Case Study Part 19 – Recap Before We Value ASXFY

So we’ve covered a TON of ground since starting to evaluate ASXFY on July 11th, 2018.

So much ground that before we get to valuing the company, I want to do a quick recap for you if you’re behind.

Let’s get to it…

Recap Before We Value ASXFY

Let’s continue finding out…

So far we’ve done 11 posts / videos on ASX Ltd.

Here’s what we’ve learned after going through the following information about the company:

• First, we did a full preliminary analysis on the company which it passed
• Then I showed you which financials I download when researching a company at this stage
• In parts 3 – 7 of this case study on ASXFY, we went through its 2017 annual report in full
• Because the company released its 2018 annual report we then read this new report
• I then showed you what information I read from after this if a company still looks like a potentially great investment
• And then we got to where we are now…

This is the short version of things…

For those who want to watch all the videos and read all the posts in this ASXFY case study series, they’re below along with more detailed info…

In Part 1 of the ASX Case Study, I did a full 28-minute long preliminary analysis of the company.

In this analysis, I went slower than I normally do so I could explain things better since this looks like a great potential investment. What may turn out to be my first new investment in 3.5 years.

In that video, I showed you what its margins were, what they meant, why they’re important, and told you why on a preliminary basis, ASXFY looks like a potentially great investment.

In Part 2 of the ASX Case Study, I showed you which financials I download and read after a company passes my preliminary analysis.

In Part 3 of the ASX Case Study, we began digging into the financials for ASX. In this section, I also told you why I said “MAN THIS JUST PISSES ME OFF”, about something I found in the financial report.

In Part 4 of the ASX Case Study, I showed you something I’d never seen before in any other financial statement.

In Part 5 of the ASX Case Study, we went over their complicated executive and director pay structure outlined in their annual report.

In Part 6 of the ASX Case Study, I told you 8 words that are ultra important in EVERY financial you’ll ever read. And also explained the nuances to these 8 words and what they mean in a real world sense.

In Part 7 of the ASX Case Study, we finalized the going over the 2017 annual report.

In Part 8 of the ASX Case Study, I recapped my findings up to this point.

In Part 9 of the ASX Case Study, we went over the first 50 pages of ASXFY’s 2018 annual report.

In Part 10 of the ASX Case Study, we finished up ASXFY’s 2018 annual report.

In Part 11 of the ASX Case Study, I then showed you what other new information I look for on Google and other places if a company still looks like a potentially great investment still at this stage.

And this brings us up to today…

The company looks like it’s still a potentially great investment, but next we need to value it to see if after all this work, whether it’s undervalued, fairly valued, or overvalued.

As I mentioned in the other recap post in this series, the major issue we’re running into now though is that, since ASX released its 2018 annual report, its shares have skyrocketed.

But we’ll find out what its valuation is soon.

Because price and value are two far different things.

And a company’s shares skyrocketing when you’re researching them, sometimes happens. Actually, it’s a great sign, you’re looking at the right kinds of companies.

Let it happen.

DO NOT RUSH THROUGH ANALYZING AN INVESTMENT.

It’s better to take your time and analyze a company fully and miss out, than to rush and make a major mistake which will cost you money.

Next week, we’ll get to the sign up for the FREE live valuation.

We have to do this because the software we use limits us to a certain amount of people on live training sessions.

If you’re following along, here are my financial notes on ASX up to now.

ASXFY Financial Notes – INCL Part 7 – Final 2018 Annual

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 to 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.

P.P.S. Next week this time, the sign up for the free live valuation of ASXFY will launch. Remember, we are on a first-come, first-served basis since we’re limited to how many people we can have.