Yesterday, we had 33 eligible selections and the total return after 7 winners, fell two units short of covering our selections BUT using Powerplay the result was never in doubt with the equivalent of a 41% race strike rate (all selections are designed ot be bet in two’s ) and an average dividend of $4.42 but two great dividends of $11 and $7 which covered two profitable series.
In other news, my letter to the Herald was published today, pointing out how innovative Australia companies were conquering the world. Here it is.
Last week we saw savvy Australians at work on a world wide scale. Australian company Atlassian was involved in the space launch, Nick Molnar and Anthony Eisen has the number one buy now pay later company in the world with Afterpay and Larry Diamond and Peter Gray who started Zippay in 2014 transformed from a local operation to a worldwide one in one amazing US funded deal last week, That’s not to mention another smart Australian company EML operating worldwide in the provision of financial services including getting speedy delivery solutions to Government disaster relief funds and payment packaging for workers.
These companies and other Australian Companies innovated while our older financial institutions preyed on consumers with punitive interest rates and bank fees on credit cards and other instruments.
Add Australian companies dominance in other fields like CSL, Cochlear , and the like and the future looks bright. No, no recession here, not when we can lead the world with smartness and innovation.
Mannering Park. 0402839192
P.S. The founders of Afterpay, and Zippay were in their 20’s when they started, Atlassian still around 40 ish today.
And in other exciting news the Newcastle Knights are one of only three unbeaten teams in the NRL.
Today is a public holiday in all states except Queensland and WA so plenty of race meetings to play with. Have a great day.