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AFF Member Stock Discussion

samh004

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In light of the recent thread on the upcoming IPO of Latitude Financial, I thought that a thread on stock tips might be appropriate. I am sure many members here play the market. I remember reading about the members who got Qantas for under a dollar, the threads about using IG Share Trading to earn Qantas points – and I participated too.

I'm sure members here have tips to share.
 

cove

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I believe the pricing may be done at the lower end of their target. If it was so good why are the current folks selling is a question that you should think about. I do have a 28 degrees credit card to pay our London cleaner so they won’t make much out of me.
Yes I bought QAN at 98 cents so that one worked. Others haven’t.......
The current damaged reputation stock I am looking at is TGA who got nailed for $25 million for a snafu on their Radio Rentals misdeeds. The folks who have refinanced this loss seem to know which way is up and put their money in at 24 cents.
I do like the Ophir investment people who run a small cap fund listed as OPH.
This is not financial advice and my hit rate is not 100%.
 

RooFlyer

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I believe the pricing may be done at the lower end of their target. If it was so good why are the current folks selling is a question that you should think about
Are you talking about the Latitude IPO? Usual reason for IPO is to raise capital to grow the business and to make the stock more liquid.

The use and source of funds will be in the Prospectus.
 

cove

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KKR, Varde and Deutsche Bank drop to 53.9% from 100% ownership so they are sellers. Read the loan impairments figures too as they are quite large. Yes read the prospectus even though it is a big read.
Yes this is from the Latitude prospectus Rooflyer.
Those Latitude shares that are being sold are held in a Singaporean company which KKR, Varde and Deutsche Bank are the shareholders.
 

samh004

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The current damaged reputation stock I am looking at is TGA who got nailed for $25 million for a snafu on their Radio Rentals misdeeds. The folks who have refinanced this loss seem to know which way is up and put their money in at 24 cents.
Is your goal with this stock (if you invest) to buy low and sell high, or wait for the dividends to come back and hold it for them? I note it previously had a good yield and presumably could again once they return to profitability.

I've tended to aim for stocks with good yields – although obviously not too good to be true. At this stage, buying large quantities of stock low and selling high seems far too much work for me.

@samh004 I can talk to you at the AFF Gathering if you remind me. I have been in the stock market for over 50 years and still make mistakes every year. If you talk to anyone who claims they don’t make mistakes you will know they are liars.
I'll make a mental note to have a chat with you. I know I've certainly made some stupid trades, especially when I was learning the ropes. Not everything I've bought has been low, so the little blips in the market currently are having a noticeable effect on my ROI, but I intend to hold them for a very long time, so over time I expect the dividends will cover the fluctuations and perhaps I'll dilute my holdings in the next blip. Wishful thinking.
 

cove

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I hold more shares than for a quick stag profit as my tax rate is either 47%, 27.5% or 30% depending on who buys it.
Some companies that really under perform get sold but often I can be patient. Often I will go to an AGM to ask a question if it has not been asked.
I will be in Sydney several times in the next month using frequent flyer points to attend AGMs.
I don’t do oil and gas well at all.
 

Buzzard

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Rather than pick your own shares, why not invest (for the long term) in a LIC such as AFIC or Argo when the buy price is below NTA.
 

Dr Ralph

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Rather than pick your own shares, why not invest (for the long term) in a LIC such as AFIC or Argo when the buy price is below NTA.
What are the dividends percentages of these compared with say buying bank shares directly?

Just a quick check shows Argo around 4% and Bank of Queensland around 8%.
 
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JFi

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I think this is a good thread and am interested to see what others’ investment strategies / stock picks are. For those with a large risk appetite, STX may be of interest. Perth based O&G exploration company (sorry cove). They’ve recently gained media coverage for their find in the Perth Basin and they also have another play in the Cooper Basin (East coast where gas prices are higher). They just completed drilling of Australia’s deepest well and are currently doing flow test with results due sometime soon in the next week or so. The gas found in the well is comparable to Waitsia nearby which is the largest onshore conventional gas find in 40 years.

One thing I like about this company is the management team and their vision and commitment in making this a mid-cap company (currently at roughly $400mil) instead of just selling the company to anyone for a quick buck (although I’ll be happy with a takeover bid if the price is right). They just got Nev Power on board as a non-executive director who was previously Fortescue’s CEO. Although I try to invest for the mid to long term, I put more focus on price movements, buying and selling, rather than dividends. Investing in micro-caps, you either win big or lose big hence you need to have the risk appetite for it. I’m certainly no expert but expecting (or hoping!) that this will become a multibagger so I can stop focusing so much on accumulating wealth and more on accumulating points lol

Disclaimer: Not trying to be a salesman. I own shares in this and this is not financial advice. DYOR.
 

