There have been some developments at a couple of my Australian holdings recently. The most important is the takeover offer for Legend Corporation (ASX:LGD) that was announced last week. A link to the filing of the cash offer can be found here. I wrote a post about Legend two years ago for VIB premium (which […]
I’ve made the premium post about Company 3 available to all readers. The post was published in May, 2017. Company 3 is Legend Corporation (ASX:LGD). In short: The business was operating at somewhat depressed levels in the last couple of years, but I thought this was probably temporary. Legend Corporation is a fairly boring business […]
I’m going to write two updates on a couple of Australian holdings that were the subject of earlier posts on the blog. Today’s post is about CMI (ASX:CMI)
Preview: Company 3 is an Australian microcap trading at a single digit multiple of free cash flow and normalized earnings. Business conditions have been somewhat subdued and this has led to a market valuation that I see as attractive currently. Insider ownership is substantial and capital allocation by management has been intelligent. Article type: Portfolio […]
Oceania Capital Partners (ASX:OCP) which was profiled here in July has just completed the disposal of its 50% stake in Cohort, a digital media and lead generation business.