Case Study Part 16: ASXFY 2018 Annual Report Part 1

This series is an ongoing live case study series.

To see the earlier posts in this series, focused so far on Filipino companies, go here.

To learn how I find and select these companies, go here.

To watch Part 1 of us going through the financial statements of ASXFY, go here.

And to watch the prior videos on ASXFY including the recap of our ASXFY case study up to this point, go here.

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So far in this series, you’ve learned how I find and then select companies at the preliminary stage of analysis.

I then detailed why I selected only 3 of the 44 Filipino companies to put on my watch list.

Detailed each of these 3 companies.

We then recapped the entire series which is linked above.

And then we got to our first Australian company, ASXFY – these posts are linked above.

In that post, I told you why the company looked great on a preliminary basis – but not only that but that it looks to be about fairly valued right now on a relative basis.

Which frankly was shocking to me, considering this company’s insanely high margins and cash flow production.

Oh and because world stock markets are still at, or near all-time high valuations.

And also because of this last point, I haven’t found a new potential investment in 3.5 years.

This week, we get into part 5 of digging into AXSFY’s financials, the final part of this company’s 2017 annual report.

ASX Ltd (ASXFY)

Let’s continue finding out…

In the 9-minute video above, we talked about ASXFY’s 2018 annual report and what I do differently when looking at companies’ subsequent financial reports.

• Why I typically take far fewer notes
• What specific things I look for in the first 1/3 to 1/2 of a second financial report
• Why I look for these things
• Why you can go through these financials faster
• And more…

If you’re following along, here are my financial notes on ASX up to this point in the 2018 annual report.

ASXFY Financial Notes – INCL Part 6

If you have any questions or comments about anything in the video above or this ongoing series, let me know.

I’m going to teach as much as possible in this series and in these videos, so the more questions and comments we have, the more you’ll learn. So please put any comments and questions in the comments section below this post.

Seriously – and I say this to all my coaching and training clients as well.

Even if it’s a minor question, you think maybe stupid, ask it.

If you’re investing real-world money, a ‘stupid question’ can cost you real money and frustration, so don’t hesitate to ask.

And remember…

Now that we’ve found a company that looks like a potentially great investment now, if you want to see the future videos about this company and learn about us potentially investing in it, first you need to sign up for the Training Vault.

We’ll be adding these videos to this service first – sometimes weeks in advance – of the blog and other social media.

To mark this occasion, we’ve also dropped the cost of the Training Vault to as little as $19 a month, for life, or up to 81% off its normal price.

I’ve also added more bonuses like free access to $1,500 worth of courses, free training sessions, and more, to help you get into this great program as well.

Because we’ve now found a potential investment, we’re going to research further, this offer will only last for a limited time so make sure to take advantage before it’s gone.

Go here to get the Training Vault now.

P.S. Get my acclaimed value investing education book How to Value Invest here, for free.