We hear a lot about the Amazon threat. The narrative is Amazon is going to destroy the competition when it arrives to set up its Fulfilment centres in Australia. With the announcement yesterday of Amazon committing to opening a Fulfilment centre in Melbourne they are one step closer to offering… Continue Reading Godfrey’s (GFY) A real time Amazon example
Austin Engineering (ANG) Austin Engineering manufacturers mining equipment in Australia, South America and Asia. Since the end of the mining boom the company has recapitalised its balance sheet on a number of occasions to reduce debt. Net debt peaked around $94m in 2015. As you can see below Austin has increased… Continue Reading Austin Engineering (ANG) – Free cash flow is hard to find
I have been reading and watching a lot of Richard Feynman recently. For those that do not Feynman he was a great Physicist and received a Nobel Prize in 1965. But what I adore and idealise about the man is his passion and the ability to think about the world… Continue Reading A New Point of View
Jeff Bezos of Amazon famously made the following quote: “I very frequently get the question: ‘What’s going to change in the next 10 years?’ And that is a very interesting question; it’s a very common one. I almost never get the question: ‘What’s not going to change in the next… Continue Reading Would Buffett Buy Telstra?
How do you get Bitcoin (BTC) to tip to a true network? I live in Australia. In theory I could never leave Australia. I could use Australian dollars (AUD) for the rest of my life and rely on the 100% network effect it has here. I never need to use… Continue Reading Bitcoin network effect
I am what Noel Gallagher from the band Oasis would call a square. Squares are the majority. We are late adopters, we like to follow the herd and we like to feel comfortable. And we have cash. We are what makes a product move from the fringe to the mainstream. Gallagher… Continue Reading Storj business model, more simple less complicated
Self-Driving Cars Imagine you owned a video or DVD rental business in the late 1990’s. Things look great, you had just transitioned your stock from video to DVD, the product had changed but not the way consumers interacted with you.
Class Limited (CL1) Class provides a cloud subscription software service for the administration of SMSF in Australia. The model is very similar to that developed by cloud accounting software like Xero and MYOB.
CKF – Management is aligned to Incentives Collins Foods owns and operates KFC stores in Australia and Europe. It recently released its 2017 Full year financials as well as an acquisition of another 28 KFC stores from Yum! Brands. In this note I will briefly look at the 2017 results… Continue Reading Collins Food (CKF) – Management Incentives
Is NXT the next compounding machine? When thinking about businesses growing earnings does not necessarily mean you are growing shareholder value. The focus of management should be to invest now to maximise future cashflow and not focus on current earnings.