“Automate the percentage of that increase directly into investing or salary sacrifice it into your super before your lifestyle creeps in.”
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Said on Dev Raga Personal Finance
Quality At Value - Value Investing In Shares · Vasily Arkhipov Day: QAV AU #953
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uses the creep provision of the Corporations Act to increase its shareholding by 3% every half-year without launching a takeover
3% every half-year; currently holds roughly 20% of Challenger
“Automate the percentage of that increase directly into investing or salary sacrifice it into your super before your lifestyle creeps in.”
“Labour costs make up about 70% of the flow of spending of a centre; increasing wages raises the underlying costs of provision”
“We will pay a provision, a fee, for us as a scouter, to these boutiques, like an introduction fee”
“We wrote an open letter ... tender offer price was at 6,700 ... I felt fair value was at least 30,000 Korean won per share ... zero shares were tendered ... controlling shareholders then pursued enhancing corporate value”
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