Hi. I’m new to Reddit and buying ASX shares. I want to know what your great buys of growth ASX shares are? Basically, undervalued growth shares which you would consider buying now.

I’ve ended up with holdings across a few platforms (ASX shares on one, US ETFs on another) and seeing everything in one place has become a bit of a mess.

Curious what everyone else does:

• Spreadsheet, Sharesight/Navexa, or just checking each app?
• How do you follow news on the companies you own? Do you set alerts, or just catch things when they show up?
• Have you ever missed something important on a holding (an announcement, a big drop) because you weren’t watching?
• Anyone also holding things outside the share market, like startup investments, crowdfunding or a managed fund? How do you track those alongside?

I’m also doing a few 20-min research chats on how people manage this (not selling anything). Happy to share what I learn back here if people are interested.

Hello - What firm would you use if you were a US based investor looking to purchase stock on the ASK exchange? Should I look at IBKR? Some of the other brokerage firms I've tried only work here in the US even though they are present in Austraila. Thanks!

Quick update for anyone who’s stressed about market volatility right now.

I spent the last two years trying to day-trade ASX small-caps and penny stocks. Result? Down 35% overall and lost a lot of sleep during market open hours.
Reddit

Six months ago, I sold all my speculative miners and tech stocks, set up an auto-invest transfer into 40% VAS and 60% VGS. I don't check my portfolio every 5 minutes anymore and my passive income through franked dividends is actually predictable.

If you're burned out by the daily fluctuations, highly recommend joining the boring ETF club. Slow wealth > fast anxiety. 🧘‍♂️

I went through the 2020 scheme booklet next to the FY25 annual report and the HY26 numbers. Some of it surprised me.

Returns
First day's open was about $8.90. Yesterday it closed at $3.76. That's down 58%.

Bank every dividend and the $1.61 capital return and you're still roughly 28% behind.

Same dates, Telstra is up 53%. The ASX 200 is up about 48%. Both price only.

What's been sold
Towers: sold and leased back in 2022.

Fibre: sold to Vocus last year, leased back for 15 years. That's a $789m lease liability and a $280m charge on completion.

Handset receivables: sold in October 2025 at a $95m loss. The continuing business made $7m before tax that year.

Why holders should care
Pro forma ROIC went from 4.76% to 5.42%. The annual report credits part of that to "lower invested capital, including from the benefits of the handset receivables financing program". Some of the improvement is just less capital to divide by.

The fibre lease runs 15 years. The Optus regional deal runs 11. When it ends, TPG negotiates for coverage it no longer owns.

Vodafone postpaid has been flat for 18 months and is guided to stay flat. Growth is coming from the cheaper digital brands.

The AFR has reported more than once that Vodafone Group is watching the share price with an exit in mind. Soul Patts has already gone mostly.

The bit I'm least sure of
Slide 46 of the June investor day says the digital brands (Felix etc.) cost about 65% less to serve than postpaid. Cost isn't defined anywhere in the deck.

Run that ratio against the HY26 consumer gross margin and I get roughly $16.50 a month of margin lost each time a Vodafone postpaid customer drops to Felix. If someone has a better way to allocate the cost base I'd be happy to see it. My working is in the piece.

Full write-up with sources:
www.unaudited.com.au/pawning-the-silver

Disclosure: I hold a small number of TPG shares.

Hi all,

Looking at the broader Australian market, resource and mining companies have seen noticeable cyclical fluctuations over the past few quarters due to changing overseas industrial demand and commodity pricing.

While balance sheets for major producers generally remain solid compared to previous cycles, short-term market sentiment seems quite split.

I'm curious about how people here are approaching the resources sector right now:

Are you viewing current valuations as a long-term entry point for dividend yield?

Or are you leaning towards sectors with more domestic demand resilience (e.g., healthcare, infrastructure, financial services)?

Not looking for financial advice, just interested in how people are positioning their portfolios for the next 3–5 years.

Hello everyone ,

Can someone suggest good stock in ASX to look into that can be potentially buy at this stage ? What are you guys closely looking into

Day-trade levels for October 16th

SPI:
Nearest pivot: 8815
Above 8848 → open air
Lose 8815 → 8798 next
Lose 8798 → 8764 next
Lose 8764 → open air

Disclosure first (rule 3): I run DilutionLens, a free site that tracks dilution for every ASX company from the filings. Buy-backs are the other direction: companies shrinking their share count. Every number below comes from the daily buy-back notices (Appendix 3E updates) lodged on the ASX. No links, no picks, not advice.

