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Expert: Wayne Jones - Low activity investing

Equity Mates Investing Podcast

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Coles

Wayne MacKinnon: I find opportunistic things which I think there's very little downside here. At the start of the year, my portfolio was looking expensive and I wrote to the union holders in December,. He said, look, the share prices have got ahead of the value of the portfolio. And that is Coles. So Whitehaven Coles, New Hope, obviously Coles have been having a great run. We look back on the last 12 months and I have had no exposure to it or anything like that. But if you have, you've obviously done pretty well. So what's the thesis here? These long-term plays? Why are these two companies?

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