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 …

There’s a Robinhood Trader in all of us

Robinhood traders have been copping a lot of flak from the investment community. For those who aren’t aware of the latest Robinhood (an online brokerage service) craze let me bring you up to speed. It all started back in the Occupy Wall Street movement with the founders of Robinhood stating recently: “That was the one sort of cultural moment for …

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 …

Q&A with Tolga Kumova

An introduction to Tolga Kumova I first heard of Tolga due to his huge success in SYR which ran from 6c to $6.50. This stock made him rich as well as famous in the ASX micro-cap space. When you read of these sorts of gains you think of the money, cars and houses. What you never really think about is …

Penny Stock Investing Course

Well it’s been a few months since I launched my Penny Stock Investesting courses and to date it has been a hugely rewarding experience for me. Communicating with students, answering questions and watching some of them grow in such a short period of time has been amazing. These courses were never designed as a means of selling someone a digital …

Risk Management in the Stock Market

It was early in my investing career and risk management wasn’t even a term I really understood. I was researching an oil explorer who was drilling in an area that had a lot of previous successful drilling results. If the drill rig resulted in an oil discovery the share price for this company would have easily achieved multi bagger returns. …