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 …
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, Probiotec 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 …
The rules of doubling down
Shares in RNY Property Trust have taken a dive since I bought them, down 25%. That does raise the question of whether I got the price right when I bought them, but that mistake, if it was one, is already made. The next question is, should I buy more? Typically the advice goes ‘if you wouldn’t buy more …
Automotive Solutions Group: The gift that keeps on giving
I keep telling myself ‘this is the last time I’m writing about ASG’ but the Automotive Solutions Group Ltd (ASX: 4WD) saga has been too good to pass up. AMA Group Ltd (ASX: AMA) today offered to buyout the ~80% of Automotive Solutions it doesn’t own – at a 0% premium to yesterday’s close. Pretty rough on shareholders, …
Apocalypse Now: Automotive Solutions Group Ltd
Well, well, well. When I commented on Automotive Solutions Group Ltd (ASX: 4WD) two weeks ago I didn’t think I would have any more to say on the topic. How wrong I was. The company is morphing from prospective investment venture into a snowball rolling downhill, and the pace has been accelerating. One issue really stood out to me …
Fascinating accusations against Activision Blizzard, Inc.
I was looking at Activision Blizzard, Inc (NASDAQ: ATVI) this afternoon. After browsing a report, from curiosity I began looking at the games it makes, trying to evaluate whether this company has a market-beating product offering and process, or if it’s just a customer-led retailer. In the course of my research, I came across the darnedest accusations against the …
