BowTiedStocks @bowtiedstocks Twitter profile

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BowTiedStocks

@bowtiedstocks

2 months

BowTiedStocks' Principles for Equity Investing:

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BowTiedStocks

@bowtiedstocks

2 months

The fact this can be a legitimate headline in this country is absurd…

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BowTiedStocks

@bowtiedstocks

2 months

Talking to a barrister this morning - top 1 or 2% by income Even they are gobsmacked by Gold Coast property prices… New developments popping up with one apartment per floor etc - asking prices $4m - $6m Who has the money for all of these?!

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BowTiedStocks

@bowtiedstocks

29 days

In Brisbane, high profile resi and commercial real estate agents are the Gods of the city Living in new farm and getting around in their Range Rovers It is a very Brisbane phenomenon where these people are top of the social pecking order…

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BowTiedStocks

@bowtiedstocks

2 months

Went to AFL last night - full house at the Gabba $12.20 a pop for a beer and the beers were flowing for many 🍻 Brisbane CBD restaurant today and it’s full Unemployment at 4% Doesn’t feel hugely contractionary to me out there at this point…

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BowTiedStocks

@bowtiedstocks

2 months

$CBA.AX Almost 3x book value for a bank! And it’s our largest company For the uninitiated, this means CBA’s market cap is trading at nearly 3x the value of its balance sheet. A huge premium - when have banks ever traded for more than this globally? Genuinely curious to know.

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BowTiedStocks

@bowtiedstocks

3 months

CPI at 4% Someone done a welfare check on the Kouk?

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BowTiedStocks

@bowtiedstocks

2 months

A story of Burleigh Heads property… Now listed as a mortgagee in possession sale

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BowTiedStocks

@bowtiedstocks

3 days

The average Aussie resi propadee investor’s investment thesis: - propadee only ever goes up, just look at last 20 years (no acknowledgement of role of interest rates going to zero and two income households becoming the norm) 1/2

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BowTiedStocks

@bowtiedstocks

8 days

“Propadee only ever goes up”… And this is in our second most populous city, which barely scrapes into the top 10 cities / towns nationwide by house price… Lots of other areas with a lot further to fall

Spachus Aus

@SpachusAus

8 days

Update on #Melbourne : Property reduced below -20% (black) is starting to gain speed. We have been tracking Melbourne for 2.5 years and not seen this level of decline. See our listing maps at #realestate #auspol24

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BowTiedStocks

@bowtiedstocks

2 months

Aussie Aussie Aussie Propadee Propadee Propadee!! Negatively geared at a 50% LVR on $10m portfolio…but debt service apparently not an issue…

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BowTiedStocks

@bowtiedstocks

3 months

@SpachusAus The financial hubs and tech powerhouses of the Sunny Coast and Gold Coast Ridiculous

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BowTiedStocks

@bowtiedstocks

3 months

$GYG.AX The people about to become significantly richer at 12pm today!

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BowTiedStocks

@bowtiedstocks

1 month

Something pretty broken here Record high propadee prices, yet one of the nation’s largest developers can’t make any money What needs to reset? Is it land values? Labour costs as well??

Housing crisis rages, but there’s no money in building flats

The property developer’s shock profit downgrade is all about its struggles to make apartment projects profitable, even as housing shortages worsen.

www.afr.com

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BowTiedStocks

@bowtiedstocks

1 month

@_warrenhogan The best economic commentary on here bar none

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BowTiedStocks

@bowtiedstocks

4 months

Another Saturday bbq where talk of the house down the street selling for $3m is totally normalised. ‘Ah yep that sounds about right. We’d probably get $2.5m for ours’. Has become a totally standard conversation around the place.

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BowTiedStocks

@bowtiedstocks

1 month

Which one would you prefer: $GOOG Alphabet, owner of Google, YouTube, etc on 24x earnings, OR $REA.AX REA Group, owner of on 54x earnings? What has driven the $REA.AX share price to these nose bleed levels? Is it the sheer lack of other ‘tech’ on ASX?

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BowTiedStocks

@bowtiedstocks

6 months

@plebcapital Imagine being the tenant of that property discovering you have a 6 year old landlord that jacked your rent up 30%

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BowTiedStocks

@bowtiedstocks

28 days

A story of Tweed Heads property… Auction guide: $2.9m April 2022 purchase price: $3.74m Seller is ‘highly motivated’…

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BowTiedStocks

@bowtiedstocks

3 months

Fascinating chart here - Surgeons, Medical Specialists and Dental Practitioners seem to have some of the highest rates of Aussie investment property ownership. For Financial Dealers the ownership level is much lower, despite the comparatively high income. Any theories why??

