All Ords 8317 down 98 pts or 1.2%I apologise for not publishing a post on this blog yesterday. Would you believe I forgot to put my laptop in my bag when I took the train down to Sydney to stay overnight there before the AGM today, and I was too tired to do it on … Read more
All Ords 8157 down 166 pts or 2.0%The portfolio could not escape the weak market conditions.In this report I make some comments on PET following my appointment as CEO.Portfolio performancesThe Superfund portfolio lost 1.5% as follows:Animoca on Primary Markets (60¢, 52/70¢, $1.2b) traded but closed unchanged. Audio Pixels (AKP, $6.20, $181m or $196m diluted) was … Read more
All Ords 7932 up 25 pts or 0.3%Dealt with 9 quarterlies plus the PET stuff so am now feeling my age.And as half expected, AKP is still not able to demonstrate its Gen II speaker chip.Portfolio performancesThe Superfund portfolio lost 0.7% as follows:A 14.1% rise in Blue Star Helium (BNL, 0.8¢ up 0.1¢, $15.5m or … Read more
All Ords 7576 down 47 pts or 0.6%AKP the star.Portfolio performancesThe Superfund portfolio gained 4.0% as follows:A 7.5% rise in Audio Pixels (AKP, $8.75 up 61¢, $256m or $276m diluted, daily, hrly) added 2.9%. A 5.0% rise in Animoca on Primary Markets ($1.05, $1.00/1.10, $1.9b) added 0.5%. A 1.6% rise in Alpha (A4N, 94¢ up … Read more
All Ords 7662 up 63 pts or 0.8%Have we seen the bottom for the resources sector?Portfolio performancesThe Superfund portfolio fell 0.1%, taking the loss for the week to 0.4% and the return for the financial YTD to minus 20.1%. Movements today were as follows:An 8.0% rise in Besra Gold (BEZ, 13.5¢ up 1¢, $56m or … Read more
All Ords 7385 down 2 pts onlyThe high AKP weighting in the portfolios is sometimes good and sometimes horrid. Today it was the latter.Read the commentary on PET, you might find it interesting.Portfolio performancesThe Superfund portfolio lost 2.8% as follows:A 4.7% rise in Blue Star Helium (BNL, 2.2¢ up 0.1¢, $43m or $46m diluted, daily, … Read more
All Ords 6968 up 7 pts or 0.1%Huge number of quarterlies to go through, all commented on in this report.Portfolio performancesThe Superfund portfolio gained 0.7% as follows:A 33.9% rise in Animoca on Primary Markets (75, 75/80¢, $1.4b) added 2.1%. A 0.1% rise in Audio Pixels (AKP, $8.76 up 1¢, $256m, daily, hrly) added 0.1%. A … Read more
All Ords 7517 down 9 pts or 0.1%Death by a thousand cuts.Portfolio transactionsThis morning the Superfund sold out of BOE at $3.91, making a reasonable profit on the $3.50 paid a couple of weeks ago. I just felt that the shares could retrace a bit in the short term (although that wasn’t the case today). … Read more
All Ords 7526 up 36 ptsLooking forward to VMM’s drilling program.Portfolio performancesThe Superfund portfolio gained 0.3% as follows:A 13.8% rise in Viridis Mining (VMM, 62¢ up 7.5¢, $19m, daily, hrly) added 0.7%. A 9.2% rise in Boss Energy (BOE, $3.92 up 33¢, $1.4b, daily, hrly) added 0.3% Animoca on Primary Markets ($0.80, $0.66/0.80, $1.5b) closed … Read more
All Ords 7518 up 11 pts or 0.1%Big rises in A4N unrelated to its report, and in MEI and VMM following the release of some remarkable assays at Caldeira, were partly offset by a relatively small fall in AKP post its update which revealed a further delay in receipt of the G2 chips.Portfolio performancesThe Superfund … Read more
All Ords 7364 down 47 pts or 0.6%A sea of red today, again. We’re in the biggest correction since February.Portfolio transactionsI placed an order to buy back some Peak Rare Earth shares (PEK, 42c down 3.5c, $114m, daily) at 42c but managed to acquire just 1 share, in the after-market session.Portfolio performancesThe Superfund portfolio lost … Read more
All Ords 7520 up 27 pts or 0.4%AKP was the highlight today.Portfolio performancesThe Superfund portfolio gained 5.8% as follows:A 12.8% rise in Audio Pixels (AKP, $12.39 up $1.41, $362m, wkly, daily, hrly) added 5.6%. A 2.2% rise in Meteoric Resources (MEI, 23¢ up 0.5¢, $446m, daily, hrly) added 0.1%. A 2.4% rise in Besra Gold … Read more
All Ords 7493 down 61 pts or 0.8%The end of the road for PET?Portfolio transactionsThis morning the Superfund paid 68c to buy back about half of the VMM it sold last week at 65c. The repurchase followed the break of downtrend on Friday and initial market interest this morning when VMM announced the acquisition of … Read more
All Ords 7569 up 25 pts or 0.3%PET trading halt had my attention today.Portfolio performancesThe Superfund portfolio lost 0.3% as follows:A 23.8% rise in Animoca on Primary Markets ($0.99 up 19¢, $0.80/0.99, $1.8b) added 1.7%. A 1.8% rse in Alpha (A4N, $1.12 up 2¢, $m, daily, hrly) added 0.2%. Andromeda (ADN, 2.7¢, $m, daily, hrly) … Read more
All Ords 7616 down 57 pts or 0.7%PET’s quarterly was the highlight for me today. Its cash drawdown during the June quarter was much lower than investors such as myself had expected, largely due to lower costs, and so the shares have staged a huge rally. I sold out too cheaply and to add insult … Read more
