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Companies I didnt buy

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galumay:
CWY Cleanaway, got a "hot tip" via a friend that they are due to fly as a result of some new contracts about to be awarded. I had a squiz, and they dont meet the minimum standards by my metrics for an investible company. I am not a trader and I have to shut out any temptation to behave like one without any of the experience, skills, knowledge or training of those that are. So one I didnt buy at about 85c

EDIT - 1/9/16 - shot up to $1.13 - based on turning PRP loss into a profit, made all the metrics look better, debt, interest covereage etc.

27/1/18 - $1.47

9/4/18 $1.45

3/19 $2.22 Shows I should have looked harder at that inflection point in 2016, would be a double bagger if I bought once it was investible on my metrics.

galumay:
SDI, should have documented my original thoughts about this one, dental tech company, good metrics but something about them put me off but now I cant remember what! A reminder to record all my analysis!

Ended up buying.

galumay:
VOC, fell 25% today. Looks like a classic over reaction by Mr Market, but rather than rush in and throw money into VOC, I downloaded the AR and crunched the numbers - i found that my calculated IV range was the same at as todays closing price - at the top end of the range. That was only achieved using the underlying rather than statutory reported numbers because it didn't get anywhere near current price on statutory numbers. EV/E was also poor as were a number of other metrics =- although the substantial changes in the underlying business this year make those sort of metrics unreliable guides to the value of the company.

Anyway, I have decided not to allocate any capital to VOC. It closed at $4.35 so lets see where it goes from here!

ended up buying - much to my regret. A dog. Sold for a loss.

galumay:
SP3 - 36c 27/1/18 see decision journal - not investible, not cash flow positive, no competitive advantage.

BWF - $1 27/1/18 see decision journal - saw it at fair value, with potential of extra growth I hadn't been able to quantify.

UPDATE: 9/4/18 SP3 30c, BWF 98c

3/19 SP3 12c BWF 84c  Both look like good decisons not to buy!

galumay:
RDH one I came across reading this blog (which is full of great info and ideas BTW) https://hiddenvalue.blog/2017/08/25/weekly-wrap-250817/

At $2.40 I couldnt see they were anything but fully valued so gave this one a miss.

9/4/18 $2.72

3/19 $2.54 so they havent done much, probably a good call.

Also GCS one that Tony at EPG has taken a position in, again, at 85c they seem close to fully valued according to my data.

9/4/18 68c - might have another look.

Bought GCS at 68c now 72c so looks like a good call

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