Should you be keeping an eye on Bingo Industries?
In this week’s video insight Roger takes a look at Bingo Industries. We’ve been eagerly anticipating a downgrade for this company given the outlook for the construction industry although at their recent AGM they forecast an approximate 50 per cent increase in EBITDA over the next financial year. So what’s their outlook?
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Peter Gregory
:
If I have $10K to invest in international equities, should I buy MOGL or should I buy into the Montgomery Global unit trust? What are the pros and cons? Are the returns the same?
Roger Montgomery
:
Hi Peter, we are unable to offer advice. Each offers a different path to access essentially the same fund. Keep in mind MOGL seeks to emphasise income a little more with its targeted distribution yield.
John
:
Roger your thought that one needs to be careful about construction figures is of course sound.
Though Bingo might lose some business if construction drops they might gain some business from the shoddy construction that has been done. The waste generated from tearing down and replacing cladding and so on. I am not sure how much waste is generated from this refitting process compared to building though – presumably less.