An update on Automotive Solutions Group
Yesterday I signed up for Listcorp, a free + very useful service that emails ASX company updates straight to your inbox. That means I now receive breaking news ‘as it happens’. Sitting at work on my lunch break, I’m divided as to whether improved access to information is going to actually improve my investing, or simply lead to more …
On portfolio construction
I’m building a portfolio with the goal of achieving market-beating returns over the next 5 years. This raises an important question: Should I invest all the money up front, spread it out evenly over the 5 year period, or some other strategy? Some very skilled fund managers that I follow invest their cash quite quickly when they …
Dodging a bullet: Automotive Solutions Group
I’ve been doing a lot of research into a beaten-up company, Automotive Solutions Group Ltd (ASX:4WD) recently. This company raised funds and bought a group of 8 separate businesses in a variety of 4wd and automotive retailing and manufacturing segments, with the idea of vertically integrating and cross-selling each business’ products to customers of the …
PS&C Ltd
Following a suggestion from a reader, I had a look at PS&C Ltd (ASX: PSZ), the IT and security consulting/services firm. I can see the investment case quite simply – the market capitalisation is ~$20m, whereas the people + security divisions are worth $15m and $10m on the books respectively. There is the pending spin-off of the security + communication …
Mea Culpa: RNY Take 2
I made a mistake in my analysis of RNY Property Trust (ASX: RNY). You can find out more about that in my original post.
Movie reviews?
I have a tiny side hobby reviewing movies on Facebook about once a month. I typically try to sum up a movie in a Facebook status, say 100 words or less, in a way that is funny and engaging. I have been doing it for a while and would really like to immortalise my reviews somewhere …
On Advertising
I was thinking about advertising today. As a rule I don’t like it – tv ads are avoidable but Youtube ones send me batty, and I think Google ones (the Adsense ones that appear in websites) look trashy and cheap. However, I have been scouring finance blogs over the past few weeks just to get a …
Copying other people’s research
I wrote in the The Rules that I wouldn’t copy other people’s research (and I won’t). I felt that my RNY Property Trust (ASX: RNY) purchase was stretching the boundaries a little, although I did all my own research and was able to convince myself that that research and subsequent buy decision are legitimately my intellectual property. Today another …
Swinging for the fences
I was thinking about the portfolio today. I wrote after my Thorn Group Ltd (ASX: TGA) and RNY Property Trust (ASX: RNY) purchases that they were ‘singles’ or perhaps a ‘double’ for RNY in cricket terms – one run, or two runs. You can do well with singles in the stock market. 5% share price growth per …
Purchase #2: RNY Property Trust
Note: The original version of this post contained some serious calculation errors and the post has been substantially edited since then. First, thanks to reader Daniel for pointing out that my calculations were inaccurate. Due to sloppy spreadsheeting on my part, I was basing my worst/best case calculations on the expected equity to be received, not on the property …
