March 5, 2019
Is Australia’s debt-fuelled party about to end? It looks like it. National new car sales have fallen off a cliff. This new era of belt tightening poses a threat to the national economy. Continue…
by Roger Montgomery Posted in Editor's Pick, Manufacturing.
March 22, 2019
As many millennials are now reaching the age at which they start to take over the grocery shopping responsibilities, it is not surprising to observe significant growth in demand for online shopping. On the one hand, this is nothing new: we have seen the ongoing shift to online shopping across many lines of retail. On the other hand, few (if any) have successfully cracked the code for delivering groceries to the homes of online customers while also generating a profit. Continue…
by Andrew Macken Posted in Companies.
April 18, 2019
With consumer spending on the slide, I think it’s only a matter of time before we see the earnings and valuations of many retailers take a hit. And that could throw up some compelling share price bargains for patient investors. Continue…
by Roger Montgomery Posted in Consumer discretionary, Editor's Pick.
May 6, 2019
One company that recently caught our attention, that I believe is worth monitoring, is Avita Medical (ASX:AVH). AVH owns the patents and produces a medical device called RECELL, which produces a “suspension” of spray-on skin cells using a small sample of the patient’s own skin to help treat burn patients and skin defects. Continue…
by Joseph Kim Posted in Companies, Stocks We Like.
March 13, 2019
While APRA has not yet released the data for the December 2018 quarter for housing loan approvals, we can see September 2018 showed a 56 per cent decline of interest only loans approved. With investors less active and less foreign buyers, and new buyers at 17-years lows, it seems the real decline in residential building activity is yet to materialise as we look at the correlation between building approvals and building starts.
by Roger Montgomery Posted in Editor's Pick, Video Insights.
April 10, 2019
With reporting season over a month past, I thought it worthwhile to review some comments made by senior management of companies during reporting season as the noise settles down and there is a period of time to reflect on what has occurred and how things may evolve over the next 6-12 months (and longer). Continue…
by Joseph Kim Posted in Companies, Editor's Pick.
April 15, 2019
Over the past few weeks we have had the pleasure of meeting with clients and friends of the firm around Australia and New Zealand. We are fortunate to have such sophisticated advisers and investors as clients. It makes our discussions detailed and insightful. One subject of interest recently was the performance drivers of, and expectations for, long/short funds. In this article I will put some mathematics and meaning around the topic. Continue…
by Christopher Demasi Posted in Investing Education.
March 1, 2019
Roger joined Paul O’Connor the Head of Investment Management & Research for Netwealth on a podcast designed to shed some light on the investing landscape. In this episode they cover where we currently are in the economic cycle and potential opportunities for investors.
by Roger Montgomery Posted in Media Room.
February 28, 2019
For 10 years now, the S&P 500 has been on a run, soaring from under 800 points to around 2800 points. But is this as good as it gets for now? Warren Buffett seems to think so. And criticism of his recent investment decisions could signal that the market is due a breather. Continue…
by Roger Montgomery Posted in Editor's Pick, Global markets, Market commentary.
March 7, 2019
Norwegian company Equinor has just released a draft environmental plan for deep water oil drilling in the Great Australian Bight. A misstep in this project would have disastrous environmental, social and economic impacts for all Australians, which is why we think it should be rejected. Continue…
by Roger Montgomery Posted in Insightful Insights.
A conversation with one of the owners of the largest residential builders has revealed that the slowdown in construction activity has indeed commenced. read here