Quiet Contrarian. Ep31: Trades for June 2022

Started to buy, may be a bit early, as I feel the US market has further to fall. But time will tell.

Buys

DDH Drill – DDH.ASX – Drilling services company, trading at ~4xEPS, with . Recently listed, but long standing private company. Finances are a bit muddy due to the acquisition of Swick. This feels like a similar opportunity to Mader group from last year, with a significant upside in the Swick acquistion.

Airtasker Ltd – ART.ASX – Really punished out of the recent market correction despite evidence that they are still growing revenue. Adding a small amount as I still believe in their offering.

Regis Resources – RRL.ASX – Have been adding to these guys as they are massively undervalued if McPhillamys comes online (which may be getting closer, NSW government announced that all paperwork is in, and it’s getting mentioned in the Regis reports again). This will be my last tranche until McPhillamys gets decided one way or another. This could be throwing good money after bad.