This quarter and the year has been very interesting. Kogan, which peaked at $25 in October is now trading around $11. AVA group and Nuheara have both fallen significantly this quarter – by around 25% each. However, this quarter and the full year has been excellent overall. This quarter I had significant gains from Kelly…
Kelly Partners Group: KPG
Kelly Partners Group isn’t a well-known company but it’s become a significant component of my portfolio due to the leadership, incentive structure, and future potential. How much potential? I look at KPG and see a business similar to Berkshire Hathaway in the 1960s. The CEO Brett Kelly is acquiring controlling interests (51%) in independent accounting…
Why I think FMG is a long-term winner
Fortescue has had a terrific run over the last couple of years, and recently peaked at $26.40. It’s dropped back to the 20s, and the company’s profits very much follow the price of iron ore. No matter what happens, I believe FMG still represents good value, and here’s why I think so: Low P/E multiple:…
Q3, FY21 Results
This quarter saw a significant portfolio turnover as I took profits and rolled them into new ideas. I trimmed some REH and DDR, and completely sold out of DMP. I added more FMG, KGN, NUH, KPG and DDR. I also started holding some new positions. Orica (ORI) fell significantly when they announced their CEO was…
Q2, FY21 results
Q2 was another great result, even ahead of the strong rally on the index. My portfolio returned 20.46% in the quarter, against an index return of 13.76%. This means that Financial Year to Date my returns are 45.18% against the benchmark return of 13.65%. I added 4 new stocks this quarter, and made small reductions…
Q1, FY21 results
It’s amazing how much more clear-headed you get when you take a month off looking at public markets multiple times a day. I might have to make this a yearly ritual. Looking at my portfolio things are close to where I left them at the end of August. Reece and Kogan were the main performers,…
It’s time to take a break again
Around 2 years ago I realised that my thinking was getting clouded; so I decided to take a month-long break from investing – no public markets, no HotCopper, no AFR. I read back on that original post just now and this paragraph is eerily similar to how I’m currently feeling: “One thing that’s clouded my…
Domino’s FY20 result (DMP)
Domino’s put out their FY20 results and it’s not a surprise to me that the shares reached an all-time high. Key callouts: Success during COVID-19: Hardly a surprise, Domino’s has made a few tweaks to ensure success during this period (like contactless delivery) and scaled up their delivery team to meet demand. Huge growth in…
Do I take profits or hold?
I’m fortunate to be sitting on some significant capital gains in spite of COVID, and all signs are pointing to a prolonged recession when stimulus runs out and with multiple waves of the virus spreading. Given the capital gains tax is 10%/15% within super (depending on whether you’ve held for 12 months or not), I’ve…
Q3 & Q4 FY20: Coronageddon!
I’ve decided to combine the past 2 quarters into a single post, since I’ve been lazy with my writing and because I’ve done a lot of stupid things even though I’ve recovered pretty well. Like pretty much every investor, the record at 31 March was way down! I finished at -26.22% for the quarter, against…