Not so Smurph. Spent my working life in Sales and Industrial Marketing. In my later years, held positions which required me to have sound oversight of an Income Statement and Balance sheet. That said, my ramblings on speculative high growth stocks stems from a single source, this being pattern recognition. Listened to a webinar recently where they spoke of this as a source of conviction. I had never given it a name, but I thought to myself, that's me. Fortunate to have enjoyed the success of Companies such as Altium, Wisetech, Zero, PushPay holdings and RPM Global from early stage. To balance things, Appen was a miss and I bought and sold AfterPay (paid $7 sold for $9.50). Just did not have the nerve for that one. After Covid, bought into Pro Medicus @ $41 and still hold today. Probably the best example on the ASX today. Go back 10 years and see how their 'near faultness' execution of strategy in pursuit of scale provides a template for unearthing the next great investment. Look at a corresponding graph showing the shareprice over 10 years. You need the stomach to hold.
Q Will Pointerra become another great story ? i generally dont stick around with Companies that have potential but labour in achieving against that potential. I buy, monitor and sell out pretty quickly when a Company or it's leadership stalls in their efforts. I have held Pointerra for 5 yrs now and remain high conviction. As much as I believe Ian Olsen could improve on many of the basics, if I put myself in his shoes, I would have chased the Utilities business after getting the PG&E endorsement. Then, Florida & Light, Next Era, Entergy etc etc. With a small team , only hindsight says a dependence on Utilities would be a mistake. He has now acted to steady the ship. His fiscal discipline will IMO,with the passage of time, be applauded. Remember he is an Accountant.i
You may like to have a look at Audinate. The next darling Tech company of the ASX. Navigated their way through Covid and the global chip shortage. The share raced up to $23.50 on the back of an eye watering turnaround. With Video set to mirror their Audio market disruption, backlog addressed and chip supply normalised, they learn that their biggest customer (Broadway) took their own independent steps to mitigate the supply risk and now sit on more than a year's stock. Result : Audinate's growth for FY25 severely impaired. Share price fell to $6.50 on the day of the announcement. Same question, why did they not act earlier ? Simply put, they had zero visibility on this.
If you think about it, for a little Perth based Company (less than 30 employees) to sign a behemoth USA Utility Company in the order of millions of $ is quite amazing. Now add to it Tier 1 Miners, multi Metro Rail & Road contracts, Oil & Gas installations and pipelines including at sea drilling (off shore installations), the likes of Amazon (Logistics), Engineering and Construct and a much broader Global footprint. This is SCALE supported by product endorsement and customer endorsement. IMO, our opportunity is alive and well.
Enough ramblings from me.
Rokewa
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