I was asked by a reader if I had an opinion on Nearmap (NEA), specifically the Group Portfolio Lifetime Value (LTV) which NEA calculates as $365.5m at the end of FY2017, see bottom line in their financial presentation. When you consider the market cap is around $260m maybe there is… Continue Reading Nearmap (NEA) – Reviewing their LTV calculation

Afterpay’s (APT) business model is pretty simple.  APT assumes the role of the credit provider and buys from the merchant the credit risk of the merchants paying customers. The merchant pays APT 4.2% of the transaction for this. Merchants love it as they receive their money upfront and in a credit… Continue Reading Afterpay Touch (APT) – Looking through the credit cycle

Charley Ellis wrote a book years ago called Winning the Losers Game, essentially the main idea is that to win in investing we should focus on avoiding the losers. His idea was based on a book about professional tennis being a winners game, you win tennis by hitting more winners… Continue Reading Hugging the middle of the Performance Bell curve

In a previous life I was a director of a solar company. Great story but wait. An important part of the business was monitoring energy and solar production both pre and post installation. For the not so tech savvy measuring power is really simple. Power you draw from the grid… Continue Reading Buddy (BUD) – Just a CT Clamp company?

I have been thinking a lot lately about retail as everyone has. The reaction by off-line retailers has been to create or up their online presence to compete with potential new threats coming their way. If I hear the word omni-channel marketing from another retailer I think I am going… Continue Reading Retail Online Platforms – Vertical or Horizontal?