Statement by Ostrava & Ors re ASIC matter

We welcome the appointment of the Provisional Liquidators by the Court with the consent of the Parties earlier this week. It means the matter will be examined by an independent body and it will save expensive Court time. Our agreement to the appointment of the...

Portfolio Update (21 Sept 2015)

We added to our Blackgold and Hughes Drilling positions today taking our investment in HDX to 18% of our portfolio. Please see below.

Portfolio Update (19 Sept 2015)

By Bradley Grimm We added to our Hughes Drilling and Blackgold positions on Friday. Both of these stocks are terrific bargains at current prices, in our opinion. HDX reported a strong full year result earlier this month, growing revenue and profits, which demonstrates...
Antares Energy C/Notes Update

Antares Energy C/Notes Update

by Bradley Grimm Antares Energy Ltd, who’s securities are currently Suspended from Official Quotation from the ASX for refusing to disclose the confidential buyer of the Company’s Permian Basin assets, has called a meeting of the Co’s Convertible...
Portfolio Update (29 Sept 2015)

Portfolio Update (29 Sept 2015)

By Bradley Grimm We added 50k Blackgold yesterday at 3c taking our total holding to 280,000 shares purchased for an average of 3.3c. Our cash position is down to c. 27%, however we expected to receive some $18k when AZZG reset at the end of October, being par or $2.00...
Nike and H&M Just Do It in China

Nike and H&M Just Do It in China

By Bradley Grimm Nike, Inc (NYSE: NKE) reported first quarter results last night with revenue up 5% to $8.4Bn (14% excluding currency changes) and Net Income up 23% to $1.2Bn. NKE shares were up 8% making for the majority of the 113 pt rise in Dow Jones index to close...

Portfolio Update (23 Sept 2015)

We added to our Blackgold and MGM Wireless positions today. Since we started the Facebook portfolio in late June of this year, we’re up 4.5% v the All Ordinaries index which is down 6.99% by way of comparison.

Oroton full year results

By Bradley Grimm ORL announced its full year results this week with revenue up 5.7% to $132Mn, driven primarily by new GAP stores offsetting a decline in sales at the company’s core Oroton brand of 4%. Gross margins were down 180bps to 60.7% and expenses as a...

Portfolio Update (17 Sept 2015)

By Bradley Grimm Yesterday we added 20,000 shares in Blackgold (ASX: BG) at 3.5c taking our total holding to 150,000 shares. Meanwhile, Antares Energy (ASX: AZZ / AZZG) the securities have been Suspended from Official Quotation this week with the Company refusing to...