TK Journal 2021-02-18

Hi Cam,

I think the mar­ket has been clear­ly spooked with Hawthorn Resources (HAW) and the res­ig­na­tion of Chris Cor­ri­g­an as direc­tor. Even though the share price is above our Sell line, I think we should sell it from our dum­my port­fo­lio and replace it with the next high­est on the Buy list which is Vir­gin UK (VUK). Please do an equal trans­fer, ie the pro­ceeds of the sale is the pur­chase amount for VUK. It’s unfor­tu­nate that this has hap­pened to Hawthorn and the share price may turn around after the new prof­it results come out, but I regret­ful­ly chalk this one up to a sell because of a res­ig­na­tion by a key board mem­ber. Dis­ap­point­ing, I know, and I could have act­ed ear­li­er, but the sen­ti­ment is now clear on this one. Apolo­gies to any­one who owns this stock, but this hap­pens and at least we have the spe­cial div­i­dend and return of cap­i­tal to soft­en the blow.

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I am sell­ing my shares in Coles Group (COL) and replac­ing them with VUK in my per­son­al port­fo­lio.

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Andrew found a cou­ple of errors in my QAV Mas­ter spread­sheet which did not affect the Buy List and can be eas­i­ly solved. Some of the for­mu­las in Columns BU, BV and BW are cor­rupt­ed and you should copy the for­mu­la in the top cell in each col­umn down every cell in the col­umn. This will make all the for­mu­las stan­dard again.

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I down­loaded anoth­er SD fil­ter this morn­ing and have the fol­low­ing addiotns to the Buy List: BEN with a QAV score of 0.19 AXI with a QAV score of 0.25. This is a very small com­pa­ny. AKG with a QAV score of 0.18. This is also small. KPG with a QAV score of 0.12, and, FBU with a QAV score of 0.11

Thanks,

Tony