"I notice you have this as not held. What's holding you back from buying a share of this company?"
In a word, valuation.
I did own the stock at stages over the course of 2023, but it hasn't been a high conviction position. As a result, it has been a "trade" for me which, while profitable, is not in keeping with my investing DNA which is more aligned with being a long-term holder of rapid-growth compounders. Or, when opportunity presents, a buyer of cyclical businesses trading at very steep discounts to intrinsic valuation.
I don't think SHL is either of these.
But there are times when it does succumb to the market schitzophrenia from being overly loved to being overly hated. Which is why I maintain a watch on the business, but it's never represented elegant investing in my mind, because the times I have made sh0rt-term money out of it, I feel it involved too much luck for my liking.
Don't get me wrong; it isn't a cruddy company. It's a resilient business model, with granular customer base and stable recurring earnings [*], and is more than ably stewarded by its directors.
It's just that it isn't a nimble ski-boat that is capable of rapid acceleration (instead, it's more like a slow-moving oil tanker... slower than the ski boat, maybe, but a lot harder to sink); nor is it ever priced at bargain basement levels that permits having a big, red-hot conviction go at it.
[*] In this same pathology space, I did spend a few hours the other week looking at a minnow in the industry [https://hotcopper.com.au/posts/72281791/single], which looks a lot cheaper than SHL, but the trade-off is that it lacks the long track record of SHL,
.
- Forums
- ASX - By Stock
- Ann: Half Yearly Report and Accounts
"I notice you have this as not held. What's holding you back...
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SHL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$27.08 |
Change
0.130(0.48%) |
Mkt cap ! $13.00B |
Open | High | Low | Value | Volume |
$27.08 | $27.16 | $26.94 | $2.508M | 92.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3 | $27.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.09 | 438 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 593 | 27.080 |
6 | 748 | 27.070 |
13 | 1315 | 27.060 |
6 | 911 | 27.050 |
3 | 424 | 27.040 |
Price($) | Vol. | No. |
---|---|---|
27.100 | 716 | 8 |
27.110 | 1190 | 5 |
27.120 | 398 | 4 |
27.130 | 412 | 3 |
27.140 | 794 | 4 |
Last trade - 10.48am 13/09/2024 (20 minute delay) ? |
Featured News
SHL (ASX) Chart |