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Bitcoin entrepreneur Kain Warwick is proving to be one of the best buyers in Sydney’s beachside eastern suburbs since the cryptocurrency boom, securing luxury houses from North Bondi to Tamarama and now Bronte for a total of $33.25 million.
The most recent purchase by the 40-year-old founder of derivatives trading platform Synthetix is the Bronte home of online gambling website founder Joshua Chan for $12.2 million – rumoured to be a home for his parents, Allana and Kim Warwick, the latter of whom is the renowned tennis legend and six-time grand slam champion.
Warwick’s purchase in a company name he owns with his wife Raphaella almost triples the $4.55 million Chan paid for the house in 2012 and was well above the $9.5 million guide offered by Raine & Horne’s Ric Serrao and PPD’s Alexander Phillips.
What truly moves an ASX share price? Knowing the unknown
What truly moves an ASX share price? Knowing the unknown
Thinking that you know better than other investors is a major trap. Here are some suggestions for your investment approach in the new financial year.
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony s stock holdings are here.
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Do you think you’re a good investor?
In part 1 of our interview, Forager Fund senior analyst Alex Shevelev explained how his
Forager Australian Shares Fund(ASX: FOR)spots bargains that others are ignoring. Now in part 2, he reveals the boom US company listed on the ASX that doubled his money in just a few weeks.
Overrated and underrated shares
Alex Shevelev:
RPMGlobal Holdings Ltd (ASX: RUL), I think that is the most underrated stock. And I think it’s underrated partially because many investors are not looking at it and are not appreciating just the quality of revenue and cash flows the business produces. And also not appreciating the opportunity for the business to grow over long periods of time.
How to score a sneaky bargain: ASX fund manager
How to score a sneaky bargain: ASX fund manager
Ask A Fund Manager: Forager Fund’s Alex Shevelev explains how his listed fund picks up shares that the rest of the market is ignoring.
Latest posts by Tony Yoo (see all)
May 26, 6:29pm AEST
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Ask A Fund Manager
The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In part 1 of our interview, Forager Fund senior analyst Alex Shevelev explains how his ASX-listed fund nabs under-appreciated bargains, plus the stock it’s still holding after 9 years.
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