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BowTiedStocks

@bowtiedstocks

8 days

@GeoffWilsonWAM @australian 💯 agree Geoff He’s gaslighting the Australian public and treating them with utter contempt Probably didn’t go hard enough given how long this circus has been ongoing for

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BowTiedStocks

@bowtiedstocks

2 months

$CBA.AX Aussie banks have long been the domain of yield hungry investors, especially retirees But at current prices: CBA shares offer a fully franked yield of ~ 3.4% (4.9% grossed up) A CBA term deposit currently offers 4.9% for 12 months I know which one I'd be taking!

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BowTiedStocks

@bowtiedstocks

5 months

@rationalaussie They also don’t want to sell up because the value of the principal place of residence is exempt from the pension assets test. So keep living in a $5m house and receive the pension 👍🏻

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BowTiedStocks

@bowtiedstocks

3 days

- sure I’m losing money now, but that’s ok, cos I’ll get it back in capital gains - the govt will never let propadee go down, the consequences would be disastrous, therefore they cannot let it happen Comically stupid stuff all round And the govt is happy to subsidize!! 2/2

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BowTiedStocks

@bowtiedstocks

3 months

@great_martis Did Ken Lay ever get to do this??

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BowTiedStocks

@bowtiedstocks

2 months

$CBA.AX at $130+ and it is becoming clear the market is becoming less efficient due to the huge weight of index and passive money Look at our largest stocks and how many of these are on a valuation that makes sense? The question for active managers is when does this revert…

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BowTiedStocks

@bowtiedstocks

1 month

@AlboMP This account has gone full parody

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BowTiedStocks

@bowtiedstocks

3 months

How you dress when you’re looking to raise $400m in private credit on Eagle St

BowTiedStocks

@bowtiedstocks

3 months

Projected annualized returns of 18% in private credit… What could possibly go wrong here… .

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BowTiedStocks

@bowtiedstocks

2 months

The big beneficiaries of inflation are: 1) Asset owners 2) Those carrying debt, with inflation reducing the value of this debt in real terms This includes Governments… The biggest losers from inflation are those that don’t own assets - generally the poor and the young…

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BowTiedStocks

@bowtiedstocks

5 months

@DaveTaylorNews Almost right on cue…

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BowTiedStocks

@bowtiedstocks

2 months

$ARB.AX ARB - quality company, everyone raves about its products But at what price does it make a good investment? Share price $40.31, PE ratio ~ 31x What level of profit growth does it need to deliver in next 10 years for it to work out as a great investment at 31x??

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BowTiedStocks

@bowtiedstocks

1 month

At this point of the economic cycle I’m convinced that most workplaces could cull 10-20% of their workforce tomorrow without a single impact on output or productivity

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BowTiedStocks

@bowtiedstocks

9 days

$REA.AX REA Group looking to purchase some profits… REA profit $461m REA market cap $28.8bn $RMV Rightmove profit $512.8m Rightmove market cap $8.5bn Imagine the ‘value creation’ if that REA multiple can hold….

REA eyes global transformation with $9b Rightmove purchase

The News Corp-backed real estate platform confirmed it was interested in buying the largest property portal in the United Kingdom. Investors are unconvinced.

www.afr.com

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BowTiedStocks

@bowtiedstocks

4 months

@celestialbe1ng Cannot go wrong with that Northern Italian diet! Butter is an underrated superfood

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BowTiedStocks

@bowtiedstocks

3 months

@michael_read_ Pretty obvious really when our base rate is significantly below all those other countries’ RBA doing its best to keep this property bubble running!

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BowTiedStocks

@bowtiedstocks

2 months

Time for insurance renewals and wow it’s grim… Insurance costs have continued to escalate Quote to insure an SUV for personal use: $2,060 Same car to insure in 2021 the cost was < $800 CPI 4% now though… Surely there’s a lot of people opting out of cover at this point…

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BowTiedStocks

@bowtiedstocks

2 months

Another Burleigh Heads property pipe dream... Look at that price history 'Ruin X' - bought in 2022 for $2.7m by a 'crypto entrepreneur' from Victoria And just off the main road Bermuda St... What does this trade for next??

