Azure Healthcare Ltd receives a takeover proposal, and Nathan Buzza is leaving (ASX: AZV)

Azure Healthcare Ltd (ASX:AZV) will be losing a key person, Nathan Buzza, who was responsible for overseeing the development of the software that is now revolutionising the business. As I previously pointed out, the fact that the company now offers software solutions - not just hardware - is central to the Azure Healthcare investment thesis. Indeed, it was only once Buzza (and founder Robert Grey) both rejoined the company that its fortunes turned around. At least the software has been fully developed, so to an extent, it makes sense that Mr Buzza is now leaving. Having said that, I don't think there is any reason why the company couldn't have put it on their website or issued a press release.

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Hidden Report: Is Resonance Health worth the risk? (ASX:RHT)

Answer: No. The buy thesis is broken by announcement dated 3/6/2014. Update to come.

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Ethical Equities Discounted Cashflow Valuation Method

Some readers might be interested to know a little more about the Discounted Cash Flow model that I use on this website, as it is quite eccentric. I've had a few questions, but to date, no-one has been able to work it out.

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Introduction to Beacon Lighting Group Ltd (ASX:BLX)

The recently listed Beacon Lighting Group Ltd (ASX: BLX) may be of interest. It’s shares were way oversubscribed in the IPO and its share price went up 60% on listing. However, we still see good value at current prices.

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Hypothetical Ethical Portfolio Update 21 March 2014

At the time of writing (just before 1pm) on Friday March 21st, the All Ordinaries are at 4338.

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Is Kip McGrath Education Centres Limited a turnaround success? (ASX:KME)

Please note: this report is very old to the point where it is useless. You must not consider it to be current. Many things may have changed, and it may well be that I no longer believe this company to be an attractive option. Please consider it an archive only.

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Vocus Communications Added to Hypothetical Ethical Share Portfolio (ASX: VOC)

Vocus Communications Limited (ASX: VOC) has pulled the annoying stunt of releasing its results 15 minutes before the market opened. I've had a quick look at the report, and decided to add the company to the Hypothetical Ethical Share Portfolio at the last traded price of $3.52 (at the time of writing). [Edit: buy price will be $3.70 or closing price today... see comments below]. [2nd Edit: whoops I added it at $3.77 instead]

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How I lost my affinity for Affinity Education (ASX: AFJ)

I’m going to keep it short and sweet. I’ve sold out of all my Affinity Education Limited (ASX:AFJ) because my thesis is broken. In my very recent article on the company, I compared Affinity Education to G8 Education Group. I wrote:

Maybe Affinity Education has bought the worst Childcare Centres on the market, or their centres are simply not as impressive as G8′s. Because of a relatively short history as a company, we just don’t know when it comes to Affinity Education.

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A few thoughts on Azure Healthcare Ltd (ASX: AZV)

I've been a bit busy lately, but I wanted to record my notes on Azure Healthcare Ltd (ASX: AZV). Over the weekend I had a discussion about Azure with Motley Fool analyst Mike King, who noted that the half yearly results looked interesting. I believe the results reduce the risk of the investment (which is somewhat speculative), and I bought shares in the company on open yesterday at 27c and 27.5c. The purchase was funded by selling my remaining shares in Cryosite (ASX: CTE) at 46c, and selling 10% of my Global Health (ASX: GLH) shares at 70c, so it will be interesting to compare the investment to those two options in the future.

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