Investor Insights

In this article for the Herald Sun Roger takes a look at the results from the most recent reporting season. One sector doing it particularly tough is television advertising. Year on year, in the second half TV advertising went backwards by almost 5 per cent. Read here.

In this interview on Money News, Roger discusses why house prices could have further to fall. There are three reasons pointing to a further decline, and this might impact the third biggest employer in Australia – the construction sector.

In this article for the Australian Roger identifies the key lessons that can be learnt from the February 2019 reporting season. There were two main themes which emerged – a group of smaller companies doing well overseas and a group that is only just entering a period of difficulty. Read here.

Roger joined Ingrid Willinge on Your Money’s Trading Day Live to discuss Australia’s growth outlook. Is the RBA too aggressive with its GDP forecast? The weak data we see may force the RBA to revise their forecast and maybe even cut rates.

In this interview on Money News, Roger discussed the results from the recent earnings season.  Those considered small caps,  the ratio of companies downgrading their guidance for the next 12 months was 3:1 and for the top 100 companies twice as many are downgrading than upgrading.  How will this play out for the general economy?

Stephen Miles published an article in the Sydney Morning Herald which takes a look at the reporting season where many firms maintained their previous profit guidance. Stephen mentions Roger’s view that market sentiment had been so negative going into reporting season, the results were interpreted as being “not as weak as expected. ” Read here.

Carrie LaFrenz published an article in the Australian Financial Review which discusses Ramsay Health Care and comments on Andreas’ view that Ramsay may not produce the growth they had previously and comments on their recent result. Read here.

Vesna Poljak published an article in the Australian Financial Review which discusses our Kraft Heinz short thesis. We believe changing consumer tastes and unrealistic market expectations have created a golden opportunity to go against a large group of stocks. Read here. Montaka is short Kraft Heinz.

Jonathan Shapiro published an article in the Australian Financial Review where he discusses how one of Buffett’s biggest positions, Kraft Heinz fell 30 per cent after it made a host of horror revelations. Jonathan mentions how the Montaka funds have been actively betting against Kraft Heinz. Read here.