Archive: July, 2022

July 21, 2022

Why did Megaport’s share price jump 23%?

By Gary Rollo

  Megaport (ASX:MP1) was the ASX’s star performer yesterday jumping 23 per cent on the close following a trading update that clearly surprised many in the market. I joined Roger to discuss why it is a holding in the Montgomery Small Companies Fund and identify the two big messages in the release yesterday.
July 21, 2022

Investing in the age of transformation

By Polen Capital

Over the past two years, the evolution of the pandemic has been the leading force dictating the path of the global recovery. Despite the many challenges still present, Polen Capital believe that several secular trends that were already in motion before COVID-19 will continue to shape the world around us and play an important role in defining tomorrow’s leading businesses. In this whitepaper, Polen Capital look at what they view as some of the most important secular growth themes that may reshape the world over the next decade.

July 20, 2022

Could a credit crunch be more important than a recession?

By Roger Montgomery

I have just penned my next column for The Australian Wealth section this weekend. In the article I explain how different definitions of recession are common and yet largely irrelevant for today’s equity investor. Some say its two quarters of negative growth. If that’s the case, then the Atlanta Fed’s GDPNow tool is predicting the U. S.
July 18, 2022

Spark deals shows infrastructure is still in high demand

If you’re looking for a solid investment with stable and predictable cashflows, you could do worse than explore listed infrastructure assets.   This conclusion was hammered home to me yet again by the news that Spark New Zealand (SPK:ASX) is selling 70 per cent of its passive tower infrastructure company for a pretty tidy sum.
July 13, 2022

Dirty little thing called growth and why I think Symbio is good value

By Gary Rollo

Like in most market downturns, small cap growth stocks are being punished hardest by a market that now views growth as a dirty word. This is great news for investors, as it creates opportunities to invest in businesses whose share price decline is due to changing sentiment rather than deteriorating fundamentals.
July 11, 2022

When will growth companies get their (share price) mojo back?

By David Buckland

Continuing with the thematic of Earnings Per Share (EPS) growth combined with severe P/E compression, delivering the worst June half-year returns for many U. S. Indexes over several decades, I thought it’s appropriate to do a deep dive into the Polen Capital Global Small and Mid Cap Fund.
July 8, 2022

Is it time to hit the ‘buy’ button?

By Roger Montgomery

If there’s one investing axiom to hang your hat on, it’s this: the lower the price you pay, the better your returns over the longer term. With the price-to-earnings (P/E) ratios of many high quality businesses compressing, I therefore think it’s time for long-term investors to buy while so many others are fearful.
July 6, 2022

What to make of the May retail sales figures

The Australian Bureau of Statistics has just released retail sales figures for the month of May.  Contrary to market expectations, sales remained strong. But is this as good as it gets before rising living expenses eat into discretionary spending? Or will the build-up in pandemic-related household savings, and our strong labour market, continue to drive growth in consumer spending?

July 5, 2022

How much would higher immigration rates help equity markets?

By Roger Montgomery

  In this week’s video insight Roger discusses how the fate of equity markets now hinges materially, but not solely, on the employment picture and the how central banks navigate the very serious choice they have to make between inflation or recession. Transcript  Roger Montgomery: Immigration.
July 4, 2022

Aura High Yield SME Fund: Letter to Investors 01 July 2022

By Brett Craig

The RBAs July monetary policy decision will be made on Tuesday, with markets pricing in a 50 basis point rise, according the ASX RBA Rate Tracker. The RBA Rate Indicator run by the ASX aims to demonstrate market expectations of the change in the cash rate.


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