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Picks & shovels

Picks & shovels

Supplying miners with the equipment they need to repair their infrastructure is now big business. In his Value.able Stocks column for Money magazine, Roger Montgomery reveals three businesses in the sector that have recently received or confirmed their A1 Montgomery Quality Rating (MQR). Read Roger’s article.

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Roger is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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2 Comments

  1. Hi Roger,

    What impact on the MCE 2011 result do you think the high $AUD will have, taking in to account 80% of their products are sold overseas?

    Obviously it makes it more difficult for the company to increase product prices in the short term.

    Also do you have a timeframe in mind when we may see a capital raising to help fund stage 2 of the Henderson facility?

    Below is an exert from a recent article published which is very positive for Matrix going forward if it comes to fruition.

    “The National Energy Board is considering forcing oil companies to drill a secondary relief well in any deepwater Arctic exploration project, as part of a review of its regulations following the BP Gulf of Mexico blowout.”

    This would lead to more oil rigs in the field and more demand for buoyancy equipment.

    • Hi Michael,

      Both are questions that I could only give you estimates on. I will forward the two questions to the company. Keep in mind that any change to profit expectations of more than 15% is usually a continuous disclosure issue. I note the announcement today that deepwater drilling in the gulf will recommence now.

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