Roger Montgomery
Value Investment Expert
+ About Roger Montgomery

 

Roger Montgomery is an independent analyst, value investor and author of blog.rogermontgomery.com. Roger's new stock market guide book, Value.able, is a step-by-step guide you can follow to value the best stocks and buy them for less than they're worth. Learn more at rogermontgomery.com.

Has BHP and WOW survived the reporting season snowstorm?

Wednesday, September 01, 2010

The final reporting season avalanche has coincided with a serious amount of snow in the high plains. No matter where one turns, there’s no escaping heavy falls. More than 300 companies have reported in five days and I am completely snowed under. If you haven’t yet received my reply to your email, now you understand why. To put my week into perspective, up until last Monday morning, around 200 companies had reported (see my Part I and Part II reporting season posts). This week’s 300-company avalanche brought the total to 500. I’m sorry to report that without a snowplough, I have fallen behind somewhat. Around 200 are left in my in-tray to dig through. I will get to them! Thankfully, there are only a few days left in the window provided by ASX listing Rule 4.3B in...read the full article ›
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John McGrath
Property Expert
+ About John McGrath

John McGrath is considered one of the most influential figures in the Australian property industry. As Chief Executive of McGrath Estate Agents, he took the company from a start-up in 1989 to one of Australia's most successful residential real estate groups, selling $3.25 billion in residential property in Sydney in FY09.

A total solution company, McGrath Estate Agents currently has 23 offices located throughout Sydney, the North Cost, Southern Highlands and the Blue Mountains, as part of its growing franchise network.

In October 2008, he was honoured by the Real Estate Institute of NSW with the Woodrow Weight OBE Award, a lifetime achievement award for his outstanding contribution to the real estate industry.

John himself has become a spokesperson for the industry both in Australia and internationally. John has five books that have reached bestseller status including “You Don’t Have To Be Born Brilliant” and “You Inc.”. In “The Ultimate Guide to Real Estate”, John shares with the reader his invaluable knowledge on the Australian property market.

www.johnmcgrathblog.com.au

Best value quarter-acres

Tuesday, August 31, 2010

The Great Australian Dream of home ownership – the quarter-acre block – is an exceptionally tough commodity to find in today’s tightly packed urban centres. Unless you’re very wealthy, it’s unlikely you’ll find 1000 square metres within reasonable proximity of your major city with less than a multi-million dollar price tag. According to independent data firm, RP Data, around 91 per cent of recent house sales within a 20km radius of our major cities involved blocks of less than one quarter acre. In some cases, much less – Sydney’s Chippendale is a great example with average lots of just 95 square metres. These days, the big blocks are generally in the outer rings of our major employment hubs, and the long commute to work everyday for time...read the full article ›
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Craig James
Economy Expert
+ About Craig James

Craig James is CommSec’s Chief Economist.

He became chief economist of Colonial Group in September 1987, before becoming chief economist at CommSec in August 2000 with the Commonwealth takeover of Colonial.

CommSec economic reports are a bit different in that they devise tools such as the ‘Mums and Dads’ share index and the iPod index, and undertake research on the weather and demographic changes to show how they affect the economy.

Craig currently does around 2-3 regular TV crosses a day, ad hoc radio and newspaper interviews and writes regular commentaries as well as presenting to staff, clients and external organisations.

Investor signposts: week beginning 29 August 2010

Monday, August 30, 2010

The big picture At the time of writing, the profit-reporting season was drawing to an end. So prepare to be inundated with post-mortems of the results by analysts, investor websites and the media over the coming week. So how did it go? We have assessed the results for the 104 ASX 200 companies that reported results for the year to June. In aggregate, profits lifted by almost 87 per cent over the year to $40 billion. Clearly, bellwether companies like BHP Billiton and News Corp significantly affect this result. But stripping out those companies still reveals a 30 per cent lift in aggregate earnings. And averaging the results reveals a similarly impressive 45 per cent lift in earnings. In the smaller sample of 34 ASX 200 companies reporting half-yearly results, earnings have lifted on...read the full article ›
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Norb Vonnegut
View from the US
+ About Norb Vonnegut

Norb Vonnegut is an American blogger and author writing about the wild, wild world of wealth. His first novel, Top Producer, received a starred review from Publishers Weekly—calling it “the gold standard for financial thrillers.” His next novel, Gods of Greenwich, is scheduled to print in the winter of 2010/2011.

Norb built his career in private wealth management at Morgan Stanley, Paine Webber, and other iconic Wall Street institutions. He graduated from Harvard College in 1980 and worked as a banker with Chase Manhattan in Melbourne, Australia, before returning to the United States and earning his MBA from Harvard Business School in 1986.

He is a regular contributor to The Huffington Post and has been a guest on business shows in America, Europe, and of course, right here on Switzer TV. For more info on Norb’s Wall Street thrillers, visit NorbVonnegut.com.

