Micro cap private companies: it’s f#%king hard (ft. Leigh Gant)
In this Australian Investors Podcast episode, your hosts Owen Rask and Leigh Gant discuss:
– How Leigh transitioned from fitness businesses to investing in private companies
– What makes a business worth buying and what can go wrong
– How Australians can get started in private market investing
– Lessons learned from his first 12 months as a business buyer
Join the conversation about private companies: https://community.rask.com.au/c/investing/buying-private-companies-is-f-ing-hard
If you love learning about private equity and small business investing, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!
Follow us on Instagram and TikTok for more investing insights.
Topics Covered
– Leigh’s journey from gym owner to investor
– Buying a private business vs. starting from scratch
– Key lessons learned from operating a business post-acquisition
– What no one tells you about vendor financing, due diligence, and being “on the tools”
Resources for This Episode
– Leigh's LinkedIn
Chapters (approximate)
(00:00) Introduction
(01:38) Getting to Know Leigh
(09:02) Leigh's Inspiration to Choose Private Markets
(13:24) Where to Start
(16:11) Range of Capital Needed to Plan The Space
(19:52) Is $100k Enough to Start?
(21:44) What Leigh Was Doing in Due Diligence Phase
(25:09) Small & Medium Business Stats
(29:08) Next Step (IM)
(31:00) Documents Leigh Looked At
(32:57) Tax Structures
(33:57) Loans
(39:27) Valuations
(42:31) How Did The Business Go?
(51:56) More Resources
~~ Rask Resources ~~
🔗 Explore all Rask services – https://bit.ly/R-services
📋 Get Financial Planning – https://bit.ly/R-plan
📈 Start investing with Rask – https://bit.ly/R-invest
📜 Access Show Notes – https://bit.ly/R-notes
❓ Ask a question – just select the Investors Podcast – https://bit.ly/R-quest
📲 Follow us on social media:
– Instagram: @rask.invest
– TikTok: @rask.invest
DISCLAIMER
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.
If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg
#Investing #PrivateEquity #AustralianInvestorsPodcast
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In this episode of the Australian Investors Podcast, your hosts Owen Rask, Luke Laretive and Ben Richards discuss:
– Seneca’s fee model & why they avoid management fees
– What worked last reporting season and why
– The idea of “inflecting profitability” and current examples like Qoria
– Infomedia (IFM) takeover, reporting season expectations & how to spot opportunity early
If you love learning about small and mid cap ASX shares, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!
Follow us on Instagram and TikTok for more investing insights.
Topics Covered
– How Seneca’s “zero management fee” model works and why it aligns with investors
– Inflecting profitability: what it means and examples in this reporting season
– The case for Qoria (QOR) and how its turnaround is surprising investors
– Infomedia (IFM): why Seneca owned it before the takeover
– Trading small caps: liquidity, deal execution, and “breaking your way out of a bag”
– How to spot reporting season alpha before results hit
– Gold exploration, tech profitability & sentiment turning points
– Thoughts on other companies: SiteMinder (SDR), EROAD (ERD), Antipa (AZY)
– Final thoughts on what won’t work this reporting season
Resources for This Episode
– Seneca website: https://www.senecafs.com.au/
~~ Rask Resources ~~
🔗 Explore all Rask services – https://bit.ly/R-services
📋 Get Financial Planning – https://bit.ly/R-plan
📈 Start investing with Rask – https://bit.ly/R-invest
📜 Access Show Notes – https://bit.ly/R-notes
❓ Ask a question – just select the Investors Podcast – https://bit.ly/R-quest
📲 Follow us on social media:
– Instagram: @rask.invest
– TikTok: @rask.invest
DISCLAIMER
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.
If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg.
#Investing #Finance #AustralianInvestorsPodcast
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45:52
Is 2 ETFs enough? Owen's PME 40-bagger & lessons from financial advice
In this Australian Investors Podcast episode, your hosts Owen Rask and Drew Meredith dive into ASX reporting season news from Pro Medicus Ltd (ASX: PME) and JB HiFi Limited (ASX: JBH) and answer your questions.
If you love learning about smart portfolio management and staying invested through the cycle, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!
Follow us on Instagram and TikTok for more investing insights.
Topics Covered
– Is CSL a buy after recent price weakness?
– Responding to financial media fear headlines
– What falling AUD means for overseas ETFs
– How super contributions are “timed” in falling markets
– Dividend reinvestment plans – yay or nay?
– How to think about rebalancing portfolios during market corrections
– Is two ETFs enough for diversification?
