AZG 0.00% 3.6¢ allmine group limited

Just some thoughts* with regards to ksblacks website go to...

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  1. 3,953 Posts.
    Just some thoughts

    * with regards to ksblacks website go to www.berkshirehathaway.com and based on their website can you comment on their service and professionalism

    *judging from the way the business is progressing Scott walkem is a capable and conservative manager. His biggest acquisition was arccon at 6x 1yr forecasted npat. Every acquisition so far has been very calculated, most likely from his background in investment banking. He seems to understand that you never pay over the top prices for assets. This is big thumbs up for management. This in house investment experience advantage enables allmine to do acquisitions without hiring expensive investment bankers. Using an auditor like ksblacks keeps costs down massively. Big 4 accounting firms charge premium fees.

    *With regards to FY2012 forecast I believe Scott walkem is playing conservative. He's playing perfectly, IF profit is higher than forecast he's labelled a genius if in line with forecast it's still a good effort and if below he's hedged his initial forecast by not increasing it. This shows signs of conservative management. Furthermore it is my suspicion that he already had plans to buy CIA. Scott walkem seems to know how to wheel and deal and I have hopes that he can continue to do more quality acquisitions.

    On a side note dj1 keep your thoughts coming its good to have opinions outside the seemingly positive norm
 
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