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Reporting season quick takes
Roger Montgomery
August 30, 2024
Amid a hectic reporting week, we offer the following quick takes, highlighting the results of key, high-quality companies. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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Have global carmakers sown the seeds of their own destruction in China?
Roger Montgomery
August 26, 2024
Reggae legend Bob Marley might have been channelling the Bible when he wrote the lyrics for Zion Train and famously observed, “Don’t gain the world and lose your soul; wisdom is better than silver or gold”.
Warren Buffett once famously noted, “We’ve never succeeded in making a good deal with a bad person.” Continue…
by Roger Montgomery Posted in Economics.
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ResMed delivers solid FY24 results
Roger Montgomery
August 5, 2024
ResMed (ASX:RMD) reported its June quarter and full year results after the U.S. market closed on Friday morning. The company met consensus expectations for both revenue and earnings.
ResMed’s revenue rose nine per cent to US$1.2 billion ($1.85 billion) in the last quarter of fiscal 2024, taking quarterly dividends to US$0.53 per share, up 10 per cent. Operating profit was up 38 per cent, and non-GAAP operating profit was up 30 per cent. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.
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CSL posts strong sales and profit growth
Roger Montgomery
August 19, 2024
Australian Securities Exchange (ASX) healthcare leader CSL (ASX:CSL) posted a robust 11 per cent rise in sales from US$13.3 billion to US$14.8 billion, with CSL’s Behring segment, that markets products like immunoglobulin derived from blood plasma, contributing over 70 per cent of total sales. The company also reported a 21.8 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA), a 24 per cent rise in earnings before interest and taxes (EBIT) and a 15 per cent growth in net profit for 2024, after adjusting for currency fluctuations. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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Pro Medicus: A decade of exceptional growth and sustained performance
Roger Montgomery
August 20, 2024
Ten years ago, radiology software company Pro Medicus (ASX:PME) was trading at just 86 cents. Yesterday, with a share price of $149, investors have seen their money grow over 17,000 per cent in a decade.
The company supplies software technology used by radiologists (who are extremely expensive for hospitals to employ) for medical diagnoses, which also renders them more efficient. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick.
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Can the Commonwealth Bank of Australia’s share price rally continue into FY25?
Roger Montgomery
August 16, 2024
Our domestic large-cap funds have maintained an underweight position in the banks, and even though the Commonwealth Bank of Australia (ASX:CBA) was, for a time, our largest position, being underweight in the sector has cost relative performance thanks to the Commonwealth Bank of Australia’s share price rallying as much as 23 per cent year-to-date and 35 per cent last financial year. Continue…
by Roger Montgomery Posted in Companies.
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JB Hi-Fi: quality company, quality result and quality acquisition
Roger Montgomery
August 12, 2024
Despite cost-of-living pressures and a continual stream of consumer data reflecting a zipping up of wallets around the country amid a cost-of-living crisis, JB Hi-Fi’s (ASX:JBH) total revenue for the year to 30 June fell just 0.4 per cent to $9.6 billion. This was the result of a much stronger than expected result for the Australian business. Continue…
by Roger Montgomery Posted in Companies.
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Could Gen X please stand up?
Roger Montgomery
August 14, 2024
As a Gen Xer myself, it seems the press has left us behind, sandwiched as it were, between the Baby Boomers and Millennials. So, when an article purporting to describe me occasionally appears, I sit up and take notice. What do the media and financial experts think of my generation? Did they get it right? Or are they necessarily broad generalisations that don’t apply to me or my friends? Continue…
by Roger Montgomery Posted in Economics, Editor's Pick.
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GYG exceeds FY24 forecasts, sets positive tone for FY25
Roger Montgomery
August 27, 2024
In a stellar financial performance, and in contrast to rivals, Guzman y Gomez (GYG) has significantly surpassed both its prospectus forecasts and market expectations for FY24. The fast-casual Mexican restaurant chain reported robust growth across key financial metrics, highlighting its successful strategic initiatives and strong consumer demand. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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Guzman y Gomez’s momentum shows no signs of slowing
Roger Montgomery
September 2, 2024
As we noted earlier last week, Guzman y Gomez (ASX:GYG) has wrapped up its first full financial year since going public with exceeding expectations and its prospectus guidance provided in May.
The 26 per cent increase in network sales and 48 per cent rise in underlying earnings before interest, tax, depreciation and amortisation (EBITDA), which were both slightly ahead of prospectus forecasts has prompted house broker Barrenjoey to adjust its expectations upwards. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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Check out my latest article for the Australian about the big supermarkets new ceo's making the same old mistakes READ HERE