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Farewell 2024, hello 2025
David Buckland
January 2, 2025
The Magnificent Seven (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla), which rose by an average 111 per cent over calendar 2023, continued the strong upward trajectory, increasing a further 63 per cent, on average, over calendar 2024.
Continue…by David Buckland Posted in Market commentary.
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Kmart and chemicals (not Bunnings) powers Wesfarmers result
Roger Montgomery
February 20, 2025
Wesfarmers (ASX:WES) delivered a solid set of half-year results for financial year 2025, exceeding market estimates at the earnings-before-tax (EBT) level and marginally at the top line. Strong performances by Kmart and WesCEF (chemicals, energy and fertilisers) drove the positive surprise, while Bunnings met expectations. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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The Commonwealth Bank of Australia’s stellar result
Roger Montgomery
February 14, 2025
The largest position in The Montgomery Fund’s portfolio, at almost eight per cent of the portfolio, is the Commonwealth Bank of Australia (ASX:CBA), purchased back when the price was below $78 per share. This week, the company released its December half-year profit results, revealing a business reinforcing and extending its competitive advantages in a fiercely competitive market. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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Has China just burst an AI bubble?
Roger Montgomery
January 28, 2025
You gotta love it when a party ends and the lights come on. Blinking and adjusting to the bright lights, you begin to see clearly that which was previously blurry and obscured.
One of the most repeated mistakes equities investors make is the assumption that their poster-child industry leader will always remain so. Nobody ever seems to assume that competitors will emerge and take a significant share from the first mover. That failure leads to sky-high price-to-earning (P/E) ratios and unrealistic pricing. Continue…
by Roger Montgomery Posted in Companies, Technology & Telecommunications.
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A year of resilience and strategic evolution
Brett Craig
December 23, 2024
As the global economic landscape navigated another year of heightened uncertainty and subdued conditions, Aura Credit Holdings remained steadfast in its commitment to delivering value, adapting to change, and laying the groundwork for future growth. Continue…
by Brett Craig Posted in Aura Group.
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ARB Corporation: from local manufacturer to global 4×4 powerhouse
Roger Montgomery
February 20, 2025
From the first days of this blog, back in 2009/10, we have been writing about ARB Corporation (ASX:ARB), classifying it as one of the highest ‘A1’ quality companies listed on the ASX. Back in 2009, the share price was below $3.00 (and many thought it was on a high price to earnings (P/E) ratio then!). Today, ARB shares trade at nearly $40 dollars, and it’s paid out $7.62 in dividends since. Continue…
by Roger Montgomery Posted in Companies, Small Caps, Stocks We Like.
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February 2025 reporting season calendar
Roger Montgomery
January 30, 2025
As February’s reporting season kicks off, investors are keenly focused on company profits as ASX-listed companies release their half-year financial results. During this time share price movements can be frequent, with some potential for noticeable fluctuations, particularly if results come in below expectations. Continue…
by Roger Montgomery Posted in Companies.
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Why Wall Street shares should continue their winning ways in 2025
Roger Montgomery
January 28, 2025
The American sharemarket continues to prove its resilience heading into 2025, despite periodic bouts of volatility that have stirred concerns among investors.
Although recent Federal Reserve statements about slowing the pace of future rate cuts prompted a swift market pullback and led to higher bond yields, many analysts believe any downturn will be short-lived.
by Roger Montgomery Posted in In the Press.
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Qantas reports surge in half-year profits and resumes dividends
Roger Montgomery
February 28, 2025
Qantas (ASX:QAN) has posted a significant rise in half-year profits, demonstrating continued momentum in the airline’s post-pandemic recovery. The company reported an underlying profit before tax of $1.39 billion, an 11 per cent increase compared with the same period last year. Statutory profits also climbed by 6 per cent, reaching $923 million. Continue…
by Roger Montgomery Posted in Companies.
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Some selling is on the way
Roger Montgomery
February 3, 2025
First, it was DeepSeek, and now it’s tariffs. Investors will need to endure more volatility, while those hoping for cheaper prices to enter the market might have their wish granted this week.
You might not think Trump’s imposition of tariffs on imports from Mexico, Canada and China has anything to do with your Australian equity portfolio but think again. The next few days could see markets move materially. Continue…
by Roger Montgomery Posted in Economics, Market commentary.
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