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 …
Despegar: Thoughts so far
I don’t get a lot of time to research these days. After a month, I’m currently about halfway through researching one stock and I want to get some thoughts down on paper. My research is necessarily incomplete and I am writing this post from memory at an airport at 1am so do be aware there …
Donaco International: High risk, high reward?
With apologies to entrapped shareholders, I couldn’t help but laugh when I saw the recent Donaco International (ASX:DNA) AGM update. Trouble with Chinese gangsters, and one of the company’s larger shareholders and a former vendor of an asset Donaco bought, is threatening to cut off power and build a wall around Donaco’s largest asset! I also …
Some brief thoughts on ownership
I recently read a letter from Edelweiss Holdings that has both prompted some new thoughts and sharpened up some old thoughts about a crucial concept in finance – ownership. The whole letter is worth a read, but this quote in particular threw bare some implicit assumptions that I had largely taken at face value: “A …
An update on Just Group plc
I recently posted to Twitter that I have been torched on my Just Group plc (LON: JUST) position so far: I recently pitched Just Group to a sophisticated investor with experience in complex financials and had the idea shot down pretty quickly (“too hard”). While that should serve as a warning to others considering investing here, …
Quarterly Review: Q1 (September) FY 2019
This quarter turned out better than I thought. I tweeted a month ago that it had been a bit rough- down 12% QoQ and down 5% since inception. However, when I was updating my spreadsheet to include my latest sales of Probiotec (after quarter end – more on that below) I noticed that a previous …
