AVA chart, page-559

I reckon the AVA management team has done a great job for the past 5 years. It is a high quality business even though it is still a small cap - not like many rubbish companies in ASX. The growth trajectory of AVA tells us that we should be value investors here instead of speculators. Money isn't made in a day just like Roma wasn't built in a day. The business does its job well, but the market has its own cycles. The current frothy financial environment has driven most investors impatient and anxious, and these guys just want quick money.

We have just passed through a mid-term SP downtrend due to many factors, such as COVID delays, sub holders selling, etc. I reckon we are now back to a mid-term or long-term uptrend, but we have to understand that the investing environment has significantly changed compared with last year when we witnessed the crazy growth of SP. Now the whole market doesn't have that much liquidity, so we need to even be more patient.

We all know that Aura IQ has been the hottest topic for quite some time, and we all know it is successful considering so many news flows. TBH I am a little bit upset as well when I didn't see the Aura IQ sells by the end of last FY, but I can understand in such a COVID impacted environment. The management has confirmed for a few times that it will come soon and all the proof has shown that it will bring decent margin. I don't mind if we see any short-term pressure on the SP. Good luck to all LTHs.