Episode 16: More results — Wisetech, BWX, Kip McGrath & more, plus is Australia headed for recession?

As investors, we tend to spend a lot of time thinking about value. Or, at least, we should. The simple reality is that even if we buy shares in the world’s greatest business, we can still lose our shirt if we pay a stupidly high price. But what makes a price stupid? How can we possibly know what is reasonable […]

They say stocks take the stairs up, but the elevator down. That is, gains are steady and incremental, but losses tend to be sudden and sharp. That’s generally been true for billing software developer Hansen Technologies (ASX:HSN), though earlier this month the share price seemed to catch a rocket: Igniting the boosters was news that Hansen had acquired Canadian catalog […]

Sales topped $10 million for FY2019, representing 42% growth

A lot of investors seem to be pivoting their investment strategies in light of the coronavirus crisis. Mine, for better or worse, remains essentially unchanged: Seek to acquire a range of quality companies with a view to holding them for many years.  Aim to hold between 10-15 companies that do not have highly correlated risks. A quality company is one […]

As the manic rhythm of the ASX begins to settle into its annual summer slumber, it’s a good time to step back from the screens and recharge our batteries. To that end, we’ll be taking a short break from our regular weekly correspondence over the coming weeks as we look to refresh and prepare for the year ahead. While the […]

At bottom the ability to buy securities – particularly common stocks – successfully is the ability to look ahead accurately. Looking backward, however carefully, will not suffice, and may do more harm than good.” — Benjamin Graham The financial statements can tell you a great deal about a company, and any serious investor ignores them at their own peril. Revenue, margins, […]

The ultimate destination for any successful enterprise is to become a dividend machine. If a company never reaches a stage where it can sustain a regular flow of cash to its owners, should it choose to do so, then it represents a total failure from a capital investment standpoint. A company may create jobs and provide products that customers desire, […]

A world class deposit and rising production put Pilbara on a sound footing