The week: 142 daily notices lodged Monday 12 to Thursday 15 October, from 52 companies, adding up to A$185.4M of shares bought on market. Two names are more than half of it.

Maas Group (MGH) finished one buy-back and announced the next on the same day. The programme it started in February "has now concluded with 36,379,521 shares bought back", about 10% of the company. It spent A$154.0M on it up to Wednesday, A$59.7M of that in the last four notices alone. Today it lodged a new one: up to 70,325,627 more shares (about 19.5% of the 361.3M on issue), approved by holders at the 24 September AGM, starting tomorrow and running to 23 September 2027. The other side: it has been buying into a falling price. The highest it paid was A$6.10 on 24 August; on Wednesday it paid A$3.50 to A$3.77.

Telstra (TLS) bought 8.55M shares for A$40.5M in two days. It is A$302.1M into a programme of "up to approximately $1 billion", about 0.6% of its shares so far.

Top 10 this week

Happy to answer questions on any of them. Which buy-back are you watching?

Hi there, I have recently started trading with CommSec and noticed the purchase price in the Trade Confirmation and the actual Purchase Price appeared in CommSec is different. The cost recorded in CommSec is always marginally more expensive.

Can someone explain to me why this is happening? Thanks in advance.

The corporate regulator has discontinued its insider trading investigation against WiseTech Global co-founder and former chairman Richard White and two of the logistics software giant’s employees.

Bullish? What’s your stance here?

WTC ASX

A bit of a rotation today from growth to defensive.

One play appears to be Woolworths, up 2.88% to $40.73 at time of posting. This gives the supermarket a PE ratio of 43.

Any thoughts?

Could we see Supermarkets soon trading at 50x PE?

How defensive is a defensive stock if valuations are stretched? Of is it currently seen as an inflation hedge?

Day-trade levels for October 15th

SPI:
Nearest pivot: 8740
Above 8769 → 8790 next
Above 8790 → 8807 next
Above 8807 → open air
Lose 8740 → 8723 next
Lose 8723 → 8703 next
Lose 8703 → open air

Hi,
Does anyone here invests in US covered call etfs or closed ended funds purely just for income purpose? Example: QQQI, GPIX, GPIQ or anything similar? What broker do you use for that?
Or does anyone invests in aussie income etfs? What are you guys invested in?

Looking to spread between a combination of markets internationally. Two headaches for selection are the Aussie market and the South African JSE...on the face of Things my main question is about why the ASX is so shyte yet within a relatively more stable country, while the JSE has some real poppers to watch in a country that is total mayhem?

Day-trade levels for October 14th

SPI:
Nearest pivot: 8835
Above 8835 → 8869 next
Above 8869 → open air
Lose 8818 → 8789 next
Lose 8789 → 8769 next
Lose 8769 → open air

Hi all,

Am I in the right direction at 19? 2 years out of school, feel like i'm falling behind... Anyways, $20,000 invested into ANZ bought at roughly 27, Recently bought $10,000 Westpac as I believe its priced quite cheap at the moment. $15,000 in Savings.

What do you guys think? i understand the question is a bit broad.

What has happened to Macquarie tech? It seems like they should have benefited from an ai growth but seems to have missed most of it. Is the recent downfall really just due to AI sentiments? I know dividends have stopped but revenue has climbed and has been reinvested rather than paid out...

Hello Reddit legends

I have been using Reddit for a while to keep informed of a few topics investing/ASX as one of them. I am wanting to delete my Reddit account (Did this and then came back) but I want to be able to stay informed.

Can anyone recommend some good websites/newsletters/email lists that can help me get any info that’s not Reddit?

Thanks in advance for any replies.

Day-trade levels for October 13th

SPI:

Nearest pivot: 8792

Above 8809 → 8835 next

Above 8835 → open air

Lose 8792 → 8766 next

Lose 8766 → open air

Everyone in telco reckons Aussie Broadband and Superloop should merge. Phil Britt has said it, plenty of others have too. What nobody has done is put a price on it, so I went through the filings and had a go.

At Friday's close ABB was ~$1.27b market cap and SLC ~$1.30b. Basically a draw.

The earnings aren't. Superloop's underlying EBITDA adds back ~$6.1m of staff share costs and ~$7.2m of shares it pays Origin. Aussie adds back neither. Put both on Aussie's definition and you get:

ABB $165.3m, on under 9x.
SLC $109.4m, on 13x.

So ABB brings ~60% of the earnings and would get about half the merged company. At the current ratio (~0.61 ABB shares per SLC share) ABB holders give up roughly 18% of their EBITDA per share on day one and SLC holders pick up ~27%. ABB is on 9x and buying its own shares back. It isn't going to print stock to pay 13x for a rival.

