Archive: July, 2020

July 23, 2020

Montaka's quarterly update (Q2 2020)

By Andrew Macken

The world has changed drastically over recent months and our portfolios have also been updated to reflect the new realities we face today.  With the June quarter now behind us, that rounds out an extraordinarily turbulent 12 month period. In this video update, Andrew shares Montaka’s latest thinking.
July 21, 2020

Three reasons we continue to like Woolworths

By Joseph Kim

In recent months, The Montgomery Fund has accumulated a significant position in Woolworths – it’s now one our largest positions. And we remain positive on the outlook for the company over the medium term, even after the recent rally in its share price.
July 21, 2020

Nanosonics has a long runway for growth

By Dominic Rose

It’s a testing time for investors, with so many hitherto great businesses on their knees, and others looking well over-priced. But it’s still possible to identify structural winners with a long growth runway at reasonable prices. I think one of these could be Sydney-based medical device innovator, Nanosonics (ASX:NAN).
July 20, 2020

Will Spotify be a long-term winner?

By Andrew Macken

We believe Spotify (NYSE: SPOT) is an attractive investment opportunity because it commands an improving leadership position in the structurally growing, global digital audio streaming marketplace, underpinned by its expanding reservoir of proprietary consumer preference data. Flywheel: scale, technology, and data Spotify is the world’s largest digital music and podcast streamlining platform.
July 14, 2020

Liquidity runs dry

By Christopher Demasi

When the stock market sold off dramatically in March this year the US Federal Reserve responded by pumping financial markets with liquidity for the next three months and the stock market rocketed. But the Fed’s role in financial markets has moderated recently and signals that share market investors should proceed with caution.
July 14, 2020

Our Small Companies Fund shows the benefits of active management

By David Buckland

The Montgomery Small Companies Fund, which was launched in September 2019, recently hit a record high. Since inception to 30 June 2020 The Fund has returned 3. 63 per cent,  which compares very favourably to its benchmark, the S&P/ASX Small Ordinaries Accumulation Index outperforming it by 12. 11 per cent.
July 13, 2020

The coffee can approach

By Lachlan MacKay

The coffee can investment approach is an important concept that illustrates a key factor in how we view prospective businesses. It was coined by famed advisor Robert Kirby, who discovered that one of his clients had been selectively acting on all his buy recommendations, putting away the stock certificates and ignoring any sell recommendations.
July 13, 2020

Why investors have lost their taste for Treasury Wine Estates

By Stuart Jackson

You’d think that Australia’s global winemaker and distributor, Treasury Wine Estates (ASX:TWE), would be reasonably immune to the effects of the COVID-19 pandemic. But the owner of famous brands like Wolf Blass, Lindemans and Penfolds is also feeling the pinch, with its latest trading update pointing to a tough year ahead.
July 2, 2020

Does Megaport have a bright future?

By Tim Kelley

Many readers will be familiar with the transformation being wrought in the information technology space by cloud computing. Where previously an enterprise would own and maintain all of its own computing infrastructure on-premises, increasingly, businesses are coming to view computing as a non-core activity that is best consumed as a service.
July 1, 2020

Farewell fiscal 2020, hello fiscal 2021

By David Buckland

Twelve months back, who could have predicted the world would be in the state it’s currently in?  And yet, despite the pandemic-induced turmoil, some world markets are not that far from where they were a year ago.   Here’s a quick look at the year that was. The US Nasdaq Index continued to deliver a pull-up effect, appreciating 12.

Funds

View all funds