I remember looking seriously at HSN in early 2013, sucking my thumb, and doing nothing about it because even though i liked most aspects of the business (high structural industry growth rates, captive and diverse customer base, strong recurring revenue streams, high returns on capital, and appropriate management/shareholder alignment), i thought it was slightly too expensive. Suffice to say that watching HSN since has caused me considerable pain and jealousy - it is probably the worst "error of omission" i've made in the last 5 years.
Luckily, my HSN experience led me to GTK in early 2016 - Intelligent Investor put out a positive research note on GTK that alerted me to GTK's very similar dynamics, and within two hours of becoming aware of GTK's existence i was a shareholder.
While today's valuation is nowhere near as attractive as it was when i bought GTK nearly two years ago - and is probably even expensive - the business is absolutely humming and clearly outperforming even the most aggressive scenario i could have thought up two years ago. They seem to be in the goldilocks zone of high organic growth while also enjoying the fruits of sensible and well-executed acquisitions.
There's also probably a lesson in there for me - nearly two years of ownership and zero posts on HC suggests there's a strong inverse relationship between the amount i have to say about a stock i own, and its likely prospective performance.
- Forums
- ASX - By Stock
- Ann: Investor Presentation
I remember looking seriously at HSN in early 2013, sucking my...
Featured News
Add GTK (ASX) to my watchlist
|
|||||
Last
$9.35 |
Change
-0.060(0.64%) |
Mkt cap ! $967.6M |
Open | High | Low | Value | Volume |
$9.35 | $9.41 | $9.26 | $406.7K | 43.48K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2291 | $9.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.41 | 3224 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2291 | 9.310 |
1 | 291 | 9.290 |
2 | 1087 | 9.280 |
2 | 616 | 9.260 |
1 | 220 | 9.250 |
Price($) | Vol. | No. |
---|---|---|
9.410 | 3224 | 1 |
9.420 | 291 | 1 |
9.440 | 291 | 1 |
9.450 | 291 | 1 |
9.470 | 291 | 1 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
Featured News
GTK (ASX) Chart |