QAV 815 — Tax On, Tax Off

by | Apr 16, 2025 | Australia, Blog, Investing Podcast, Podcast Episodes

In this episode, Cameron and TK dive into the tumul­tuous week in the mar­kets, heav­i­ly influ­enced by the Trump admin­is­tra­tion’s tar­iff announce­ments and sub­se­quent pause. They dis­cuss the impact on US Trea­sury bonds, Chi­na’s long-term eco­nom­ic strat­e­gy, and the poten­tial break­down of glob­al trust in the US econ­o­my. They briefly cov­er port­fo­lio updates, Ray Dalio’s per­spec­tive on the break­down of the glob­al order, and com­pa­ny-spe­cif­ic news includ­ing Accent Group (AX1), Fin­di (FND), Comms Group (CCG), Per­en­ti (PRN), Tel­stra (TLS), and TK’s new board appoint­ment at Clime Invest­ment Wealth (CIW). TK also pro­vides a detailed “Pulled Pork” analy­sis on Cedar Woods Prop­er­ties (CWP). The episode con­cludes with after hours.

QAV 814 — The Big Grift

by | Apr 9, 2025 | Australia, Blog, Investing Podcast, Podcast Episodes

In this episode, Cameron and TK dive into the recent mar­ket volatil­i­ty, large­ly dri­ven by US tar­iff announce­ments. They dis­cuss the impor­tance of stick­ing to the QAV invest­ing frame­work dur­ing uncer­tain times, con­trast­ing it with reac­tive or emo­tion­al deci­sion-mak­ing often seen else­where. The con­ver­sa­tion touch­es on the poten­tial eco­nom­ic impacts of the tar­iffs, includ­ing the log­ic behind them, the poten­tial for decou­pling from Chi­na, the his­tor­i­cal con­text of tar­iffs in Aus­tralia, and the pos­si­bil­i­ty of it all being a “grift”.

QAV 813 — The Mill Red Flag

by | Apr 2, 2025 | Australia, Blog, Investing Podcast, Podcast Episodes

In this episode, TK shares his busy week involv­ing golf, horse rac­ing, and fam­i­ly events, includ­ing his daugh­ter’s first auc­tion and his upcom­ing birth­day. Cameron updates on the QAV light port­fo­lio’s per­for­mance, not­ing it’s now beat­ing the index since incep­tion and for the finan­cial year, despite sell­ing EHL and TPG. They dis­cuss Dol­lara­ma’s acqui­si­tion of The Reject Shop (TRS) at a sig­nif­i­cant pre­mi­um, spec­u­late on the ratio­nale, and touch on poten­tial chal­lenges for Dol­lara­ma in the Aus­tralian mar­ket. Con­cerns are raised about Stock­o­pe­dia fol­low­ing staff depar­tures and data dis­crep­an­cies, par­tic­u­lar­ly with Price to Oper­at­ing Cash Flow (Prop­CAF) fig­ures. The hosts delve into ASIC and the RBA scru­ti­niz­ing the ASX over CHESS replace­ment issues and oper­a­tional risks. They ana­lyze sev­er­al stocks: Accent Group (AX1) poten­tial­ly see­ing increased stake from Fraser’s Group, New Hope Group’s pos­i­tive results and share buy­back amidst slump­ing coal prices, Ramelius Resources’ (RMS) con­tro­ver­sial acqui­si­tion of Spar­tan Resources and sub­se­quent removal from Stock Doc­tor’s star list due to dis­clo­sure and finan­cial con­cerns, and NZME’s results, poten­tial cor­po­rate activ­i­ty involv­ing Stuff, and a loom­ing board chal­lenge from Cana­di­an bil­lion­aire Jim Gren­nan. A sig­nif­i­cant dis­cus­sion revolves around estab­lish­ing ‘red flags’ for cor­po­rate gov­er­nance issues, trig­gered by Heli­a’s (HLI) CEO sell­ing shares before bad news, Indi­ana Resources (IDA) fail­ing to lodge reports on time, and broad­er con­cerns about man­age­ment integri­ty, time­ly dis­clo­sure, and when to remove a red flag. They also cov­er TPG Tele­com’s sale of assets to Vocus and per­form a deep dive into San­tos (STO), includ­ing its his­to­ry, recent per­for­mance, QAV met­rics, and asso­ci­at­ed risks. The episode wraps up with ‘After Hours’ chat about clas­sic TV shows like Joe 90 and Odd Squad, films like Unfor­giv­en and Ipcress File, music dis­cov­er­ies includ­ing Trans­plants and The Dis­tillers, and TK’s upcom­ing horse races.

QAVUS 002 — Markets Like Certainty

by | Mar 28, 2025 | America, Blog, Investing Podcast, Podcast Episodes, QAVUS, US Episode

In this episode of the QAV US Edi­tion, Cameron and Tony dive into the lat­est per­for­mance of the US port­fo­lio, which con­tin­ues to out­pace the S&P 500 with a stun­ning 70% return. They break down the impact of Trump’s errat­ic trade poli­cies on glob­al mar­kets, par­tic­u­lar­ly the ship­ping indus­try, and reflect on how uncer­tain­ty is roil­ing investor sen­ti­ment. Cameron does a “Pulled Pork” deep dive into Mex­i­can cement giant **Cemex (CX)** — a seg­ment that unex­pect­ed­ly trans­forms into a pas­sion­ate, triv­ia-filled mas­ter­class on the his­to­ry, chem­istry, and envi­ron­men­tal impact of cement. They also touch on stock per­for­mance, issues with Stock­o­pe­dia data accu­ra­cy, and the curi­ous case of eth­i­cal awards for com­pa­nies that belch CO₂.

QAV 811 — Thinking About It

by | Mar 19, 2025 | Blog, Investing Podcast, Podcast Episodes

Tony and Cameron explore the mar­ket’s recent volatil­i­ty and recov­ery, exam­in­ing key per­for­mances in both their Aus­tralian and US port­fo­lios. They dive deep into the curi­ous case of Ramelius Resources, dis­sect­ing the com­pa­ny’s recent series of announce­ments that puz­zled investors and raised ques­tions around trans­paren­cy and dis­clo­sure prac­tices. Oth­er high­lights include a robust dis­cus­sion on small caps ver­sus large caps in the con­text of pas­sive invest­ing impacts, strong results from Perseus Min­ing and Met­als X, and an analy­sis of Shape Aus­trali­a’s promis­ing finan­cial posi­tion and future out­look. The episode wraps up with lis­ten­er ques­tions about port­fo­lio hedg­ing strate­gies and impli­ca­tions of the Ramelius and Spar­tan Resources merg­er.

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