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ASX investor profile picture
ShareShack user name hidden until logged in September 01

Top fund managers on their hits, misses and big themes from earnings season.

Some good ideas of stocks to consider from this, but also where the risks are. The astronomical valuation multiples that tech stocks like Wisetech Global are trading on are singled out as a bubble waiting to burst, especially in a market of rising interest rates where momentum in the stock market could easily lose steam.

I love the fact Wilson Asset Management are big believers in Specialty Fashion Group- which I got into and did well off following their great result last week.

I also like the fact they were disappointed by G8 Education. Like me, they had thought it was inexpensive, but were surprised by the company’s result which revealed an oversupply of childcare centres was negatively impacting its occupancy and profit performance. Makes me feel a bit better about being blindsided by the result and losing money on it- as Wilson’s are one of the best stock pickers in the market 😜

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ShareShack user name hidden until logged in August 28
Specialty fashion has just come out with a great result. Finally a company that hasn’t disappointed! It’s the top holding in Wilson’s Microcap fund, so this time I have followed the money...Show more
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ShareShack user name hidden until logged in July 02
Specialty Fashion Group announced the completion of the sale of 5 loss making brands to Noni B today and outlined the potential of their remaining brand CityChic.

Based on my previous posts on this stock, I am now going to enter very soon. Still below $1.00, so seems like a great value opportunity to me.

Just my thoughts. Not investment advice. Always do your own research and/ or obtain the advice of a licensed investment advisor if you require help.
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ShareShack user name hidden until logged in June 26
UPDATE: SFH broke out of the downward trendline and hit Price target.

As requested here is SFH, On track to hit 1.16. Good buying at 90 cents area. Potential to hit 1.78 area however needs to create more price structure. Who ever bought at 30 cents is a happy camper.

- This is my personal analysis on price action alone and not investment or financial advice.
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ShareShack user name hidden until logged in June 21
Earlier today, I wrote a post on Speciality Fashion Group (SFH) and the thesis Wilson Asset Management has used to accumulate a 9% investment in the company.

Wilson is one of the most highly respected and successful investors in the Australian market, so it is worth taking notice of what they do.

The video below is the presentation they gave a few days ago at a Livewiremarkets Live event which I suspect caused SFH's share price to spike 9% yesterday.

The price came back today on profit taking, so worth thinking about buying, if you agree with Wilson's rationale:

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ShareShack user name hidden until logged in June 21

Stocks I’ll be watching closely today are

1. Blackham Resources- they’ve announced drilling results which indicate a likely increase in resources and reserves to be determined in September. I am already a holder.

2. Great Boulder Resources- they’ve announced great drilling results at their Mt Ven project. I am already a holder.

3. Specialty Fashion Group- their price spiked 9% yesterday off the back of a Livewiremarkets event where Wilson Asset Management said they’d bought 9% of the shares.

Wilson have invested because the stock is only trading on a forward p/e of 9.3x, which is low for a company whose eps they say is forecast to grow at 20% per annum.

They say the group had 5 loss making brands that it recently sold, leaving it with one niche brand CityChic, which apparently is performing very well.

They like the strong online sales of the business and the quality of the management team.

They believe it could be a better quality business than Lovisa- which is trading on a forward p/e of 20x with the same growth.

They reckon the stock could double in a year.

So definitely worth watching as Wilson’s are one of the best fund managers out there.

4. Shriro- I notice there have been a a number of substantial shareholder notices, including from Macquarie.

This share is trading on a p/e multiple of less than 10x. It has almost no debt and potential to grow earnings.

I had held it from $1.00 up to $1.24 and then sold out. Will continue monitoring.

Goes without saying that the above is my own observations and views.

Everyone should do their own research if interested in any of the stocks
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ShareShack user name hidden until logged in June 21
Here's the list of volume spike trades of interest in today's scan (for trading day ending 20-Jun-2018):


Personal disclosure - No direct positions thus far in these companies.
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