WE ARE INCREDIBLY PLEASED TO ANNOUNCE THE MONTGOMERY SMALL COMPANIES TEAM HAVE BEEN NOMINATED FOR ZENITH’S RISING STARAWARD FOR 2022. THIS IS A GREAT ACKNOWLEDGMENT OF THE INVESTMENT CALIBRE AND TRACK RECORD GARY AND DOMINIC ARE BUILDING.
With Sean, Alan and Dan, from Australian Eagle, having now planted their feet firmly under the desks here at the Montgomery offices in Castlereagh Street, I thought it was time I share some more of the reasoning behind our partnership.
In the wash-up of the FY22 reporting season a significant amount of focus has been directed to the proportion of companies that beat, met or missed expectations. Roughly 30 per cent of companies beat analyst forecasts, slightly more than 41 per cent were in line with estimates, and the remaining 29-odd per cent missed estimates.
De-merging single or multiple operating business units into a separate entity is also known as a “spinoff”. The result: incumbent investors are frequently faced with the consequences of a company in which they own shares, rolling out one of its businesses to create a separately listed company.
The current equity market environment reflects soaring inflation, increasing interest rates and the first half of calendar year 2022 saw a double-digit decline in most major indices. The popularity of large-cap U. S. equities decreased significantly in the wake of their 2020 high point and the volatility of mid-cap and small-cap stocks has been dramatic.