A few that stood out being NOV, AVA, GRR, RVR, CCR, PPL. (sure there are many others)
Have held AVA for some time but added more yesterday on strength of metrics, also hold NOV & RVR but risk profile under current macros not screaming 'increase opens' so steady as she goes.
AVA bit of a ‘crabber’ for the garage over last few months but the numbers it is producing hard to deny, the hound likes it as one of it’s profit centres all about perimeter security and the little bloke loves a good tight perimeter, atm our highest conviction play at small end, 4D below.
Its revenue profile judged as ‘low quality’ as contract based compared with reoccurring revenue platforms hence the current low multiple valuation so DYOR.
Said goodbye (temporarily) to an old friend in form of PBH hitting a trialling stop during the week, with these medium-term momentum plays our stops are very liberal but a stop is a stop. Been very good to the boys over last 12 mths or so, hopefully we will meet up again soon as our long-term FA outlook for this stock unchanged.
BVS didn’t work, my other 20% off support play PPH became victim of bond yield ‘soft co#k’ emotion, actually went up yesterday but reduced 70% for 5% gain into that strength as exposure was quite substantial and better to be safe.
Frank noticed David Attenborough vid above, one of the very few humans he has any time for.
He especially likes his old African predation documentaries as in his mind he is very much the modern apex reptilian ASX predator and the docos reflect the new savannah that is the global bourse.
His favourite is the wildebeest river crossing with the crocs, the very essence of the ASX200 frank reckons, with all the wildebeest gathering on the bank without much intelligence but ever increasing magnitude.
He was pissed off by the yanks onite, a piddingly 469 red and the bloody Nasdaq actually went green, he was expecting arterial blood on both indices although the last 1/2 hour on the dow encouraging, could still be a DT fear trap ambush early next week.
Frank in a blue flash from the log,
“We need 2 arterial reds in sequence from the dow to get the herd off the riverbank and swimming boss” obviously frank sees himself as head croc.
With the bond yield thing the garage sceptical as base is low therefore % magnified, but one truism is increased fear about so our strategy is decreased time in trade to compensate, might start hanging around the DT thread more but last time I posted there was abused so just a lurk this time, rowdy mob over there .
We understand the one thing that will bring about the end of this bull run (started post GFC) will be increasing interest rates fuelled by increasing inflation, we also understand that most things some predict might happen probably will but never in the time frame imagined.
Don't discount globalisation and the subsequent degradation of the basic western labour unit combined with ever advancing communication technology further increasing competition on a global scale for labour, its worked well to someone's advantage for last 20 years and might not be quite finished yet. (that reminds me still hold FLN )
Noticed Sir Dave didn't mention the ever increasing human biomass, at least rag&bone is across it at the individual level and we will leave the mathematics of multiplication of the forecasted 10B plus global population to the imagination.
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