Investor Insights

FIVE KEY THEMES FOR SMALL-CAP INVESTORS

IF YOU SIFT THROUGH THE RECENT COMPANY REPORTS, 
YOU’LL FIND COMMON THEMES ON THOSE WITH POSITIVE 
REPORTS AND/OR OUTLOOK STATEMENTS. 

 

THESE ARE THE COMPANIES FOR YOUR WATCH LIST. 

READ OUR INSIGHTS

Popular & Featured

September 2, 2019

What does life cycle investing mean?

By Dominic Rose

The small-cap universe (outside the ASX100) is vast and varied, comprising around 2,000 companies operating across a broad array of industries and ranging in size from just a few million dollars in market value to multiple billions.
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August 23, 2019

Corporate outlook statements point to a tougher year ahead

By Roger Montgomery

As the reporting season avalanche gathers pace, a few company reports have really caught our eye.  Here’s our take on reports by BHP, a2 Milk, Beacon Lighting and Worley Parsons, and what each firm is saying about their near-term prospects. BHP (ASX:BHP) BHP posted its largest annual profit in five years along with a record dividend.
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August 20, 2019

Why technology is the big advantage for small companies

By Gary Rollo

Technology once presented a major barrier to entry and often stifled competition. So what changed? We see the explosion in the cloud as a catalyst for why we believe small companies represent an attractive area of investor opportunity.
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August 16, 2019

Is Challenger undervalued?

By Andrew Macken

The share price of Challenger Limited (ASX: CGF) – Australia’s leading annuities provider – has declined by almost 50 per cent in the past 12 months. While the firm is clearly out of favour, I believe its long-term prospects could be better than the market is currently pricing in.
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Learn About Investing

In this section we explore investing basics, common themes and information to help guide your investing journey. 

The information provided is general information only. The information does not take into account your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon any information provided in this document and consider seeking advice from a financial adviser if necessary.
September 6, 2019

Five things to know about our new small companies fund

By Scott Phillips

If you’re looking for growth, then a good place to find it is among the smaller companies universe. That’s why Montgomery has decided to launch a new small companies fund focused on businesses outside the ASX100. This article is designed to share some information for would-be investors.

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September 5, 2019

Holding for the long-term

By George Hadjia

“Our favorite stock holding period is forever” Warren Buffett once mused. On the surface this might sound at odds with the adage of buy low and sell high, given the absence of any selling. It’s worth exploring what Buffett meant, and the circumstances in which it might make sense to follow this piece of advice.

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September 2, 2019

What does life cycle investing mean?

By Dominic Rose

The small-cap universe (outside the ASX100) is vast and varied, comprising around 2,000 companies operating across a broad array of industries and ranging in size from just a few million dollars in market value to multiple billions.
Read Article
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Latest Insights

September 16, 2019

The Anatomy of the Australian Small Cap Market

By Gary Rollo

We like small companies with strong growth potential, especially if they are relatively undiscovered. In this article, we share the four segments we use to classify the small-cap universe. The Montgomery Small Companies Fund has the Australian Small Ordinaries Accumulation Index as its benchmark, and currently this represents companies ranked 101 to 295 in S&P’s index size ranking system.
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September 13, 2019

Three reasons why we have held Reliance through recent price volatility

By Joseph Kim

Reliance Worldwide (ASX:RWC) has been a recent introduction to the portfolio. The company sells innovative and simple plumbing fixtures to enhance productivity and efficiency for end users. Reliance’s core product is the “Push-to-Connect” (PTC) fitting to connect two ends of a pipe, marketed under the Sharkbite brand.
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September 11, 2019

Five key themes for small-cap investors

By Dominic Rose

The smaller end of the stock market delivered a mixed bag during the recent reporting season. But if you sift through the company reports, you’ll find five themes common to those that provided positive reports and/or outlook statements. These are the companies to put on your watchlist.
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September 2, 2019

How is Healius tracking?

By Tim Kelley

Healius Limited (ASX:HLS) (formerly Primary Health Care) operates a suite of health care businesses including pathology, medical centres, diagnostic imaging and day hospitals. These are businesses that should enjoy reliable long-term growth in demand, and Healius generally has good market positions in the markets it operates in.
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Media Clips

September 18, 2019

ABC Nightlife

By Roger Montgomery

In this radio program with Philip Clark, Roger discusses the latest shake up – the near 15 per cent increase in oil on Monday. The rise came after two attacks on Saudi Arabian facilities on Saturday knocked out about 5 per cent of global supply.
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September 4, 2019

Money News 03.09.2019

By Roger Montgomery

In this interview on Money News, Roger and John Stanley question whether retailers are a bit too optimisticabout the future. The thematic seen through reporting season seems to be retailers are putting on brave faces with a deteriorating picture through lower foot traffic and less discretionary consumer spending.
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August 29, 2019

‘WeWTF?’ WeWork dream will test bulls

By Roger Montgomery

In this article for the Australian, Roger discusses the latest unicorn about to list – WeWork, according to NYU professor Scott Galloway, its claims are even more absurd than we have recently had from Uber. Read here.  
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Our Funds

Concentrated High Conviction Equities

Listed

Montgomery Global Equities Fund (ASX:MOGL)

Global
Available on the ASX as an Exchange Traded Managed Fund, invests in 15 to 30 quality global businesses for long-term capital growth with a target distribution yield of 4.5% per annum. Mirrors the strategy of the Montgomery Global Fund.
Unlisted From $25,000

Montgomery Global Fund

Global
Invests in 15 to 30 quality global businesses for long-term capital growth. Priced daily. Mirrors the strategy of the Montgomery Global Equities Fund (ASX:MOGL).
Unlisted from $25,000

The Montgomery Fund

Australia/NZ
Aims to provide long-term growth and income by investing in 20 to 40 high-quality Australian and New Zealand businesses trading at attractive valuations. Priced daily.
New Fund

Montgomery Small Companies Fund

Australia/NZ
Aims to provide long-term growth by investing in 30 to 50 high quality, undervalued, Australian and NZ small and emerging companies with strong growth potential. Priced daily.
Unlisted from $1 Million

The Montgomery [Private] Fund

Australia/NZ
Seeks to deliver absolute returns from a portfolio of high-quality Australian and New Zealand businesses. Capital preservation is paramount. By invitation only.

Alternate Equity Strategies

Unlisted from $50,000

Montgomery Alpha Plus Fund

Global
Aims to generate positive returns in both rising and falling markets. Invests in 80 to 180 global businesses expected to deliver above-average returns, while selling short a similar-sized portfolio expected to deliver below-average returns. Priced daily.
Unlisted from $50,000

Montaka Global Access Fund

Global
Aims to generate materially higher risk-adjusted returns, net of fees, than is generally available in the equities market over the medium term. Priced monthly. Provides retail investors access to the Montaka Global Fund.
Unlisted From $1 Million

Montaka Global Fund

Global
Aims to generate materially higher risk-adjusted returns, net of fees, than is generally available in the equities market over the medium term. By invitation only.