Quarterly Review Q3 (March) FY2018
This quarter marks the end of the first year for the 10foot portfolio, although I call it Q3 of FY18 because I want to align my reporting to the financial year. Google closed down its Finance Portfolio function in the middle of this quarter and I recreated my portfolio in Google Sheets. It’s currently a …
Afterpay: The Not Credit But Actually Retail Tech Company
This article is opinion. While it relies on public information, it also makes use of judgements and guesswork. Readers should always do their own research and read my full disclaimer at the bottom. Afterpay: The Not Credit But Actually Retail Tech Company I like Afterpay. I think their product is great and management have belted …
Sale #9: Sold Oliver’s Real Foods
I’ve sold Oliver’s Real Foods (ASX: OLI), hopefully not permanently, but I’ve seen a few things that made me uncomfortable. In a nutshell it appears to me as though this company is being managed for the short term, not a lifetime. The original thesis went like this: Oliver’s has great niche and underserved customers, minimal competition …
Sell #5: Sold Crowd Mobile
I’ve sold my stake in Crowd Mobile (ASX:CM8). The thesis broke. I wrote this piece prior to the half year result, so info from the half year was not factored into my sale decision. Originally Crowd was priced at 5x-ish cash flow and I figured they’d have debt paid down in a ~year. Given the …
