My first ‘whisper stock’: Pepper Group Ltd
I mentioned 2 weeks ago that I’d received my first ‘whisper stock’. Having had a good look at it and reached no definite conclusions, I thought I would pass it on as an idea for readers who might be interested in taking it further themselves. The company was Pepper Group Ltd (ASX: PEP), a specialty finance company …
On the tyranny of quarterly reporting
I have cobbled together a solution for tracking the 10-foot portfolio. It is not elegant, but it lets me see what I’ve got. Two months in, and the 10foot portfolio is underperforming. For the first time I’m beginning to really grasp the tyranny of regular performance reporting at funds. I think it is vital for …
Purchase #3: Eureka Group Holdings Ltd
I have made the 3rd purchase for the 10foot portfolio, Eureka Group Holdings Ltd (ASX: EGH). Eureka is a small, regional provider of rentals, for pensioners with minimal assets that can’t afford fancier options like those provided by several other listed companies. I think it is attractively priced and could become much larger over time. Given the …
A quick 50% jump for Automotive Solutions Group
New news is good news? Automotive Solutions Group (ASX: 4WD) shares are up 50% since last week. Smash repairer AMA Group (ASX: AMA) took an 18% stake in it this morning, and there was an update to the group’s strategic review announced on Friday. CEO Tanya Mason will step down. With shares now up 50%, I …
Investing lessons from the scrapyard
In another lifetime, I was a labourer at a scrap metal yard. And when I was there, I met a bloke we’ll call ‘Dave’. I’ve always wanted to write about him but have never quite had the platform or the context. Now I do, and a little piece of Dave will be immortal forever. He …
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.
