Archive for January, 2012

25
Jan

Quest ahead of market in a tough year

Quest ahead of market in a tough year

The Quest Sophisticated Investor portfolio returned negative 7.1% after fees in a market that fell 10.9% over the calendar year. That result is 3.8% ahead of the market, just shy of our 4% out performance target. The best stocks for us were Transurban Group, Macarthur Coal and GPT Group.

04
Jan

Dolomatrix assets move to a bigger owner

Dolomatrix assets move to a bigger owner

Waste business Dolomatrix (DMX) has proposed to sell all of the business to Tox Free Solutions for $58 million. DMX intends to give the cash back to shareholders leaving a listed shell that may also be sold. Dolomatrix shares, which have languished for years amidst almost total market disinterest, popped 38% to 36 cents from 26 cents. Shareholders should receive approximately 39 cents after the transaction is closed.