Andrew takes a bearish stance towards property, Matt walks us through his decision to sell Class (ASX:CL1) and Claude pitches the bull case for Webjet (ASX:WEB)
Episode 10: Australian property, selling Class and buying Webjet
Big Swinging Stocks
When you’ve been around small-caps for a while, large daily moves aren’t unfamiliar. Much of the time, they’re best ignored. Shares in 8common (ASX:8CO) last month spiked by 29% in a single day after the business released an encouraging quarterly result. A nice gain, for sure, but one that was driven by less than $20k worth of trades. Shares are now back at where […]
Gentrack (ASX:GTK) downgrades guidance
Utilities and airport software specialist Gentrack (ASX:GTK) has today told investors to expect a full year operating profit (EBITDA) of between $27 – $28 million, less than previous guidance which called for a result “marginally ahead of FY18 ($31 million)”. Gentrack said the downgrade was due to delays in customer projects and contracts as well as bad debt risks in […]
Computer Says No: a (mis)adventure In Property
Do you like highly illiquid assets that involve significant trade frictions and costs? Do you like dealing with an army of mostly useless, self-serving middlemen? Do you like assets that require extreme leverage and offer pitiful yields? Welcome to Australian property. I’m currently in the process of trying to secure a house, and I need to get a few things off […]
Cash Flow Conundrums
Negative cash flows usually set off alarm bells for investors, and for good reason. At the end of the day cash is the lifeblood of a business. Still, a closer look at things may just reveal a company that is sensibly investing in its future growth. If you can go beyond the surface-level numbers, and build some confidence in the capital allocation decisions of […]
The ‘Risk’ Of Small-Cap Investing
Here at Strawman, we like to poke around the lesser known corners of the market. And why not? There are lots of hidden gems to be found. In fact, there’s plenty of things to like about so-call ‘small cap’ stocks. More growth potential Less competition from other investors Less rational pricing (more opportunity to find significant mis-pricings) Better access to […]
Investing and Luck
We all like to attribute our winners to our foresight and cunning. The losers? Well, they were the result of bad luck. The truth, of course, is that random chance — both good and bad — plays a scarily big part in shaping our investment outcomes. That’s not to say it’s all just a roll of the proverbial dice, but it pays […]
Big Swinging Stocks
When you’ve been around small-caps for a while, large daily moves aren’t unfamiliar. Much of the time, they’re best ignored. Shares in 8common (ASX:8CO) last month spiked by 29% in a single day after the business released an encouraging quarterly result. A nice gain, for sure, but one that was driven by less than $20k worth of trades. Shares are now back at where […]
Gentrack (ASX:GTK) downgrades guidance
Utilities and airport software specialist Gentrack (ASX:GTK) has today told investors to expect a full year operating profit (EBITDA) of between $27 – $28 million, less than previous guidance which called for a result “marginally ahead of FY18 ($31 million)”. Gentrack said the downgrade was due to delays in customer projects and contracts as well as bad debt risks in […]
Computer Says No: a (mis)adventure In Property
Do you like highly illiquid assets that involve significant trade frictions and costs? Do you like dealing with an army of mostly useless, self-serving middlemen? Do you like assets that require extreme leverage and offer pitiful yields? Welcome to Australian property. I’m currently in the process of trying to secure a house, and I need to get a few things off […]
Cash Flow Conundrums
Negative cash flows usually set off alarm bells for investors, and for good reason. At the end of the day cash is the lifeblood of a business. Still, a closer look at things may just reveal a company that is sensibly investing in its future growth. If you can go beyond the surface-level numbers, and build some confidence in the capital allocation decisions of […]
The ‘Risk’ Of Small-Cap Investing
Here at Strawman, we like to poke around the lesser known corners of the market. And why not? There are lots of hidden gems to be found. In fact, there’s plenty of things to like about so-call ‘small cap’ stocks. More growth potential Less competition from other investors Less rational pricing (more opportunity to find significant mis-pricings) Better access to […]
Investing and Luck
We all like to attribute our winners to our foresight and cunning. The losers? Well, they were the result of bad luck. The truth, of course, is that random chance — both good and bad — plays a scarily big part in shaping our investment outcomes. That’s not to say it’s all just a roll of the proverbial dice, but it pays […]
Big Swinging Stocks
When you’ve been around small-caps for a while, large daily moves aren’t unfamiliar. Much of the time, they’re best ignored. Shares in 8common (ASX:8CO) last month spiked by 29% in a single day after the business released an encouraging quarterly result. A nice gain, for sure, but one that was driven by less than $20k worth of trades. Shares are now back at where […]
Gentrack (ASX:GTK) downgrades guidance
Utilities and airport software specialist Gentrack (ASX:GTK) has today told investors to expect a full year operating profit (EBITDA) of between $27 – $28 million, less than previous guidance which called for a result “marginally ahead of FY18 ($31 million)”. Gentrack said the downgrade was due to delays in customer projects and contracts as well as bad debt risks in […]
Computer Says No: a (mis)adventure In Property
Do you like highly illiquid assets that involve significant trade frictions and costs? Do you like dealing with an army of mostly useless, self-serving middlemen? Do you like assets that require extreme leverage and offer pitiful yields? Welcome to Australian property. I’m currently in the process of trying to secure a house, and I need to get a few things off […]