December 14, 2023

Keep an eye on New Zealand as the lead indicator

By David Buckland

In this week’s video insight, I delve into the discussions surrounding the Reserve Bank of New Zealand’s proactive approach to inflation, the nuanced shifts in major economies, and the potential impacts of tightening monetary policies.

December 11, 2023

The interest rate conundrum: Conflicting forecasts from banking giants

By Roger Montgomery

In this week’s video insight I wanted to discuss the contrasting predictions from Australia’s major banks regarding interest rates, painting a nuanced picture of the economic landscape. Shayne Elliott from ANZ anticipates sustained rate hikes amid escalating growth pressures. In contrast, NAB’s Ross McEwan suggests rates might have peaked, while CBA hints at a possible rate cut. These varied perspectives hold significant implications for households with mortgages and investors.

December 8, 2023

What can we expect from stocks and bonds in 2024?

By Roger Montgomery

Since late October, financial markets have witnessed a significant shift, adjusting to a softer labour market and persistent disinflation. As an aside, the latter – disinflation – was a condition we wrote about a year ago, suggesting it should support the share prices of innovative growth companies, especially those with pricing power.
December 4, 2023

Analysing Australia’s October CPI: Unexpected trends

By Brett Craig

The latest monthly consumer price index (CPI) read released last week, came in unexpectedly lower than anticipated, at 4. 9 per cent in the 12 months to October. This follows the previous read of 5. 6 per cent in September. With the 8.
December 1, 2023

Navigating success: Inside Seven Group Holdings

By Dominic Rose

In this week’s video insight, David Buckland and I discuss Seven Group Holdings (ASX: SVW), an Australian operating and investment group in the media, mining and construction industry in which the Montgomery Small Companies Fund holds a substantial stake. We spotlight the remarkable alignment between the Stokes family’s leadership and investors’ interests, emphasizing Seven Group’s astute counter-cyclical investment strategy. Additionally, we explore their recent strategic acquisition of Boral (ASX: BLD), shedding light on their concerted efforts to enhance operational efficiencies and bolster margins. Catch the full discussion here.

November 30, 2023

Temple & Webster’s share price soars following its AGM update

By Roger Montgomery

As we monitor the behavior of the Australian consumer, it’s crucial to acknowledge that consumption constitutes approximately 50 per cent of Australia’s GDP, significantly influencing decisions related to interest rates. The robust trading update presented during the annual general meeting (AGM) by Temple & Webster Group (ASX: TPW), an online retailer specialising in furniture and homewares, prompts thoughtful consideration.
November 29, 2023

Should we expect continued softness in retail sales?

By Roger Montgomery

Unsurprisingly, consumer spending dominates all other categories and contributors to economic growth in a consumption-based economy such as Australia’s. Australia’s private consumption accounted for 49. 8 per cent of nominal gross domestic product (GDP) in the June 2023 quarter.
November 28, 2023

Why I believe REA Group is one of Australia’s highest quality businesses

By Roger Montgomery

I believe REA Group (ASX:REA), is one of Australia’s highest-quality businesses. REA Group’s online portal – realestate. com. au – is the go-to destination for people wanting to buy, sell or rent property. Price rises in all property related areas have led to substantial revenue and earnings growth and have turbo-charged REA Group’s share price.

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