Join our investing community

How to catch a monster

Discussion in 'Investor Resources & Tools' started by Raiju Smith, 29th Sep, 2019.

  1. Raiju Smith

    Raiju Smith Member

    Joined:
    29th Sep, 2019
    Posts:
    10
    Location:
    Geelong
    twisted strategies likes this.
  2. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
    1,159
    Location:
    QLD
    i look for small(er ) well run companies and let any BIG gains be a matter of luck , my limited experience is that any really great company is swallowed up by a monster who is under-performing and trying to look good on paper .

    PME .. Promedicus .. currently up 18,600% ( 186 times ) since i bought in during June 2011 for me being the exception , but is now a top 200 share so do not expect the company to continue longer term as a stand alone entity ( which will be sad it has been very nice to me with the dividend payouts .)

    i look at income ( dividends ) and survival prospects first , normally ( but there have been exceptions to that strategy )
     
  3. Raiju Smith

    Raiju Smith Member

    Joined:
    29th Sep, 2019
    Posts:
    10
    Location:
    Geelong
    186 times! Bloody hell, gotta be happy with that.

    I like small as well, higher chance of being miss-priced and a larger potential for upside. I just have to make sure i pick good ones. Shouldn't be too difficult ;)
     
    twisted strategies likes this.
  4. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
    1,159
    Location:
    QLD
    more difficult than it looks the good ones being taken-over , some expanding but recruiting poorly ( or acquirin g excessive debt ) or worst of all attracting the 'guidance' of financial power-houses ( which often reek of self-interest , and agendas ) .
     
  5. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
    1,159
    Location:
    QLD
    sheer luck with PME bought it as a tiny div. payer in the medical/tech sector , has become amazingly popular despite relartively small contracts ( but with prestigous customers )

    i also have sold 90% of my holding as the share rallied over the years ( and yet it is now a top 5 holding anyway )

    the only share i have bought to speciffically double/triple in share price ( and done it successfully ) is MQG .

    the other successes have been 'happy accidents ' while several others have been 'nasty accidents ' ( total or near total losses )