What a month for ASX investors! Reporting Season or results season for 2024 has been huge and the analyst have had their heads down analysing stocks.

I must say, I am a bit annoyed. I buy the stocks we promote and the one time I didn’t – don’t ask me why – the stock almost doubles in 2 months!

What stocks do I own?

Don’t get me wrong, I’ve got some winners like Integrated Research $IRI , Count Plus $CUP, nuclear stocks like Paladin are still up a long way.

I’m annoyed I don’t own AI-Media $AIM!

Which stock am I kicking myself about! I’m talking about AI-Media (AIM), which was one of the more upbeat results presentations I’ve seen in a long time. I was so impressed I wanted to keep it on a spec buy; but then I thought, would I buy it? It’s gone up so fast, it’s so early stage. In the end, we paired it back to hold. I’ll says this, if they get their ambitions of $150m in revenues and $60m in EBITDA in five years. FY24 revenue was $66m and EBITDA was only $4.1m. It’s a big deal and I’m watching them like a hawk.

Reminds of Afterpay…

I said the same thing about Afterpay in about 2014 and the shares were below $10 as I remember it. (We first recommended Afterpay at $2.15!).

I got quizzed by the guys at nabtrade & Switzer I think, who were pouring cold water on the story.

I said, if these guys get their ambitions in the US, there’s not stopping them. As it happened, that was true, but crucially it was before the big rise in interest rates, which stopped the bnpl sector in its tracks, at least for a while. I don’t think anything can

Getting back to AI-Media. Everything is a learning experience.

What you want are stocks that are surfing some big theme on the one hand; plus have the ability to do it (management) and are not crazily priced.

Founder led stock

AI-Media is founder led, has shown that in a defined market, North American broadcasters, it’s taking market share. Why is it taking market share, because it’s product is a no brainer. It’s AI technology does captioning at a fraction of the price and it’s better than humans.

Buying PureProfile (PPL)

You know what I did. Well what we did was downgrade AI-Media to hold. What I did was buy a stock. I added another iron in the fire.

I added PureProfile (PPL). This stock runs on the data theme as well and it’s taking market share in the UK where private equity led competitors are falling by the wayside because of funding issues.

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