Portfolio Update (01/06/19)

My only trade this week was selling RMA Global Ltd (ASX:RMY). I am not convinced by the sustainability of the business. The company has recently created the ability for agents to share their reviews on Google. REA Group Limited (ASX:REA) offers a service where you can see the sales performance of agents. Why would you go the RMY's site when you can get (probably richer) information from Google and realestate.com.au? Consumers are already familiar with these alternatives. If consumers don't go to ratemyagent then why would an agent pay RMY a subscription?

AU Portfolio:

ASX:AKG - 4.72%
ASX:BTH - 8.56%
ASX:DDR - 5.93%
ASX:DTL - 5.34%
ASX:EAS - 4.70%
ASX:FID - 5.20%
ASX:GAP - 5.08%
ASX:GOLD - 4.91%
ASX:JYC - 5.08%
ASX:KME - 10.21%
ASX:KOV - 5.08%
ASX:LBL - 5.83%
ASX:LYL - 5.19%
ASX:OTW - 4.51%
ASX:PTM - 5.00%
ASX:WES - 5.18%

Cash - 9.46%

UK Portfolio:

LON:AFX - 4.90%
LON:ASY - 5.32%
LON:AVON - 4.51%
LON:BMY - 4.66%
LON:CGS - 5.10%
LON:CLIG - 4.70%
LON:CRL - 9.72%
LON:D4T4 - 6.35%
LON:EUSP - 7.93%
LON:EYE - 4.81%
LON:JDG - 5.01%
LON:OXB - 5.18%
LON:RFX - 4.80%
LON:SPE - 9.26%
LON:WINK - 4.86%
LON:WJG - 4.54%

Cash - 8.35%

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