Ann: Becoming a substantial holder from MQG, page-10

Good to see you around again . Even though you put me on to this one and helped me get up to speed with it quicker, I did a lot of work here and given time (5+years) without a takeover it could have easily been a 10 bagger and unlike those little shares I trade, one could really have loaded the truck here.
A couple of things I missed and didn't realise / understand at the time were....... ASX market appetite / valuations and lack of depth, of these larger shares on the ASX. It's as if the market concentrates/prefers on stripping out dividends and other ST returns, so they can book profits asap. You understand the different markets better than me, but I'm thinking lack of money here too doesn't help. Apart from Mum and dad investors who on earth buys shares for dividends? It's not how I've been taught anyway.
This all in turn creates problems for companies like ACX on the ASX as they will find it hard to sustain / achieve a fair valuation and SP that reflects a true global comparison.......i.e They're undervalued due to ASX climate . This makes it hard for the boards to protect themselves from predators and Australia as a whole loses imo .
The other thing I didn't understand was the founders willingness to sell out the first chance they got .I understood their long term vision for ACX fits with Oracle and adds to their positive contribution to the world, but what about poor old Fish! ACX was on the cusp of producing ebita, npat, real money not wip, #1 global ra ra ra,, one or two more years would have made the ASX market wakeup imo.
Surely the founders could have told Oracle to push off for a year or two? Maybe I don't understand their decision properly, maybe because they're I.T - software people they had enough of running the business but they were good at that too for the longterm.?
Not that it matters anymore but what are your thoughts? I've ended up making good money here and am happy with the return on a time basis but am sad she's gone .


I haven't been online much lately, have moved house, selling old one and got no internet at new place yet and phone data got bad reception, I'm blind as a bat here atm.

I will check out UPD over next few weeks as I get organised.

I've loaded up on OZL for a larger share at the last swing bottom as posted over there. I like it for a few brief reasons, no debt, increasing / smoother productivity and / or cash generation and Trump . I like it's cash Balance of $600+m and just hope they don't waste it, you know how they be .
.Not sure on your outlook but I'm thinking Trump is unlocking the inflation genie, no longer exporting US$ in same way, creating windows for repatriation of monies, trade war is all BS, America finally starting to stand up to the cheaters

Best Wishes
Fish.