TK Journal 2020-11-09

With the RBA cut­ting rates last week, I updat­ed our QAV Mas­ter Spread­sheet with the fol­low­ing changes: I reduced the test for yield > bank debt in Cell AV32 to 2.69%, which was the low­est major bank vari­able mort­gage rate I could see. I used Canstar to find this. I changed the hur­dle rate used to cal­cu­late IV2 to be 6.1%. This change was made to all the cells in Col­umn AL.

I per­formed a Stock Doc­tor fil­ter down­load this morn­ing, 9/11/2020 at 8:54am.

I added Tech­niche (TCN) to the man­u­al­ly added data tab. Tech­niche is a small mar­ket cap com­pa­ny and has recent­ly applied to the ASX to de-list and become a pri­vate com­pa­ny, so I have not analysed this com­pa­ny any fur­ther.

Shares Europe ETf (IEU) was added to the Man­u­al­ly Entered Data tab and to the Buy List with a QAV score of 0.15.

Bank of Queens­land (BOQ) was added to the Man­u­al­ly Entered Data tab fol­low­ing its lat­est results release, but it does not have pos­i­tive sen­ti­ment.

360 Cap­i­tal Enhanced Income Fund (TCF) was added to the Man­u­al­ly Entered Data tab. Unless I fudge their 5 year graph they are not yet a Buy.

Adairs (ADH) was back on the Buy List for a lit­tle while, but it has crossed it’s Sell line again. ADH appears to be a “Bun­ny Boil­er” as it is a ris­ing knife and may come back onto the Buy List in the near future.

I have includ­ed an updat­ed Buy List. Changes since the last Buy List update on the 27th Octo­ber are:

Duke­ton Min­ing (DKM) returns to the Buy List

As men­tioned above IEU is added to the Buy List

As men­tioned last week, Lycopodi­um (LYL) and Mag­el­lan MFF Cap­i­tal Invest­ments (MFF) have left the Buy List

Mac­quar­ie Group (MQG) remains on the Buy List, but I am still wait­ing for the lat­est results to flow into Stock Doc­tor.

As Men­tioned last week Sand­fire Resources (SFR) is added to the Buy List. SFR may turn out to be a falling knife as the Chi­nese Com­mu­nist Par­ty may lim­it the impor­ta­tion of Aus­tralian sourced Cop­per.

Explore Wealth (XPL) dropped off the Buy List this time as it’s share price has tripled in the inter­ven­ing peri­od. Hap­py Days. I hope some of our lis­ten­ers bought some, although, it is a micro­cap com­pa­ny with thin vol­umes.

Fur­ther to the Jour­nal I sent you this morn­ing, I noticed that some of the com­pa­nies on our watch list and Buy list have recent results, so I have reviewed their sen­ti­ment and Man­u­al­ly Entered Data. This has result­ed in the fol­low­ing:

Cham­pi­on Iron (CIA) has new results and its QAV score has altered slight­ly to .20.

Myer (MYR) is get­ting close to a Buy line crossover and I have set a price alert in Stock Doc­tor for a share price > $0.30

Kath­man­du (KMD) is added to the Buy List with a QAV score of 0.13.