December 3, 2019
Across the developed world, historically low interest rates are the new normal – not just temporary. Our latest Whitepaper points to five structural reasons driving this change. Continue…
by Andrew Macken Posted in Editor's Pick, Whitepapers.
December 3, 2019
Finding growth businesses with a long runway of opportunity, that can also grow independent of the economic cycle, can feel a bit like looking for a needle in a haystack. But we think PointsBet Holdings (ASX:PBH) is one of those businesses. PointsBet Holdings is at the ground floor of the commercialisation of legal online sports betting in the US. Its share price has doubled since June and we think there’s more growth to come. Continue…
by Gary Rollo Posted in Companies, Stocks We Like.
January 2, 2020
After recording an excellent performance in the June 2019 half-year, both the US Nasdaq and S&P 500 led the way in the December 2019 half-year with a return of 12.1 per cent and 9.8 per cent, respectively, for a return over calendar 2019 of 35.2 per cent (US Nasdaq) and 28.9 per cent (S&P 500). And this excludes dividends. Continue…
by David Buckland Posted in Economics, Market commentary.
November 26, 2019
There is no doubt that Australia’s small companies market has the ability to generate significant wealth. This is because stockbrokers don’t earn enough revenue from brokerage on small companies and therefore don’t research them, leaving them undiscovered and potentially very cheap. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.
November 4, 2019
The new low interest rate world in which we find ourselves is strange. Why does it make sense that an investor should have to pay for the privilege of lending to the German government for 20 years, for example? And yet, the yield on German 20 year bunds is negative – effectively implying exactly this. Continue…
by Andrew Macken Posted in Global markets, Stocks We Like.
December 18, 2019
Since the Global Financial Crisis (GFC) in 2008, central bankers worldwide have pursued expansionary monetary settings to buoy tepid economic growth by cutting policy rates and buying government bonds. As a result, low interest rates have been a fact of life in large developed economies for the past decade – and counting. Continue…
by Andrew Macken Posted in Whitepapers.
November 1, 2019
Avita Medical (AVH:AU) is a regenerative medical device company that produces the RECELL device for the treatment of burns. It is a company I have written about previously and whilst being a recent addition to the Montgomery fund’s portfolios, it has been one of its better performers. Given the share price appreciation in a short period of time, it’s worth reviewing the company’s operating performance and potential for further upside. Continue…
by Joseph Kim Posted in Companies, Stocks We Like.
December 17, 2019
Finance theory teaches that when you invest in a firm, your expected percentage annual return is some spread over and above the risk-free interest rate (typically viewed as the annual yield on a government bond). The size of this “spread” is proportional to the risk that you bear. Continue…
by Andrew Macken Posted in Global markets, Market commentary.
December 18, 2019
Technology was once a major competitive advantage for large companies, today that’s no longer the case, smaller companies can now compete on a level technology playing field thanks to Cloud Computing and the Digital Economy. It’s why we believe that small companies represent an attractive area for investing. Continue…
November 18, 2019
Well, what do you know – national house and apartment prices are on a tear again. Although the national median house price is not back to where it was around two years ago, there’s every chance it soon will be. And that’s good news for Australia’s property investors. Continue…
by Roger Montgomery Posted in Editor's Pick, Property.
David discusses four major factors which could be causing the low rate environment we currently find ourselves in. Watch here