Roger Montgomery

Financial media is replete with stories observing the fastest increase in interest rates in recent memory, the end of the declining interest rate era, how the fastest rise in short-term rates is inverting the yield curve (2-year bond yields higher than 10-year bonds) and predicting a recession, rising rates are causing the property market to… Continue reading →

If you’ve travelled lately and felt stung by the big increases in airfares and accommodation prices, you might think about ‘revenge investing’ in some travel companies. Because, since the post-pandemic re-opening, many – like Flight Centre and Qantas – have seen a big increase in patronage, profits and share price. Travel stocks are experiencing a… Continue reading →

For big-ticket household items, established retailer Harvey Norman (ASX:HVN) is a bellwether company, offering insights into consumer behaviour and retail conditions, particularly in Australia. The company recently released its first-half results, and reactions were mixed. On the positive side, the company returned to disclosing quarterly sales growth rates. ‘Network’ sales (it sells through company-owned and… Continue reading →

Market and finance commentators have expended enormous energy writing on the subject of the collapse of Silicon Valley, Signature and Silvergate banks, and the subsequent challenges faced by Credit Suisse. And equally expert commentary will soon speculate about who’ll be next and then about those that subsequently do collapse (First Republic Bank anyone?) Commentary has… Continue reading →

Private market data provider Pitchbook recently released their quarterly Emerging Technology Indicator (ETI) insights, revealing the subsectors in which private equity deals, and angel, seed, and early-stage venture capital (VC) fund-raising rounds are being completed. Investors might also see the list as a prelude to the types of ETI companies that will come to the… Continue reading →

Temple & Webster (ASX:TPW) have already added to the positive retail momentum by Nick Scali (ASX:NCK), JB Hi-Fi (ASX:JBH), and Cettire (ASX:CTT). Further helping analysts shrug off their bearish dispositions, Temple & Webster produced a solid result for 1H24. Revenue of $254 million was up 23 per cent versus the first half of FY23 and… Continue reading →

The domestic economic backdrop, characterised by 13 interest rate hikes, and consumer malaise brought on by the persistent inflation-induced cost of living pressures, had set the stage for modest, if not dour, expectations for reporting season. Yet, the reaction from the investment community has been anything but reserved. Bloomberg’s analysis reflects a notable uptick in… Continue reading →

Retail stocks were on the nose for some time amid fears of recession, the impact of rising interest rates, the cost-of-living crisis and inflation’s impact on the cost of doing business. The recent HY24 reporting season, however, revealed much of the fear was misplaced. Aggregate revenue growth tended to beat estimates despite moderating slightly. Meanwhile,… Continue reading →

In last week’s ABC Nightlife interview, I joined Philip Clark to discuss the current state of costs of retirement, the implications of rising interest rates, inflation and more. You can listen to the full interview here: ABC Nightlife – Finance with Roger Montgomery This post was contributed by a representative of Montgomery Investment Management Pty… Continue reading →

I have previously written here that one of the most repeatable ways to make money on the Australian Stock Exchange (ASX) is to buy into a retail store rollout story early. Catching the steepest part of the ‘S’ curve when revenue and profit growth are accelerating while head office becomes simultaneously more efficient usually produces… Continue reading →