From crime to ASX microcap multi-baggers, ft. Peter Johns

In this episode of The Australian Investors Podcast Rask Founder Owen Rask is joined by Peter Johns, portfolio manager at Westferry Investment Fund. Peter also goes by the handle Microcap Jesus (@Saintly96) on Twitter.

What Peter & Owen talked about

You told me that one year you had ~$50 million annual trading volume via CommSec but had just ~$200k balance every night. What type of investing/trading were you doing?

  • Did it work?
  • How much brokerage did you rack up on CommSec?

Going back a bit, why did you get into law? In particular, criminal law? What did you specialise in?

Why was investing so appealing? Were you investing on the side? How did you convince your other half?

Given your diverse background, do you study or follow people in the finance industry? (specifically spivs) Related: has doing 1,000 interviews as a lawyer changed the way you judge people? What skills could investors leverage to better analyse management?

What are some red, amber or green flags you look for? When have these worked for or against you? Peter walks us through the fascinating story of Indonesian Apple reseller, Story-I Ltd (ASX: SRY).

You started with 300 Capital. What was this and why did you take on friends’ money? In 2021 you transitioned to Westferry. Why did you bother to get an AFSL and go down that path?

Can you describe why you invest? Specifically, how would you describe your investment philosophy and reason for investing the way you do? Are you a fundamental investor? Do you invest long-term? etc.

How do you source new ideas?

Stock stories:

  • Australian Family Lawyers (AFL) has been a consistent holding for you, and it’s interesting given your background. Are legal businesses really good businesses? Why is that different to Shine (ASX: SHJ) or Slater & Gordon (ASX: SGH)? What key metrics do you track?
  • Pacific Turbine Brisbane (ASX: PTB) is another large holding you’ve had for some time. Can you dive into the thesis and journey of this company through your research process?

Final question: if you could go back and tell a younger Peter one thing about investing, what would it be?

Visit the Westferry website: https://westferry.com.au/

Like money? Subscribe today and get weekly stock ideas

The Australian Investors Podcast is one of Australia’s top investor podcasts, as ranked by Apple Podcasts & Spotify, focused on investing in ASX & global markets.

When you subscribe to the podcast on Apple Podcasts, Spotify, YouTube or Castbox you’ll get weekly insights on ASX & global shares, funds, ETFs and more. Let Owen be your field guide to investing profitable for decades to come.

Why on earth would I bother listening to this episode?

The Australian Investors Podcast brings together Australia’s best investors. Weekly episodes by investors, for investors.

In this episode, Owen & Peter dive into Peter’s unconventional backstory and unearth some of the softer skills that are required to thrive in ASX microcaps. Peter goes into great detail to explain why the people behind companies are often some of the most important indicators of a company’s success on the stock market, and why Peter tracks ‘spivs’ and promoters.

Finally, Peter into great detail about the reasons why he owns shares of Pacific Turbine Brisbane (ASX: PTB) and Australian Family Lawyers (ASX: AFL), including how he found and analyses the companies.

This is a fantastic episode for new and experienced small-cap investors alike.

Want more video? We got you…

Watch the video on the Rask Australia YouTube page: https://www.youtube.com/c/RaskFinance

Like it? Love it? Hate it? Tell me about it…

If you like The Australian Investors Podcast, say g’day to me on Twitter (@owenrask) or Instagram (@owenraskau). I’d like to get your suggestions for future episodes.

Want more of Rask’s best investment ideas? Please, right this way…

To get 6 months of Owen and the Rask analyst team’s ASX research, join Rask Investhttps://bit.ly/aip-discount

Listeners who want access to high conviction ASX share research, plus ETF models can get $100 off a Rask Invest membership using the discount code “investpod”. Join today and access exclusive insights.

Tweet us on Twitter

Say “G’DAY” to Owen: Twitter or Instagram.

Say “Howdy!” to Peter on Twitter.

The best part was the disclaimer” – said no-one ever

This information warning is actually important (that’s why we write it in the same size font… unlike our competitors).

This podcast contains general financial advice only, issued by The Rask Group Pty Ltd. This information does not take into account your needs, goals, or objectives. So please consult a licensed and trusted financial adviser before acting on the information. Investing in risky and can result in capital loss. Nothing in this podcast should be considered as a forecast or guarantee of future returns. Please read Rask Australia’s Financial Services Guide (FSG) available on our website to learn more about us, what we offer and our podcasts.

Date of recording: December 16th, 2021

The information on this website and in our podcasts is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

Share this episode:

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on whatsapp
Search finance answers:
Generic filters

Like our podcast?
Get Owen’s weekly newsletter.

Like our podcast? Get Owen's weekly newsletter.

Want to level-up your analytical skills and investing insights but don’t know where to start? We can help. Join 35,000+ Australian investors on our mailing list today and we’ll send you our favourite podcasts, courses, resources, investment articles and podcasts every week. Delivered to your inbox every Sunday morning. Grab a coffee and let Owen and the team bring you the best investment insights every week.

arrow-03

Like our podcast?
Get Owen's weekly newsletter.

Want to level-up your analytical skills and investing insights but don’t know where to start?
We can help.
Join 25,000 Australian investors on our mailing list today and we’ll send you our favourite podcasts, courses, resources, investment articles and podcasts every week. Delivered to your inbox every Sunday morning. Grab a coffee and let Owen and the team bring you the best investment insights every week.

Join the short list

Make sure you keep an eye on your email, we will be in touch soon.