Share Picks 2023

They jumped on earnings last week ($101-$107), the drop back to $100 yesterday was blamed on a technical issue with a AI demo it gave

Alphabet nose diving could be a good opportunity to jump on, I don't think Chat GPT is a risk in the short to medium term.

Yeah I think 95 and under is a good price however I've been using chat Gpt the last few days and it's very impressive.

I think we are due another dump again. After flip flopping a few times in the last week am back to 40% stocks (v high conviction - PERI, MGNI, DOCN, BAM, BN) and 60% cash. DOCN is massively volitile and my biggest concern, MGNI has earnings coming up and could soar or dump but advertising has been doing doing well recently so i'm hopeful.

BAM defaulted on loans for two skyscrapers in LA which is concerning but the market doesnt seem bothered, doesnt sit well with me, may trim some there.

Very happy to see that the Irish taxation rules on ETF's are under review, if they became treated like stocks I'd go ETF only to be honest. About time we joined the rest of the world in that regards.

I'm in PERI since it was $13 a couple of years ago so nearly 3x by now and i expect 4x at least by EOY this year.

They are an adveritising busines with increasing revenues from CTV (steaming) and have a partnership with Microsoft Bing that produces a nice revenue stream but increasingly less and less as other sources grow.

They constantly beat on earnings and more often than not raise estimes between earnings. When the market dropped last year by ~20% they rose ~20%. Their CEO is brilliant though is stepping back this summer which is a concern however he is remaining as a Board member and his replacement was hand picked by him several years ago so hopefully it will be business as usual for the foreseable = better shareprises

Looks like the US market is about to dip below the MOAT line again, last 14 months have been a disaster!

CRH moving to US based stock exchange, might be a good time to jump on.

Was about to bail out of a small position, I have in CRH. Thankfully didn't. Its up about 20% this week alone. US infrastructure spending should be a positive tailwind going forward.

Unfortunately I did sell out of positions I had in Cairns homes and Permanent TSB, which are also up about 20% in the last week or two. ISEQ in general going gangbusters these days.

Currently trading at 10 times cash flow with a ROI of 13%. Not exactly dear even at present.

Yes the prices will mirror each other within a few cents. Buying in US is cheaper transaction costs, but you get the currency risk if the dollar/euro fluctuates too much