RD Kirwin

[Alex @ajak1033]

The Spurs know how to TAKE the lead, they just don't know how to HOLD the lead. And that's really the most important part of the lead: the holding

[RD Kirwin @rdkirwin]

@galumay Market is pricing in the company going backwards in 27. I think the market is wrong.

[RD Kirwin @rdkirwin]

@bowtiedstocks If you are right around aussies needing wheelbarrows in the not too distant future I wouldn’t want to be a holder.

[RD Kirwin @rdkirwin]

@bowtiedstocks Is this a hedge in case you are wrong on Australian property and inflation? It’s a good little business and worth a look, but I think rates, inflation and resi property will be a headwind for a while and SP could go lower. Nice divvies though while you wait for turnaround

[Steve Stewart-Williams @SteveStuWill]

My new book A BILLION YEARS OF SEX DIFFERENCES is out today!

It's about the evolution of human sex differences and why they matter.

Available in hardback: https://t.co/fEUph9OgNm

...and audiobook: https://t.co/CQzsoPkxZW

Here's a sample of reactions to the book... 👇

[RD Kirwin @rdkirwin]

@RonShamgar @ryu_tay Can’t believe it’s sub 200m. Will be on micro cap radars soon.

[RD Kirwin @rdkirwin]

@galumay Numbers are softer than my comments on 14/2/26. But the business is still ticking along nicely when looking at this long term and monster H1. No debt. Building cash. Very undemanding valuation. Some freight and supply issues are reasonable.

[RD Kirwin @rdkirwin]

@galumay Interesting they did not update the actual contract pipeline figure. they have reported this quite consistently in trading updates last few years.

[RD Kirwin @rdkirwin]

@toy59496 Massive tax burden combined with a complex administrative burden for smaller investors that DCA into ETFs or use DRP into shares. Why bother investing at all. Only winners are the taxman and your accountant.

[Robin Dods @toy59496]

CGT Changes: Over 11,000 calculations to do your Tax

I'm going to explain the administrative and accounting disaster that is our new inflation corrected CGT arrangement.

The new CGT system encourages people to get dividend paying stocks. Many people do dividend reinvestment programs over the lifetime of their holding to try and build wealth. Seems sensible.

Now imagine you have a standard 20 share parcel of shares with dividends twice a year that you put into a dividend reinvestment program. You hold it for 15 years and then sell it, fortunately all have been winners. Well done.

Under the new system you have to do over 11,000 calculations at tax time to satisfy the commissioner. See the image.

And these aren't simple calculations. It's not like you're getting the sale price minus the purchase price and halving the difference as in the existing system. My 6-year-old can do that calculation. No, the new system requires you to do a compounding equation with different start dates and different end dates where you have to ensure that the inflation for that year matches the particular purchase date and take it through to sale. I haven't even gone into whether you use first in first out accounting, it already looked complicated enough. My 16-year-old would struggle with that calculation.

Peter Costello said a major reason for introducing the 50% CGT discount was it's simplicity and compliance costs. He was right.

The new government expects you to have a PhD in mathematics or pay your accountant five times as much for the administrative burden.

I'm pretty sure the Labour Minister for Finance Katie Gallagher is not able to do this calculation. Why doesn't some enterprising journalist put her on the spot?

And of course the ATO will need to expand markedly to ensure compliance. Which you will pay for in your taxes.

[Sarah Necker @SarahNecker]

Thrilled that our paper "Almost fare free: Impact of a cheap public transport ticket on mobility patterns and train delays" - the 9-Euro Ticket - is now out at @JPubEcon:
https://t.co/OzFA3Dy0ou
Using three different datasets and MVPF analysis, we find that...

[Parnell Palme McGuinness @parnellpalme]

This is an incredibly important explainer from John Kehoe at the AFR and should be read by everyone ahead of the Federal Budget.

[RD Kirwin @rdkirwin]

@TMFScottP Good for business if you’re a building inspector or pest inspector

[RD Kirwin @rdkirwin]

@TMFScottP Most sensible buyers will want their own reports regardless of what the vendor provides.

[Anton Gerashchenko @Gerashchenko_en]

"Show what you looked like before you joined the Armed Forces of Ukraine."

Ukrainian Defenders share photos from before they joined the military and after.

📷: drewndel / Threads

[RD Kirwin @rdkirwin]

@mondyinvest Investing heavily. Time will tell if it pays off.

[RD Kirwin @rdkirwin]

@galumay Cash will build up nicely when they are done with the earn outs.

[RD Kirwin @rdkirwin]

@lukewinchester9

[RD Kirwin @rdkirwin]

@lukewinchester9 $AHC.ax Now trading at $0.315 ~$113m mkt cap. If FY26 delivers + $100m rev & ~$8-10m NPAT with lower end growth guidance this is looking good value. Trades below historical avg & health-tech peers. Clean balance sheet. Not a SAAS company. I have topped up at these prices.

[RD Kirwin @rdkirwin]

@lukewinchester9 These Rev and NPAT figures are my base case conservative scenario. I would say upside scenarios are likely but not guaranteed. Fx will be a small drag.