The $50k Challenge!

I have officially kicked off the $50k Challenge and started investing $50,000 in the share market with live buys and sells. This will ensure complete transparency through this experiment. I will also be providing brief reasons for buys and sells as I go. To make the updates easy to follow I have created a $50k Challenge page on my site …

The $50k Challenge – Update 16

The $50k Challenge Update 16 – 24/11/2020 Stock Code: PF1 Shares Purchased: 162,163 Share Price: 0.185 Reasons for buying Incredibly low EV of only $4.7m $6m cash so no credit raisings required in the foreseeable future Management team continue to purchase shares on Market Major shareholders also increasing their stake since listing by purchasing shares on Market PF1 owns a …

The $50k Challenge – Update 15

The $50k Challenge Update 15 – 23/11/2020 Stock Code: MSE Shares Sold: 834,000 Share Price: 0.048 Total Profit: 700% / $35,000 Shares Remaining: 832,000 Reason for selling: This will be the shortest “reason for selling” to date. The only reason I sold MSE was because it ran so hard that it occupied nearly half of my total portfolio. My Strategy …

$50K Challenge MSE Review

As stated in my $50k Challenge Annual Review post I will be providing an update on the stocks that are in my portfolio as quite a bit has happened since I purchased them. Every week I will release an update on 1 stock with this week focussing on MSE. Company Name: MSE Purchase Price: 0.006 Current Price: 0.013 Corporate Update: …

The $50k Challenge – Update 14

The $50k Challenge Update 14 – 14/07/2020 Stock Code: 8CO Shares Purchased: 255,000 Share Price: 0.065 Reasons for Buying: Management own 25% of the register No Debt $1.8m Cash in the bank Major clients including various Australian Government departments Financial Analysis: FY20 revenue up 8%. This would have been much higher if not for COVID impacts SaaS revenue up 30% …

The $50k Challenge – Update 13

The $50k Challenge Update 13 – 14/07/2020 Stock Code: CR1 Shares Sold: 41,666 Share Price: 0.40 Profit: $6,666 / 67% Reason for Selling I orginally purchased CR1 for the possibility of management acquiring a major lease in the resources space. They have done this many times in the past and have been very successful with this strategy. After purchasing CR1 …

The $50k Challenge – Update 12

The $50k Challenge Update 12 – 06/07/2020 Stock Code: CDX Shares Purchased: 480,000 Share Price: 0.025 Reasons for Buying: Company looking to achieve cash flow break even by the end of 2020 based on strong uptrend in revenue. Multiple new partnerships announced over the past 6 months to extend the reach of CDX in the telehealth sector. The telehealth sector …

The $50k Challenge – Update 11

The $50k Challenge Update 11 – 06/07/2020 Stock Code: LCDShares Purchased: 476,000Share Price: 0.021 Reasons for Buying: Market Cap of $6.3m with $3.3m cash gives an enterprise value of only $3m. Quarterly outgoings on average are sub $100k so management are very frugal with their cash which is great. Top 20 shareholders as of the last annual report holding 57.6% …

$50k Challenge Annual Review

The $50k Challenge was launched just over a year ago. For those who aren’t aware what this experiment consists of ill give a brief explanation. Anyone in the micro-cap space would know that we are looked down upon in the investment community. So I thought I would create a small public portfolio where I could prove that micro-cap investors can …

The $50k Challenge – Update 10

The $50k Challenge Update 10 – 24/06/2020 Stock Code: HMXOD Shares Sold: 1,383,000 Share Price: $0.014 (average) Loss %: 23% Loss $: $6,020 Reason for Selling I royally stuffed up the execution on this great company. The options have an expiry date of 30 September so I was forced to sell the options as the risk of holding was too …

The $50k Challenge – Update 9

The $50k Challenge Update 9 – 17/04/2020 Stock Code: IP1 Shares Sold: 226,545 Share Price: $0.013 Profit %: 59% (average) Profit $: $2,039 Reason for Selling Like most micro cap stocks, IP1 has taken a big hit due to the coronavirus share market falls. Has had a surprising 300% run today on the back of no news. Based on the …