Anyone who is interested in protecting free sports streaming can sign the Greens petition.
https://greens.org.au/campaigns/keep-sport-free-watch The Greens and quite a few of the independent Senators are right now fighting in the Senate for what appears like quite a reasonable legislative amendment. There doesn't seem to be any good reason why people who only stream via the internet should miss out on the free sport accessible through a tv aerial .
Also here is a worthwhile read concerning the intelligent capital allocation at SWM which was mentioned in the Collins Street Value Fund Quarterly Report on its website.
https://www.csvf.com.au/wp-content/uploads/2024/05/CSAM-March-2024-Quarterly-Report.pdf. Noting of course that CSVF is the best performing long Australian Equities Fund over the last 5 years according to Mercer.
Right now people are acting as if investing constitutes the art of buying without regard to fundamentals or price. On the ABC last night an Australian fund manager was referring to the upcoming IPO float of Guzman Y Gomez and she said that the PE ratio of 32 times didn't seem out of place. Except here is the rub, she referred to the FY25 estimated EBITDA as the ''earnings'' in her PE ratio ignoring the fact that its actual NPAT earnings are forecast to be 6% or so of its EBITDA (EBITDA being referred to by the late Charlie Munger quite appropriately as 'bulls#$@ earnings')
Everyone wants to be like Warren Buffett until it takes the courage to buy a stock like SWM at 19 cents a share when its absurdly cheap, misunderstood and quite frankly hated by the market. Instead they want to pat themselves on the back whilst buying into IPOs like GYG whereby the smart money (aka private equity) offloads their shares to the suckers.
My thesis is simple - by September 2025 SWM will have delivered multi-bagger returns from the current extremely cheap share price of 19 cents per share. If you would like to achieve these returns then perhaps putting in the required due diligence (including reading my prior posts) to understand the business of SWM would be a worthwhile idea. Earnings in the upcoming full year results will likely be downbeat (we all have access to the Ad market SMI data indicating the current ad market recession) but the reality is that come September 2025 this current period in which SWM can be bought for the ridiculously cheap price of 19 cents a share will look like one of the greatest missed opportunities.
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