The market staged a big turnaround this week; unfortunately our holdings didn’t keep pace.  I guess the question is – can the gains be sustained.  It is hard to tell, but to my way of thinking, positive economic news is starting to out-weigh negative economic news.  I always focus on US news, because like it […]

I write this blog mid-week before it is to be posted (i.e. prices used were sourced Wednesday – don’t scream if they’ve changed, they change all the time!), after looking back through my posts last week to find the post I referred to in last weeks blog, I found my proposal in Update No. 6.  […]

We start this week with a quote from the greatest literary work of the 20th century: The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his […]

I’ll be relatively brief this week; for there are a great many valuations I need to focus my efforts on at this time of year.  Wednesday evening (14th), the time the first draft of this post being written, the S&PASX200 TR index (our benchmark) is down 15.3% since our April 1stinception, our fund at this […]

The Fund NTA dipped a bit this week (more than the market) as our largest holding which is the subject of a corporate action declined in price, as the bidder games the target.  If the takeover falls over at current prices, I truly believe it will serve our fund-holders better, though it may hurt short-term […]

There was a flood of profit announcements this week, I will briefly focus on 4 that are members of the EGP20 and discuss one that is not.  The funds holdings did not quite keep pace with the markets bold upward move this week, but we still have half of our holdings yet to announce and […]

The global share-markets seemed to settle somewhat this week until Friday, when I had cause to think of famous bush poet John O’Brien’s words in his Australian classic – Said Hanrahan.    "We'll all be rooned," said Hanrahan, "Before the year is out”.   As long as the market is ‘rooned’ by October, I’ll be […]

Well, what a fascinating week that was, for those who were watching the market from day to day, you would have noticed some highly unusual behaviour.  The market moved from substantial losses to gains in a single day and vice-versa, depending on a variety of factors.  Interestingly, the Australian market was one of the strongest […]

Some investors in shares at the moment could be forgiven for feeling like Rodney Dangerfield when he said “My luck is so bad that if I bought a cemetery, people would stop dying”. If your horizon is a couple of years out or more, I really believe you need not panic.  In fact for holders […]

A question without notice to readers: Without researching, which sectors of the market do you think have been the best and worst performers this year? To help those less familiar, the main sectors are these: Energy, Materials, Industrials, Consumer Discretionary, Consumer Staples, Health Care, Financials, Information Technology, Telecommunications Services, Utilities and Real Estate Investment Trusts. […]

Like a kid before Christmas, I am counting down to reporting season.  I have found this useful link that shows what appear to be most of the ASX300 companies reporting dates.  Alesco (ALS) seem to kick-off reporting season on 26 July, only 2 days until I get a daily dose of Appendix 4E’s to keep me […]

I thought I would share a little of my recent analysis with you.  It significantly boosted my confidence about the near to medium term global economic outlook.  I was prompted to do a little digging after the most recent US employment figures ‘spooked’ the market a little on July 8, it’s been on a downward […]

Performance Table   April 1 2011 July 1 2011 Current Price Current Period Since Inception EGPFund No.1 1.00000 1.08396* 1.13072 4.31% 13.07% S&PASX200TR 35632.05 34200.68 34549.41 1.02% (3.04%) EGP20 1000.00 883.67 926.65 4.86% (7.33%) *Note – Audited Period Starting Price EGP Fund No. 1 Pty Ltd. Up by 4.31%, leading the benchmark by 3.29% since July […]

Performance Table   April 1st 2011 Current Price Since Inception EGP Fund No. 1 1.00000 1.08396* 8.40% S&PASX200TR 35632.05 34200.68 (4.02%) EGP20 1000.00 883.67 (11.63%) *Note – Unaudited Period Closing Price EGP Fund No. 1 Pty Ltd. Up by 8.40%, leading the benchmark by 12.42%. Please note this is the unaudited result, though I do […]