Quiet Contrarian. Ep34: Trades for August 2022

Buys

Genusplus Group Ltd – GNP.ASX – Build high power transmission lines. I feel like their services will be needed for a few years as we upgrade infrastructure for the great decarbonisation transition. Growing their contracts by pretty significant (though slowing) amounts every year. Still trading at 10x PE. They are almost certainly cyclical.

DDH Drill – DDH.ASX – Doubled down on these guys on recent price dip. Bit worried that the services outsourcing industry is at it’s peak.

ETFs Ultra Short Nasdaq 100 Hedge Fund – SNAS.ASX – A small attempt to follow a trend and do a bit of position trading. Bought straight after the Jackson Hole talk, intent is to hold for a few weeks as the US market corrects.

Sells

CSL Ltd – CSL.ASX – Trading at over 40x PE. Even though they have been doing that for a number of years, their growth has also been slowing for a number of years. Got out with a small amount of profit.

Telstra Corp – TLS.ASX – Growth over the next few years seems pretty low to justify their ~20x PE. Sold to take advantage of recent market highs (I believe it’s a dead cat bounce).