Private Markets Hide All Manner Of Sins
A number of notable companies and investors today appear largely unaware of the relationship, and potential disconnect, between growth and financial sustainability. It is all well and good to own part of a technology firm that is growing revenue and users rapidly and burning cash. It is also fine to systematically bet on small tech co’s …
Down 95%: Oliver’s Real Foods
There’s been some water (mostly radioactive) pass under the bridge since I last wrote about Oliver’s Real Foods (ASX:OLI). I’m sitting on I believe my first ever position that is down 95%. It’s worth a brief recap of how things got to this point. After my earlier presentation, I felt that the company was on the …
Getswift Comes Full Circle
Well well. In a pleasing dose of regulatory aggressiveness, The Australian Securities and Investment Commission (ASIC) has filed a Federal Court lawsuit against Bane Hunter and Joel MacDonald of the infamous Getswift (ASX: GSW) – reporting in well under their usual 3 year lead time, I might add. And they would be silly not to, because the …
Four shipping investment ideas
I recently read a presentation on Scorpio Tankers (NYSE:STNG) pitching the company as a potentially undervalued stock. Following research I have come across several other ideas that may be worth looking into. I pass them along for readers’ potential benefit. The original pitch for Scorpio went like this: Shipping industry is at bottom of cycle and …
Quarterly Review: Q2 (December) FY 2019
It’s been a while since my last quarterly report, and in fact I was late recording the data for this one – but what’s a 99 day quarter between friends. The 10foot portfolio is down 4% since inception at 30 March 2017. This compares to its main comparison index, the XNT, which is up 5% …
10foot reading list
I was recently flattered to receive an email asking if I had a reading list that would help somebody who wanted to learn about investing. I thought that I would tidy my emailed response up further and publish it for the benefit of all. With the caveat that I am not a professional investor and …
Despegar: Further thoughts
Following on from my recent post I have some further thoughts on Despegar (NYSE:DESP). The IPO The company was clearly IPO’d at precisely the right time. 53% holder Tiger Global sold four million shares at $26 in an IPO that I think was clearly overpriced. It may have been an interesting short for somebody that did …
