Yep I agree, his point was more that you don't want invest in companies that might be in the bottom 20%. Probably more than three quarters of companies on the ASX are possible candidates for that bottom 20% and should be avoided using this strategy. The point was to avoid all of these on the chance that they will be in the bottom 20% performance wise. Of course some of these poor quality, cyclical companies will generate excellent short term returns - though picking these is a specialist skill that I am not good at.
Ann: Trading update, debt refinancing and equity raising, page-44
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Last
$34.41 |
Change
-0.390(1.12%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $34.86 | $35.00 | $34.14 | $6.456M | 187.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 872 | $34.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.49 | 1324 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BRG (ASX) Chart |