What is a material fact?
Not being a hotcopper member myself, I ask that people send me good stuff they see on there. I got this hilarious one overnight: I don’t assert that there is anything wrong with Fantastic Furniture or AFR here, but there is a certain humour in having to source a quote from a known fraud (Fantastic’s …
Getswift Gets Swifted: AFR-style
Can you still be a genius if your viewpoint is the same as everybody else in the market? Asking for a friend. You will know that I wrote about Getswift previously. In that post I focused a lot on the company’s deal with Amazon. I made the silly mistake of assuming that the company’s other contracts …
Interview with David Lamm of NGE Capital Ltd (ASX:NGE):
David Lamm, Executive Chairman and Chief Investment Officer of NGE Capital Ltd (ASX: NGE), a 10foot holding, recently agreed to an interview. I’m grateful and appreciative that he took the time to answer the questions of a very small shareholder. Before I get into that, there is obvious potential for an anonymous entity (me) to spruik …
Dongfang Modern Agriculture
I started looking at Australian-listed Chinese company Dongfang Modern Agriculture (ASX: DFM) more closely after I stumbled across its loan announcement yesterday. Agriculture is well outside my area of expertise, but if I understand the business model correctly, there are a few potential warning signs I’ve spotted (all figures are in AUD unless specified otherwise): Margins …
A curious set of incentives at Probiotec
My position in Probiotec Limited (ASX: PBP) has ripped higher over the past few months, up over 100% since I bought it in June. This has given me a problem and funnily enough I’m more concerned about being up 100% on Probiotec than I was being down 70% on RNY Property Trust (ASX:RNY), my first loser. …
The risks in Trimantium Growthops
I came across the Trimantium Growthops upcoming IPO recently. It is a consulting business whose listing process reminds me of National Vet Care (ASX: NVL) and Automotive Solutions Group (ASX: 4WD) in that it involves getting agreements from a list of business owners, raising the funds for IPO, and then using the IPO funds to acquire the …
Getswift and Amazon
Topical subject. Getswift Ltd (ASX: GSW) put out a barebones release announcing a deal with Amazon ($AMZN) on Friday morning, before being suspended by the ASX and instructed to prepare a more informative update – probably because shares were up over 100% at one point. The subsequent more informative update was emphatically not more informative, but I’ll get …
10foot Scuttlebutt: December 2017 edition
It’s the holidays. Here’s some stuff in the markets I’ve seen or thought recently, and in place of analysis, I have inserted pictures. Enjoy. Trimantium Growthops I wrote about Trimantium Growthops a few weeks ago, an IPO which seems to have hit a snag – it was supposed to start trading on the 18th of …
Buyer Beware
The bottom end of the ASX is a bad place to be. There is a huge party going on at the moment and it’s happening at the expense of household investors. I wanted to write something that I hope household investors (of which I am one) will find useful. My usual disclaimer applies here, I am …
10foot Scuttlebutt – November 2017 edition
Back with another version of scuttlebutt, and a few things I’ve seen or thought about recently. As usual, you are agreeing to my disclaimer, and the following represents some idle thoughts I’ve had about various businesses in recent times: Oliver’s Real Foods (ASX: OLI) Oliver’s is working smart financially. The company is selling and leasing back …
