Saturday Series

Why are speeding tickets up 14x in four years?

ASX Aware Letters have jumped from fewer than 2 a year to 28 so far in 2025 for ASX 200 companies. Two forces are behind it: AI-driven hedge fund traders and greed-and-fear retail trades.

Ben Williamson

18 September 2025 · 2 min read

Does the market feel more... volatile to you lately? If so, you're not alone.

I had lunch this week with Ian Matheson, the CEO of AIRA.

He raised this AFR article on the insane rise of ASX Aware Letters, commonly known as 'speeding tickets' amongst ASX 200 companies.

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Saturday Series

When there's no multiple, they're backing you

If you're high-growth, R&D-heavy or an explorer, there is no easy multiple for the market to anchor to. Investors are backing two things instead: a story they can understand, and a team they can see.

Ben Williamson · 9 July 2026

Saturday Series

Stop being such a Jorc!

Most of your investors are not professionals in your field, and if you only speak to the ones who already understand you, you're ignoring 99% of the public. The two answers to closing the gap between where you are and how you're priced: education and trust.

Ben Williamson · 2 July 2026

Saturday Series

Does your share price reflect reality?

Your work today won't turn into reported results for months, so the market often prices where you were, not where you are. A prompt to think about how big that gap is for your company, and how you communicate it.

Ben Williamson · 26 June 2026