Quality At Value - Value Investing In Shares

This week we catch up after a couple of hectic weeks away from the mic, with the Melbourne Cup, a US election Blue Nami, the biggest crypto heist in history, and a rattled oil price all demanding attention. Tony does a deep dive Pulled Pork on COG Financial Services, the broker aggregator riding the EV novated leasing wave, and we chew over results from ANZ, SXE, SSM, and a few other portfolio names. After Hours gets properly weird, with Werner Herzog, Klaus Kinski, the Marquis de Sade, Diwali, and a Shostakovich symphony about antisemitism all somehow fitting into the same fortnight.

This week Tony's at the Melbourne Cup, so I'm holding the fort solo with a bit of market commentary before handing over to a pre-recorded Pulled Pork. Tony does a deep dive on Tabcorp Holdings (TAB), the wagering behemoth behind the TAB platform, the MAX gaming services brand, and a pretty fascinating turnaround story under new CEO Gillon McLachlan. We cover the QAV score (spoiler: not great), the one pool strategy, the BetMakers acquisition, and whether this one's worth a punt.

On this episode, Tony does a Pulled Pork on AGL Energy, one of Australia's biggest and most controversial companies, right in the middle of a high-stakes transition from coal to renewables. We also cover the Challenger takeover tussle, Findi's spectacular implosion, and the Lula election win knocking around a few of our US stocks. Plus the usual after-hours chat, including Gemini eating two years of Tony's racing data.

Free Podcast ArchivesTranscription QAV AU 952 [00:00:00] Tony Kynaston: How’s the weather in Brisbane? I hear you guys got storms Cameron: Yeah, it’s sunny now, but it has been rainy last couple of days. Cool and rainy, which is nice for a change. Don’t mind it. Tony Kynaston: Oh, good. Cameron: about down there? Tony […]

This week we kick off with birthday pushups, AI solving 722 maths theorems in a day, and a genuinely alarming bond market heat map from Tony covering France, the US debt spiral, hedge funds swallowing US Treasuries, and what it all means for Australian investors. Tony also does a Pulled Pork on Kelly Partners Group (KPG), the Buffett-worshipping accounting roll-up whose CEO's margin lending habit torched two-thirds of the share price, and we field a cracking listener question from Ed about whether sustained upward momentum after a long decline deserves more weight in the QAV checklist.