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Navigating success: Inside Seven Group Holdings
Dominic Rose
December 1, 2023
In this week’s video insight, David Buckland and I discuss Seven Group Holdings (ASX: SVW), an Australian operating and investment group in the media, mining and construction industry in which the Montgomery Small Companies Fund holds a substantial stake. We spotlight the remarkable alignment between the Stokes family’s leadership and investors’ interests, emphasizing Seven Group’s astute counter-cyclical investment strategy. Additionally, we explore their recent strategic acquisition of Boral (ASX: BLD), shedding light on their concerted efforts to enhance operational efficiencies and bolster margins. Catch the full discussion here. Continue…
by Dominic Rose Posted in Companies, Stocks We Like, Video Insights.
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Temple & Webster’s share price soars following its AGM update
Roger Montgomery
November 30, 2023
As we monitor the behavior of the Australian consumer, it’s crucial to acknowledge that consumption constitutes approximately 50 per cent of Australia’s GDP, significantly influencing decisions related to interest rates. The robust trading update presented during the annual general meeting (AGM) by Temple & Webster Group (ASX: TPW), an online retailer specialising in furniture and homewares, prompts thoughtful consideration. Continue…
by Roger Montgomery Posted in Companies, Market commentary.
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ABC The Business – Munger’s legacy, U.S. rates, and RBA predictions
Roger Montgomery
November 30, 2023
In this week’s interview on ABC The Business, we delved into the recent developments surrounding Charlie Munger’s passing, the shifts in U.S. rates, and the premature assumptions made by investors about next year’s anticipated downward movements. Additionally, we explored the Reserve Bank of Australia’s insights on rates and their potential future trajectory. To catch the complete discussion, simply jump to the 11:50-minute mark in the episode published on November 29. ABC The Business – Munger’s legacy, U.S. rates, and RBA predictions
by Roger Montgomery Posted in Global markets, TV Appearances.
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Transferring the pain from the levered Chinese property developers to the banks
David Buckland
November 30, 2023
As China reflated its economy in 2015, we saw a massive five-to-six-year tailwind assisting the property boom. Speculation and strong property prices led to over-supply, and the eventual carnage experienced by most highly levered Chinese property developers over the past two years. Continue…
by David Buckland Posted in Global markets, Property.
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Should we expect continued softness in retail sales?
Roger Montgomery
November 29, 2023
Unsurprisingly, consumer spending dominates all other categories and contributors to economic growth in a consumption-based economy such as Australia’s. Australia’s private consumption accounted for 49.8 per cent of nominal gross domestic product (GDP) in the June 2023 quarter. Australia’s private consumption contribution to the Nominal GDP ratio, which is updated quarterly, from Sep 1959 to Jun 2023, averaged a 56.2 per cent share. Continue…
by Roger Montgomery Posted in Consumer discretionary, Market commentary.
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The RBA acknowledges boomers win and mortgagees lose
Roger Montgomery
November 29, 2023
Central banks across the globe find themselves in a challenging predicament, and our own Reserve Bank of Australia (RBA) faces a particularly delicate situation. In Australia, an intricate interplay of demographics and home ownership dynamics creates a paradox where those who bear the brunt of rising interest rates are not the ones fuelling the inflationary fire through their spending habits. Continue…
by Roger Montgomery Posted in Economics, Editor's Pick, Market commentary.
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Why I believe REA Group is one of Australia’s highest quality businesses
Roger Montgomery
November 28, 2023
I believe REA Group (ASX:REA), is one of Australia’s highest-quality businesses. REA Group’s online portal – realestate.com.au – is the go-to destination for people wanting to buy, sell or rent property. Price rises in all property related areas have led to substantial revenue and earnings growth and have turbo-charged REA Group’s share price. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Property, Stocks We Like.
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Insights from the Australian Securitisation Forum
Brett Craig
November 27, 2023
Last week the team attended the Australian Securitisation Forum. The event is held annually and brings together the leading industry bodies, representing participants in the securitisation and covered bonds markets. Continue…
by Brett Craig Posted in Aura Group.
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