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WHAT IF I TOLD YOU…? …that a company that makes no profit and has risen 600% plus from its lows in March, is raising $800m and the two company founders were selling $250m worth of shares and potentially more to come in November. Of the $800m in fresh equity, $650m will be sold through a…
Kogan (ASX: KGN) is a portfolio of retail and services businesses that includes Retail, Marketplace, Mobile, Broadband, Insurance and Travel offerings. To put all that in context, it has been dubbed by some the ‘Amazon of Australia’. Much of Kogan’s recent success has been fueled by a significant lift in sales, earnings and customers as…
BROKER BIAS Now it's not a criticism, it is an education – at the bottom of all broker research, in the disclaimers, the broker will tell you whether they have done corporate deals for the companies mentioned, in which case they are probably the broker to the company – either IPO’ing the company or raising…
THE REALITY OF PUTTING YOUR MONEY IN A BIG INDUSTRY OR OTHER SUPER FUND There are a couple of lessons to be learned from the recent correction. The first is that most fund managers do nothing and did nothing. And that's a fact of life for anyone in big industry and super funds. It’s not…
If making money in the market is about buying when the balance of probability is in your favour, in individual stocks, then your odds are always going to better if you 'play' in stocks that are moving from bottom left to top right (BL2TR) on a chart, not top left to bottom right (TL2BR). This…
Rising case numbers in the US don’t seem to be upsetting the markets. No-one seems to care in the US. One colleague got a text from a cousin in Washington DC yesterday saying that “everyone is just getting back to normal and they’ll handle the virus if they get it”. Here we are in Victoria…
THE FLYING FERRET I used to own a greyhound. Well, a bunch of us did actually. It was a yuppie post-university indulgence organized by one of the West End wide boys I worked with in my early stockbroking days in London. He had picked out an Ad in the Greyhound Star for a ‘Sales Trial’…
I was in London in 1987, in October, during ‘The Crash’, I was on the institutional desk of one of the big brokers. We still look back and wonder why it happened. There were a string of reasons in hindsight. The Big Bang. The introduction of computer trading. Or just an extreme moment for ‘the…
Henry Jennings I have written on the delights of having a small hedge in times of trouble and have had many emails asking for what level of hedging you should have? The answer is easy. It depends. Very JP Morgan when asked about where he saw the markets going. ‘It will be volatile’. The question…
FUND PERFORMANCE MARCUS TODAY GROWTH SMA (MT0001) *Marcus Today/Thompson Reuters | 08/05/2020 | Details correct at time of publication. Past performance is not a reliable indicator of future returns. As of May 31 the Marcus Today Growth SMA is up 24.49% from the low on March 24 and is now up 3.35% since CV-19 hit…