All Ords 7443 up 41 pts or 0.6%Great performances by MEI, BEZ and PEK were overshadowed by a fall in AKP.And I sold the last of the PET.Portfolio transactionsThis morning the Superfund took advantage of the rally in PET to sell the balance of its holding at an average of just under 1.6c. It had … Read more
All Ords 7506 down 43 pts or 0.6%Wth AKP now being such a big component of the portfolios, the performance of the stock largely dictates the performance of the portfolios. For every 10% change in AKP the portfolio value changes by 5.5%.Portfolio performancesThe Superfund portfolio lost 0.7% as follows:A 5.0% rise in Andromeda (ADN, 4.2¢ … Read more
All Ords 7274 down 114 pts or 1.5%Buying AKP and selling elsewhere.Portfolio transactionsThis morning I wanted to buy more AKP through the Superfund and managed to do so at just under $14, increasing the number of shares held across the two portfolios by 12%. I figure if Fred thinks $14 is a bargain, it IS … Read more
All Ords 7395 up 61 pts or 0.8%I bought back into A4N, comment on AKP and PET, and highlight a few interesting breakouts.Portfolio transactionsThis morning I bought back at $1.075 the A4N I sold on Friday at $1.026, after the shares broke out of their medium term downtrend. And of course later in the day … Read more
All Ords 7447 down 3 pts onlyEOS and its AGM was the highlight for me todayPortfolio performancesThe Superfund portfolio lost 0.3% as follows:A 0.6% rise in Audio Pixels (AKP, $9.05 up 5¢, $263m, daily, hrly) added 0.1%. A 0.9% rise in Peak Rare Earths (PEK, 56.5¢ up 0.5¢, $134m, daily, hrly) added 0.1%. Animoca on … Read more
All Ords 75021 up 19 pts or 0.3%This report was finished on Sunday. Sorry about that but I was travelling on Friday and there were so many announcements to cover. So the report is a little larger than normal.Portfolio performancesThe Superfund portfolio fell 0.9%, taking the loss for the week to 3.0% and the return … Read more
All Ords 7560 up 40 pts or 0.5%Lots of good looking charts today. I tried to choose new ones rather than ones that I highlighted previously.Portfolio performancesThe Superfund portfolio fell 1.0%, taking the gain for the week to 2.1% and the return for the financial YTD to minus 35.4%. Movements today were as follows:A 7.4% … Read more
All Ords 7412 down 22 pts or 0.3%Today saw a portfolio trade and some interesting price movements. Now hanging my hat on PEK. The kiss of death?Portfolio transactionsI made one of my rare trades this morning with the Superfund selling out of CXL to almost double up on PEK. The CXL was sold at just … Read more
All Ords 7312 up 76 pts or 1.1%A$N has broken out.Portfolio performancesThe Superfund portfolio gained 2.1% as follows:A 14.5% rise in Alpha (A4N, 83 up 10.5¢¢, $712m, wkly, daily, hrly) added 2.5%. A 2.8% fall in Audio Pixels (AKP, $8.75 down 25¢, $254m, daily, hrly) took 0.7%. A 4.4% rise in Andromeda (ADN, 4.7¢ up … Read more
All Ords 7236 up 17 pts or 0.2%It was a better day for the portfolios but is it sustainable?Portfolio performancesThe Superfund portfolio gained 4.1% as follows:A 25.0% rise in Animoca on Primary Markets ($1.40 up 28¢, $1.10/1.30, $2.6b, daily) added 2.4%. A 13.5% rise in Phoslock (PET, 4.2¢ up 0.5¢, $26m, daily, hrly) added 1.5%. … Read more
All Ords 7149 down 52 pts or 0.7%A4N continues to add value to its project.Portfolio performancesThe Superfund portfolio gained 0.6% as follows:An 11.1% rise in Animoca on Primary Markets ($1.10 up 11¢, $0.90/1.12, $2.0b) added 1.0%. A 2.7% fall in Audio Pixels (AKP, $8.02 down 22¢, $233m, daily, hrly) took 0.7%. A 3.1% rise in … Read more
All Ords 7201 up 59 pts or 0.8%A disappointing day for PET shareholders.Portfolio performancesThe Superfund portfolio lost 3.2% as follows:An 11.1% fall in Phoslock (PET, 4.0¢ down 0.5¢, $25m, daily, hrly) took 1.5%. A 5.5% fall in Audio Pixels (AKP, $8.24 down 48¢, $239m, daily, hrly) took 1.4%. A 2.3% fall in Alpha (A4N, 63.5¢ … Read more
All Ords 7456 down 2 pts onlyI completed my analysis of PET and rather than write a formal research report as I might have done once, I am simply writing it up here in the blog. While I maintain a detailed financial model in spreadsheet form, I no longer in my old age have the … Read more
All Ords 7458 up 38 pts or 0.5%A busy day with AKP, EOS, PET and TER all reporting. ADN is still to report; not a good look.Portfolio performancesThe Superfund portfolio lost 2.4% as follows:A 10.9% fall in Phoslock (PET, 4.9¢ down 0.6¢, $31m, daily, hrly) took 1.8%. A 5.6% fall in SciDev (SDV, 33.5¢ down … Read more
All Ords 7553 evenHalf year and full year financials will be released within the next 6 trading days. With quarterlies for most of the portfolio companies having been released in January (excluding CXL and EOS) there should not be too many surprises on the financials but the commentary will be crucial for AKP in particular.Portfolio … Read more