difference between producers and developers in the electric vehicle (EV) sector and share some companies they think have bright prospects. Continue…
by Gary Rollo Posted in Companies, Stocks We Like, Video Insights.
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After losing its froth, is Breville a ‘buy’ once more?
Roger Montgomery
April 14, 2023
I’ve followed Breville Group (ASX: BRG) – which makes and markets home appliances such as coffee makers – for a long time. And I’ve always been impressed by the firm’s management, approach and execution. With the current share price around 40 per cent off its highs, and the company trading on a retailer-type price to earnings (P/E) ratio, I think there’s an opportunity for investors to buy this quality business at an attractive price. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.
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How to manage risk in your portfolio
Sean Sequeira
March 24, 2023
Most of us tend to be better at buying and holding stocks than we are at selling. After all, buying is the fun part – it’s when optimism is kicking in. But knowing how to sell is just as important when it comes to your returns. Because recycling capital into higher quality stocks with a lower downside risk is how you improve the quality of your portfolio. Continue…
by Sean Sequeira Posted in Companies, Editor's Pick, Investing Education.
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Aura Private Credit: Letter to investors 10 March 2023
Brett Craig
March 14, 2023
The RBA is “resolute in its determination to return inflation to target and will do what is necessary to achieve that.” Last week’s 25 basis point rise to the official cash rate, now sitting at 3.6 per cent, forms part of the RBA’s approach to reign inflation back into the 2-3 per cent target range, implying that further pain is ahead. Continue…
by Brett Craig Posted in Aura Group.
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Is QBE finally back on track?
Sean Sequeira
March 9, 2023
Just a cursory glance at the share price history of QBE Insurance Group (ASX:QBE) is enough to scare most investors away. After hitting a high of around $34 back in 2007, the stock has more than halved to around $15. But a new management team seems to be steering the business in the right direction, and many analysts see QBE as a turnaround story. Continue…
by Sean Sequeira Posted in Companies, Editor's Pick, Stocks We Like.
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For travel stocks, it’s up, up and away
Roger Montgomery
February 27, 2023
If you’ve travelled lately and felt stung by the big increases in airfares and accommodation prices, you might think about ‘revenge investing’ in some travel companies. Because, since the post-pandemic re-opening, many – like Flight Centre and Qantas – have seen a big increase in patronage, profits and share price. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like, Tourism.
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