Archive: April, 2021

April 28, 2021

Value and Growth: Two sides of the same coin

By Roger Montgomery

One of today’s big debates is whether share markets are falling out of love with so-called ‘growth’ stocks and falling back in love with ‘value’ stocks. It can be worth paying attention to broad shifts in sentiment, but I think there is little utility in trying to divide stocks into these two arbitrary categories.
April 27, 2021

A review of the Polen Capital Global Growth Strategy for the March 2021 Quarter

By David Buckland

Since inception on 1 January 2015, the Polen Capital Global Growth portfolio has delivered an annualised return of 16. 2 per cent, in Australian Dollars, in the 6. 25 years to 31 March 2021. Relative to the MSCI All Country World Index, in Australian Dollars, this is 4. 9 per cent average annual out-performance, on an after expenses basis.
April 23, 2021

What to expect from the upcoming bank results

The major banks will release their results over the next couple of weeks. Having generally lagged the market over the last few years, the bank stocks have been relative winners in the last six months as fears around bad debts eased.
April 22, 2021

Why we think NSR is an exceptional REIT

By Gary Rollo

The real estate investment trust sector is not a traditional hunting ground for the Montgomery Small Companies Fund. REITs tend to be passive asset owners or rent collectors. So they’re not a natural fit for our philosophy of investing in talented management teams that can generate compounding wealth for our investors. But National Storage REIT (ASX:NSR) is an exception.
April 20, 2021

Five key stocks in our Small Companies Fund

By Roger Montgomery

The Montgomery Small Companies Fund is diversified across the spectrum of growth. It includes Stable Compounders, Tactical Opportunities, and Structural Winners. In this blog, I set out our key holdings in each of these categories.

April 19, 2021

Where next for Telstra?

In June 2018, Telstra (ASX:TLS) announced its Telstra2022 strategy, aimed at simplifying its operations and product set and reducing its cost base.
April 13, 2021

What you need to know about NFTs and the blockchain

By Roger Montgomery

Move over cryptocurrencies. There’s a new kid on the block(chain) – non-fungible tokens (NFTs). And if you’re an investor, you need to know about them. Because there is real money being spent, and fortunes being made. For some people, cryptocurrencies represent all that is wrong with unbridled capitalism, ultra-low interest rates, investor behaviour and even millennials.
April 9, 2021

Inditex, and the return to work boost

By David Buckland

Inditex is a Spanish multinational clothing company with 6,800 stores in 96 markets worldwide. Like most clothing retailers, revenue in the year to February 2021 was hard hit by COVID-19. Pleasingly, online revenue jumped 77 per cent.

April 8, 2021

How to profit from the boom in batteries

By Roger Montgomery

According to Roskill Information Services, demand for lithium-ion batteries will increase more than ten-fold over the decade to 2029. This will inevitably lift demand – and prices – for the minerals required to make the batteries. And this should put some Australian miners in the box seat to profit from the next energy revolution.


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