DB

Fundamental based ASX investor - focused on finding high conviction, low risk investments that have a growth narrative and top-tier management. Freo Dockers fan

[DB @debesh_b]

$vys - my #1 growth stock on asx. Pilbara heading under water and increasing $ spend on dewatering - current gap in market. After buying drilling assets in Sept 2019, Vys were cashflow positive within months, fy20 results strong. Strong management that protect shareholder value.

[Chris Brycki @chrisbrycki]

My business (and I personally) will qualify for the proposed tech startup carve out… but it's terrible policy.

If these tax changes are so damaging that the Government needs to create special exemptions for tech companies and a subset of small businesses, that's an admission the underlying policy has serious flaws.

Why should founders, employees and investors in one industry get relief while everyone else wears the cost??

What about the medium-sized manufacturers, retailers, healthcare businesses, agricultural businesses, professional services firms and the thousands of ASX-listed companies that employ millions of Australians?

And what about the 7.7 million Australians who invest in shares outside super? They don't get a carve out despite facing much higher tax on successful long term investments. That gaping hole in the policy hasn't been fixed!

This $77 billion transfer from the productive private sector and aspirational younger Australians to government will make Australia less competitive, discourage investment, productivity and entrepreneurship, and push more capital towards foreign investors who are often exempt from Australian CGT altogether.

It's a massive own goal for the country.

[DB @debesh_b]

@TheAusInstitute @MattGrudnoff Stupidity has hit new highs

[Chris Brycki @chrisbrycki]

The Senate inquiry into the CGT changes is looking more like political theatre than an actual inquiry.

The hearing agenda wasn't released until Friday night… the witness list is stacked with supporters, while the millions of Australians who invest directly in ASX shares and ETFs, thousands of startup founders and employees, and young Australians saving for a home through investment portfolios are effectively without representation. Even @GeoffWilsonWAM was only added at the last minute after media pressure.

Many expert submissions opposing the changes (including mine) still haven't been published.
https://t.co/J7ck8V6eU8

If you're excluding critics from hearings and withholding dissenting submissions from public view, you're not conducting an inquiry… you're just managing a narrative.

For a policy with such significant consequences for investment, innovation and economic growth, this is an astonishingly poor standard of consultation.

Australians deserve better than this!

[Geoff Wilson @GeoffWilsonWAM]

The @AuSenate inquiry into the new CGT is a joke. Incredibly disappointing behaviour from the @AustralianLabor controlled Senate committee.

[DB @debesh_b]

@GeoffWilsonWAM @PhillipCoorey @MatthewCranston @AustralianLabor Good luck and thankyou for representing us!

[DB @debesh_b]

@CJ0pp3l I'll be there

[Ian Cassel @iancassel]

The great companies execute on the basics, don't tell you everything, and then surprise you with new things you never knew they were working on.

Mediocre companies can't execute on the basics so they tell you everything they are working on and surprise you with disappointment.

[Fremantle Dockers @freodockers]

two Brownlow Medals, three Doig Medals, three All-Australian jackets, Club Captain and life member...

the end is near, but it's not over yet.

#foreverfyfe

[DB @debesh_b]

@RalphyHeraldSun He didn’t know DBJ was even there til the last second. It was much less of a brace than with Wright.

[DB @debesh_b]

@Rob952046756664 @ibeennnthinking @tim_michell That’s his phantom draft on where he thought the picks would land, not his monthly rankings

[DB @debesh_b]

@moat_inspector @CJ0pp3l @BenjaminSayers1 @lukewinchester9 So they should be somewhat shielded from
I/o price movements. If miners stop dewatering like they did in H1, that only amplifies the dewatering problem and have to play catch up like they are doing now. The I/O price would have to completely crash for miners to lower prod levels

[DB @debesh_b]

@moat_inspector @CJ0pp3l @BenjaminSayers1 @lukewinchester9 Iron ore exposure is actually strategic for the industrial business. They had nickel exposure via BHP and that’s gone belly up and triggered the “conservatism” mentioned in H1. The all-in costs for I/O production is very very low and I/O production hasn’t dropped in many years.

[DB @debesh_b]

@TRAVmoneyofmine Thought I was smart selling my $PLTR @ $37

[DB @debesh_b]

@harrisonpollock @CJ0pp3l Technically it is looking weak and market is waiting for the update tomorrow. There’s also been a wave of selling on similar industrial stocks. I’ve bought a bit today.

[DB @debesh_b]

@CJ0pp3l Roughly. I’m probably a bit more bullish, expecting ProEng and PTP to do better than expected. They have foreshadowed as much in the recent presentations and annual report so let’s see!

[DB @debesh_b]

@NicoperJES Yes the Sydney market will be big and the city cant put it off any longer

[DB @debesh_b]

@CJ0pp3l Yep, I'll be there

[DB @debesh_b]

@harrisonpollock Nice work mate!