Robusta fundamental, leveraged investments

robusta · 21 April 2015

New Investment

CAR - Carsales.com

Bought 152 @ $9.82 = $1512.59 21/4/15

I like the stranglehold they have on the Australian market and the Asian growth investments through South Korea and equity holding in ICQ - Icar

I have a buy order in for ICQ as well but the price moved away from me after the record revenue growth announcement today.

robusta · 26 April 2015

New Investment

ICQ - ICar Asia

Bought 1684 @ $0.89 = $1518.71 24/4/15

Record revenue recently announced last quarter, looks like they are starting to build the network effect.

Hoping to see some profits in 2016

Miner · 27 April 2015

robusta said:
New Investment

ICQ - ICar Asia

Bought 1684 @ $0.89 = $1518.71 24/4/15

Record revenue recently announced last quarter, looks like they are starting to build the network effect.

Hoping to see some profits in 2016

Robusta
Don't know how could I miss your thread for so long considering you commenced in 2011 and looks like consistent. All season players like SKC , Value Investor et. al commented on your thread shows the value of it.
Now I have put your thread on my automatic notification. It is an excellent thread with clear and concise information . Good work mate.

Back to ICQ and CAR - these two were recommended heavily by Motley Fool. I however noticed services of CAR as an advertiser gets discounted by small value car sellers. I personally used the service and found useless. A guy came to buy my car told that the car valuation by Car Sales is always 10 to 15% higher side. The purpose of me sharing this to learn from sustainability perspective if credibility is an issue how long CAR and ICQ can sustain?

Regardless, looking into the scrips you have invested and shared with others, I will be keenly watching these two.
Needless to mention you are doing a great public service (Joe should offer you some gift .

robusta · 5 May 2015

Miner said:
Robusta
Don't know how could I miss your thread for so long considering you commenced in 2011 and looks like consistent. All season players like SKC , Value Investor et. al commented on your thread shows the value of it.
Now I have put your thread on my automatic notification. It is an excellent thread with clear and concise information . Good work mate.

There has been some great contributors on this thread, their input has been priceless to me and hopefully can be useful to others.

Miner said:
Back to ICQ and CAR - these two were recommended heavily by Motley Fool. I however noticed services of CAR as an advertiser gets discounted by small value car sellers. I personally used the service and found useless. A guy came to buy my car told that the car valuation by Car Sales is always 10 to 15% higher side. The purpose of me sharing this to learn from sustainability perspective if credibility is an issue how long CAR and ICQ can sustain?

That is interesting I wonder how they come up with their values. Through their network they would have a accurate history of average sales for each make and model. Perhaps they allow a margin for negotiation? I will have to do some

Miner said:
Regardless, looking into the scrips you have invested and shared with others, I will be keenly watching these two.
Needless to mention you are doing a great public service (Joe should offer you some gift .

Now that's a thought, I'm happy to accept cash or beer

robusta · 20 May 2015

New Investment

CGF - Challenger Limited

Bought 216 @ $6.92 = $1514.67 20/5/15

Looked at this one for a while and avoided because of the exposure to bonds and my general dislike of annuities. But you can't ignore that growing FUM forever and the large and growing market they have almost to themselves.

kushi212 · 20 May 2015

amazing thread...
lots to learn for a newbie like me..
congratulations on the amazing investments robusta..
Keep rocking !!
Cheers !!

robusta · 28 May 2015

Thanks for that Kushi. hopefully this latest investment will turn out well.

New Investment

REA - REA Group

Bought 38 @ $39.88 = $1535.39 28/05/15

Wanted a piece of this one for ages, have watched all the way up from $12.00 in fact. Took me a while to work out how the profits from any growth fall straight to the bottom line and this business is a growth machine.

Maybe I've paid too much but got to love that network effect.

Want to buy or rent a house? Well look on realestate.com, thats where the vast majority are listed.

Want to sell or rent out a house? It would make sense to look where the majority of buyers and renters are looking.

As a bonus the overseas expansion could provide some fantastic upside.

robusta · 4 June 2015

New Investment

CAM - Clime Capital

Bought 1630 @ $0.92 =$1519.55 4/6/15

This one is not going to shoot the lights out but I can see it compounding at 10% plus well into the future.

I also like the quarterly distributions and will participate in the DRP and can see it paying my utility bills in retirement.

So_Cynical · 4 June 2015

robusta said:
New Investment

CAM - Clime Capital

Bought 1630 @ $0.92 =$1519.55 4/6/15

This one is not going to shoot the lights out but I can see it compounding at 10% plus well into the future.

I also like the quarterly distributions and will participate in the DRP and can see it paying my utility bills in retirement.

Yeah, im watching for an entry as well....same rational as you.

robusta · 4 June 2015

So_Cynical said:
Yeah, im watching for an entry as well....same rational as you.

Yep, management seem to be patient with capital, shareholder friendly and happy to take a longterm view.

Dividend's gone from 1.15 cents / quarter to 1.2 cents / quarter

Miner · 5 June 2015

So_Cynical said:
Yeah, im watching for an entry as well....same rational as you.

robusta said:
Yep, management seem to be patient with capital, shareholder friendly and happy to take a longterm view.

