Stock Journals

The management of investments in specific stocks is central to my investment method, as set out in detail in Building Wealth in the Stock Market. This process involves decisions about selecting stocks to invest in, understanding the business, determining its competitive advantage, buying with a margin of safety, determining entry prices, setting stops, calculating position size and all aspects of managing an investment once it is made.

I am now intending to publish stock journals for all investments that I make on this page. These stock journals are intended as educational tools, which attempt to teach investing skills by example. All journals are in PDF files.

Everything in these stock journals is solely in relation to my investment plan, as set out in Building Wealth in the Stock Market, unless I state otherwise. Readers should see my stock journals in this light and not assume that the strategy that is appropriate for me is also automatically appropriate for them. This is because readers will/should have a different investment plan and must take strategy decisions in accordance with their own plan, not with mine.

My investment plan was earlier set out in my book The Aggressive Investor and with some minor changes in my later book Building Wealth in the Stock Market. From time to time I may make minor improvements to my investment plan. These are set out on the Investment Plan Changes page on the Building Wealth Resources menu.

The definitions of the ratios used in my analysis are defined in this document:

Ratios Used in My Analysis

Ongoing stock journals are listed below in the order in which they have been updated, with the most recent at the top.

The list of Completed stock journals may be switched between alphabetical order by company name or by date they were completed using the link at the top of the column.

Ongoing

Passive Investments in LICs
Change in asset allocation
Woolworths
Updated to analyse the 2019 annual report
Wesfarmers
Updated to analyse the 2019 annual report
Sonic Healthcare
Updated to analyse the 2019 annual report
Ramsay Health Care
Updated to 18 September 2019
Coles Group
First Annual Report
ARB Corporation
Analysis of the annual report

Completed

Order by company name (date)

Adelaide Brighton
Completed 20 November 2018
AGL Energy
Completed 8 February 2018
Amalgamated Holdings 1
Completed 6 May 2011
Amalgamated Holdings 2
Completed 6 June 2013
Amcom Telecommunications
Completed 24 May 2013
Amcor
Completed 4 May 2018
Asciano
Completed 15 December 2013
Aurizon
Completed 2 September 2014
Ausdrill
Completed 2 September 2012
Automotive Holdings Group
Completed 21 November 2016
BHP Billiton
Completed 15 February 2010
Blackmores 1
Completed 15 September 2010
Blackmores 2
Completed 13 March 2013
Bradken
Completed 15 September 2010
Brambles
Completed 20 February 2017
Brierty
Completed 18 August 2015
Cardno 1
Completed 20 October 2012
Cardno 2
Completed 22 November 2012
Cardno 3
Completed 14 October 2014
Cash Converters International 1
Completed 28 June 2009
Cash Converters International 2
Completed 12 May 2013
Cedar Woods Properties 1
Completed 28 May 2013
Cedar Woods Properties 2
Completed 5 November 2014
Coca-Cola Amatil
Completed 13 May 2013
Collection House
Completed 16 December 2015
Collins Foods
Completed 6 April 2016
Credit Corp Group
Completed to 29 October 2015
CSG
Completed 8 June 2010
CSL
Completed 14 March 2011
CTI Logistics
Completed 15 September 2014
Data#3
Sold 17 September 2018
Decmil Group 1
Completed 18 August 2011
Decmil Group 2
Completed 2 August 2012
DuluxGroup
Completed 27 December 2018
DuluxGroup
I have sold my holding on 25 June 2019, without waiting for the Scheme of Arrangement
eBet
Completed 20 November 2013
Finbar Group 1
Completed 30 May 2013
Finbar Group 2
Completed 11 September 2014
Fleetwood Corporation 1
Completed 16 April 2011
Fleetwood Corporation 2
Completed 4 September 2012
Flexigroup 1
Completed 19 September 2013
Flexigroup 2
Completed 28 January 2014
Forge Group
Completed 14 September 2010
FSA Group
Completed 24 February 2014
GUD Holdings
Completed to 28 December 2018
IMF (Australia)
Completed 19 June 2012
Invocare
Sold 25 September 2018
JB Hi-Fi
Completed 31 January 2014
Lend Lease Group
Completed 23 September 2015
Logicamms
Completed 6 November 2013
Lycopodium
Completed 8 September 2012
McMillan Shakespeare
Completed 11 April 2011
Melbourne IT
Completed 4 June 2010
Metcash
Completed 2 November 2011
Monadelphous Group
Completed 8 March 2013
Mortgage Choice 1
Completed 2 November 2011
Mortgage Choice 2
Completed 14 February 2012
Nick Scali
Completed 28 June 2017
Nomad Building Solutions
Completed 7 October 2010
Onesteel (now Arrium)
Completed 14 May 2011
Orora
Completed 23 November 2018
Oroton Group
Completed 9 September 2010
Pact Group Holdings
Completed 3 August 2017
Patties Foods
Completed 26 May 2011
Pioneer Credit
Completed to 22 November 2018
Programmed Maintenance Services
Completed 14 July 2014
Qube Holdings
Completed 1 December 2014
Ramsay Health Care
Updated to 7 June 2018
RCG Corporation
Completed to 3 June 2014
RCR Tomlinson
Completed 26 March 2014
Recall Holdings
Completed 1 July 2015
Retail Food Group
Completed 28 February 2017
Seek
Completed 29 October 2018
Skilled Group
Completed 12 January 2010
Sonic Healthcare
Completed 14 November 2018
Specialty Fashion Group
Completed 19 May 2010
Tamawood
Completed 3 January 2014
Tatts Group
Completed 6 December 2013
The Reject Shop 1
Completed 17 May 2011
The Reject Shop 2
Completed 28 January 2014
Thorn Group
Completed 8 July 2015
Toll Holdings
Completed 9 September 2009
TPG Telecom
Completed 20 September 2016
UGL
Completed 11 September 2011
Vision Group Holdings
Completed 9 September 2009
Vita Group
Completed 26 August 2016
Vocus Communications
Completed 9 March 2015
Webjet
Completed 15 May 2011
Wesfarmers
Completed 17 December 2018
West Australian Newspapers Holdings
Completed 29 September 2009