The fund manager in charge of
Spheria Emerging Companies Ltd(ASX: SEC) has revealed some of the ASX shares that it thinks look like good ideas at the moment.
Spheria’s investment philosophy is to buy companies with cash generative business models, with a demonstrated track record of solid returns at a sensible valuation given their industry dynamics and positioning.
Whilst Spheria believes that the world can overcome COVID-19, the threat of inflation and emerging signs of reluctance by central banks to “pump prime” to the same extent as they have since the emergence of COVID-19 means the fund manager is focusing its efforts on finding business models with pricing power and trying to avoid those that are likely to see unexpected compression in profit margins, such as mining contractors.
Ainsworth writes down assets
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Ainsworth Game Technology Announces Completion of Debt Restructuring Plan with U S -based Bank
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ASX stock of the day: Ainsworth Game Technology (ASX:AGI) shares rise 11%
Sebastian Bowen | March 15, 2021 4:30pm |
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The
Ainsworth Game Technology Limited(ASX: AGI) share price performed exceptionally well today, closing the session up 10.96% to 81 cents. Ainsworth shares had closed at 75 cents each on Friday afternoon, but opened at 80 cents apiece this morning, a level around which they essentially revolved all day.
This latest move in the Ainsworth share price caps off what has been an especially pleasing few months for shareholders. Back in early November 2020, Ainsworth shares were trading for 28 cents each. That means at today’s prices, the shares are up 189% since then. However, they are also still down 25% from the peak of $1.08 per share we saw at the end of last month.