– How advisers project manage debt recycling strategies
~~ Rask Resources ~~
🔗 Explore all Rask services – https://bit.ly/R-services
📋 Get Financial Planning – https://bit.ly/R-plan
📈 Start investing with Rask – https://bit.ly/R-invest
📜 Access Show Notes – https://bit.ly/R-notes
❓ Ask a question – just select the Investors Podcast – https://bit.ly/R-quest
📲 Follow us on social media:
– Instagram: @rask.invest
– TikTok: @rask.invest
DISCLAIMER
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.
If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg.
#Investing #Finance #AustralianInvestorsPodcast
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1:06:40
Stephen Darke on Navigator Global: investing in hedge funds & alternative asset managers
In this Australian Investors Podcast episode, your host Mitchell Sneddon discusses with guest Stephen Darke:
– What Navigator Global Investments (ASX: NGI) actually does
– How NGI earns revenue by backing hedge funds & private market firms
– Why NGI believes the market is undervaluing its portfolio
– How Stephen Darke thinks about manager selection, fees & long-term capital allocation
If you love learning about listed investment businesses and alternative investing, subscribe to the Australian Investors Podcast on **Apple, Spotify, or YouTube!**
Follow us on Instagram and TikTok for more investing insights.
Topics Covered:
– Navigator’s unique investment model and how it earns revenue
– Why hedge fund strategies can be sticky and valuable in volatile markets
– How NGI identifies and partners with elite alternative managers
– Why Stephen Darke believes NGI is misunderstood and undervalued by the ASX
– Final thoughts on performance fees, capital lockups and the growth vision for NGI
~~ Rask Resources ~~
🔗 Explore all Rask services – https://bit.ly/R-services
📋 Get Financial Planning – https://bit.ly/R-plan
📈 Start investing with Rask – https://bit.ly/R-invest
📜 Access Show Notes – https://bit.ly/R-notes
❓ Ask a question – just select the Investors Podcast – https://bit.ly/R-quest
📲 Follow us on social media:
– Instagram: @rask.invest
– TikTok: @rask.invest
DISCLAIMER
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.
If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg.
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In this Australian Investors Podcast episode, your hosts Owen Rask and Drew Meredith discuss:
– Four common retirement mistakes (and how to avoid them)
– Elon Musk’s $30 billion Tesla bonus
– Multiple stocks, ETFs & one unlisted company on our radar
– Listener questions on LaserBond, leveraged ETFs & micro-investing apps
Chapters (approximate)
(00:00) Introduction
(01:56) Drew's Big Mistakes
(02:54) 4 Retirement Mistakes
(05:15) Owen's New Tesla
(09:28) Drew's Four Investment Ideas
(17:22) Who Are The Richest People?
(20:05) Owen's Two Investment Ideas
(24:09) LaserBond Limited (ASX:LBL)
(32:40) Fake Portfolio Updates
(39:09) Global X (A300)
(41:22) ASX's TPG Bungle
(47:08) Geared Index Funds
(55:04) How to Buy Shares on Interactive Brokers
(56:12) Buy, Hold or Sell?
(57:16) Round-up Investing
(1:00:24) Drew's Dad Joke
If you love learning about long-term investing, superannuation and stock market strategies, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!
Follow us on Instagram and TikTok for more investing insights.
Topics Covered
– Retirement spending patterns and why they change
– The “I + G = TR” rule for total return in retirement
– Why not starting a pension could cost you thousands
– Elon Musk’s $30b Tesla option package – fair reward or too much?
– Drew’s watchlist: Palantir, QUS ETF, Tesla & Storypark (unlisted)
– Owen’s watchlist: Intuitive Surgical, Costco & Macquarie Group
– Small-cap spotlight: LaserBond (LBL) and its surface engineering tech
– Leveraged ETFs – when they can work, and the risks
– Micro-investing apps like Raiz – fees, features & when to use them
Resources for This Episode
– Ask a question – just select the Investors Podcast
~~ Rask Resources ~~
🔗 Explore all Rask services – https://bit.ly/R-services
📋 Get Financial Planning – https://bit.ly/R-plan
📈 Start investing with Rask – https://bit.ly/R-invest
📜 Access Show Notes – https://bit.ly/R-notes
❓ Ask a question – just select the Investors Podcast – https://bit.ly/R-quest
📲 Follow us on social media:
– Instagram: @rask.invest
– TikTok: @rask.invest
DISCLAIMER
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.
If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg.
#Investing #Finance #AustralianInvestorsPodcast
Learn more about your ad choices. Visit megaphone.fm/adchoices
The Australian Investors Podcast is a twice weekly podcast (Wednesday & Saturday), featuring laid back but intelligent short- and long-form conversations about markets, business, psychology, lessons learned and investment process. At Rask, our goal is to bring you the best insights, information and proven strategies to help you invest your time and money. SHOW NOTES: https://www.raskmedia.com.au/podcasts/australian-investors-podcast
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