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I am somewhat aghast to read of the latest tweet from the Chinese embassy in the United States. It reminds me of a disturbing historical pattern of conflict and caused me to consider the similarities with past pre-war triggers. Continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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Seasoned equities investors are always prepared for the rollercoaster ride that markets can deliver, but the post-U.S.-Presidential-election period has delivered a particularly dizzying ride, especially for those riding the ‘Trump Bump’. Is it over? Continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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CSL (ASX:CSL) has posted its half-year results, delivering results that are best described as mixed. At the headline level, revenue climbed around five per cent, while net profit after tax and amortisation (NPATA) also nudged upward in the low single digits. Beneath these top-line numbers, the company reported a robust rebound in plasma collections, which was offset by weaker sales of its Seqirus influenza vaccines. Despite these mixed signals, management has reaffirmed guidance for FY25, projecting 10-13 per cent NPATA earnings per share (EPS) growth and a five to seven per cent lift in revenue. Continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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In this week’s video insight, we launch our two-part series on ‘investing in gold’. In this episode I explore commentary from a few prevalent gold bulls. Continue…

by Roger Montgomery Posted in Video Insights.

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Here’s something curious: the American Association of Individual Investors (AAII) – an organisation with over 160,000 members – has a sentiment survey that offers insight into the opinions of individual investors by asking them their thoughts on where the market is heading in the next six months. They have been conducting the weekly survey of members since 1987.  Continue…

by Roger Montgomery Posted in Market commentary.

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With reporting season coming to an end, companies listed on the Australian Securities Exchange (ASX) have released their half-year results, offering insights into their financial performance and strategic direction. I have summarised the results of seven companies, highlighting key earnings surprises, market reactions, and potential opportunities for investors.  Continue…

by Roger Montgomery Posted in Companies.

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Nick Scali Limited (ASX:NCK), a holding in the Montgomery Small Companies Fund has released its half-year 2025 (1H25) results. Despite the mixed headline picture, Nick Scali’s 1H25 results outperformed consensus estimates. Continue…

by Roger Montgomery Posted in Companies, Small Caps, Stocks We Like.

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For years, we’ve been fed a whimsical story that battery electric vehicles (BEVs) are on an unstoppable march to dominate our roads – spurred on by ambitious government targets, subsidies, that hydrocarbons are evil, and a steady drumbeat of headlines proclaiming that “electric is the future.” Continue…

by Roger Montgomery Posted in Manufacturing.

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In this week’s video insight, I discuss how investors can potentially improve the return on their liquid assets by incorporating private credit in their portfolios. 

Following the Reserve Bank of Australia’s (RBA) recent interest rate cut, Aura’s two private credit funds – the Aura Core Income Fund and the Aura Private Credit Income Fund – currently deliver higher yields when compared to traditional term deposits. Continue…

by David Buckland Posted in Aura Group, Video Insights.

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The U.S. is a flawed country, but many believe, as the New York Times’s David Brooks noted, is fundamentally a force for good. Citing the Marshall Plan, the defeat of fascism, and the defeat of the Soviet Union, as examples, and acknowledging Iraq and Vietnam, as mistakes of stupidity, naïveté and arrogance, Brooks believes the U.S. has always been well-intentioned. Continue…

by Roger Montgomery Posted in Economics.

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