Impression Healthcare Limited (ASX:IHL) has gone from zero to hero.
Since our founding analysis on 7 March, the share price has doubled and the options have quadrupled. Our portfolio value has more than doubled (see position update below), with many of our readers sitting on significant gains. If you are new to our website, we’ve written about the company’s business at length, here (7 March) and here (25 March). That’s when the share price was trading at 2 cents, compared to 3.6 cents.
Now, prior to sharing our latest thoughts on the company (the market still hasn’t caught on to the full story yet), we want to give you a position update and tell you what’s happening with Trading For Millions these days.
Position update on Impression Healthcare
Here’s the previous position update from a smaller account on 2 May 2019:
We originally invested close to $50,000 in the company. Remember, while we hold more shares in other accounts, the blog’s goal is to turn a small amount of money into a million dollars. The smaller number is therefore held in a nominee account for privacy purposes and disclosing what we own makes us different from everyone else on the internet.
Here’s the latest position update from the smaller account on 22 June 2019:
We haven’t sold any shares yet and our small account has grown to $103,000 at current prices. Indeed, while we’re still relatively unknown, Trading For Millions is in business.
The latest news from Trading For Millions
Remember, we started the website because we got sick of newsletter and trading charlatans. We haven’t come across a single newsletter or trading guru that’s made consistent profits. We also haven’t found a paid research website that’s helped anyone other than company management. That’s why we started the blog, putting our hard-earned money on the line.
We don’t write up junk on Trading For Millions.
If we make money, you make money (assuming you buy what we buy).
Other websites pump out content because they get paid by companies or are trying to sell newsletters. There’s no need to pump out content here because we aren’t paid by companies, nor are we trying to sell anything on the blog. That’s why we don’t write all the time. We make money from the markets ― not this website ― as shown by IHL.
Nonetheless, starting with Impression Healthcare, we’re passionate about building an excellent track record at Trading For Millions. We want to be known for picking great stocks and making bucket loads of money. If we turn a small sum of money into a substantial amount, we will get an accounting firm to audit our accounts to prove legitimacy.
In the meantime, while investing our capital into companies on the Live Trading Blog, we are writing a trading course for FREE. If you go to the education part of the website, you will find three parts of the course ― Trader University ― available today. It focuses on mastering the basics of trading and having the right framework in place to succeed.
Trader University’s course content is discussed here.
That said, while we planned to get our full course out by mid-year, we have been held up with trading and travelling. Sorry for the delay. The good news is that we should finish the course by the end of July, with two more chapters left. We’re working on the content and talking with quality brokers, with the intention of getting you discounted commission rates.
In conjunction with the course, we plan to start a small portfolio challenge on the blog. The goal is to grow a small amount of capital into a million dollars; hence the name Trading For Millions. We outlined how you can make this happen in Trader University. So, unlike trading charlatans, we will put our money where our mouth is and show you how to do it properly.
This might sound like a joke.
But, as evidenced with IHL, we believe we have the skills to trade for millions. Again, if we make a substantial amount of money, we will get everything audited by an accounting firm to prove legitimacy.
Trading For Millions will also add another deep value investment opportunity to the blog. When the timing is right, we will sell Impression Healthcare (we will let you know when this happens) and analyse another play on the blog. But we’re unsure whether to sell any shares soon, with the potential to see 10 cents within six to 12 months (see below). Why sell an undervalued winner, which could go sharply higher within six months?
There’s lots to think about…
For this reason, with plenty left on the table for IHL, let’s jump to the standard disclaimer before talking about our latest thoughts on the company.
Standard disclaimer: Do your own research
This disclaimer section is extremely important, as we don’t have a financial licence. So, unlike other financial sites, we choose to put it up the top. We wan’t to hide nothing about our intentions.
You should perform your own research on every company profiled on Trading For Millions. Our analysis is skewed to the positive side, as we hold shares in each company on the blog. Trading For Millions will disclose whether we sell any shares in a company.
We don’t get paid by companies to write research. The incentive is to make good money from the stocks on blog and hold ourselves accountable.
If you invest alongside us, you do so at your own risk.
Remember, we own shares in companies previewed blog, across multiple accounts. For this reason, it’s quite possible, I could be selling every rally with my other accounts. But the above position update is a nominal amount for track record purposes to keep us accountable.
Although we could sell shares in our other accounts, if we earn a poor reputation for picking bad companies, we won’t have many readers! The live tracked portfolio holds us accountable. Plus, any deep value investment, we tend to look for massive triple digit gains.
Trading For Millions will only grow its readership by buying good companies with potential, where you can see the story play out in real time. The goal is to hit multiple homeruns in order to grow.
We’re also not in the business of providing formal stock recommendations or financial advice on Trading For Millions. That may change one day. But not anytime soon.
We are focused on building a track record for now.
If you want to know when to buy or sell a company, you’ve come to the wrong place. Start learning how to trade stocks by reading our free course ― Trader University!
To read the rest of the article, you need to sign up to our blog (for FREE). You can do this below. Becoming a member will give you access to our FREE trading course, Trader University. You will also receive email updates from our Deep Value Investing blog, documenting our live trading journey and the future small portfolio challenge.
Let’s get stuck into the company’s latest story…