Recent content by deepvalue

Sorry for the lack of updates. No. of trades: 71 Starting Balance: £3,000 Current Balance (net of commissions + interest): £8,119 Total comm paid: AUD 1,039 Total interest paid: AUD 308.65 Total costs approx: £740~ One massive oversight, and potential flaw in my strategy, was being unaware...

Closed Opened Market Direction Size Opening Closing P/L Funding Borrowing Comm. Total 9/04/14 3/04/14 Mincor Resources NL BUY 22,222 0.66 0.72 1,333.32 -12.93 - -30.45 1,289.94 9/04/14 7/04/14 Mincor Resources NL BUY 22,222 0.66 0.72 1,333.32...

Hi Pas, Yes, SDM is on my watchlist.. Net cash at annual report was 75m... They put out a note in November, saying deteriorating market will probably mean a 7-8m half year loss. I don't know if this is cash/non cash items but assuming it is that'd put cash down around 31c/ps Problem with...

Trying not to overcomplicate the situation, however I have been searching for a metric that will quantify whether current price is lagging/leading the movement in Nickel (and hence margins). I’ve decided to have a look at EV/Margin(mt). The stock in terms of premium to cash backing has started...

A ton of volatility in the NI this week, and also the AUD. ASX nickel stocks are highly sensitive (obviously) to moves in the NI price, but noticeably less sensitive to moves in the AUD. Assuming no hedged sales, any movement in NI price can either be amplified or offset by a corresponding...

Another profitable day. More a function of the market going up. I'm trying to get a little too cute with my scalping, not overly happy as I'm drifting from my objective of trying to catch a larger overall swing. MCR's quarterly is approaching next week, I will go into a little more detail...

Hi Jack o'Clubs. Great points indeed. I'll often look at the Enterprise Value (EV) of a stock. For those who aren't fundamentalists, EV rewards cash and punishes debt & market cap. It's an objective measure and for me provides a great starting point. If you can find stocks with tiny enterprise...

First trade was initiated at the beginning of December. MCR (ASX) fits my criteria, as a strong balance sheet provides protection to the downside whilst maintining full upside exposure to a host of macro catalysts. Below is a summary of trades thus far: Date Description...

Thanks Martinghoul. Whilst our strategies may differ i'm sure there is some common ground along the way so feel free to chip in wherever you see fit.

Hi Purple, Asymmetric? A skewed payoff...... the old make 2,3,4x or lose .5 In my opinion picking a top is a far harder feat than finding a bottom. There's an absence of the sought "safety net" and your at the mercy of sentiment, which by that stage can be void of any logic or rationale. I've...

I try to keep things pretty simple. Seeking asymmetrical investment opportunities in the small to mid cap equity sector. Usually: (1) Equities trading at a deep discount to net tangible assets, with a catalyst to unlock value. (2) Cash-flow positive stocks with a low enterprise value, solid...