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#takeover
stale
Added 9 months ago

Huh!

another takeover of a large Australian institution.

I have done well out of CSR, buying a year or two ago at $4.56 purely on a yield, and mean reversion, thesis. I was at no point expecting a takeover. Occasionally one gets lucky - it ended up being 3.5% of my Super, not huge but meaningful. Makes up for a number of other swings that....missed.

This probably weakens the thesis for the ASX I recently put forward in the forum.

This looks very likely to get over the line unless the FIRB causes problems. I can't see why they would, but then, you know, they are...... French!

As an adopted Kiwi, and now Australian, there is a certain Schadenfreude about the Australian rejection of the French subs. The Rainbow Warrior incident has largely faded from public consciousness. But revenge is a (submarine) dish best served cold: a saying, ironically, attributed to a Frenchman (the author of Les Liaison Dangereux).

Anyhoo, I'll stop beating up on the cheese-eating surrender monkeys, and go back to my glass of Bordeaux....

For anyone offended by my Gallophobia, I apologise, but it is all in jest. I'm off to live there for a year or two in 2025 - can't wait!

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#Bull Case
stale
Added 2 years ago

Interesting read on Livewire today - Cycle is not a dirty word

A bull case thesis from Emma Fisher of Airlie Funds Management for this manufacturer of building products in a cyclical downturn underpinned by it's property assets


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