Thought it might be useful to get some ideas where to deploy the incoming cash from the ALU takeover
My top 3: 1. AD8 If I didn't own so much already, this is where most of the ALU cash would go. Quality growth company, with a near-monopoly on digital audio networking plus a promising expansion into video. Yes it's expensive, but it has come off quite a bit since peaking at $23 after the last (stellar) result. Below $15, I might be tempted to add more. 2. MIN Fast-moving, innovative mining and mining services company. 3 divisions: iron ore, lithium and mining services. High quality management, with high ownership stake and a great track record. Share price has come down recently due to weak lithium price and possible poor outlook for iron ore 3. TRJ Smaller, lesser known company. Manufactures specialised instruments for the pathology and laboratory testing industries. Share price has performed poorly since IPO, after initially getting a bit hyped. Now very cheap at EV/revenue of around 1. Previous half yearly result was disappointing, but IMO this company is higher quality than the market realises, providing essential equipment for a growing industry. At this price, it wouldn't take much of a turnaround for investors to do well
ALU Price at posting:
$68.33 Sentiment: Hold Disclosure: Held
