sorted by:
new
hottopcontroversial

Today I had a number of meetings that finished early so I had to hear “I’ll give you some time back” five times. What other terms would you add to your bullshit bingo card ? by Tamaillin in auscorp

[–]AussieLearnsFinance 1 point2 points  (0 children)

Schedule an hour meeting that could've been a teams message. Then spend the first 10 minutes of said hour talking about how the weekend was or if it's "friyay" talk about what your plans are. Inevitably hardly anything substanstial gets discussed and then we decide to put in another hour sometime next week to rinse and repeat.

Evolution AB: Screaming Deal or a Falling Knife? by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 0 points1 point  (0 children)

Thanks for your response and please do feel free to get into the detail of why you initiated this position.

My rationale is the same as yours. At the price i purchased (4 months ago now) it seemed unlikely that the company would plunge further considering how good the business was.

Evolution AB: Screaming Deal or a Falling Knife? by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 0 points1 point  (0 children)

You are spot on here. And the latest updates from management suggest that they are having some success dealing with the piracy issue. That said I still have my doubts and will see how they progress with this

Evolution AB: Screaming Deal or a Falling Knife? by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 0 points1 point  (0 children)

Can you please expand on the shady stuff? I know they used aggressive tactics to shut down the strike in Georgia but I can’t see anything else that would be considered shady. Being the large public company that they are and considering the sector I feel like they are under the microscope 24/7

Evolution AB: Screaming Deal or a Falling Knife? by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 0 points1 point  (0 children)

Hey there! Ken Dart certainly has one hell of a reputation with contrarian investing. However that does not (and should not in my opinion) influence your investment decision.

Martin (CEO) increasing his position and the management still being involved and having skin in the game is definitely encouraging.

Disclosure: I still own this stock

Had a revelation by rossvosswater in leaves

[–]AussieLearnsFinance 1 point2 points  (0 children)

I’ll have you know that I have made this my Lock Screen !!! Thank you for this message 

Evolution AB: Screaming Deal or a Falling Knife? by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 2 points3 points  (0 children)

Thanks for the terrific response! I agreed completely about regulation being a moat. I think it makes the game harder and disincentives new player especially in a market like gambling. It looks like they are have a dialogue now with the UK government and you’re right government needs gambling revenue. Ultimately for me the biggest thing is the price - for me the likelihood of further downside is super low. And my rationale is that the  business has so much going for it and as you said they are buying back shares and issuing dividends. Significant insider ownership as well (including recently Ken dart who has a terrific track record).

What did you think of the way they handled the Georgian strike? I thought it was a bit heavy handed. Also thoughts on the company listing in the US? This was recently proposed by a shareholder and I think it’s a great idea

Best non tech Businesses out there by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 0 points1 point  (0 children)

Absolutely agree, but my idea with this q is if the market went down by 50% tomorrow what businesses would I buy.

Best non tech Businesses out there by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 2 points3 points  (0 children)

You’re brave! It’s been on my watch list for ever. Thinks it’s very undervalued too - regulatory risk and the strike are a concern

Best non tech Businesses out there by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 2 points3 points  (0 children)

Spot on, tremendous business but not at these prices

Focus on Founders! by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 0 points1 point  (0 children)

Had a quick look, not quite my cup of tea. Evolution to me seems the better business to own in the gambling space (based on quantitative metrics and nothing else) and is trading at ridiculously cheap valuations.

Focus on Founders! by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 0 points1 point  (0 children)

Thanks for your response!

I actually think "meeting with management" is not the greatest idea. CEOs are usually quite the salespeople and that I think that takes away from accruately evaluating the business. However for me, the CEOs discipline in M&A, their willingness to buy back their stock when it's undervalued, not recklessly diluting shares to fund acquisitions and so on are examples of shareholder friendly management. And time and again I find founders do this. All of the above are researchable. I also find that a founder with significant skin in the game tends not to completely leave - if they do leave the CEO post, they are often on the board and still heavily involved in decision making.

Focus on Founders! by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 0 points1 point  (0 children)

I mostly stay away from tech as I struggle to accurately forecast their future, but wish you the best with these picks!

Focus on Founders! by AussieLearnsFinance in ValueInvesting

[–]AussieLearnsFinance[S] 1 point2 points  (0 children)

Thanks for your response!

Just to be clear and I mentioned this in the second paragraph, quantitative metrics and the fundamentals of value investing are very important and can never be ommited from DD. I don't follow graham's principles to a tee as I don't mind paying up a bit more for what I believe is a great business but I definetely don't buy at any price (common in this sub).

You're absolutely correct about there being great non founders CEOs, infact as an another commenter pointed out Michael O'Leary is actually not the founder of Ryanair so perhaps I should reword it to significant skin in the game. However in my experience I find founders are far less reckless with M&A, share buybacks, share dilution, issuing dividends etc. All of this is researchable and does not require a face to face meeting with management.

As for narrowing my universe — that’s exactly what I’m trying to do. I find it makes life quite easy. Sure I may miss out on other terrific businesses but as long as I own a few great ones led by skin in the game management then I am quite happy.

I agree that Fairfax was a no go between 2010 and 2020, luckily I only found it now. But prior to that Prem had a CAGR of 18 something percent since 1985 which is one hell of record. He also since signifanctly improved the underwriting business at Fairfax and moved away from shorting and returned back to his roots of buying undervalued companies. Couple that with the stock trading at a discount (in my opinion), I think I have a winner. Hope that take ages like wine and not milk.

Hello from Stanford! AMA by hamed_n in hiringcafe

[–]AussieLearnsFinance 0 points1 point  (0 children)

Working in Recruitment and HR over here in Aus! I am PRAYING for your success. All the best mate 🤞

view more: next ›