The first broken thesis: RNY Property Trust
Hokey dokey, so, today ticked off two dubious ‘first-evers’ in investing for me: First time I held a company that fell 70% in a day. First time I held a company that fell 70%. Not the kind of boxes you want to be ticking. RNY Property Trust (ASX: RNY) went tits up, slipped, and fell off …
Quarterly review: Q4 2017
3 months since my first purchase, it’s time for a review of the quarter ended 30 June 2017. I have called it Q4 in reflection of the fact that it is the final quarter of FY17, although it is in fact the first quarter of my portfolio experiment. There’s really not a lot to report …
One that didn’t cut the mustard
A quick comment on one company I have liked for a while but repeatedly elected not to invest in; Rent.com.au Ltd (ASX: RNT). Its premise is that it is a scalable online advertising platform that a) attracts a unique audience and its products have great cost-benefit ratio for landlords, and b) with rentconnect, online renter CV …
Purchase #5: Crowd Mobile Ltd
Last week I made the 5th purchase for my portfolio, mobile content company Crowd Mobile Ltd (ASX: CM8). Crowd Mobile is… well, if I used the buzzwords like ‘entertainment content services’ or ‘mobile app developer’, that doesn’t really tell us much. What it is Basically, it has two businesses. The first runs a bunch of apps …
