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 7673 up 55 pts orThe highlight was a positive announcement by EOS.Portfolio performancesThe Superfund portfolio lost 0.4% as follows:A 0.9% rise in Audio Pixels (AKP, $12.39 up 11¢, $362m, daily, hrly) added 0.4%. A 0.5% rise in Alpha (A4N, $1.10 up 0.5¢, $945m, daily, hrly) made little difference. Animoca on Primary Markets ($1.00, … 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 7631 down 65 pts or 0.8%AKP had a big day.Portfolio performancesThe Superfund portfolio rose 1.2%, taking the loss for the week to 3.4% and the return for the financial YTD to minus 35.0%. Movements today were as follows:A 5.6% rise in Alpha (A4N, 65.5¢ up 3.5¢, $562m, daily, hrly) added 0.8%. A 3.0% … Read more
All Ords 7710 up 22 pts or 0.3%Rather than falling back as I had feared, last night the S&P 500 broke its bear market downtrend line. And Nasdaq looks as if it is about to do so too. So is this the end of the bear market? Quite possibly. Actually, if the weakness really is … Read more
All Ords 7674 up 8 pts or 0.1%Portfolio performance rescued by Animoca.Quarterlies released by A4N and TER.Bought back those A4N.Portfolio transactionsThs morning I was forced to buy back the A4N that I sold at 59.5c last week, because the stock broke its downtrend, and I paid 61.5c. The stock subsequently fell back, which was annoying, … Read more
All Ords 7249 up 118 pts or 1.7%As is often the case, market up, portfolios down.Portfolio performancesThe Superfund portfolio lost 1.9% as follows:A 4.9% fall in Audio Pixels (AKP, $9.60 down 49¢, $279m, daily, hrly) took 1.4%. A 3.9% fall in Alpha (A4N, 61.5¢ down 2.5¢, $527m, daily, hrly) took 0.5%. A 1.4% fall in … Read more
All Ords 7339 up 1.2 pts or 0.2%Another quiet day, but I was pleased to receive confirmation of the CXL allocation.Portfolio transactionsThe Superfund was allocated the CXL at $4.24 from the SPP today, so there was a nice profit at today’s closing price.Portfolio performancesThe Superfund portfolio gained 1.3% as follows:A 6.8% rise in Alpha (A4N, … Read more
All Ords 7350 evenAt the prompting of a subcriber I corrected the calc for Investment Trust performance. I had been calculating a YTD return worse than -100%, which of course is impossible. The correct figure is -80% (when PET relisted the YTD return went from +0.4% to -65% in one day, and the stock has … Read more
All Ords 7146 down 42 pts or 0.6%A quiet but poor day due to weakness in AKP and ADN.I estimate what TER divs could be on a range of coal prices, and comment on ADN’s presentation material.Portfolio transactionsTrading stocksThe SPZ order was completed today; it wasn’t quite filled yesterday.Portfolio performancesThe Superfund portfolio lost 2.0% as … Read more
All Ords 7051 down 127 pts or 1.8%Summary commentsPortfolio performancesThe Superfund portfolio lost 1.9% as follows:A 7.0% fall in SciDev (SDV, 26.5¢ down 2¢, $50m, daily, hrly) took 1.0%.A 4.3% fall in Phoslock (PET, 4.4¢ down 0.2¢, $27m, daily, hrly) took 0.6%.A 7.1% fall in Andromeda (ADN, 3.9¢ down 0.3¢, $121m, daily, hrly) took 0.5%.A … Read more
All Ords 6976 up 122 pts or 1.8%A better day today thanks to the bounce in the US.I comment further on TER.Portfolio performancesThe Superfund portfolio gained 2.5% as follows:A 3.3% rise in Audio Pixels (AKP, $12.50 up 40¢, $362m, daily, hrly) added 1.1%.A 7.5% rise in Alpha (A4N, 43¢ up 3¢, $349m, daily, hrly) added … Read more
All Ords 6854 down 94 pts or 1.4%Another day, another loss. And I comment on CXL, PET and TER.Portfolio performancesThe Superfund portfolio lost 2.8% as follows:A 6.6% fall in Audio Pixels (AKP, $12.10 down 85¢, $350m, daily, hrly) took 2.3%.A 4.7% fall in Andromeda (ADN, 4.1¢ down 0.2¢, $128m, daily, 4hrly) took 0.3%.A 1.9% fall … Read more
All Ords 6949 up 114 pts or 1.7%Another poor performance relative to the market. I examine the reasons below. I also include an estimate of TER’s EBITDA for the September quarter but there are so many variables that are unknown that it is really only guesswork.Portfolio performancesThe Superfund portfolio fell 0.1%, taking the loss for … Read more
All Ords 6872 down 104 pts or 1.5%Bought back some TER and identified a couple of new breakouts. Of these I prefer ICE to MSB.Portfolio transactionsThis morning the Superfund bought back at $1.104 the TER that it had sold at $1.025 last week. I was motivated to buy them back by the breakout on Friday … Read more
All Ords 6656 down 22 pts or 0.3%Another ordinary performance.I comment on ADN and TER following recent announcements.Portfolio transactionsThis morning the Superfund completed its buy order in AKP at $13.00, taking the total addition to the holding over the last week to just under 10%. With my order completed, and another smaller one at $13.00 … Read more
All Ords6789 down 133 pts or 1.9%The portfolios did OK today to finish ahead, with the biggest influence being a 0.3c bounce in PET to 6.1c.Having now completed the TER spreadsheet as much as I can at this point, I have included some more extensive comments on the company in this report.Portfolio performancesThe Superfund portfolio … Read more
All Ords 7230 up 37 pts or 0.5%Another poor performance today, for the same two reasons – ADN and AKP. I make some comments on ADN following today’s webinar, and on TER following release of its financials.Portfolio performancesThe Superfund portfolio lost 1.8% as follows:A 7.3% fall in Audio Pixels (AKP, $14.47 down $1.14, q $14.47/15.99, … Read more
All Ords 7193 down 152 pts or 2.1%Bit of a disaster today, not unexpected given the US markets on Friday. I took my mind off it by working up estimates for TER starting from scratch. Very interesting. Portfolio performancesThe Superfund portfolio lost 4.3% as follows:A 10.7% fall in Audio Pixels (AKP, $15.61 down $1.88, $448m, … Read more
All Ords 7360 up 68 pts or 0.7%Bought into TER but the main feature of the day was a huge fall in ADN although thankfully the effect was more than offset by a huge rise in AKP. ADN’s fall was caused by a disturbing release by the company, while I guess AKP’s strength just reflects … Read more
All Ords 6886 down 31 pts or 0.4%Portfolio stocksAndromedaToday someone exercised 2.5 million unlisted 6.4¢ options expiring 28 November 2022 for an outlay of $160,000. It would have been an employee or ex-employee, who probably exercised them early in order to sell some or all of their new shares to fund other activities. The number … Read more