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Four high quality companies
Roger Montgomery
January 15, 2019
When it comes to stocks the term ‘quality’ has many definitions. Some investors adopt a flexible approach to the definition of quality including being satisfied if quality management is running the business, a quality customer base exists, or they can identify quality assets on the balance sheet. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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Interest rates rise, asset prices fall, and cash is king again
Roger Montgomery
December 5, 2018
In recent months, interest rates have been rising globally, exerting a downward gravitational pull on the value and price of most assets. It’s a trend that’s likely to play out for some time. And that’s why it makes sense to be holding cash. Continue…
by Roger Montgomery Posted in Market commentary.
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Stocks to watch if the market over-corrects
Roger Montgomery
November 22, 2018
As Australian property prices correct, it will also drag down the value of a number of allied businesses, such as whitegoods retailers. If the market over-corrects – as it so often does – some good buying opportunities should emerge. Let’s have a look at a few businesses for your watchlist. Continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary.
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Westpac set to benefit most from revised mortgage rules
Stuart Jackson
December 21, 2018
From 1 January, the Australian Prudential Regulation Authority (APRA) will remove the 30 per cent cap on the proportion of new mortgages that can be interest only. This should benefit property owners, would-be investors, and the banks – with Westpac set to be the biggest beneficiary. Continue…
by Stuart Jackson Posted in Editor's Pick, Financial Services.
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Have the banks been pushed below fair value?
Roger Montgomery
December 6, 2018
Slowing growth and tightening profit margins, customers entering financial stress and falling asset values; It sounds like the recipe for a disastrous investment but what if the price of the investment has factored in something even worse, which failed to eventuate? Continue…
by Roger Montgomery Posted in Companies, Financial Services.
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House prices in Box Hill down 41%
Roger Montgomery
February 15, 2019
As you would well know, we have been bearish property for more than two years, warning those who feared missing out, to be extra cautious about borrowing to buy at the peak. Continue…
by Roger Montgomery Posted in Property.
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Falling house prices mean tough times for retailers
Roger Montgomery
December 14, 2018
Over the last two years, I’ve been warning that the housing price and residential construction boom would end, leaving a bit of a mess. The big question now is not whether house prices will fall further. It is which other sectors will be impacted, and to what extent? Continue…
by Roger Montgomery Posted in Consumer discretionary, Property.
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Our view on Challenger
Andreas Lundberg
February 11, 2019
At the end of January, the market took a sledgehammer to the share price of Challenger (ASX:CGF) following a trading update. Clearly, many investors did not like what they saw. But was the update really that bad? Continue…
by Andreas Lundberg Posted in Companies, Stocks We Like.
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Which stores will e-commerce hit the hardest?
Roger Montgomery
January 24, 2019
Research by UBS shows that online purchases in the US will grow to around 20 per cent of all purchases by 2022. This upward trend should also occur in Australia. But the pain won’t be equally felt by all brick & mortar stores. Some might be hit particularly hard. Continue…
by Roger Montgomery Posted in Consumer discretionary.
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Bitcoin takes a plunge
Joseph Kim
November 23, 2018
Following 3 months of relative stability, the price of Bitcoin started diving last week and crashed through the perceived $6000 per “coin” floor, and then below the psychological support level of $5000 before eventually bottoming out in the short term at $4300. Continue…
by Joseph Kim Posted in Market commentary.
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We’ve seen property falls that far exceed the national average, is your suburb on the list of the top 20 biggest falls? read here