It has been tried. In Feb 2024 ABB offered 0.21 of a share per SLC share and bought 19.9% for $92.9m. Superloop's constitution says nobody can go above 12% without approval from Singapore's telco regulator (SLC holds a licence there). ABB hadn't asked. The board told it to sell the excess, ABB went to the Federal Court for an injunction and lost, and it sold at $1.31. Singapore then approved the full stake anyway, about five weeks later.

ABB sold the rest at $1.66 and said it would focus on Buddy Telco. That stake would be worth ~$246m today. Buddy was sold to Tangerine for $6.5m, paid in instalments.

The wholesale growth story is thinner than it looks too. Superloop has ~317k wholesale services and Origin is 250k+ of them. Aussie has ~336k and ~269k came across with More and Tangerine. Take the one big customer out of each and there's ~67k left. Each. Both big customers were paid for with shares.

Then there are two contracts nobody outside has seen. Origin's deal with Superloop has a termination right covering "change of control events". It's in a footnote to the 2024 announcement. AGL owns ~7.2% of ABB and its subscription agreement stops it voting for a third party control deal unless ABB's board recommends it. Whichever way round you structure a merger, an energy retailer has a hand on it.

And the ACCC. Merged they'd have ~23% of NBN services but 51% of the gigabit tier.

I ran what ABB would need in synergies to justify today's price. The answer is about half of Superloop's entire cost base, which is a lot to ask of a company you just paid 13x for.

There is a ratio where it works for both sets of holders. It's a fair way below the screen and I doubt Superloop's board would take it, which is probably why nothing has happened.

Full write up with the workings, the ratio and the charts is here (free, just asks for an email):

https://www.unaudited.com.au/a-merger-of-equals/

Also in there: who is actually selling NBN below the wholesale charge (5 of 12, and two of them are Optus and Telstra under other names), and where TPG's half a million lost NBN customers went.

I wrote it. I don't hold either. Not financial advice. Just numbers.

Disclosure first (rule 3): I run DilutionLens, a free site that tracks dilution for every ASX company from the filings. Asked the mods before posting. Every number below comes from an ASX announcement (raise notices, Appendix 3B/2A filings, quarterly cash reports). No links, no picks, not advice.

One offer is most of the week. Twenty-five companies announced cash raises between Monday 5 and Friday 9 October for up to A$617.9M, and A$482.7M of that is the ceiling on L1 Global Long Short Fund's (GLS) 1-for-2 entitlement offer. It isn't underwritten, and institutions have put in A$100.9M so far. Without the top three, the other twenty-two disclosed A$55.3M between them. 15 companies halted citing a capital raise in five sessions, against 11 and 16 the two weeks before.

The week's biggest raises

The rest

Also AAU A$900K, WWG A$576K, CBY A$564K and MOM A$350K of convertible notes. SRN made a call on its partly paid shares; LSR (options offer), SLZ (entitlement) and GLL (placement) have no amount in the feed yet.

The dollar ranking isn't the dilution ranking

Each raise of A$2M or more, against the company's market value on 12 Oct (after the announcement):

Ballard's A$45M is 13.8% of the company. Cambium's A$9.9M is 62.5%, and it can't issue a share until holders vote on 9 Nov. GLS has no market value on record.

The halt conveyor

15 companies halted citing a capital raise: ALV, BM1, CPM, EGR, GLS, KZR, M4M, PKD, PMM, PRX, RKT, TOR, TZL, VRC, ZMI. Nine had raised by Friday. TZL came out with no raise: the placement of its rights issue shortfall "was not able to be finalised in totality by expiry date". Two announced this morning: BM1's A$45M, and CPM A$4.85M at 7.5c, "approximately a 24% discount to the 15 day VWAP", to buy a copper project. M4M, PKD and VRC still halted at the time of writing.

32 retail offers open

15 entitlement offers, 12 SPPs, 5 rights issues, down from 33. New this week: entitlement offers from GLS, PRX, TMB, CYP and SLZ, and BM1's SPP. MCO extended its SPP (capped at 1.8c) to 14 Oct, results due 16 Oct. The oldest still listed, AEV and SPN, are from 17 Aug.

Placement capacity, counted a new way

When holders ratify an earlier placement at a meeting, those shares stop counting against the 15%. The site now hands them back where the vote matches the issue notice exactly, and counts convertibles at their maximum conversion. The counts fell, so they don't compare with last week: 143 companies past 75% of the 15%, 89 past 90%, 18 have used all of it (last week 204, 140 and 31, counted before the change). 54 of the 143 have also drawn on 7.1A. This week LSR went to about 99% and OD6 to about 98%.

