AUD Impact, page-77

RoE, you're a party animal.

"I am celebrating successfully investing in businesses that have all delivered this reporting season. The market will always reward performance and in the meantime I get entertained watching the shorts trample over each other as the stock pokes through the upper little line on their screen."

What are these successful business you are investing in? Lets take a look.

FLT: Down 40% from it's highs 18 months ago. Currently trading at a 2yr low.
JBH: Trading in the same range as 2yrs ago.
QBE: Down over 50% from it's highs 8 yrs ago. Currently trading the same as 4yrs ago.
FXL: Currently trading at a 3yr low.
WOW: Currently trading at a 3yr low.
MND: Currently trading at a 7yr low.

"Maybe an early lunch so I can celebrate a very fine reporting season for me."

Pop the Champaign RoE.

So we can chalk down super funds as another major part of the market that you don't like. So you have a SMSF? I hope you do, I really, really do.

RoE 0/280.

Before you make a billion, you must first make a $1.

I tried to find an example of your rudimentary DCF model somewhere on HC and this is all I found on the MND thread.

Date: 18/06/15

"DF model gives me c$15.00 per share based on 30%-40% decline in revenues from the highs and no growth ever again with a punitive cost of capital in excess of 10%. They have no net debt and are still producing RoEs in the 30%-40% region. This puts them on a not uncomfortable PE of around 11x - have assumed worst case for the current legal case and reduced valuation by $2.00 /share to give my $13.00 estimate"

Price at posting: $9.99
Sentiment: Buy
Disclosure: Held
Currently trading at $7.350

Don't quick your day job RoE. Speaking of work, you did ask me a question didn't you.

"C'mon timbaj!.....its your old mate RoE.....we are all friends here; you can tell me what your job is. There is no need to avoid the simple direct question."

Let's go back to the JB thread for a minute.

timbaj asked RoE "Do you work or are you retired?"

RoE replied "So I do you the, arguably undeserved, courtesy of writing a lengthy comprehensive genuine answer to your last thought bubble and you ask me this?

Can you take your Ritalin and follow one train of thought through to a conclusion please."

But what the heck, why not.

My job for today is to walk the dogs and do something with the pallets in the backyard.

And for the record I have already done both.

Sorry I didn't apply on the weekend, we were away.  Did you get all your menial tasks completed?