Asymmetric Payoffs, Thracian Capital Management

Asymmetric Payoffs

Thracian Capital Management

Equity Bottom-Up

<p>Medusa Mining is a gold miner, with its main asset the Co-O mine in the Philippines--a narrow-vein, low-cost mine. The company is trading at very low fundamental valuations--price/book of 0.49x and price/adjusted earnings of 2.45x.</p>

Medusa Mining is a gold miner, with its main asset the Co-O mine in the Philippines--a narrow-vein, low-cost mine. The company is trading at very low fundamental valuations--price/book of 0.49x and price/adjusted earnings of 2.45x.

Long MML AU (Medusa Mining Limited) Stock at A$0.685

Founder Evidente. Top rated quantitative analyst, Evidente

Sam Ferraro

Founder Evidente. Top rated quantitative analyst

Evidente

Evidente is an independent financial education firm that delivers innovative financial advice to wholesale investors, including active long only funds, hedge funds, pension funds, and sovereign wealth funds, in Australia and globally.  Drawing on academic research in asset pricing, behavioural finance and portfolio construction, Evidente provides wholesale investors with commercial solutions to stock selection and asset allocation decisions across equities and other asset classes.

Macroeconomics

<div>In a speech today, Christopher Kent, Assistant Governor, flagged that the RBA expects the speed of China's economic development to ease further, and for the composition of growth to evolve, reflecting four key developments.</div><ul>
<li>Slower growth of the working age population (which is largely baked in).</li>
<li>Urbanisation to continue albeit at a more gradual pace.</li>
<li>The still large productivity gap between China and advanced economies to narrow further, the speed of which is subject to the implementation of…</li>
</ul>

In a speech today, Christopher Kent, Assistant Governor, flagged that the RBA expects the speed of China's economic development to ease further, and for the composition of growth to evolve, reflecting four key developments.
Slower growth of the working age population (which is largely baked in).
Urbanisation to continue albeit at a more gradual pace.
The still large productivity gap between China and advanced economies to narrow further, the speed of which is subject to the implementation of…


Australia

Ten Sixty Four Limited provides exploration and mining services. The Company explores and develops gold projects in the Asia Pacific Region. Ten Sixty Four serves customers worldwide.

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Ten Sixty Four (X64 AU)

Long MML AU (Medusa Mining Limited) Stock at A$0.685

Medusa Mining is a gold miner, with its main asset the Co-O mine in the Philippines--a narrow-vein, low-cost mine. The company is trading at very...

Asymmetric Payoffs

RBA Downbeat on Commodity Price Outlook

In a speech today, Christopher Kent, Assistant Governor, flagged that the RBA expects the speed of China's economic development to ease further,...

Sam Ferraro

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