Several years ago I met a friend in Sydney’s historic Rocks area at the door of Ansarada. I hadn’t heard of the company at the time but, as he emerged, I was intrigued by the quick glimpse I got inside. The offices were beautifully designed, which is not unusual at the big end of a glittering city like Sydney, but this really stood out and made an impression on me.
My friend mentioned that his company was doing some work with Ansarada and that it was an impressive company. He said it ran “virtual data rooms”, which are typically used during corporate transactions.
When I was part of the sale of Intelligent Investor in 2014, our advisers set up a virtual data room to store key documents. These included financial statements, employment contracts, supplier contracts, documents showing ownership of key intellectual property, leases and the like. Potential buyers were able to access this sensitive information in a controlled manner.
More recently, I was having lunch with Leah Fricke, a professional director who I’ve worked with for many years across two boards. I asked her what her boards of choice would be and she mentioned Ansarada, highlighting the quality of its product and its global growth potential. I made the connection to my visit from a few years earlier, but nothing more.
Idea generation
A few days after that conversation, I was going through the share tables in the newspaper from A to Z. It’s something I do a couple of times a year (and more often in bear markets). To my surprise, I noticed that Ansarada was listed. I hadn’t realised that when Leah Fricke mentioned it. A little light of inspiration went on inside me. I then set to work putting some perspiration into preliminary research.
Esta historia es de la edición July 2021 de Money Magazine Australia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 2021 de Money Magazine Australia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.
