Great idea and a bit of fun @tomsmithidg & @Bear77 Thanks for making the effort.
It reminds me of how I got into buying shares in the 1st place, l played the ASX Sharemarket game a few times back in the day and went OK so took the plunge and used some real cash.
A million lessons later and still going!
Ok, if it's not too late, please put me down for Karoon (kar.asx)
Not that I think it's necessarily the absolute best stock pick, but to win a competition like this, you've got to take a chance.
It's undervalued (but risky), and you never know when something might happen to cause a spike in the oil price
Can I put in a late bid for AF Legal (AFL)?
Ownership of this one has been a...opportunity to pay my market tuition.
I made all the classic mistakes like drinking the Kool-aid of the former CEO, allowing the valuation to go way over what was reasonable for a company of its type and not selling when the thesis was clearly broken. I'd argue that even after all those mistakes I should have sold a couple of years ago when new management entered and some green shoots started to appear. Turnarounds, even when they turn, take years to play put. BUT, here we are and I think shareholders are starting to see patience be rewarded.
It won't grow the topline or scale the bottom line as quickly as some others mentioned, but my conviction that it could multi is based on valuation. If you annualise the Q1 result (that's how I roll) it's valued less than 0.5x revenue and 5x NPBT. But given its growth rate, those multiples could quickly date.