Qav Podcast

Ray Dalio on BTC. Lou Simpson’s investing philosophy. The proposed TLS break-up. Selling low dividend payers. Tolerance for older data. KRMs health score. 3PTL for ADH, HLA & HVN. Tony's view on the Iron trend line. Replacing IV1 and IV2 with PE ratios.

This week: MRC firing their CEO and the price dropped 25% - why didn't we sell?; Lincoln fund results; ASA webinar by James Holt; WAAAX performance 20/21; CVL down 13% since we bought it; MAH groundhog; Flitman model is out; red flags for companies that might go into a trading halt; why share prices fall after they go ex dividend; how TK decides what to sell when he needs to take cash out of his portfolio; commodity stocks sell lines; sentiment for HAW, AGD, AIS; is GCY now a sell?

Selling BEN; calculating portfolio performance; stocks being removed from an index; companies with just six months of data; timing of a new 3pt upturn; share buy backs; DPS vs EPS; qualified audits; Vocus (VOC) takeover; highest QAV scores for ASX200; "GOLDEN CROSS" and "DEATH CROSS”; company notices; balancing out tax payable on portfolio gains.

Workshops; Lemmings; CBA launches BNPL service; CVL below the buy price; STOW = GCY; ZIM audit unsplatted; How Tony decided to sell a stock before the 3PTL; Should we fudge the ECX sell line; EVZ qualified audit; what metrics make up the SD IV; where Tony learnt how to draw 3PTL; gold price chart on index mundi; how the chi x works with or along side the asx.

The 2021 Buffett newsletter; Why we sold HAW & RMS; how important is negative EPS; the impact of unlisted share options; the high prices of the banking sector; Tony’s thoughts on Dividend reinvestment plans; and Tony’s thoughts on investing through high inflation or high interest rate environments such as the 1980s.

Our guest on this episode is American investor David Waldron, author of "Build Wealth With Common Stocks", a great, new introduction to value investing.

Selling HAW. GME lawsuit. Changes to disclosure law. Stock of the week. Return on Equity as a metric. Greater portfolio allocation for higher QAV scores. Trendline buffers. Manually entered scores. BOQ / ME merger. MXI qualified audit. MQG Capital Notes 5 raise. Selling “overvalued” stocks.

The Kohler Effect. Broker Speak. ETF surge. Rudi on Value. The "Buffett indicator”. Stock of the week - BOQ. On market share buyback facilities. GDG and Pooled Development Fund (PDF). Reporting season patterns. MSV impairment announcement. Last Period Analysed column. KRM care and maintenance. VUK sell line.

This is the audio from our 4th Zoom call recorded 9 Feb 2021.

On this episode: GME update; BNPL stocks to be regulated in the UK; Roger Montgomery says there’s no ASX bubble; Stock Doctor commodity pricing; NCK is TK’s Stock of the Week; our portfolio EOM report; VUK cashflow; investing based on commodity prices; if TK would use options; what TK would do if there were two stocks with with similar scores; and is a buy/sell activated if price crosses over the line intra-month?

Hedge funds v Reddit. Ray Dalio on Bitcoin. Tony’s journal entries. Portfolio update. Regression testing Tobias Carlisle. TK's "war stories" of the '99/'00 bubble. CCV 3PTL Sentiment. KRM coming out the naughty corner. SD cashflow. Index Mundi data dates.

This week: ASX lower on fears of US bubble. Howard Marks' capitulation. Ray Dalio's thoughts on a coming US civil war. Using Gross Revenue Growth per Share to value "growth" stocks. Stock of the week - KRM. Using a logarithmic price scale. Tony's thoughts on the Blue-Chippers in the ASX. Determining 'Consistently Increasing Equity'. Defining 'recent positive upturn'. Reasons to sell. NTD and the AUD. Waiting for reporting season. How to apportion additional funds. Sell lines for GGE, NHC, ESS.

In our first episode of 2021, we review our portfolio's CY20 performance; margin loan rates; What TK does on a daily/weekly basis for managing his portfolio; relative QAV performance of large vs mid vs small cap companies; the 'minimum' amount of stock someone just getting started should buy; fudging ECX and VUK; whether or not we should rebalance every so often; Tony’s views on CSL; the recent drop in the prices of some gold miners; understanding the formula in column BK of the master checklist; why companies can have a quality score of >100%; and Stock Doctor problems regarding reporting of director holdings.

This is my highlight show for 2020. Obviously, from an investing perspective, 2020 was all about how to handle Australia's first recession in 30 years and a major market correction, so I've pulled together some of Tony's comments on those subjects in the first half of the year. To finish off the episode, I picked a couple of clips of TK talking about the miracle of compounding and why investors need to embrace volatility.

Our guest on our final episode for 2020 is QAV Club member Damien Parker. He joined us recently to chat about his investing and business career. After a successful career in accounting and a failed property development business, Damien bounced back to write 30 business programs/manuals which grossed $50 million - and created Positive Business, the longest-running newsletter to the small-medium business community in Australia. On this episode he talks about his Business Lessons, why he put up his prices, and why he provided a 120% money-back guarantee.

Last week’s jump in HAW demonstrates why we don’t sell until something hits the 3PTL. Would Tony buy still FMG today? What are the risks of buying stocks with margin loans? Can we fudge the COVID cough? Should we try to predict the future? What about MLD’s capital raising? What happened with MSV? All this and Day Of The Triffids on our last episode for 2020!

Is value investing back? Yes, according to the same people who reported it was dead last year. On this week’s episode we talk about Tony’s “Stock Of The Year”, why we use different Intrinsic Value calculations, whether or not WBC is a buy, whether or not stock consolidations are something to worry about, how Tony uses stop losses, whether or not we should only buy stocks with a significant director interest, how young investors should get started, whether or not it’s better to buy a stock immediately after it has crossed its BUY line, and how much Tony is guided by the financial press.

Can we ignore the COVID cough in our 3PTL charts? What do you do when you own stock in a delisted company? How would we treat Depreciation when thinking about CCP? Does a capital raise cause a bump in the price? Should we listen to Ray Dalio on diversification? Why did Tony buy SFR and not any of the stocks on the Buy list with a much higher QAV score? Should we add a ‘one-month up turn’ to the checklist?

Our guest today is Cameron Williams, sport editor at Channel Nine. You've probably seen him on The Today Show or Nine News. We talk about growing up in Emerald and how he ended up in a sports journalism career. Of course there's some talk about horses and boxing, but there also a fair amount of talk about investing, how to teach your kids about money and entrepreneurship, why he's a fan of Tony's QAV approach - and how TV celebrities buy underwear.