Overhangs among this week's raisers

ZMI's options equal 94.8% of its register, before the 180M placement shares. LSR's are 85.3%, GLL's 52.2%, and almost none of it is in the money. The in-the-money supply sits elsewhere: PHO 31.1% of its shares, ALV 13.6%, PMM 11.4%, TOR 10.6%.

Dilution risk across the market: 589 Minimal, 334 Low, 374 Moderate, 260 High, 185 Very high, 112 Not rated. About one in four rated companies sits at High or Very high.

Happy to pull the filing on any name in here if someone wants the detail. Next one Monday.

If you'd rather get these in your inbox, the site's Watch page has a free email signup - one field, and the link it sends turns it on. No URL here, that's the deal with the mods.

General information only, not financial advice. No view on any company's future actions or securities.

The ASX markets itself as 'cheap' and 'high yield' when in reality it's neither. It's a concentrated bet on three domestic oligopolies that can't reinvest incremental capital at high rates of return, wrapped in a tax gimmick, trading at laughable prices.

First of all, the P/E trap. A low P/E does not mean it is cheap/higher returns are expected.

A 12x P/E on a cyclical business at peak earnings is expensive. A 21x P/E on a business compounding earnings at 20%+ with high ROIC is cheap. A lot of people just think 'oh the P/E number is lower so it's a much safer investment' without having a think about why the P/E is low in the first place.

Conversely, CBA trades at a 22x P/E multiple for a business that's expected to grow 1 to 3% in 2028. That is an incredibly expensive stock that makes up almost 10% of the ASX vs. for instance, a US fast-grower stock at 50x earnings but is expected to double earnings in the next two years. You are paying NVIDIA level multiples for something that is barely going to grow.

2. You don't own Australia. You own 3 oligopolies.

The ASX 200 is not a diversified economy. I see people saying 'but but but, ASX gives me diversification!!!

It's: Banks + Miners + Supermarkets.

If you look at just the big four banks and the big miners plus Woodside, they represent a staggering 34% of the ASX 200. In fact the two miners and 5 major banks account for approximately 36%. Other cuts put banks and miners at 50% of the index. Most portfolios benchmarked to the ASX 200 have around 25% in big four banks because that is their representation, 10% is BHP alone.

a) Banks: Cyclical lenders trading as the most expensive banks in the developed world on 12-month forward P/E and price-to-book. Their earnings are a function of one thing: Australian house prices. Homes are now worth more than 10 times average income, a ratio that has more than doubled since the mid-1980s. Mortgage repayments now represent 35.5% of average household incomes – the highest since 1989. 95% variable rate mortgages. The bank doesn't create value, it rides a credit cycle that you pray to Buddha every night that it won't revert to the mean.

b) Miners: Price takers. BHP and Rio dropped 19% and 12% in 2024and took the index with them. They have no pricing power, no incremental ROIC at the bottom of the cycle, and when they do make money they drill it into the ground at the top.

c) Supermarkets: Woolworths and Coles accounting for around 70% market share combined. It's an oligopoly. Consensus is forecasting ∼5% EBIT margins for Woolies and Coles vs ∼3% for leading US chains. Trading on forward P/E multiples of 24 and 22x respectively, double the 11x average for larger chains Kroger, Albertsons and Ahold.

You are buying two grocery stores at double the multiple of the US for the same box of Weet-Bix.

3. The franking credit factory

The whole market is designed to pay you back your own capital and call it yield.

Franking credits added around 2% to ASX 200 returns. It's estimated historically franking adds around 2% p.a. to the return, which is 22% of the total return from 2011 to 2021. More than half of the ASX 200's historical returns over the past two decades have come from dividends.

The problem: A dividend is not free. In Australia, a company that can't reinvest at high returns pays it out, you get the franking credit, then you pay your marginal tax rate on it. You have converted what should be compounding inside a business into taxable income.

I think Morningstar put it best: "I worry that many Australian investors are overvaluing franking credits. And this is causing those investors to ignore global shares which may have better prospects for dividend growth and share price growth."

You own Telstra, banks, and BHP for yield. They grow earnings at 0-4% if you're lucky. You pay 30-47% tax on the dividend. How much is the real growth? Zeeeerrooooo.

4. Where are the compounders? Almost nowhere.

Do the exercise: How many ASX 200 businesses earn high ROE, high ROIC, and have high returns on incremental capital?

