If you look at my performance page for the first 3 quarters you’ll see I’m slightly behind the benchmark, but barring major problems with my core portfolio, my Q4 performance is going to ensure I smash the full-year benchmark once again (not as handily as last year, but beating the index is good enough for … More DDR and FMG are crushing it

After a short blackout period where I took a total break from looking at public markets, and a pretty long break from writing posts, here’s an update. I’ve turned over a chunk of my portfolio, added a couple of new ideas, and shut down some others.  The biggest call was getting out of Kogan after … More First post in 9 months

Although Kogan showed another outstanding result this year, growing revenue 40% and EBITDA 90%, the market does not support the current valuation and has punished the share price soundly.  The day the results were announced, I sold my entire holding for a 230% gain on my average buy.  A great result, but it’s hard to … More Kogan selloff and blackout period begins

My 4th quarter showed a return of -5.52% vs a benchmark return of +8.27%.  This was primarily due to a large decline in Kogan after the directors sold 6m shares at $7, having earlier invited offers around the $10 mark.  Nonetheless, I am pleased with my overall results for the year, showing a total return … More FY18 results and taking a break

Although I haven’t written about Reece before, the acquisition of MORSCO, announced today, prompted me to write about this amazing company, of which I have been a shareholder for the past 12 months. Most Australians have heard of Reece Group, but most of us won’t appreciate how significant they are as a company: $5B market … More Reece Group – Acquisition of MORSCO (REH)

Fortescue recently released quarterly numbers as well as another updated presentation today from the Macquarie conference.  FMG’s share price has been getting a beatdown lately, I think largely due to the lower Q3 production, increase in C1, and low revenue realisation. But the company continues to spew out masses of cash – $1.4B USD in … More FMG – Q3 Update

Q3 was another excellent result, returning +14.59% against the benchmark return of -4.04%.   YTD return for the financial year so far is +77.05%.  My only trade for the quarter was purchasing Webjet. Kogan again contributed a significant proportion of the return, but the standout in percentage growth was Spirit Telecom, rising 70%. I am constantly … More Q3, FY18 return