I didn't know 3 months had passed so quickly.
Apr 18
Design Studio Bought more at $0.32. I didn't have the time to do a detailed review, but the company locked in losses, CFO resigned, but I think that the business model was still sound, so I just bought a bit first. Prices have fallen further since, so I will just adopt wait and see approach.
May 18
QAF Bought more at $0.95. Same thing, I didn't have the time to do a detailed review, but the company announced reduced earnings, some oversupply issues still persist which look cyclical, but economic moat still looks good, so I just bought a bit first. Prices have not fallen beyond $0.95, but hovering around $1.
Jun 18
Singtel Bought more at $3.18. Same thing, I didn't have the time to do a detailed review, but the company fundamentals hadn't changed much. I think it's just the market sentiment about the threat of the 4th telco adding price pressure. I still like the business, so I just bought a bit first and will just wait and see if the price falls further. Prices have fallen further.
Hopefully more opportunities appear in the coming months.