The Giving Pledge – what do we want from the wealthy?

Monday, August 23, 2010

I’ve been thinking about the ‘Giving Pledge’, a campaign championed by Bill Gates and Warren Buffett. They're asking fellow members of the über-rich to pledge 50+ per cent of their fortunes to charities – more money to philanthropy and less to family. Among the billionaires who have taken the “pledge” are Larry Ellison, Michael Bloomberg, Tom Monaghan, Oprah Winfrey, George Soros and other members of the who’s who of wealth. These pledges are extraordinary acts of generosity. Nobody is forcing Warren Buffett to give away 99 per cent of his fortune. Nobody is forcing forty or so families to take the pledge. You can read their rationales on the Giving Pledge Website – it’s the kind of thinking that illustrates why they were able...read the full article ›
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Sarah Green
Get Fresh
+ About Sarah Green

Sarah Green believes having healthy eating habits not only makes you look and feel good, but they give you the physical and mental resources to deal with running a business (and a family) more efficiently.

Green certainly knows a thing or two about eating healthy. Following a 20 year career in catering and events management she is now a regular on the speaking circuit, she runs healthy cooking classes to show people just how easy it is to eat right, and develops corporate well being programs focusing on menu planning and runs corporate team building with a healthy, but never dull twist.

For Green though, eating healthy is not simply a professional concern, it’s a personal one. Suffering from a post baby infection and a further life threatening misdiagnosis Green, too weak to work and with two small children to care for took matters into her own hands. She cut out all processed foods, sugar, alcohol and caffeine in an effort to get well. After a short period, she was back on track. While her diet is not as strict these days – Green happily admits she’s partial to a few wines on the odd occasion – proof that eating well equates with living well.

The truth about yoghurt

Friday, August 20, 2010

At the supermarket, there is literally a wall of yoghurt, and one would be forgiven in thinking that ‘hey, it's yoghurt, all yoghurt is healthy’. I live by a simple mission – to avoid anything with additives and preservatives (numbers), and encourage others to do the same. For the uninitiated, this wall of yoghurt is a minefield! It seems that as soon as you add any type of fruit it requires numbers, thickeners, stabilisers and setting agents. And, don’t be fooled – often when 'low fat' appears on a label, so do more numbers. Yoghurt is good for you but surely not with these extra chemicals. Yes, plain natural yoghurt is sometimes an acquired taste but you can add a teaspoon of honey, top with some chopped pear and toasted almond flakes. A few other...read the full article ›
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Ron Bewley
Market Expert
+ About Ron Bewley

Ron was Professor of Econometrics at UNSW when he was invited to join the Commonwealth Bank to found a Quantitative Research & Investment Strategy team. After researching across most asset classes in global markets, risk and strategy, he was appointed as the foundation Chief Investment Officer in CBA’s Private Client Services. He retired from the bank in 2009 and formed Woodhall Investment Research in the following year.

In his first book, Allocation Models, he presents a unified econometric approach for analysing relationships that allocate aggregates across their component parts - as in wealth being allocated across asset classes. He published over 50 academic papers on a variety of theoretical and applied econometric topics. He held a number of visiting academic positions in the US, UK and Europe. Ron was elected Fellow of the Academy of Social Sciences in 1995. He also consulted to a number of major companies and government departments.

At Woodhall, Ron has combined his academic and markets experiences to produce cutting-edge solutions for implementing investment strategies in equities and other asset classes.

All that glisters isn’t gold

Monday, August 02, 2010

 We are constantly being bombarded by commentators telling us that gold is a safe investment option. It is a store of value, inflation-proof, a wise investment ... or is it? I thought it time to look for myself and analyse the data without all of the hype. To my surprise, historically, gold has not been great investment and has often been beaten by Australian equities over lengthy investment periods. Indeed, when we convert the gold price to Australian dollars and adjust for inflation, there have been twice as many financial years with negative returns for gold as with the CPI-adjusted All Ordinaries (including dividends). I find an average annual return for this data of less than one per cent for gold compared to eight per cent for equities. On top of that, I find that the worst...read the full article ›
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Maureen Jordan
Womens Expert
+ About Maureen Jordan

Maureen Jordan holds a Bachelor of Arts (Economics) and a Law Degree (Honours) and has carved a niche in the media to balance her world of work and family.

Her company, the Switzer Group, owns divisions in media and publishing, financial services and business coaching.

During her 20 year involvement in media and publishing, Maureen has held Editor in Chief roles for esteemed publications such as Charter Magazine for the Institute of Chartered Accountants in Australia and has authored several books including Women Entrepreneurs, which she wrote for the Federal Office of Women, Small Business Start Up Guide published by Allen & Unwin and Finding And Managing Your Mortgage, Wiley Publishing.

