Quiet Contrarian. Ep47: Trades for August 2023

Buys

Neometals Ltd – NMT.ASX – They recycle batteries and produce battery metals. Business model is to get multiple revenue streams through recycling batteries themselves, partnering with companies to recycle the batteries, or receive royalites from companies that want their tech to do it themselves. CEO seems like a straight shooter, and from what I’ve seen and they seem very well run. This is very early stages, high high risk, and a long hold.

Sells

NRW Holdings Ltd – NWH.ASX – Read their latest report. EPS was up. The Pipeline was down a little bit. They were always meant as a cyclical hold, and I don’t have the best handle on which parts of the services sector are moving in which direction. I can’t see a clear path forward for them. Time to get out.

Service Stream Ltd – SSM.ASX – Similar to NWH, can’t create a solid story forward that I believe in. Time to get out.