1-Page, a Unicorn with Wings Found in Australia?

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Unicorn. Source: Google Image.

Highlights:

1-Page (ASX: 1PG) is a company that develops and markets software products for HR departments to support them in sourcing and qualifying job candidates, as well as in engaging their current workforce. 1-Page Limited (ASX:1PG) is the first Silicon Valley company to list on the ASX.

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1-page logo.

Joanna Weidenmiller, CEO of 1-page, had severe dyslexia and no athletic ability as a child. She became a nationally ranked rower with a 4.0 GPA at the University of Virginia. 1-page was founded by the Joanna Weidenmiller and her father, Patrick G. Riley, in the Silicon Valley (San-Francisco, USA).

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1-page stock. Source: Google.

Recent Barron’s article took a shot at 1-page’s recent ascent to the clouds stating: “1-Page shares soared about 1,400% in the year following its October 2014 initial offering.”

Further,

Half a billion or a billion is still a small valuation, to be sure. Yet even those levels are awfully high for an outfit that rang up sales of less than AUD160,000 in the six months ended July of this year, according to its filings with Australian regulators. But to investors who might worry that 1,500-times annualized sales is a high price for an unprofitable venture, Northwood responds in his report that 1-Page revenues will approach AUD190 million within a couple of years.”

Interesting unicorn, I mean flying unicorn in this case.

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Reference

Barron’s

Wikipedia

Fortune

Disclosure: I do not have shares in any of the companies mentioned in this article and don’t plan to initiate purchase within the next 24 hours. I would not receive any compensation for doing this article. I am not a professional financial analyst. This is just a hobby. Lastly, my work is not error-free, but I strive for it to be. Do not consider as a buy or sell advice. Invest at your own risk.

If you are interested in this similar approach to investing and would seek updates, I wish to invite you to this Facebook group SEEKING VALUE (https://www.facebook.com/groups/SeekingValue/?ref=bookmarks)

Happy investing.

Mark Y.

Rodrigo Duterte: A Brilliant Presidential Candidate

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Rodrigo “The Punisher” Duterte. Source: Google Image

Reuters (highlights):

The election is being closely watched by investors who fear the political succession in one of Asia’s fastest growing economies could derail gains made during Aquino’s rule.

Rodrigo Duterte, a 70-year-old lawyer, better known as the “the Punisher” for dealing with criminals in southern Davao City, vowed to clean up politics in one of Asia’s most graft-ridden countries.

“We Filipinos belong to different tribes but a piece of paper called the constitution holds us together,” he said. “We should respect the constitution. The election tribunal has set aside the constitution to favour Poe.”

PhilStar highlights (November 26, 2015 – 4:48pm):

Duterte tops Metro Manila presidential survey.

Rankings are as follows in the November survey:

  1. Rogrigo “The Punisher” Duterte scored 34 percent-increase from his September rating of 27 percent.
  2. Sen. Grace Poe-26 percent
  3. Vice President Jejomar Binay-22 percent
  4. Manuel “Mar” Roxas II-11 percent
  5. Sen. Miriam Defensor Santiago-7 percent

According to the PhilStar article: “The survey was conducted from November 11 to 12 among 300 respondents from Metro Manila. It has a margin error of ± 5.7.”

An interesting take on “the Punisher’s” tough ruling was provided by former CHR Chairperson Etta Rosales in this Facebook video:

Well, after seeing this picture shared multiple times in social media–isn’t it just about time for an ‘appropriate’ or ‘highly-educated’ individual with enough experience in handling government duties to be a perfect example among these current politicians and also run the Philippines?

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Reference

Reuters

PhilStar

Jack Ma: How to be Successful in Life

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Jack Ma. Source: Google.

<20 years old: Be a Good Student

20-30 years old: Learn the passion, Learn the dreams.

30-40 years old: Work for yourself

40-50: Focus on things you are good at

50-60: Work for the young people

>60 years old: Enjoy yourself

Make enough mistakes when you are young.

