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What got you into the markets in the first place? It started out by just researching how to save on fees. I was not on board with paying a mutual fund 3% to hug an index. I ended up reading a couple of books about mutual funds and started to pick the funds myself. Eventually I got rid of all …
What got you into markets in the first place? It’s a long but an interesting journey with a few key events that are worth mentioning. My first exposure to the markets was through my father, who was an investor and a trader. My father used to ask me to read out stock quotes from the newspaper and that was my …
As stated in my $50k Challenge Annual Review post I will be providing an update on the stocks that are in my portfolio as quite a bit has happened since I purchased them. Every week I will release an update on 1 stock with this week focussing on MSE. Company Name: MSE Purchase Price: 0.006 Current Price: 0.013 Corporate Update: …
The $50k Challenge Update 14 – 14/07/2020 Stock Code: 8CO Shares Purchased: 255,000 Share Price: 0.065 Reasons for Buying: Management own 25% of the register No Debt $1.8m Cash in the bank Major clients including various Australian Government departments Financial Analysis: FY20 revenue up 8%. This would have been much higher if not for COVID impacts SaaS revenue up 30% …
The $50k Challenge Update 13 – 14/07/2020 Stock Code: CR1 Shares Sold: 41,666 Share Price: 0.40 Profit: $6,666 / 67% Reason for Selling I orginally purchased CR1 for the possibility of management acquiring a major lease in the resources space. They have done this many times in the past and have been very successful with this strategy. After purchasing CR1 …
The $50k Challenge Update 12 – 06/07/2020 Stock Code: CDX Shares Purchased: 480,000 Share Price: 0.025 Reasons for Buying: Company looking to achieve cash flow break even by the end of 2020 based on strong uptrend in revenue. Multiple new partnerships announced over the past 6 months to extend the reach of CDX in the telehealth sector. The telehealth sector …
The $50k Challenge Update 11 – 06/07/2020 Stock Code: LCDShares Purchased: 476,000Share Price: 0.021 Reasons for Buying: Market Cap of $6.3m with $3.3m cash gives an enterprise value of only $3m. Quarterly outgoings on average are sub $100k so management are very frugal with their cash which is great. Top 20 shareholders as of the last annual report holding 57.6% …
The $50k Challenge Update 10 – 24/06/2020 Stock Code: HMXOD Shares Sold: 1,383,000 Share Price: $0.014 (average) Loss %: 23% Loss $: $6,020 Reason for Selling I royally stuffed up the execution on this great company. The options have an expiry date of 30 September so I was forced to sell the options as the risk of holding was too …
An introduction to Tolga Kumova I first heard of Tolga due to his huge success in SYR which ran from 6c to $6.50. This stock made him rich as well as famous in the ASX micro-cap space. When you read of these sorts of gains you think of the money, cars and houses. What you never really think about is …
Well it’s been a couple of years since I launched my Penny Stock Investing courses and to date it has been a hugely rewarding experience for me. Communicating with students, answering questions and watching some of them grow in such a short period of time has been amazing. These courses were never designed as a means of selling someone a …