It’s been a while since I bought a stock trading on a PE multiple of 3x. There was one in 2012. Another in 2015. Both were, with a bit of luck, multi-baggers. Show More
Turnaround
WPG Resources has embarked on a turnaround and re-investment strategy at its 100% owned Challenger Gold Mine in South Australia. The Company is targeting improved underground performance, and increasing the mill throughput from 600,000tpa, initially to 700,000tpa and ultimately 800,000tpa, with a view to decreasing the AISC to below A$1,200/oz... Show More
“The worse a situation becomes, the less it takes to turn it around, and the bigger the upside.”* WTW is one of our fund’s largest positions and has advanced over 50% in the last 3 months, yet valuation remains undemanding, offering potential large upside. Show More
Turnaround stocks can be very rewarding for investors, but at the same time they come with considerable risk. The problem lies in the fact that successful turnarounds are rare and reasonably difficult to identify easily in advance. In this edition of Being BAEP we consider some of the things to... Show More
In our view, travel franchise business Helloworld Limited (ASX: HLO) provided one of the most positive results of the recent reporting season, announcing earnings before interest, tax and depreciation of $25.3 million. An unloved stock over the last few years, the company has been a perennial underachiever with declining earnings.... Show More