Yep I agree, his point was more that you don't want invest in companies that might be in the bottom 20%. Probably more than three quarters of companies on the ASX are possible candidates for that bottom 20% and should be avoided using this strategy. The point was to avoid all of these on the chance that they will be in the bottom 20% performance wise. Of course some of these poor quality, cyclical companies will generate excellent short term returns - though picking these is a specialist skill that I am not good at.
Ann: Trading update, debt refinancing and equity raising, page-44
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Last
$27.20 |
Change
-0.040(0.15%) |
Mkt cap ! $3.901B | |||
| Open | High | Low | Value | Volume |
| $27.53 | $27.63 | $27.17 | $2.948M | 107.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $27.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.20 | 434 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BRG (ASX) Chart |