Black Cat

Under the radar. Before the re-rate. Speculative, longer term Investor in small cap @ASX stocks. Tweets are an opinion. Follow for insights.

[Black Cat @BlackCatASX]

Portfolio Snapshot April 2026:

🏥 $HCW Healthscope resolution in play
📈 $RZI TO candidate
🏦 $HMC Undervalued vs listed stakes
⛏️ $GWR Trades < cash + royalty
🥇 $PGD Creasy + Iron Ore
🪨 $GRR Below Cash + long mine life optionality
⚡ $LEL 31c vs 60c cash?
💸 $REP Yield

#ASX

[Black Cat @BlackCatASX]

Back in $HZN. At 21.5c and below, I see compelling value. The oil market is structurally different to when HZN last traded at these levels pre-conflict. Global inventories and stockpiles will need to be replenished and expanded. The market is still pricing a US$65 oil world.

[Black Cat @BlackCatASX]

ASX Small Cap management teams:

"We don't need to raise capital."

Also ASX management teams 2.5 months later:

📢 Placement
📢 Entitlement Offer
📢 SPP

"Strong support from existing shareholders"
"Oversubscribed"

Translation: we've run out of money again.🤦‍♂️

[Black Cat @BlackCatASX]

Now +28% from my $LEL position and still holding strong 💎🙌

[Black Cat @BlackCatASX]

Portfolio Snapshot April 2026:

🏥 $HCW Healthscope resolution in play
📈 $RZI TO candidate
🏦 $HMC Undervalued vs listed stakes
⛏️ $GWR Trades < cash + royalty
🥇 $PGD Creasy + Iron Ore
🪨 $GRR Below Cash + long mine life optionality
⚡ $LEL 31c vs 60c cash?
💸 $REP Yield

#ASX

[Black Cat @BlackCatASX]

$LEL A rare move +11.29% ✅

[Black Cat @BlackCatASX]

Nice constructive update from $HCW this morning +8%, looks like Healthscope NFP bid is dead in the water. Chart is a work of art 🖼️

[Black Cat @BlackCatASX]

Not buying new positions for the next month. Feels like the worst is still to come. June is seasonally weak for small caps and EOFY tax-loss selling usually takes no prisoners 📉

[Black Cat @BlackCatASX]

The ASX is absolute 💩 right now.

Imagine if some of our genuinely great Australian companies were listed on a half decent exchange instead of this glorified casino 🎰

Almost nothing feels investable at the moment.

[Black Cat @BlackCatASX]

Sell in May and go away? Seems to be the tune for small caps over the past several years. Profit taking and EOFY tax loss selling has almost arrived!

[Black Cat @BlackCatASX]

@Henry_C22 $FEX can't seem to get their debt under control, never ending liabilities and they have flagged massive CAPEX for Weld Range. Watching from the sidelines. The chart has done a round trip.

[Black Cat @BlackCatASX]

$WJL looks like textbook insider trading before the trading halt and today's announcement

[Black Cat @BlackCatASX]

Exited $HMC this week $2.98 locked in +21% gain. A handful of high conviction trades is all you need in this market ✅

[Black Cat @BlackCatASX]

Entered $HMC today for another bite. Another decent move imminent ✅

The financial report says HMC has roughly:

~$1.6B net tangible assets
~412.6M shares

That implies accounting NTA roughly ≈$3.80–$3.90. Negative value to the asset management business.

[Black Cat @BlackCatASX]

$HMC +16% this morning on the back of their Macquarie Conference Presentation Business Update, reaffirming guidance. $HCW distributions also stated to resume FY2027

[Black Cat @BlackCatASX]

$LEL $64.4m cash held as at 31 March 2026, equivalent to a cash backing of 57.5c vs 32c per share. Don't overthink it!

[Black Cat @BlackCatASX]

What changed since my last update?

✅ Profits locked in for $RHI $HZN $AHE and recently $DCC
❌ Culled $CVB $AEV $TVL

#ASX #SmallCap #Investing

[Black Cat @BlackCatASX]

@Bidside1 $DCC 2.7c to 3.5c. A nice clean +30% increase.

[Black Cat @BlackCatASX]

$DCC getting interesting at these levels. Solid consolidation and recent director buying.

[AI Investor Australia @AIInvestorAu]

🚨 $DCC @DigitalXLtd is trading at a MASSIVE discount?!

💰 Asset backing (live): ~4.1c/share
📉 Current price: ~2.8c
👉 ~45–50% discount to treasury

Directors have also been purchasing on market recently.

#ASX #DCC #Bitcoin #Crypto

[Black Cat @BlackCatASX]

@Bidside1 $DCC Looks like an excellent entry here for the patient. Buy time as the tax loss sellers exit the building ✅

[Black Cat @BlackCatASX]

$TLX +42% so far and flying on the back of their Regeneron partnership.

[Black Cat @BlackCatASX]

Long $CSL and $TLX 📈