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

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, […]

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

The LaserBond (ASX:LBL) share price rose 11% on Tuesday following announcements of positive revenue and profit forecasts from the company. What does LaserBond do? Founded in 1992, Laserbond is a specialist surface engineering company that focuses on the development and application of materials, technologies and methodologies to increase operating performance and life of capital-intensive machinery components. LaserBond states that its […]

An unpopular perspective is an almost unavoidable requirement if you’re hoping to find a multi-bagger. If everyone shared your insight, and saw the value you recognize, it’d already be reflected in the share price. The consensus view may be cozy, but it’ll give you little opportunity for outsized returns.  What you want is a variant perception; an important but underappreciated insight into the […]

You don’t need us to tell you that it’s been a tough run for small caps over the past year or so. And the harsh truth is that much of the pain was well deserved. Things always look clearer with the benefit of hindsight, but there was never any good justification for a bunch of sub-scale, cash-burning, undifferentiated wannabees to […]

Discussion, analysis and investment ideas from three investing tragics

Over the past few months I’ve had the privilege of giving a series of talks at the Financial Services Institute of Australasia — or FINSIA, for short. Targeted at private investors at the start of their journey, the series aimed to give attendees a solid grounding in the core aspects of share market investing. Free from jargon, and leaning heavily […]

This under-the-radar SaaS stock has had a cracking run in 2019, but is it too late to buy?