START YOUR MORNING BY LISTENING TO TODAY’S BIZNEWS PODCAST BRIEFING. – BBB Ep 30 – Markets react to US jobs; Cloudflare is the choice; Uber is making more money than ever; Apple in hot water

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Cloudflare proves their point – do your homework, ignore the noise

One of the best parts of my responsibilities to BizNews Premium members is monitoring our two model stock portfolios and hosting monthly webinars on what’s going on with the companies I own.

There’s also a personal touch to the exercise, as I’ve exactly replicated Shyft’s portfolio for my own money. Which wasn’t easy considering it launched at the worst time imaginable (December 2021).

One of the most testing of these was watching the share price of global internet security leader Cloudflare fall from $200 last November to $40 in mid-June. The portfolio’s average buy-in price is $102, making it the worst holding of any stock we own. It’s embarrassing when you keep telling the tribe that this is your favorite company.

However, Matthew Prince’s business proved Mr Market wrong on Friday by delivering another set of market-beating numbers. Cloudflare’s stock price jumped 27% to $74 and is now close to our entry level. Lesson: Do your homework and ignore the noise. Even if it seems overwhelming.

* NB – If you’re looking for the perfect seaside venue/holiday, join me on Wednesday (10th) at midday as I host an interactive webinar on the new development at St Francis Links. I visited and was very impressed. The webinar is open to everyone, but you must register in advance – click here to register.

WATCH: Grace Harding takes no prisoners in this candid interview in which she builds on the campaign launched by her recent open letter to landlords, in which she explained why instead of trying to recover lost rent, they should share the burden of the lockdown , imposed on hundreds of thousands of workers by sit-down restaurants in SA. The CEO of Ocean Basket is also working hard to build The Restaurant Collective to present a united front to landlords and negotiate better deals with members, which include thousands of entrepreneurs in the catering sector. She spoke with BizNews’ Alec Hogg.


BizNews conference – August 30 – September 3

All rooms at Champagne Sports Resort are now allocated. But there are other accommodation options nearby that pair well with the Day Pass option introduced for BNC#4. So, even if you haven’t booked yet, you can still join us for everything but stopping in around the corner before bed – click here for full details and to register your interest.

To get the Daily Insider delivered to your inbox every weekday at 6am, click here. You can also subscribe to the BizNews Weekend Digest for a curated selection of the best content BizNews has to offer for a leisurely Saturday read.

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