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

Valuation is — or at least should be — at the core of any investment decision. Without a general idea of what a stock is ‘really’ worth, how can you know if the market is offering you good value? Defining the true, or intrinsic, value of a business is easy; it’s the discounted value of the cash that can be taken […]

Medical imaging software provider Volpara (ASX:VHT) has delivered another set of strong results today, reporting financial results for the six months ending 30 September, 2019. Total revenue surged 197% to NZ$6.8 million, with subscription revenue up 148% to NZ$5.2 million. At the end of the period, Volpara’s level of annual recurring revenue was NZ$15.7 million, up from just NZ$4.8 million […]

An online disruptor with a bright future, or over-hyped?

What investors can expect in 2020

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 […]

In preparing for this week’s update, I was considering rehashing an older piece I’d written a few years back. Why not? All the big ideas in investing are timeless and as relevant today as when they were first conceived.  (More to the point, I was running desperately short on time and — as usual — was struggling to think of something original […]

There’s a lot of distance between broad, abstract investing concepts and placing actual trades with your hard earned. 7 Powers: The Foundations of Business Strategy by Hamilton Helmer makes a good attempt at focusing the investor’s attention on the things that matter, and putting it in a way that feels a bit more actionable. It’s basically a book about ‘moats’, as Buffett would call them, […]

I was in a spirited debate with a mate recently — the kind where neither side expects to win, but both enjoy the verbal sparring. It kicked off when he casually declared that, sure, investing might be lucrative, but investors themselves add no real value to society. In fact, they just skim off the hard work of others, leeching wealth […]