I caught up with a friend of mine the other day who is an experienced investor. He told me that one of the reasons that he bought My Net Fone was because he made a spreadsheet of companies and marked off who (of the good investors he knows) liked them. I am going to attempt to do the same thing with my Micro - Nano Watchlist.
Off the top of my head I've compiled a list of who likes what - but I'll be sure to have forgotten people's interests and will have under-counted in some cases. Also, I myself do not count on the tally below (I will add myself in for future editions).
If you have emailed me, tweeted me, talked to me or even conversed with me on Hotcopper or on the Australian Capital Network facebook page, you could be one of the people that has gone into this spreadsheet (identities withheld, obviously). However, the survey is based on my incomplete knowledge of what stocks you like.
So please, have a look, and let me know if there are stocks on this list that you particularly like (you have to have bought shares at some point, even if you've since sold, or have an open order for them, or be very close to buying.) The idea is you like the company enough to really want to own it. Also if you think I put a stock on this list because of you, and that displeases you, let me know - I have no intention of publicising a microcap that you're currently trying to accumulate.
Please note, I'm interested in whether you think the business model is attractive, not whether you would buy at current prices. This list does not take into account current prices, especially as some of the list are illiquid mini-micro caps. The purpose of this exercise is to uncover businesses, that we, as a group, think have a bright future. If you do email me letting me know any favourites on this list, you will receive the updated version in a few months. You may also nominate companies that aren't on this list with market cap < $100 million. Email me at [email protected] or text me or just tell me next time we talk.
On the current list, my thinking is that 3 - 4 people liking a company indicates a solid business model, but don't forget, this survey disregards price to a large extent, though obviously the company needed to be cheap enough at some point to get people interested. Also two of them I've left a mystery because they are super low liquidity and spiking up and I don't want to draw people's attention to the stocks. There will be no mystery stocks in the follow up edition of this survey, which will be sent directly (and privately) to the participants.
Without further ado:
| ALT | 1 |
| NEA | 5 |
| SOM | 2 |
| ??? | 2 |
| ICS | 2 |
| GLH | 4 |
| KME | 2 |
| CGO | 4 |
| RFX | 2 |
| RXP | 3 |
| FPS | 5 |
| AEF | 2 |
| CTE | 2 |
| EPD | 3 |
| MBE | 1 |
| AZV | 3 |
| RFL | 2 |
| PGC | 1 |
| OCL | 2 |
| MNY | 1 |
| TPC | 1 |
| QTG | 1 |
| ??? | 3 |
| AWI | 1 |
| KRS | 1 |
| IIL | 1 |
| MWR | 0 |
| ELX | 1 |
| RDH | 3 |
| PHG | 1 |
| QHL | 0 |
| ITD | 0 |
I own shares in some of the companies listed above - email for full disclosure if required. Nothing on this blog is advice, ever.