Dividend's gone from 1.15 cents / quarter to 1.2 cents / quarter

Folks
May I ask who is your CHESS sponsor ?
With Commsec my SP goes too high after paying a minimum $29.95 to commsec online orders. For a $1000 parcel the SP thus on sale or purchase always goes down by 2.995 %.
Look forward to hear back if you please.
Thanks

So_Cynical · 5 June 2015

Miner said:
Folks
May I ask who is your CHESS sponsor ?
With Commsec my SP goes too high after paying a minimum $29.95 to commsec online orders. For a $1000 parcel the SP thus on sale or purchase always goes down by 2.995 %.
Look forward to hear back if you please.
Thanks

HSBC for me, they use the Bell direct platform $15.95 per trade up to 15K.

VSntchr · 5 June 2015

Miner said:
Folks
May I ask who is your CHESS sponsor ?
Thanks

If price is your main concern, OpenMarkets is very cheap. Worth looking into. Very good service too, if your interested just give them a call. A few other ASF'ers are clients also.

Miner · 5 June 2015

So_Cynical said:
HSBC for me, they use the Bell direct platform $15.95 per trade up to 15K.

VSntchr said:
If price is your main concern, OpenMarkets is very cheap. Worth looking into. Very good service too, if your interested just give them a call. A few other ASF'ers are clients also.

Many thanks So_Cynical and Value Snatcher for your prompt responses.
I will check out the details and action accordingly

Regards

robusta · 25 June 2015

New Investment

BST - Barrack St Investments Limited

Bought 1852 @ $0.81 = $1520.07 25/6/15

Spotted this micro LIC a couple of months ago.

The top 5 investments of the company are:
Carsales 11.5 %
Real Estate Group 10.4 %
Platinum Asset Management 10.2 %
Domino Pizza 9.9 %
Seek Limited 9.8 %

NTA is around $1.00 per share so from my point of view it could be worth me holding.

robusta · 29 June 2015

Starting to see some opportunity in this market.

Investment Increased

Navitas Limited

Bought 360 @ $4.16 =$1517.55

Investment Increased

IMF Bentham Limited

Bought 909 @ $1.64 = $1513.87

And yes I will be looking again tomorrow.

robusta · 17 July 2015

New Investment

XRO - Xero Ltd Fpo

Bought 98 @ $15.39 = $1528.17 !7/7/15

Really, really hard to justify buying this off the numbers.

I've been reading reviews of their software and it looks to me like they have something special. They could be in with a shot of being an international market leader with that lovely sticky recurring revenues.

craft · 18 July 2015

robusta said:
New Investment

XRO - Xero Ltd Fpo

Bought 98 @ $15.39 = $1528.17 !7/7/15

Really, really hard to justify buying this off the numbers.

I've been reading reviews of their software and it looks to me like they have something special. They could be in with a shot of being an international market leader with that lovely sticky recurring revenues.

http://www.growthpath.com.au/Business-IT/review-of-myob-liveaccounts-and-xero-accounting-in-the-cloud.html

I estimate they will need something around 20% market share in the US to justify current prices. Intuit is a big Gorilla. David and Goliath maybe/hopefully - I haven't got the guts but hope both you and they succeed.

sinner · 19 July 2015

craft said:
http://www.growthpath.com.au/Business-IT/review-of-myob-liveaccounts-and-xero-accounting-in-the-cloud.html

I estimate they will need something around 20% market share in the US to justify current prices. Intuit is a big Gorilla. David and Goliath maybe/hopefully - I haven't got the guts but hope both you and they succeed.

Hempton from Bronte Capital on Xero, early last year. Good anecdotes.

http://brontecapital.blogspot.com.au/2014/01/xero-and-precious-petals-of-new-zealand.html

robusta · 22 July 2015

craft said:
http://www.growthpath.com.au/Business-IT/review-of-myob-liveaccounts-and-xero-accounting-in-the-cloud.html

I estimate they will need something around 20% market share in the US to justify current prices. Intuit is a big Gorilla. David and Goliath maybe/hopefully - I haven't got the guts but hope both you and they succeed.

Sorry for the tardy reply. Work has been flat out.

I agree looking at the numbers there is no way this one stacks up.

My hope and it is a hope is Zero can become like the Windows operating system of accounting software.

It could be guts it could be stupidity but I know this will be a binary outcome, either loss of capital or a multibagger. I would not make this a large position size.

sinner said:
Hempton from Bronte Capital on Xero, early last year. Good anecdotes.

http://brontecapital.blogspot.com.au/2014/01/xero-and-precious-petals-of-new-zealand.html

Thanks for the links.

Even those Fools are confused.

http://www.fool.com.au/2015/07/22/heres-why-i-think-xero-fpo-nz-is-a-sell/

http://www.fool.com.au/2015/07/13/why-i-just-quadrupled-my-holdings-in-xero-fpo-nz/

Here is todays CEO presentation.

http://www.asx.com.au/asxpdf/20150722/pdf/42zyx0yk9mx71p.pdf

Robusta fundamental, leveraged investments

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