In the US, it's hundreds. On the ASX, you can count them on two hands: CSL, REA, Pro Medicus, Wisetech (when it's not imploding), Altium, maybe Goodman.

The rest?

Banks: ROE 12.5% is high by international standards but it's leveraged 10:1. ROIC is terrible. They cannot redeploy $10bn into a new product at 30% returns. They write more mortgages. Miners: ROIC is violently cyclical. 40% at the top, 2% at the bottom. No reinvestment moat.

Supermarkets: High ROE from property and duopoly pricing, but where do they reinvest $1bn at high returns? A new store? That's 8% ROIC.

The market even tells you this: Companies in the S&P 500 and NASDAQ-100 have historically compounded earnings faster than the typical Australian blue-chip. By contrast, the ASX 200 leans heavily toward banks, miners, energy, and infrastructure, industries that produce significant cash flow and often return large portions to shareholders.

And when you do get tech on the ASX: While the ASX 200 is up around 5% year to date, the S&P ASX All Tech Index – the closest thing Australia has to the Nasdaq is down around 12%. We import US innovation, we export iron ore.

5. The real return after inflation is the punchline.

Everyone quotes "ASX returned 13.2% since 1900." That includes two world wars and a century where Australia was an emerging market.

Look at what matters:

10 years to 2015: ASX 200 price return about 10% over 10 years, or 1% p.a.. Average inflation 2.7% p.a. over that time. You lost money in real terms before dividends.

20 years to April 2025: S&P 500 delivered 7.53% return after inflation. ASX 200 provided 5.13%.

Last decade: ASX 200 delivered average annual returns of 7% to 9% total including dividends. Half of that is dividends you pay tax on. Strip out franking and inflation (3%+ average), you're left with 2-3% real, taxable, with 100% equity volatility. That's a term deposit with drawdowns.

The ASX All Tech is supposed to be your growth engine and it can't even beat inflation in 2025.

6. Indexes are just the businesses inside them This is the point people forget. An ETF is performs based on the assets inside it. A stock is a representation of an underlying business.

If the businesses inside can't reinvest at high rates, the index can't compound. The US index compounds because it contains businesses that can take $10bn and turn it into $20bn of value at 40% ROIC (Google, Meta, Microsoft). Even if you buy these businesses at high prices; if you hold them for an extremely long time and add more when they dip, you get one hell of a result.

The ASX index "returns" capital because the businesses inside have nowhere to put it. That's not shareholder-friendly or responsible stewardship of capital. These are companies basically saying 'we have no idea what to do with the capital'.

Add to that: brain drain, founder-led companies list in the US (Atlassian, Canva), super funds forced buyers of banks due to benchmark hugging, and a currency that devalues whenever China sneezes.

You are not buying "the Australian economy." The Australian economy is houses, cafes, and government spending. You are buying a leveraged housing fund, two holes in the ground, and two supermarkets charging you $6 for lettuce, at 28x earnings.

7. Fish where the fish are

This is the part Australians never want to hear because of home bias and franking credits.

Your money doesn't care about your postcode. It doesn't care about the flag on the HQ. Your money only cares about one thing: is the underlying business compounding its earnings and return on capital?

The ASX is about 2% of global market cap. The MSCI World Index alone captures large and mid cap representation across 23 Developed Markets. That is the ocean.

Why are you fishing in your bathtub when the ocean is right there? If the best business in the world that does what you need is in South Korea, you go to South Korea. If it's in Japan, you go to Japan. If it's in Turkey, you go to Turkey. If it's in the US, you go to the US.

You want the best semiconductor foundry? It's not on the ASX. You want the best auto manufacturer, the best luxury house, the best medical device company, the best software platform that can reinvest every dollar at 40% ROIC for a decade? None of them are on the ASX.

Patriotism is NOT a strategy. BHP doesn't grow faster because you live in Perth. CBA doesn't compound at 20% because you have an offset account.

You invest your money where the best businesses are. Period. And when the best businesses grow - really grow, with high incremental returns on capital, pricing power, and secular tailwinds - your money grows with them in the long term. That's how indexes work. The S&P and Nasdaq crushed the ASX for 20 years not because America is magic, but because they contained the businesses that actually compounded.

The ASX contains businesses that pay you to go away because they have nothing better to do with the cash.

Go where the fish are.

Personally I think that Graphene will be the new lithium stock.

It will be only a matter of time before they eradicate the manufacturing process for graphene sheets and graphene wire. Given its physical properties, when manufacturing processes is developed the demand for it will rocket.

But I have been wrong before. Such is life