Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
QBE - they originally bought 3m shares @ $6 in September but continued to add to the position in October and November. They now hold 4.6m shares with average cost of $6.39.

ERG deal is something I have asked him about and he doesn't have a strong opinion about the company but was attracted by the yield to maturity of over 20%. It's definitely not a long term position.

Another couple of companies he owns that wasn't mentioned in the Report is Angus & Coote which has been travelling well, 15% of Reinsurance of Australia (not so well) and a fair chunk of Kresta.

Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.