Short Term Trading Weekend Lounge: 13 - 15 Nov, page-32

Green week for the garage but yardage hard won, market (or the place in the market we inhabit) not giving up any freebies.

Added more NOV at last CR price of 25, with initial positions taken in SES & RFT.

NOV mainly on the strength of its big bro (EML), think of these models more like digital payments facilitators and less like 'card' stocks and you might have a more accurate picture of their future.

EML trading @ 10x actuals accompanied by 25% growth
NOV trading @ < 3x actuals with 46% growth. (actuals annualised last 4c)
Obviously not as simple as that as EML much more mature and transparent model but a start.

SES has been mentioned here a couple of times and came up as a buy on one of my subscriptions the other week.

Brings back the farce that was (is) the push of a couple of years ago by state government to ban single use plastic bags from the major food retailers, outcome being there not free anymore but now cost 5c ffs, majority still end up after a single use in the garbage, talk about a brain dead society, raise the price to a buck and if the punters complain get some of those big teen male unemployed units in as security for the checkout chicks and let it rip the garage reckons.

RFT is just another angle on the EV space, model profitable but has 'sinned' in the eyes of the market as has not experienced 'revenue growth' current YoY, they put it down to covid shutting down production, they are forcasting 'return to normal'.

None of the above 3 are screaming buys looking at TA so maybe just a ponder for forum at this stage, all 3 have MC's < 100m (I think) with good supporting IP and director 'skin in game' and if not in the right space probably will be tomorrow also model lifecycle attractive DYOR.

Just had the parrots in for a feed down here with the daughter and couple of her mates, love parrots something about them, we should just supply them with single use boxes and they can take care of the feral cat problem, they seem to have the right idea, box them up and ship them out.

Cats and Australia don't mix, if only we were as smart as our feathered friends.