Author: Leon

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 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…

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:…

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…