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BowTiedStocks

@bowtiedstocks

3 months

@SpachusAus Doing God's work here @SpachusAus For Aussies propadee values are a very emotive issue - their sense of self is almost tied up in the value of their house!

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BowTiedStocks

@bowtiedstocks

3 months

@BlackbullRsrch This is x5 for Australia 🇦🇺 Will be a good thing to get back to focusing on productive endeavors What good comes from a property bubble?

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BowTiedStocks

@bowtiedstocks

5 days

@plebcapital As someone on the ground, can confidently say GC downturn will be biblical ! The lowest IQ people just blatantly going whole hog on property speculation in recent years

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BowTiedStocks

@bowtiedstocks

24 days

A big lesson as an adult - life doesn’t happen in a straight line up and to the right This can be difficult to come to terms with, particularly for type A achiever types Unexpected setbacks and curveballs are all part of it Dealing with adversity is an important skill to learn

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BowTiedStocks

@bowtiedstocks

6 days

$GYG.AX GyG up at $3.7bn market cap now $37.215 share price Like a runaway freight train running off the valuation tracks…

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BowTiedStocks

@bowtiedstocks

6 months

@clowndownunder It’s a housing and population Ponzi scam. Voters know it. @bobjcarr thanks for calling it out

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BowTiedStocks

@bowtiedstocks

1 month

Does anyone out there seriously believe the ASX 200 now represents good value after today’s 3.8% fall??

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BowTiedStocks

@bowtiedstocks

4 months

@tonytardio Is the Victorian economy basically public servants, real estate agents and mortgage brokers?

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BowTiedStocks

@bowtiedstocks

3 months

@CommSec They’re selling a bit of a dream with this one. 32.5x EBITDA is spicier than their chicken burrito 🌯

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BowTiedStocks

@bowtiedstocks

2 months

Dreams can come true!! 72 Dorothea St, Cannon Hill Sold for $3.265m Suburb record pre Covid was perhaps $1.5m Ignore the naysayers - anything is possible in the Aussie propadee market!

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BowTiedStocks

@bowtiedstocks

1 month

@AlboMP Is this the parody account? I can’t tell anymore… And by wiping, you mean taxpayers are picking up the bill 💸

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BowTiedStocks

@bowtiedstocks

5 months

@cjoye Pretty much how it has played out and almost right on cue:

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BowTiedStocks

@bowtiedstocks

4 months

@RevampedCP Seeing my firm commit to improve gender balance and diversity at the senior levels, so females were given a free pass for promotion over the next generation of males vying for those roles to correct for the existing imbalance.

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BowTiedStocks

@bowtiedstocks

2 months

$DMP.AX Dominos Pizza - who would have thought the COVID lockdown boost would not be extrapolatable into perpetuity… And STILL on a PE x ~ 25 You’re paying a lot for your pepperoni here! 🍕

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BowTiedStocks

@bowtiedstocks

4 months

@AvidCommentator Some may argue Miles isn’t the sharpest tool in the shed, but even he can tell where the votes are at!

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BowTiedStocks

@bowtiedstocks

2 months

@TheRealDavey2 Australians are generally far too apathetic on too many shocking issues of mismanagement

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BowTiedStocks

@bowtiedstocks

2 months

@threedogsonekid The Gold Coast is more expensive than Melbourne now for housing

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BowTiedStocks

@bowtiedstocks

4 months

@crashm111 Sell your soul for a slice of Aussie resi propadee! The absolute state of the property market and this country…

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BowTiedStocks

@bowtiedstocks

3 months

Opinion piece on why $GYG is a great investment… As written by a current GyG shareholder… “If you take a medium to long term view, then the price of the IPO is less relevant.” 🤡 @FinancialReview is this a paid advertisement?? .

Guzman y Gomez’s spicy burrito is a recipe for high growth

It’s easy to sound smart by being gloomy about the future of a stock, but the future of this Mexican-themed chain is positive.

www.afr.com

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BowTiedStocks

@bowtiedstocks

6 months

@plebcapital Our country has become a Betoota article

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BowTiedStocks

@bowtiedstocks

5 months

@MarkDiStef We didn’t hike fast enough, our base rate is lower than most comparable countries so it’s no surprise inflation is ‘sticky’ here

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BowTiedStocks

@bowtiedstocks

3 months

@AvidCommentator Minns Govt now taking policy advice from The Simpsons…

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BowTiedStocks

@bowtiedstocks

6 months

@MChandlerMather Will you dare discuss the ‘I’ word Max (immigration), or is that off limits?

