Montaka’s sizzling ‘Summer Reads’ of 2023
Explore portfolio perspectives, stock insights and landmark white papers on major investment themes. Elevate your investment knowledge for a successful 2024.
ServiceNow: Should this AI winner be the Magnificent 8th?
ServiceNow operates as the backbone of enterprise IT infrastructure. With its AI-centric approach and unmatched data capabilities, it’s positioned for exponential growth. Discover how this structural growth story can redefine enterprise operations.
Investing in platforms: How to tell the difference between a platform goldmine and a value-destroying ‘trapdoor’
Uncover the secrets to identifying genuine platform businesses and avoiding value-sapping ‘trapdoors’ in the investment realm. Learn the hallmarks of real platform goldmines, how network effects play a pivotal role, and why some companies claiming to be platforms might be deceiving. Navigate the complex world of investments with Montaka’s expert insights.
5 reasons to buy alternatives giant KKR for your portfolio
From the enormous opportunity to further penetrate massive new markets like insurance and private wealth, leverage its scale advantage in Asia, or the potential for a valuation re-rating with smoother earnings streams, the future is full of extraordinary opportunities for KKR. With the stock undervalued, investors have a window of opportunity.
The Montaka funnel: a process for finding long-term winners
Taking a closer look at the Montaka funnel which not only describes our investment process, but also helps explain the relative stability of our portfolio (which might seem unusual, particularly during the recent bear market).
The market is dividing in to ‘advantaged’ and ‘disadvantaged’ businesses
The economic times of the day are challenging to decode. But a valuable step in making investing just a little less difficult is to focus on businesses with strong advantages- ones that provide mission-critical value with limited competition. What exactly separates advantaged from disadvantaged businesses?
Are Alibaba shares oversold?
We do not argue that investing in China isn’t ‘risky’ per-se, but rather, investors are likely to be well-compensated for taking those risks. Looking at Alibaba, the reward to risk ratio is particularly strong making it a compelling investment opportunity.
Why R&D masks earnings & value in today’s mega-techs
– Andrew Macken In the eyes of many investors, today’s mega-techs – Amazon, Microsoft and Alphabet, for example – are way overvalued. A cursory glance at the valuations of the North American majors suggests they are more expensive, say, than most of the big non-financial ASX-listed companies. You need to pay a higher multiple […]
Montaka named in AFR Chanticleer column’s ‘Five best trades of 2021’
For investors, private markets ‘were the place to be in 2021’ and the best way to play the sector was owning the world’s three most prominent asset managers, Blackstone, KKR and Carlyle. It noted that Montaka owned all three companies in its portfolio and quoted our portfolio manager Chris Demasi.
Misunderstood Multiples and Montaka’s Solution
When you look at a multiple, it may seem high at first glance. But it is essential to focus beyond this and understand the underlying business, its growth opportunities and what current market expectations imply. Certainly, a high multiple can be a red flag for overvaluation. However, you cannot draw any real conclusions from that multiple in isolation.
