Investor Insights

IS QANTAS A BUY AT THE CURRENT PRICE?

Investors in Virgin are not likely to see their capital again, but what of investors in Qantas? Qantas shares have recovered somewhat from the lows of March, but still trade at prices half of what they were in January.

Does this price represent an opportunity for investors, or does a changed world for airlines mean that investors should consider an exit?

READ HERE
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June 1, 2020

EML looks set to thrive as economies reopen

By Dominic Rose

EML Payments (ASX:EML) is an exciting Fintech that delivers innovative payment processing technologies to organisations operating within many industries and countries. The business has weathered the COVID-19 lockdown much better than feared, and is now ideally placed to benefit as global economies reopen and the structural migration trend towards digital payments accelerates.
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May 14, 2020

How much worse can it get for REITs?

By Gary Rollo

The COVID-19 crisis – with the accompanying lockdown – has had a severe impact on many real estate investment trusts (REITs), particularly those exposed to discretionary retailing.
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May 13, 2020

How to profit from a rebound in oil prices

By Roger Montgomery

After 30 years of investing, I’ve learned that three or four times each decade a market reaches a historic level, either high or low, that investors shouldn’t ignore. Right now, the most obvious opportunity is the historically low oil price. Investors seeking to profit from an oil price recovery have several avenues to consider.
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May 8, 2020

All you need to know

By Christopher Demasi

At the weekend Warren Buffett led the annual shareholder meeting for Berkshire Hathaway, the company that he has led for more than half a century, in front of an unpacked stadium and without his business partner and vice chairman, Charlie Munger, at his side. That is not all that was different about this year’s event.
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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.
May 21, 2020

Where models fail

By George Hadjia

At Montaka we consider ourselves value investors. That is, we aim to buy a dollar of value for less than it is worth. Inherent in this approach is estimating the intrinsic value of an investment, and we use financial models to achieve this.
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April 8, 2020

Part I: How reliable is Total Addressable Market (TAM) analysis?

By Amit Nath

A helpful mental model that we often incorporate into our research process at Montaka Global is Total Addressable Market (TAM) analysis. Through this process, we attempt to estimate how large the revenue opportunity is for a particular business. However, the picture isn’t quite as linear as it sounds. For example, take the advertising industry as it currently stands.
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Latest Insights

June 1, 2020

EML looks set to thrive as economies reopen

By Dominic Rose

EML Payments (ASX:EML) is an exciting Fintech that delivers innovative payment processing technologies to organisations operating within many industries and countries. The business has weathered the COVID-19 lockdown much better than feared, and is now ideally placed to benefit as global economies reopen and the structural migration trend towards digital payments accelerates.
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May 28, 2020

Avita Medical – a small cap with big potential

By Joseph Kim

Around 12 months ago, we noted that Avita Medical (ASX:AVH) – which provides a novel approach to skin regeneration – was a business worth keeping tabs on.   Although its share price has felt the effects of the COVID-19 market sell-off, our positive view of the company has not changed.
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May 26, 2020

Why I don’t expect a V-shaped recovery

By Roger Montgomery

The massive dislocations caused by the coronavirus pandemic are having only a temporary impact on stock markets, which are pricing in a V-shaped income, earnings and economic recovery.
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Media Clips

June 1, 2020

What will stop the market returning to its highs?

By Roger Montgomery

In this article for Firstlinks Roger questions whether the markets have gone too far too soon.  Even as we talk of post-COVID-19 conditions, we are not yet certain the pandemic is under control, but it seems markets don’t need the problems to be solved and concluded, they merely need the worst to be behind them. Read here.
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May 27, 2020

Gary Rollo on Talk Ya Book - A sector exposed to huge tailwinds

By Gary Rollo

Gary joined Chris Judd on Talk Ya Book to discuss a sector that is exposed to huge tailwinds and specifically a holding in the Montgomery Small Companies Fund, Macquarie Telecom. You can watch the 20-minute interview below. The Montgomery Small Companies Fund owns shares in Macquarie Telecom.
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May 25, 2020

Super funds inject $30 billion into coronavirus recovery

By Roger Montgomery

Killian Plastow published an article in The New Daily discussing how Australia’s Industry Super Funds plan to drive the nation’s economy and grow member’s savings. Killian mentions Roger’s view that it’s clear Australian companies are once again searching for additional funds after raising over $21 million since February. Read here.
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April 29, 2020

ABC Nightlife - Is the worst over?

By Roger Montgomery

In this episode of ABC Nightlife Roger joined Philip Clark to discuss if the worst of the coronavirus sell off is over. If you’re an investor looking to dip your toes back into the market you may be wondering where to find bargains and what you should be wary of. You can hear more here.
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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.
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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).
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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.
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Montaka Global 130/30 Fund

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Provides the opportunity to benefit from both the gains of extraordinary businesses and the declines of deteriorating businesses through a global equity active extension strategy, which has the potential to significantly outperform the broader equities market over time. Seeks to generate double-digit annual average returns, net of fees. Daily priced.
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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.
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