The Montgomery team are regularly called upon to write and comment for major newspapers and websites, news channels and radio stations, including the Australian Financial Review, The Australian and the ABC. Click any of the links below to read or watch the team's investing insights.
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.
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.”
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.
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.
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.
In this article published in the Herald Sun, Andrew discusses the upcoming Australian election. The data is pointing to a meaningful probability that Labor will displace the Coalition to form a new government, if this is the case what will it mean for the economy?
Rod Myer published an article in The New Daily where he discusses the increase in Superannuation funds, with the median growth fund gaining 2.5 per cent in January. So where will things go from here? Rod notes David’s view that the cause of low rates is synchronised global growth declines.
Record levels of debt accompanied by declining asset prices means we have entered a deleveraging phase putting other spending on the backburner. In this article for Cuffelinks Roger identifies the reason behind this.
In this article for the Australian Roger identifies why the recent rally is so hard to justify and investors should expect more volatility. A terrible drought, retreating house prices, evaporating consumer confidence, a wobbling Chinese economy, consecutive downgrades to global growth by the IMF, decelerating domestic economic growth and a slower pace of US corporate earnings growth all suggest higher share price multiples are difficult to justify.
Roger joined James Daggar-Nickson on Your Money to discuss their impressions on the reporting season. JB Hi-Fi is seen as a bellwether for retail, consumer confidence and the overall Australian economic wellbeing so what conclusions can we draw from their result?