AFF Member Stock Discussion

Talking about BYE they dropped a lot when their latest oil drilling produced a duster. We don’t do oil well.
 
Acorn ACQ issue closed tonight. We applied for extra today. We view this one as a nice small fund and took them up when they first listed and then bought more as they worked with some good start ups.
 
Speaking of nuts 😉, the market appears to like the latest acquisition by almond grower SHV, Funded by a capital raising at $5.20/share (5% discount to previous close). Re-commenced trading this morning after completion of institutional offer; share price currently $6.06, up 11%
 
Acorn ACQ were wanting to raise $14 million. They had a big take up of entitlements so some millions of dollars will be refunded to applicants who wanted more than was available.
 
Sold SOL today. Made 15% + two dividends in the last 13 months. I think it's currently overvalued.
 
We are holding on to SOL as well as BKW which is Brickworks. Lower gas prices should be coming and these two companies are intertwined with cross shareholdings. It is always nice to have these two.
Today we could not figure Why banks started the day lower as we felt they were big winners from the Federal Budget. Anyway they ended up higher by the close of trading tonight.
If you hate risk Myanmar Metals MYL is not for you. They have high grades in their drilling but Myanmar may not be the safest place for a mining operation.
 
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I also like the look of SOL but feel that I may be doubling up with BKW. I have been doing a bit of buying low and selling at a small profit with BKW for the last few months. I'll probably hold off until after the dividend to sell the current lot.
 
Today we were allocated about half the Myanmar Metals MYL that we applied for. It was a $7 million placement.
Their project is getting closer to a 2021 start we think if they tackle all the hurdles.
Look we have been long term holders of Brickworks BKW originally thinking it would be a takeover target but they have a strong defensive cross holding so that is unlikely.
We are still in CV Check CV1 but we were annoyed that they spruiked that they had made break-even in a conference call and then produced a $1million plus loss. Maybe they are not too brilliant in making profits. Hopefully their sales surge gets them into the black.
We are expecting the Federal budget this week should help the big bank shares to rally more than 10% this month.
 
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Interested to see flydoc's comments re SHV. Saw this mentioned somewhere within the last week, and took a look at a few reviews etc. Agriculture can be tricky but the stock looked interesting. Institutional raising was at $5.20, was $6.06 when flydoc posted, and today it's $6.70!!
 
ric_melb said:
Interested to see flydoc's comments re SHV. Saw this mentioned somewhere within the last week, and took a look at a few reviews etc. Agriculture can be tricky but the stock looked interesting. Institutional raising was at $5.20, was $6.06 when flydoc posted, and today it's $6.70!!
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One family we know are growers. They lost half a million with one storm. That was almonds getting damaged.
You need to bail out when you have made enough as agriculture can be tricky.
We bailed out of Costa then up they went. Have been tempted by SHV but never bought them.
 
Tonight we received some additional Gascoyne GCY shares at 2.5 cents from being an underwriter. We will be happy once the company gets back on the ASX as their gold mine will be getting released from administration. Not long for this to happen.
With a share at 2.5 cents there is always a big chance of a big gain or loss.
 
Am guessing most of us have stocks that have gone the wrong way. We have several and we plan to tip them out before Christmas. If the Federal Budget cannot help their price then maybe it is give up time.
 
By tomorrow we have to decide on Warrego Energy WGO placement. They will be supplying gas to Alcoa for a decade If it all works out starting in 2024.
 
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We were allocated about 45% of the Warrego Energy WGO placement.
We heard that the brave folks who subscribed for Adore Beauty issue did not get all of the shares they applied for as there were more applications than available shares.
Meanwhile our big banks are rallying following the big spending Federal Budget.
 
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Spoke to Gascoyne GCY today. They should get back on the ASX either next Wednesday or a couple of days after that. Their issue to come out of administration was done at 2.5 cents. Because they have been off the ASX for more than a year there should be some pretty big sales for a week or more. They are a gold producer.
 
We bought another 100 NABHA today, proactive broker earning his fees
Grossed up equiv annual return approaching 8% for our 4 months exposure .. we hope 😇 ..time will tell..
 
Is NAB going to redeem them??
MBLPC Macquarie Perpetuals have been my outperformer with 4.7% Plus and the $100 note has grown to $107 since it issued.
 

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