We closed the EOFY (on 30/06/2021) with a fizzer and markets were generally down but this week ended up slightly higher. We recently added Camplify (CHL) to our portfolio at a slightly lower price ($1.39) than the IPO price of $1.42. This new listed company has good potential to grow their business not just in Australia but other countries and will use the funds to expand into Europe and other regions. The increasing number of people renting out their used Campervans and Trailers looks set to continue whilst the Pandemic makes these more effective to remain socially isolated from others and travel away from hotspots if needed. However, they will do just as well when the pandemic passes and people increasingly explore Australia’s vast continent. I will keep watching the ongoing developments very closely because it can have a significant effect on our investments over the year ahead.
Things around the world still remain very uncertain due to the changing pandemic situation. I am hearing about more health concerns relating to the various vaccines ability to help us beat an ever changing virus because it’s impossible to eradicate when millions of people cannot isolate. This means the virus is able mutate more often and vaccines will always be behind the curve. However, the worst thing I have heard is that we could actually be making things worse by rushing into vaccines without fully understanding what future variants may do? Read this interesting review about the views of Geert Vanden Bossche who is challenging the current vaccines here. Only time will tell if he’s right or wrong but we probably will have a clearer picture when winter returns to the Northern Hemisphere and all the vaccinated people catch a new strain?
The Bett Direct portfolio of Managers are more difficult to provide an accurate assessment because managers are always a few days behind in reporting the actual values. That’s why it’s good to have some direct shares – which we can “time” better. The current portfolio has slowly ground higher but this is not a period that I was expecting much for now. In a year, the results are likely to be quite different!
Cryptocurrencies have moved slightly higher, than last week, as we see a consolidation phase may be the forming a base to recover from. Technical trading is rather ineffective when politics and pandemics can easily cause irrational reactions and therefore I find totally useless. What I am looking for is what people are actually doing despite the short term affects of government interventions. So when South American nations are increasingly accepting Bitcoin as legal tender, we can see the tide could turn against China’s attempts against it. See here.
