The famous Sunday Shares Race in the Fairfax papers is always a highlight of Sunday morning coffee for ASX Share investors. It is a fantasy shares race where the 8 players each choose 10 ASX stocks and $10,000 is allocated to each stock.
This race finished on Sunday 23 Feb 2020 and Richard Hemming finished in a very strong 2nd place to be pipped by just $80! This was the narrowest margin in the history of the game and Dominic Powell, retail reporter at The Sydney Morning Herald and The Age, won. Dominic finished with $110,871, Richard Hemming with $110,701 (yes he wasn't entirely satisfied with such a tight finish, but ordered a second coffee and felt much better). Third place was ChRis Conway with $102,600 and 6th, 7th and 8th are down on their investment.
Richard Hemming, at Under the Radar is an ASX small cap stock tip specialist. His 10 ASX shares included Data#3, IMF Bentham, Infigen, Ingenia, Lifestyle, McPhersons, Medical Dev, Pac Current, Reject Shop and SomnoMed.
Dominic Powell, retail reporter at The Sydney Morning Herald and The Age, has edged out Richard Hemming, of Under The Radar Report, to win the Shares Race by one of the narrowest margins in the history of the game.
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Powell did well with Temple & Webster, his top pick, with his original $10,000 investment in the online furniture and homewares retailer soaring to $14,107. His next best pick Vmoto, which makes electric scooters, was worth $13,333.
Under the Radar's Richard Hemming's best pick was Medical Developments, with his original $10,000 investment in the company, whose product range includes pain management, asthma and resuscitation and veterinary equipment, worth $12,752.followed closely by Somnomed at $12,286. Hemming's ASX stock picking stood out because 9/10 Small Caps were all up with only one small cap slightly down. The other competitors had greater swings.
The Shares Race is a fantasy shares game that runs for six weeks. Players start with $100,000, divided evenly across 10 stocks. Their progress is reported weekly.
Credit: Fairfax including The Brisbane Times, SMH, and The Age.