Quiet Contrarian. Ep 26: Trades for January 2022.

Well that was a brutal start to the new year. The ASX200 is back in negative territory for the financial year, my down about 15% from where it was. Though it is currently bouncing back a bit. Happy with my positioning. Will continue to monitor and take profit or buy in as opportunities arise.

Buys

Kalium Lakes LTD – KLL.ASX – Have bought into the story reported in Under the Radar; TLDR is: Fertiliser is a growing market with agricultural resources becoming increasingly important. This is a high margin project in WA with a long life. Buying in now on recent weakness associated with the new Beyondie facility’s teething issues. My thesis is that this is standard practice for new industrial facilities, and that they will sort them out.

CSL LTD – CSL.ASX – Bought into the recent Capital raising. Feel like this is a safe bet to just keep on trucking along. If I get my full allocation it’ll only be 2% of my portfolio. Not very interesting, but almost as close to zero risk as you can get in the stock market… Though the fact I’m saying that may increase the risk significantly…

Sells

Cashrewards – CRW.ASX – They got acquired by ANZ. I lost money in the deal. Was only a 0.5% holding, reinforces my idea that unprofitable companies should only have small positions. Glad to have it off the books.

Pilbara Minerals LTD – PLS.ASX – Became my first 10x!! Currently sitting at about 11x my initial purchase. Sold a tiny amount of it as a little celebratory bonus!