Investors in NIB Holdings (ASX:NHF) and Medibank Private (ASX:MPL) would have enjoyed the past six months, with the share price of both companies rising by over 20 per cent. And there may be more good news to come.
Earlier this month I wrote that Alphabet, owner of Google, had a Fortune 500 size business hidden away in its “Other” reported revenues: Google Cloud. But did you know that Alibaba, the Chinese owner of the world’s largest e-commerce platform, also has a massive cloud business?
Alibaba operates both Taobao and Tmall.
An important part of investment management is portfolio construction. Gary Rollo and Dominic Rose – two seasoned and dedicated small cap specialists – lift the lid on their investment process and how they go about weighting individual holdings in the portfolio to share insights ahead of the commencement of the new Montgomery Small Companies Fund.
In this week’s video insight Joseph provides an update on Steadfast’s FY2019 results. Steadfast reported underlying earnings before interest, tax and amortisation of $193 million, which was a 17 per cent increase on 2018.
A lot is being written about the low interest rate environment in which we find ourselves. And rightly so: we would rank this as the number one most powerful force affecting asset prices today. As for the reasons behind the interest rate dynamics we are seeing, there are many – including those related to demographics, technology and globalization.
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.
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.
If I were to characterise the domestic small cap market in just one word, it would be ‘dynamic. ’ It is truly dynamic in the sense that it is constantly changing and evolving which creates exciting opportunities for astute investors.
To invest successfully in small companies, you really need to know the people running the businesses. And in Gary Rollo and Dominic Rose, the Montgomery Small Companies Fund has two highly experienced fund managers well equipped to assess the leaders of ASX-listed small companies.
Montgomery Investment Management is pleased to announce the launch of its first Small Companies Fund under a new joint venture that welcomes respected fund managers Gary Rollo and Dominic Rose to the firm.
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.