14 new stocks added to the ASX 300 – just 6 profitable!

LiveWire03-11

Aristotle is credited with saying “Nature abhors a vacuum” and one of the first things I learnt as a graduate on the desk of a stockbroking firm was “the speculative dollar must go somewhere”. With ...

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With ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/14-new-stocks-added-to-the-asx-300-just-6-profitable\">Source Link</a>\n\n</div>\n","source":"livewire_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>14 new stocks added to the ASX 300 – just 6 profitable!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n14 new stocks added to the ASX 300 – just 6 profitable!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-11 12:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/14-new-stocks-added-to-the-asx-300-just-6-profitable><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aristotle is credited with saying “Nature abhors a vacuum” and one of the first things I learnt as a graduate on the desk of a stockbroking firm was “the speculative dollar must go somewhere”. With ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/14-new-stocks-added-to-the-asx-300-just-6-profitable\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NXG.AU","symbol_name":"NEXGEN ENERGY LTD-CDR","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/14-new-stocks-added-to-the-asx-300-just-6-profitable","article_id":"2418480870","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/14-new-stocks-added-to-the-asx-300-just-6-profitable","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2418480870","pubTimestamp":1710131515,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"Aristotle is credited with saying “Nature abhors a vacuum” and one of the first things I learnt as a graduate on the desk of a stockbroking firm was “the speculative dollar must go somewhere”. With this in mind it’s hard not to notice the recent popularity of speculative Uranium stocks.If the recently announced S&P/ASX 300 entries are any indication, Uranium appears to be The New New Thing. Bannerman Energy , Lotus Resources and Nexgen Energy are all representative of this trend and unsurprisingly none make money.For the past few of years, QVG Capital has been writing in Livewire about index changes with a particular focus on the proportion of unprofitable companies entering the S&P/ASX 300. On 1 March there were a jumbo 14 companies added to the S&P/ASX 300. We have previously discussed the lack of quality of 300 entries and this batch is ‘mixed’ with just 6 of the 14 making a buck.Table: 14 stocks that have been added to the S&P/ASX300 ","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NXG.AU":"NEXGEN ENERGY LTD-CDR","LOT.AU":"Lotus Resources","BMN.AU":"BANNERMAN ENERGY LTD","BK7120":"特殊消费者服务","BK7504":"锂钴概念","WC8.AU":"WILDCAT RESOURCES LTD","BK7083":"煤与消费用燃料","MRM.AU":"MMA OFFSHORE LTD","BK7108":"石油天然气设备与服务","MVF.AU":"MONASH IVF GROUP LTD","VAS.AU":"VANGUARD AUST SHARES IDX ETF","BK7095":"多种金属与采矿","BK7506":"金矿股","BK7113":"保健护理机构","PFP.AU":"PROPEL FUNERAL PARTNERS LTD","LRS.AU":"LATIN RESOURCES LTD","BK7508":"医药生物股"},"translate_title":"ASX 300指数增加了14只新股——只有6只盈利！","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BMN.AU":1,"WC8.AU":1,"VAS.AU":1,"PFP.AU":1,"NXG.AU":1,"MVF.AU":1,"MRM.AU":1,"LRS.AU":1,"LOT.AU":1},"content_text":"Aristotle is credited with saying “Nature abhors a vacuum” and one of the first things I learnt as a graduate on the desk of a stockbroking firm was “the speculative dollar must go somewhere”. With this in mind it’s hard not to notice the recent popularity of speculative Uranium stocks.  \nIf the recently announced S&P/ASX 300 entries are any indication, Uranium appears to be The New New Thing. Bannerman Energy (ASX: BMN) , Lotus Resources (ASX: LOTN) and Nexgen Energy (ASX: NXG) are all representative of this trend and unsurprisingly none make money.\nFor the past few of years, QVG Capital has been writing in Livewire about index changes with a particular focus on the proportion of unprofitable companies entering the S&P/ASX 300. On 1 March there were a jumbo 14 companies added to the S&P/ASX 300. We have previously discussed the lack of quality of 300 entries and this batch is ‘mixed’ with just 6 of the 14 making a buck.\nWhy the ASX300 is a big deal\nFor those wondering about the significance of the S&P/ASX 300, it’s the benchmark that index funds such as the $15.1 billion Vanguard Australian Shares Index (ASX: VAS) seeks to replicate. It’s also the pool that many fundamental portfolio managers use as a cut off for their potential investable universe. With a new batch of additions entering the index on the first of March, we felt it was worth reviewing the current crop.\nHere goes:\n\nTable: 14 stocks that have been added to the S&P/ASX300 (Source: QVG Capital)\nThe table above shows the 14 stocks that have recently been promoted into the index. Every 6 months - in March and September - the dark cabal that is the S&P’s index committee gets together and ‘promote’ and ‘delete’ stocks from various indices. There were a higher than usual 14 entries this time as the ASX has seen several takeovers of former ASX300 constituents such as Costa Group, Invocare and United Malt all leaving gaps to be filled.\nLithium stocks and battery minerals companies have dominated recent entries and there are a couple here such as Latin Resources (ASX: LRS)  and Wildcat Resources (ASX: WC8) but given the recent Lithium price these are in the minority.\nWhile most entries don’t make money at least the class of March 2024 at least has a few profitable companies. For example, MMA Offshore (ASX: MRM)  is riding the wave of increasing day rates for its boats, Monash IVF (ASX: MVF) is pregnant with potential, Propel (ASX: PFP) is leaving the competition in their wake while recently-listed Redox is looking in their element.\nWhat to make of all this?\nWe suggest the following:\nIf you buy an index product, be aware you’re buying the good, the bad and the ugly.\nFundamentals such as profitability, durability of those profits and efficiency (i.e. how much capital is required to generate those profits) is what drives share prices in the long run.\nAnd finally, stocks with weak fundamentals that are over-valued for technical reasons can present great shorting opportunities; ones the QVG Long Short fund seeks to take advantage of.\nHow to take advantage of volatile share prices\nThe February reporting season witnessed significant fluctuations in stock prices, often unrelated to the fundamental value of companies. Volatility creates opportunity for active investors to buy shares at attractive valuations and to exit overpriced stocks during these pronounced market swingsIf you're interested in learning about how to take advantage of these opportunities please register for the upcoming QVG Capital Investor Webinar to be held on Wednesday the 20th of March.\nREGISTER HERE \n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2418480870"}