Season 1, Episode 40

 Tony Gives Up His Rights 

Tony talks about rights issues and some of the complexities involved in knowing whether to take them up or not. I know, right? Sounds boring! It wasn’t actually, I learned a lot. We also discussed a few recent news articles about value investing, Tony reveals his wine of the week, and in our analysis section we breakdown the financials of Horizon Oil. 

As I’m posting this late in the day on 2019-12-04, our portfolio is out-performing the All Ords by 1300%! 

I know that won’t last, but it’s a nice number to see, even if it’s just for a single day. The ASX had a bad couple of days, down 3.5% since Monday, thanks, so I’ve been told, to Trump’s intention to impose a 25% tariff on steel and a 10% tariff on aluminum imports from Brazil and Argentina. Our portfolio hasn’t moved much though. Perhaps because we’re already buying the stock at a discount to their intrinsic value? 

Still, of course the ASX will pick back up and we’ll be back on track for our 200% benchmark at some point. I wonder how many companies just went QAV positive today? 

 

 

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S03E17 – Michael Dee, Pythagoras

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