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BowTiedStocks

@bowtiedstocks

30 days

$CAR.AX Carsales / CAR Group - have a look at this long term track record of compounding! Simply incredible At what share price would it make a compelling investment today?

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BowTiedStocks

@bowtiedstocks

4 months

@TMFScottP Let me get this straight - interest rate increases from 0.1% to 4.35% haven’t been able to get the inflation genie back in the bottle, but a budget focused on giving voters ‘cost of living relief’ is going to bring inflation down? Does anyone other than Dr Jim believe that?

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BowTiedStocks

@bowtiedstocks

27 days

$GMG.AX Goodman Group - what a picture! From the highs of 2007 to the depths of the GFC and back again

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BowTiedStocks

@bowtiedstocks

4 months

@AvidCommentator It’s beginning to smell more and more like a Ponzi!

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BowTiedStocks

@bowtiedstocks

3 months

@BlackbullRsrch Australia is just a bigger and more extreme version of this do you agree?

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BowTiedStocks

@bowtiedstocks

7 days

@AvidCommentator Dragging on and on because the Govt doesn’t want the country to take its medicine….

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BowTiedStocks

@bowtiedstocks

27 days

Pre-tax multiples of stocks Buffett took big positions in, at the time of taking those positions:

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BowTiedStocks

@bowtiedstocks

2 months

When people ‘earn’ more from the annual appreciation of their house than they do from applying their skills and talents everyday in their career, what are the long term repercussions for society? Where is the incentive to ‘try’ and also to take risks by setting up businesses?

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BowTiedStocks

@bowtiedstocks

2 months

@LandingHar69191 What excuses are the property pumpers using though? Bad weather? Big game of footy at the ‘G? There’s always something they’ll use to twist their logic around to

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BowTiedStocks

@bowtiedstocks

3 months

Glorious Sunday here in Brisbane! I remind myself regularly of all those Sundays of unpaid work I put in for a big 4 partnership No doubt so the partner could afford another beach house or tennis court Some good lessons learnt but thank God those days are behind me…

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BowTiedStocks

@bowtiedstocks

2 months

@DaveTaylorNews Making their hydrogen team redundant, which should actually help reduce emissions if they no longer have to travel to work

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BowTiedStocks

@bowtiedstocks

4 months

Long lunch with old school mates today Strapping in for another session at this grand dame

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BowTiedStocks

@bowtiedstocks

29 days

@Ease_Up_Turbo It was a bit tongue in cheek. But they genuinely think that they are!

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BowTiedStocks

@bowtiedstocks

3 months

You’d think big 4 partners would be happy given many take home > $1m a year This is not what I observed Many appeared miserable and ‘stuck’ in their specialized roles, with few outside job alternatives Working 60+ hours a week to satisfy never ending client demands

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BowTiedStocks

@bowtiedstocks

3 months

Looking around at valuations in equity markets you just see the most crazy stuff at the moment Is anyone comprehending that an Aussie 10 yr govt bond yields ~ 4.5%?? A ‘PE’ of 22 for a risk free earnings yield… People are sleep walking like zombies into the next crash

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BowTiedStocks

@bowtiedstocks

2 months

$GYG.AX ‘Dual lane serving system’ Revolutionary! Easily worth throwing an extra digit on the multiple

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BowTiedStocks

@bowtiedstocks

5 months

@strangerous10 Quite an articulate summation, he makes some good points

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BowTiedStocks

@bowtiedstocks

2 months

@andwedancedAU That’s a gross yield of 5.5% assuming it continues to have 0% occupancy Is that really that amazing? Would probably get a better yield from a government bond after taking out the property costs of ownership

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BowTiedStocks

@bowtiedstocks

4 months

I’m relatively new to X, but this algo is interesting: - post about $SOL.AX Soul Patts, one of best long term dividend payers on ASX: 2 likes, 411 views - post about Sat arvo bbq property chat: 57 likes, 5.9k views ‘Straya 🇦🇺 Propadee for the win!

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BowTiedStocks

@bowtiedstocks

4 months

@AvidCommentator Still can’t be ruled out that rates could go up from here. Looking less likely, but not impossible!

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BowTiedStocks

@bowtiedstocks

3 days

@FinancialReview Our society has too much household debt so everyone should be made to suffer through greater erosion of purchasing power because of it?