Jack Ma:

51 years old

Founder and executive chairman of Alibaba Group (NYSE, ticker: BABA)

21st wealthiest person in the world as of 11.21.2015 with $30 USD Billion net worth

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Bill Ackman: Buying more Valeant Despite Company Troubles

Valeant. Source: Business Insider

Valeant. Source: Business Insider

Valeant’s downfall in one chart.

Even with this already damaged company, Bill Ackman (CEO of Pershing Square) bought more shares as today’s (11/23/2015) filing reveals.

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Valeant Stock Price. Source: Google.com

Pershing Square now beneficially owns 34.1M shares or ~$3 Billion USD worth of Valeant shares.

P/E valuation of 49 is still very high (for me) as a value investor. Adding Charlie Munger’s “deeply immoral’ view of the company keeps me away from buying the stock.

Reference

Business Insider

SEC

Valuation Guru gives AMZN his fair value

Aswath Damodaran

-Financial think tank, list of accolades can be seen here in this link

-Calls AMZN’s fair value at $200 per share.

As of 11/22/2015

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Amazon stock price with PE multiple of 969. Source: Google Image.

Dr. Damodoran’s CNBC interview:

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CNBC interview screenshot from ValueWalk website.

Link to interview

(http://www.valuewalk.com/2015/11/aswath-damodaran-fair-value-for-amazon-is-200-per-share/)

With 200 per share, Dr. Damodoran is valuing AMZN at 290 PE.

Although in the interview, he clearly said using PE as per valuing AMZN is not the proper way to value it.

Reference

ValueWalk

Picking the Right Money Manager? (WSJ)

Highlights:

“Imitating great money managers can be risky and requires plenty of patience. And leaning on someone else’s smarts doesn’t exempt you from the responsibility of doing your own thinking.

You shouldn’t buy a stock “just because Warren Buffett or another smart investor bought it,” says Robert Hagstrom. “You’ve got to have your own thesis as to why you own it,” he says.”

Robert Hagstrom is an author of several Warren Buffett-inspired books (see this link), and also a mutual fund manager of ClearBridge Global Growth

“Picking market-beating stocks is hard… And picking funds that can pick people who can pick market-beating stocks may be the hardest of all.-Jason Zweig”

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Image from Google

Reference

WSJ article by Jason Zweig

11 Philippine Companies Included in ASEAN’s Top 50 Publicly Listed Companies

 

These companies were (not in any order):

 

Ayala Corp.,

Ayala Land Inc.,

Globe Telecom Inc.,

Manila Water Co.,

Manila Electric Co.,

Philex Mining Corp.,

Philippine Long Distance Telephone Co.,

Aboitiz Equity Ventures,

GT Capital Holdings, Inc.,

SM Prime Holdings, and

BDO Unibank Inc.

Globe Telecom, Inc., Ayala Land, Inc. and Philex Mining Corp. were listed as Philippines’ best. In addition, the Philippines is ranked (according to PhilStar) 2nd in good corporate governance.

Some profit numbers:

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Five-year historical Net Income performance. Data from Barron’s Financial Website. Green line marks increase, Red line marks decrease. Data in Php millions.

Interestingly, this simple table shows that most of the eleven companies that were ranked in this year’s ASEAN top 50 have been improving their profits within the five-year time frame (2010-2014).

On the other hand, PLDT, Philex Mining, and Aboitiz Equity Ventures are lagging behind with their profits.

That’s all for now.

Article published 11/16/2015

Reference

BusinessWorld

PhilStar

Disclosure: I have shares in Manila Electric Company. I would not receive any compensation for doing this article. I am not a professional financial analyst. This is just a hobby. Lastly, my work is not error-free, but I strive for it to be. Do not consider as a buy or sell advice. Invest at your own risk.

If you are interested in this similar approach to investing and would seek updates, I wish to invite you to this Facebook group SEEKING VALUE (https://www.facebook.com/groups/SeekingValue/?ref=bookmarks)

Happy investing.

Mark Y.