Thanks Eire2011 I have enjoyed your balance and fair comments.

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jdiesel

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21/07/18

16:43

Post #: 34496148
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Originally posted by Eire2011 ↑

Thanks Ralom.

Deep in the red for me is less than 30% down on my average buy price. However, as a large holder the amount is a reasonable sum.

It is easy to suggest that the reason I have enthusiasm is because I am down. However, I would argue that that is contrary to usual behaviour. Most people down a lot of money either sell at a loss, do not feel confident adding at lower prices and generally are waiting to get back to even so they can sell out. (AHZ will be a 10 year plus holding for me.)

The researching has nothing to do with justifying my holdings and everything to do with understanding to the best of my ability what I own. This allows me to have a concentrated and focussed portfolio that has generated fantastic results for me. I mostly own medical device and healthcare companies and most of those I have owned now for 5 to 12 years (think RMD, CSL, COH, NAN and MVP). I actually really enjoy the research. I suppose it is only unusual because I find most investors simply don’t do it.

In fact AHZ is the only stock in the red that I own as I usually always cut my losses early. However, I believe in Admedus and it’s potential and while the fundamentals have improved out of sight the share price has declined to record lows. For me it is a no brainer to hold and add to for the long term.

I understand your skepticism and that’s fine. You like to take one or two line shots across the bow. An unual amount of time spend for a “non holder”. However, we are all different. I shared the deep in the red comment so others know that I am in the same boat as most otters but I am still positive. (That does not mean that I am right.)

In terms of researching I do that level for all stocks I hold. I read annual reports back to front, I read every announcement (often more than once), I travel to AGM’s, I meet with management and the board, I research the science, I read competitors reports and results, I speak to Doctors and Nurses, I keep
my eyes and ears open when in hospitals, I research key management and staff on Linkedin, I look at trends and I read all I can on all the companies I own.

That level of research is simply what I believe separates speculators / traders from genuine long term investors and it is the level of research that should be undertaken when anyone wants to hold a volitile stock in a concentrated way for the long term. Without it you do not have the confidence to hold and importantly add to your position in times of weakness.

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Thanks Eire2011 I have enjoyed your balance and fair comments.

AHZ Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $18.00		Change 0.000(0.00%)		Mkt cap ! $342.3M

Open	High	Low	Value	Volume
$18.00	$18.10	$17.70	$46.99K	2.617K

Buyers (Bids)

No.	Vol.	Price($)
1	118	$17.72

Sellers (Offers)

Price($)	Vol.	No.
$18.00	83	2

View Market Depth

No.	Vol.	Price($)
1	116	17.770
1	26	17.740
1	220	17.700
1	50	17.680
2	226	17.650

Price($)	Vol.	No.
18.000	83	2
18.010	27	2
18.020	15	1
18.030	27	1
18.100	700	1

Last trade - 14.26pm 12/07/2024 (20 minute delay)

AVR (ASX) Chart

Thanks Eire2011 I have enjoyed your balance and fair comments.

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