As group publisher of Switzer Media and Publishing, Maureen has initiated and managed the publication of specialty books, magazines and content for some of the country's leading organisations. Clients include Optus, Mortgage & Finance Industry Association, IBM, Hewlett Packard, the Commonwealth Bank, Telstra, AMP, IP Australia, Yahoo 7, the University of NSW and law firm Griffith Hack.

Such is Maureen's commitment to business that in 1996 she was inducted into the Australian Business Women's Hall of Fame in Melbourne, as well as being a finalist in the Sydney Business Review's Business Women of the Year 2003.

Early in her career, Maureen taught in both the secondary school system - public and private - as well as teaching at the University of New South Wales.

Maureen's knowledge of small business and the economy, combined with her legal skills, has enabled her to not only put a firm footing under her own long established business, but has also given her the credibility to assist others.

A brush with celebrity

Wednesday, June 30, 2010

I am proud that Australia can now say that a woman has been Prime Minister. It would seem that Ms Gillard has all the credentials to be a politician. Time will tell if she has what it takes to be our top leader. Like many people, I look for things that go beyond the rhetoric, promises and spin. I’ve learnt over the years not to trust politicians – sad as it is to say that. I try to work out my own way to determine whether a person has what it takes to get my vote and stamp of approval. I’ve never met Julia Gillard so my opinion is based purely on what I watch on TV and what I read in newspapers, etc. However, I did have a brush with her one day and it has stuck in my gut ever since. I was in a private airport lounge walking along a corridor where there were no other...read the full article ›
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Peter Switzer
+ About Peter Switzer

Peter Switzer is one of Australia’s leading business and financial commentators, launching his own business 20 years ago. The Switzer Group has since grown into three successful companies spanning media and publishing, financial services and business coaching.

Peter is an award-winning broadcaster, twice runner up for the Best Current Affairs Commentator award for radio, behind broadcaster Alan Jones. A former lecturer in economics at the University of NSW, Peter is currently

  • weekly columnist for Yahoo!7 Finance
  • a regular contributor to The Australian newspaper
  • host of Talking Business for the Qantas in-flight service, Radio Q
  • finance commentator on Vega FM
  • host of his own TV show, Switzer, on SKY News Business Channel

Testimonials

Dear Peter, What fun! You are really very good at what you do. I appreciated our time together and wish you continued success in all you do. Have fun (I know you will).

Jack Welch, former CEO, GE, and ‘Manager of the Century’ (Fortune magazine)

Peter, It was great to have worked with you – you really made the event come alive. I hope you enjoyed yourself. I know Steve Ballmer [CEO, Microsoft Corporation] did.

John Galligan, Director of Corporate Affairs & Citizenship, Microsoft Australia

Here’s a home truth, my only real education – or teacher who I actually ever listen to – is your interviews on Qantas. So thank you with sincere respect.

Sean Ashby, Co-Founder, AussieBum

Wall Street heads north

Thursday, September 02, 2010

What a difference a day makes, especially when the doomsday merchants are brought to book by hard data. And even the Yanks got into the better economic readings, with manufacturing continuing to defy the double dip pessimists, helping the S&P 500 index to rack up its best percentage move since 7 July. The broad market index put on over 30 points to get to an important level of 1080 which could be the start of something positive if the Yanks can pull a better than expected jobs number on Friday. However, this could be a bigger call than the better than expected ISM manufacturing data which reinforced the great start on the New York Stock Exchange. Australian influence And get this, our strong economic data yesterday was seen as a help to traders on Wall Street. For the first time...read the full article ›
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Don Koch
Rates Expert
+ About Don Koch

Don Koch's is the CEO of ING DIRECT, Australia’s 5th largest retail bank. Don began his careers with ING Group in 1999 when he was charged with setting up ING DIRECT Australia as Chief Technology Officer. Don's success in Australia led to start-up positions in Italy and key operations and technology roles in Poland, India and Australasia. Don began his career with the Commonwealth Bank of Australia, he then moved to Citibank, before joining ING Group. Don has advanced People, Change and Program Management and Business Transformation skills and a strong background in Banking Technology and Operations. Don is married with two teenage children.

Positive outlook allows RBA to take pause

Thursday, June 03, 2010

The RBA left the official cash rate unchanged at 4.5 per cent at its Board Meeting today. This pause followed a period in which the RBA increased the cash rate by 1.5 per cent between October 2009 and May 2010. The RBA has continued to focus on banks’ lending rates, not solely the official cash rate. Lending rates have increased by more than the official cash rate as banks have passed higher funding costs on to borrowers. With lending rates now at close to the average of the last decade, the RBA Board declared that the current official cash rate is “appropriate for the near term” Will interest rates resume their upward path? The general tone of economic news from overseas has been reasonably positive in recent months. The US economy returned to growth and began adding...read the full article ›
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