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Nick Scali’s FY24 results: resilient margins and strategic expansion despite softening sales
Roger Montgomery
August 12, 2024
Furniture retailer Nick Scali (ASX:NCK) reported its full-year results, and on most measures, the results were in line with consensus estimates. However, there were some surprises, in which an understanding of the nuances led to a reasonably optimistic conclusion for this A1 quality company. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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JB Hi-Fi: quality company, quality result and quality acquisition
Roger Montgomery
August 12, 2024
Despite cost-of-living pressures and a continual stream of consumer data reflecting a zipping up of wallets around the country amid a cost-of-living crisis, JB Hi-Fi’s (ASX:JBH) total revenue for the year to 30 June fell just 0.4 per cent to $9.6 billion. This was the result of a much stronger than expected result for the Australian business. Continue…
by Roger Montgomery Posted in Companies.
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Private Credit and the demographic tailwind
David Buckland
June 28, 2024
In this week’s video insight, I discuss the Baby Boomers looming retirement, and the importance of ensuring financial stability. With rising property costs and the need to replace lost income, finding reliable investments is essential. I highlight private credit as an option, offering the potential for returns with lower volatility. By diversifying investments, retirees can enhance their income, providing financial security throughout their retirement years. Additionally, I address how rising property prices impact young people, making it harder for them to afford homes. Continue…
by David Buckland Posted in Aura Group, Video Insights.
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Private credit transactions are everywhere
David Buckland
June 6, 2024
In this week’s video insight, I discuss the emerging prominence of private credit transactions in Australia. Following our partnership with Aura Credit Holdings two years ago, we’ve observed a growing interest in private credit as a reliable income source for investors, especially those with self-managed super funds. Recent investments by major international firms into this asset class further underscore its growing appeal. Continue…
by David Buckland Posted in Aura Group, Video Insights.
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2024 June quarter update on the Polen Capital Global Growth Fund
Polen Capital
July 30, 2024
In the June 2024 quarter, artificial intelligence (AI) remained the dominant narrative in markets. Companies perceived to be AI beneficiaries have seen their share prices markedly outperform those where the benefit appears less clear in the immediate term. Continue…
by Polen Capital Posted in Companies, Polen Capital.
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MEDIA
Ausbiz – The consumer discretionary stocks defying the gloom
Sean Sequeira
July 11, 2024
In this morning’s interview on Ausbiz, I discussed key market trends in anticipation of the upcoming U.S. and Australian reporting seasons. I highlighted the importance of the impending reporting season to support the current market momentum, emphasising the need to closely observe outlook statements and key sectors, such as consumer discretionary companies like JB Hi-Fi (ASX: JBH) and Premier Investments (ASX: PMV). I also addressed the pressures on Australian banks, including Commonwealth Bank (ASX:CBA), noting their significant contributions to market performance but also their current high valuations and need for earnings growth. Lastly, I touched on the resource sector, particularly lithium stocks, and the importance of upcoming production reports in shaping future market directions. Continue…
by Sean Sequeira Posted in Editor's Pick, TV Appearances.
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MEDIA
NSW Drive – Rising inflation and global trade dynamics
David Buckland
July 1, 2024
In last week’s interview with Jess McGuire on ABC’s NSW Drive, I discussed the current developments affecting our economic outlook. We delved into the recent rise in the inflation rate from 3.6 per cent to 4 per cent, prompting central banks to reconsider the timing of interest rate cuts, now likely delayed until late this year or early next. Additionally, I highlighted how iron ore exports to China are bolstering both our economies, reflecting on the broader implications for Australian trade partnerships. We also examined the downturn in discretionary spending, which is impacting retail and media sectors, with a notable decrease in share prices.
by David Buckland Posted in Radio.
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See you in 2026 – a bullish framework for the next 12 months
Roger Montgomery
July 26, 2024
Patience is a virtue in the investment world. It can take two to three years, or even longer, for sentiment to shift the full 180 degrees from bearish to unbridled optimism. This is because scepticism, an uneven distribution of information, and inertia ensure the path to enthusiasm is not instant but takes time. This slow shift is a normal part of the investment and market narrative, and understanding this can bring a sense of reassurance and calm to investors. Continue…
by Roger Montgomery Posted in Editor's Pick, Small Caps.
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ABC NEWCASTLE MORNINGS – Global market insights
David Buckland
June 25, 2024
In this week’s interview with Paul Turton on ABC Newcastle radio, we discussed several key financial trends and their global impacts. We covered the significant growth of the S&P 500 over the last four years, driven largely by technology stocks and the artificial intelligence revolution. We also delved into the current economic climate in Australia, examining the rising inflation and consumer price index (CPI), and how these factors are influencing discretionary spending and mortgage interest rates. Additionally, we explored the dynamics of the Chinese economy, focusing on the implications of Australia’s coal and iron ore exports to China. Continue…
by David Buckland Posted in Economics, Editor's Pick, Radio.
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Transurban’s financial results: A promising future amid the usual challenges
Roger Montgomery
August 9, 2024
Leading toll road operator, Transurban (ASX:TCL), has released robust financial results, reflecting steady growth and promising prospects. The company’s operational performance, strategic investments, and upcoming projects, such as the Westgate Tunnel and 495 North, position it for further expansion. Despite challenges like inflation and finance costs, Transurban’s solid performance and growth initiatives will mean it retains its position in The Montgomery Fund’s portfolio. Continue…
by Roger Montgomery Posted in Companies, Stocks We Like.
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Check out my latest feature on ausbiz where i answer the question, Has the AI bubble finally burst? WATCH HERE