Buzzard

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What are the dividends percentages of these compared with say buying bank shares directly?

Just a quick check shows Argo around 4% and Bank of Queensland around 8%.
That could be true but the share price now is about 10% lower than it was a year ago. The same can't be said for AFIC or Argo.
Also not everyone wants to put all their money into just one share, well not if they're smart.
 

coriander

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For a "set and forget" longterm strategy, I've recommended to one of my sons to invest in ETFs, specifically VAS 60%, VGS 30%, WDMF 10%. My only recent purchases over the past few months in the dip were BUB, CSL, COH and MQC (oh well, to paraphrase Meatloaf "3 out of 4 ain't bad").
 

drron

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You just have to be lucky.I began investing for my super fund in March 2003.it turned out to be 2 days after the low on the ASX post the IT collapse.

My 2 best investments though were firstly way back in the 1970s when very few rules.A good friend was the major shareholder and CEO of a WA mining company.On his advice I bought the shares at 3 cents and sold them 2 years later at $3.
But the best one I chose was Petaluma wines when it listed at $3.50.I really only Bought it for the discount you got on Petaluma wines.good dividend an share splits meaning for each share I bought I now had 8.lion put in a hostile bid at $7 per share.And they allowed original share holders to keep their discounts.Win,Win.

Otherwise it is doing as much research as you can.Even then you will make mistakes.
 

samh004

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But the best one I chose was Petaluma wines when it listed at $3.50. I really only Bought it for the discount you got on Petaluma wines.
That reminds me of my first big purchase, a job lot on NAB. I bought them for the shareholder benefit to not have to pay a CC fee anymore, and despite the benefit now having been retired, I'm grandfathered in and hope to keep it for a very long time. Depending on the day I'm level or ahead or behind but as the dividends keep flowing I'll surely be ahead, plus the removal of a CC fee.
 

Buzzard

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For a "set and forget" longterm strategy, I've recommended to one of my sons to invest in ETFs, specifically VAS 60%, VGS 30%, WDMF 10%. My only recent purchases over the past few months in the dip were BUB, CSL, COH and MQC (oh well, to paraphrase Meatloaf "3 out of 4 ain't bad").
VAS is interesting with a holding of 296 companies and a fee of only 0.10%
 

cove

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With oil and gas shares I am up on OSH, TAP, STO and CVN but struggling with ATS, BRU and a couple of others. I make more mistakes in oil and gas.
I did buy OPH yesterday with a low priced order that got done after a couple of weeks.
Ophir do huge amounts of analysis. I have made money with them.
I like monopolies so SYD and TCL try their best to fit into that category. They are probably overpriced but I am not a seller.
 

RooFlyer

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KKR, Varde and Deutsche Bank drop to 53.9% from 100% ownership so they are sellers. Read the loan impairments figures too as they are quite large. Yes read the prospectus even though it is a big read.
Not doubting what you are saying, but presumably they are crystallising a decent gain, which would have been an objective of them going in. The more I read about the IPO, the less inclined I am to take up stock.

FWIW, not a 'stock tip', but my own investment strategy, which is going pretty well ATM (I'm 59, retired a few years). Diversity rules. The SMSF is spread between:

* Directly held ASX shares, mainly good dividend yields, and includes Vanguard ETFs - thanks @Buzzard :)
* Directly held overseas shares
* Directly held unlisted Australian shares (pending IPOs)
* 'BT Wrap' - a managed diversified fund, includes international investments
* Commercial property in Sydney (recently sold )
* Rental property in Tasmania
* Third party private investment trust
* A painting (!) ... not one of my own o_O
* Cash in ING term deposits

Plus I have a bit in Australian Super.

So, I've given up trying to pick winners or to get huge returns. Enjoying my retirement and that lot is keeping me in gin and 3-4 overseas trips a year (including some points flights ... gotta keep the AFF angle in mind :) .)
 

tgh

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I opine that there is no quick and easy way to make money from equities, other than blind luck.

There are multifarious ways to lose money in the market.
Share trading is akin to gambling ; some people actually make money gambling while most lose

IMO , equity investment is a long term game where patience, applied intelligence, and luck… contribute to the end result.

Our self managed pension phase s/fund is almost wholly cash/cash products/ and au equities.
The equities comprise a mature holding that has produced steady capital gains and a stable income stream over a long period.
 

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