In Update No. 97 back in January of this year, I made this bold prediction: The US and Chinese economies (the two most important in the world) will have a sound 2013 in my view, and given current valuations and the economic conditions in Australia, I would expect the Australian indices will on the balance […]
Category Archives: Regular Updates
These are the EGP Capital regular reports.
Selling I have said many times is easily the hardest part about investing. I mentioned that I had disposed of our TPI holding a few weeks ago, because the level of commitment to debt elimination displayed was not what I had hoped it would be, and it was the one holding I spent the most […]
The markets continued their upward drift this week; we have hit a new record high 11 of the last 13 weeks. I expect my fellow holders are very pleased with this, but I would say – do not expect it to be ever thus, for such a strong run cannot continue indefinitely, the chart setting […]
A few things have happened over the last week or two that make me think the market is definitely at or above fair value. These are not empirical or technical things, but anecdotal ones that are a little disconcerting. As I have pointed out before, this doesn’t mean bail out, just take great care in […]
For those that struggled with missing the regular update (with last week being skipped), for the week ending 06/10/2013, the EGP share price was $1.51335, which was down 0.18% for the week, this compared very favourably with the market which declined by 1.86% over the week, meaning we ended the week with an all-time record […]
This update will mark the end of our quarter 1 for financial year 2014. The quarter in truth ends Monday, but that doesn’t tie in with my weekly posting habits, so we’re using Sunday 29 September as the end of quarter 1 for the fund. I have linked the first quarter report, which will remain […]
There was lots of activity in financial markets this week. The biggest news was the fact the US Federal Reserve did not reduce the pace of ‘QE3’. This created buoyancy which led to meaningful strengthening in the Australian Dollar and a sixth consecutive week with the index closing at a higher price. Both the EGP […]
The market in my view is pretty near to fair value at present. Depending on your nature, this might cause you to consider other options if you have money to invest. Let me put forward an argument as to why you shouldn’t let a ‘fair-price’ scare you off. The average result has historically been […]
The fund finished at its sixth consecutive record weekly high this week. But the beard survives to grow for another week at least… I had a very good response to the last mention of a stock we hold, a huge amount of correspondence with people asking questions and giving interesting feedback. With a view to […]
Existing holders will receive their quarterly invitation to invest over the weekend. The first quarter FY2014 intake will be based on the published closing price on September 27th, given that the 30th is a Monday. If for any reason you don’t receive your e-mail and wish to subscribe, contact me Tony@eternalgrowthpartners.com and I will forward […]
Next week is the final week of FY2013 reporting season. After commencing the season with 18 holdings, we have had 7 companies due to report in the final week, 2 that report out of sequence with the Australian financial year and 9 that have reported. We had a few reports this week, most met or […]
We are primarily invested in small and medium companies. Such companies tend to be laggards in respect of their reporting, with most reporting on the very last possible day. I commented on Twitter this week that this will mean the last weekend in August will be a very busy one for me, or anyone who […]
When I returned from the UK and China in early January, my Wife (Sue) had only one important question. When is that awful beard coming off? Now, I’ve worn a beard virtually constantly since I was about 17, but it’s always been a military trim. But in anticipation of a cold UK winter, I had […]
EGP hit a new all-time high this week (adjusted for the payment of dividends), surpassing the last peak set on 12 May 2013. The ASX200TR (our benchmark) is only about 1% off its all-time high (since the inception of EGP) attained on the same day. The first 5 weeks of FY2014 have gotten off to […]
Sharpe ratio is a calculation widely used in the fund management industry to measure ‘risk’. I have linked to a spread-sheet I set-up this week that sets out our Sharpe ratios 9-ways. In each of ‘weekly’, ‘monthly’ and ‘annually’ I compare EGP’s performance to the market (ASX200TR), EGP’s performance to a ‘risk-free rate’ (I have […]