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BowTiedStocks

@bowtiedstocks

2 months

Gold Coast house prices - here's a great example of the surge in prices the GC has seen Tugun - an area historically full of junkies and fibro shacks Median house price of $690k in July 2019, today it is up to $1.245m Where have the junkies moved to? Priced out of the GC!

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BowTiedStocks

@bowtiedstocks

2 months

@AvidCommentator Remove family home exemption from pension means test would be a start Someone sitting in a $5m family home and receiving the pension is absurd

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BowTiedStocks

@bowtiedstocks

7 days

Workplace organizes a financial education session for staff as part of a ‘wellbeing week’ Sends in a finance broker, lol The Aussie way ! 🇦🇺

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BowTiedStocks

@bowtiedstocks

27 days

A lot of owners in Melbourne having to take a loss here… But you probably won’t read about it via the mainstream news channels! Will it spread to the other eastern seaboard cities? A lot of other cities are priced higher than Melbourne today

Spachus Aus

@SpachusAus

27 days

There are currently 751 property listings in #Melbourne for sale under the last sold price. The most we have ever recorded for one city. #sellingunder #realestate

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BowTiedStocks

@bowtiedstocks

7 days

Looking through the financials of a smallish scale home builder today they has big aspirations - lots of risks involved - thin profit margins - need to walk a tightrope with customers and suppliers with respect to cashflow and staying solvent… Why would you bother?

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BowTiedStocks

@bowtiedstocks

2 months

@SpachusAus Gods work 🫡

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BowTiedStocks

@bowtiedstocks

5 months

@PeteWargent The lenders:

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BowTiedStocks

@bowtiedstocks

3 months

@Johnkehoe23 If anyone thinks cuts are coming here soon it’s pure hopeium We’ve got stagflation on our hands…

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BowTiedStocks

@bowtiedstocks

2 months

Out to dinner tonight for the son’s birthday The Hawthorne restaurant was packed for a Tuesday, full Managers says it’s like that every night now What I noticed - a lot of families dining, all with at least one boomer dad at the table who you just know is picking up the bill…

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BowTiedStocks

@bowtiedstocks

5 months

@AvidCommentator ‘Supply issue’ in Australia though according to the politicians and the boffins

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BowTiedStocks

@bowtiedstocks

3 months

@samstrades We are world champions at: 1) negative gearing 2) NDIS rorts 3) importing record student immigrants Well done Australia 🇦🇺 🏆

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BowTiedStocks

@bowtiedstocks

3 months

$GYG who’s going to take a bite out of this 🌯 at 32.5x EBITDA??

ASXlongshort

@ASXlongshort

3 months

$GYG April Fool's vibes

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BowTiedStocks

@bowtiedstocks

2 months

In life not only is it important to have goals but what is also needed is a plan to achieve them Otherwise you’re just a dreamer Behold - the Albo housing target goal! Now what’s the plan to achieve this Albo?

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BowTiedStocks

@bowtiedstocks

8 days

@TheASXDegen It made sense to relocate when you could sell your Melb house and buy something in South East Qld or Perth with change left over South East Qld now significantly more expensive for housing than Melb Soon people will start relocating to Melbourne for ‘affordability’

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BowTiedStocks

@bowtiedstocks

4 months

This economy needs a hard reset. So many excesses have been built up over the past 20 years! Let the cycle run its course and shed the deadwood and inefficiency. Productivity needs to lift and it’s not going to happen without shedding some excess baggage!

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BowTiedStocks

@bowtiedstocks

2 months

@SpachusAus $400k ish? What do you put it at?

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BowTiedStocks

@bowtiedstocks

2 months

Which big law / accounting partner is getting around in this bad boy? Hopefully their ego can fit in the car too!

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BowTiedStocks

@bowtiedstocks

2 months

On a scale of 0 - 10, what rating do you give to this big Super asset allocation? The 27% in 'Unlisted assets and alternatives' would personally make me quite nervous... As much in AU shares as International is also interesting - AU roughly 2% of global sharemarkets

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BowTiedStocks

@bowtiedstocks

2 months

When I was a kid my father drilled this sort of compounding sharemarket returns chart into me and I’m very grateful that he did: - Start early - Save more than you earn - Make sensible investments in the sharemarket Very hard to lose over the long term!

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BowTiedStocks

@bowtiedstocks

6 months

@ShaneOliverAMP How can this be happening amidst a housing, rental and cost of living crisis? @AlboMP

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