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.


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


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.


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

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