Archive: September, 2023

September 28, 2023

The rise of uranium and the opportunity for small cap investors

By Michael Gollagher

Australian small companies can provide investors with opportunities to tap into global themes that we believe will drive investment returns in the future. One of these is what is the most effective solution for achieving decarbonisation in electricity production.
September 27, 2023

Tuas still growing at a strong clip in Singapore

By Roger Montgomery

Back in June we provided an executive summary and results update for Tuas Ltd (ASX: TUA), the David Teoh-led Singapore mobile phone service provider spun out of the merger between TPG and Vodafone in 2020 and formerly known as TPG Telecom Pte Ltd (TPG Singapore).
September 26, 2023

The investment thesis behind Workday - A holding in the Polen Capital Global Growth Fund

By David Buckland

In this week’s video insight I joined Damon Ficklin, Head of Team and Portfolio Manager from Polen Capital to shed some insight into the strategy behind the Polen Capital Global Growth Fund. Damon highlights how the Fund invests across the growth spectrum owning companies like Amazon or Workday, higher growth businesses although it is also happy to own companies on the other end of the spectrum like a L’Oreal or an Abbott Laboratories. Damon also shares how the investment thesis behind Workday and why it is currently a holding in the Fund.

September 18, 2023

Economic insights from reporting season

By Roger Montgomery

In this week’s video insight, I review the question of whether a recession is imminent. There has been no shortage of talks of a recession lately, although if we dive deeper into what we have seen in markets over August and September a compelling counterpoint to this narrative is visible.

September 14, 2023

Is Tesla just another car company?

By Roger Montgomery

In the ever-evolving landscape of the automotive industry, few companies have captured the world’s attention quite like Tesla. Thirteen years ago, electric cars were synonymous with virtue signalling rather than high-performance excitement. However, Tesla disrupted this perception, transforming electric vehicles into something thrilling and aspirational.
September 13, 2023

Navigating the FY23 reporting season: Tech and retail sector highlights

By Roger Montgomery

In this weeks’ video insight, I wanted to highlight some key takeaways from the reporting season, especially in the tech and retail sector. Retail’s results were mixed, with earnings per share declining in the second half of 2023. Predictions for fiscal year 24 and 25 estimates saw a slight downturn. In the tech sector, performance met expectations, with a noticeable focus on tech companies’ downgrading due to depreciation and amortisation, and capex concerns with a focus on cash flow and the underestimation of rising interest rates.

September 13, 2023

10 reasons to consider private credit

By Roger Montgomery

Fifteen years ago, many of my friends were in their early to mid-fifties. With retirement still a long way off, and living their best lives, the volatility of the stock market was something to be endured, if not salivated over, because it was the price to pay to create serious wealth. That belief remains true today.
September 7, 2023

The Montgomery Small Companies Fund has had a cracking few months

By Gary Rollo

In this week’s video insight I joined David Buckland to dive into the recent performance of the Montgomery Small Companies Fund. As the reporting season concludes, the Fund has delivered 11.19 per cent for the three months to 31 August. This is an outperformance of 8.97 per cent compared to its benchmark the S&P/ ASX Small Ordinaries Accumulation Index. The outperformance can be attributed to several key stocks in the Fund’s portfolio, particularly Megaport (ASX:MP1), Audinate (ASX:AD8), and Aussie Broadband (ASX:ABB), all of which have exhibited strong growth and management excellence.

September 5, 2023

Is Flight Centre about to take off?

By Roger Montgomery

In 2018, Flight Centre Travel Group’s (ASX:FLT) share price was flying high and trading above $61. 00. With 101. 1 million shares on issue, the market capitalisation at the time was just shy of $6. 2 billion.
September 4, 2023

Aura Private Credit insights: monthly CPI indicator is easing

By Brett Craig

The monthly Consumer Price Index (CPI) indicator is continuing to show signs of easing. The 12 months to July reported a 4. 9 per cent increase, which is down from the June figure of 5. 4 per cent. This is a significant improvement off the back of the 8. 4 per cent peak in December 2022.


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