• IMDEX could be set for a significant step-up in earnings growth. Hear directly from incoming CEO Paul House in this video: watch here

The unicorn fairy tale is over

25092019_Unicorn

The unicorn fairy tale is over

When a private-equity-backed start-up reaches a billion-dollar valuation – a valuation simply decided and agreed on by the owners of the business – it’s called a unicorn. This title refers to the rarity of such creatures. But the fact is, unicorns are only found in fairy tales. And many of today’s corporate unicorns shouldn’t exist either.

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Roger is the Founder and Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment and financial market experience, knowledge and relationships to bear in his role as Chief Investment Officer. 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.

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