Recent investment action
Several new investments have been made recently. We have reinvested into Energy Action (ASX: EAX). We divested because financials were deteriorating. This has reversed and the company represents value at current prices (Light green: value grade C3).
Class Ltd (ASX: CL1) provides software services to self managed super funds in Australia. We consider it to be ethically neutral, but it represents good value at current prices (Value grade C1).
As flagged in our post on 22nd December 2017, we have now sold all our shares in Pacific Energy (ASX: PEA).
Generally, our portfolio is down over the last two months, but we have held up well when compared to benchmarks such as the All Ordinaries index. At the end of February our shares were valued at $310 per share. (March valuation to be provided soon.)