Month: June 2017

Pushing the edge of credulity

One of my biggest investing edges, I think, is the fact that I come from a working class background. It has also been a drawback more than once, but you have to make your weaknesses work for you to succeed in investing. Fear not, this is not a ‘plebeian kid makes good‘ cliche where I …

Purchase #4: Probiotec Limited (ASX:PBP)

Recently I made the 4th purchase for the 10foot portfolio,┬áProbiotec Limited (ASX: PBP), a micro-cap contract pharmaceutical manufacturer with some interesting intellectual property. Again I have tried, with mixed success, to avoid putting up a wall of text. Here are my thoughts. Some key stats: Market capitalisation: $20.6m at $0.39 per share Enterprise Value: $29.4m …

A compelling bear case for Thorn Group Ltd

Via Twitter, the 10footinvestor stumbled across an interesting bear case about Thorn Group Ltd (ASX: TGA) on blogspot today. It suggests that the company will need to raise capital, and provides an interesting counterpoint to the 10foot shareholding in Thorn. It seems to be a the blog of a ‘Mitch Dawney’ who apparently runs an …