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 Partners Group (up 50%) FMG (up nearly 20%) and VXR (Up almost 100%, from 40c at the start of the quarter to 77c today).
The quarterly result was 18.03% against the VAS benchmark of 7.84%, taking the full year result to 68.97% against the benchmark of 28.55%. The result is obviously fantastic and a full year record for me in 4 years of actively managing my Super.
Looking at my portfolio I’m still very bullish on the future of NUH, AVA and VXR. ANG has struggled but with a new CEO and some consolidation work (along with the company projecting they will meet full-year guidance before one-offs) I am confident they will achieve a significant re-rate in future.
DDR, FMG and KGN are long-term holds for me, but none are as long-term as KPG – a company I truly believe in and expect much more upside in the future. I’ve been adding more and more KPG when prices look attractive.
I also disposed of ORI and REH – Orica made a small short term profit around 20% after buying on the plunge with the CEO leaving, REH has been a fantastic performer in the last 12 months but was getting expensive around $20.
I’m holding less than 5% cash right now and will use it to top up my existing positions when I think there’s value – I added a lot more DDR, KGN and KPG this quarter.
Roll on FY22!