AFF Member Stock Discussion

cove

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Anyone going to the Strike Energy meeting at the Cottesloe Hotel on Monday do let me know. Should be a bit firey as they had to correct their gas discovery calculations. So Poynton, Power and Nicholls might squirm if asked good questions.
 

MooTime

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WOA moving thru a CR atm $20M.

Plant based food (lupin) & Oatmilk sector.

Every chance it'll boom........in time.
Sub $100MC atm.
 

MooTime

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Let's see how rest of the week goes.

Plenty time for bad news panic to settle in.

Always gotta have some rubels in the account to grab the bargains!
 

Mr_Orange

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Jun 17, 2013
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I hope everybody is out of their long positions in MFG. It just breached a critical level of potential support today. If it closes below this level, there will be further downside.
 

Must...Fly!

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I hope everybody is out of their long positions in MFG. It just breached a critical level of potential support today. If it closes below this level, there will be further downside.
I'm still there. Just not sure there is a point in selling. Rough ride ahead if I don't...still considering things.
 

Mr_Orange

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I'm still there. Just not sure there is a point in selling. Rough ride ahead if I don't...still considering things.

Look at this way. You want to protect your capital. Walking away with, say, 50% of your initial capital is better than walking away with 10% or even none.

There is also the opportunity cost of not using that 50% in another investment that could make money.

Your choice though.
 

Mr_Orange

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New 52 weeks lows for MFG and Pepper Money today.

Just to be clear, I have no interest in either of these stocks, neither short nor long, and am just provding some commentary.
 

Must...Fly!

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Look at this way. You want to protect your capital. Walking away with, say, 50% of your initial capital is better than walking away with 10% or even none.
That is true.

I'm not much of an individual stock buyer, truth be told. I primarily make regular purchases of standard, low fee index tracking ETFs as I'm relatively young and have decided not to purchase a property at this point.

The hope being they will continue to grow and will provide me the option to reduce work or retire early in future.

The stocks I do buy individually are more speculative than anything and mostly long term ideas rather than short term profit.
 

moa999

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Jun 23, 2003
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11,980
MFGs international funds have massively underperformed in the last 12 months and getting big outflows.
And the CEO has just left suddenly.

Note the Chairman Douglass is the main stock picker, not the former CEO
 

Steady

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Feb 3, 2013
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8,626
I have a small number (3572) of LPDOD LEPIDICO LTD OPTION EXPIRING 18-JUN-2023 showing in my Self Wealth portfolio with a cost of $0. I assume I have been given these as I hold some of their (LPD) shares

I have gone through emails, looked at the LPD site, and logged into their share registry site (Automic) to look for any correspondence explaining what they are, and what I can do with them, but not finding anything. The ASX info on options and puts doesn't really align as I have not paid anything for them / bought them.

Can someone confirm the following: I can buy more or sell what I have, or do nothing? I assume if buying/selling I would need to pay the brokerage fee etc

Is that it?

Then in June 2023, I can buy the amount of options I end up with, (if I want), at 0.026c? Directly from LPD so no brokerage?
 

Mr_Orange

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You would have been given them.

You can exercise the options whenever you like up to the expiry date. They are listed on the ASX and so you can buy and sell them per normal shares with the associated brokerage.

If the LPD share price took off, you would be able to buy more shares by exercising your options and only paying 2.6c per share. The reality is that the options price would also take off so if you were wanting to offload your entire holding, you would just sell the base shares and the options.
 

Steady

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You would have been given them.

You can exercise the options whenever you like up to the expiry date. They are listed on the ASX and so you can buy and sell them per normal shares with the associated brokerage.

If the LPD share price took off, you would be able to buy more shares by exercising your options and only paying 2.6c per share. The reality is that the options price would also take off so if you were wanting to offload your entire holding, you would just sell the base shares and the options.
Thanks, Mr_O

If and when one wants to, how does one "exercise your options" only paying 2.6c per share?

Once exercised, do they convert from LPDOD to LPD?

I don't plan to sell atm - I am taking a long term speculative position (with beer money) but if they do take off an extra ~3.5k at 2.6c (~$100 with brokerage) sounds attractive....
 

Mr_Orange

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If and when one wants to, how does one "exercise your options" only paying 2.6c per share?

Contact the share registry and they will be able to tell you. I'd imagine there would be a BPAY biller code and then a unique reference number for each holder.

Once exercised, do they convert from LPDOD to LPD?

Correct.

I don't plan to sell atm - I am taking a long term speculative position (with beer money) but if they do take off an extra ~3.5k at 2.6c (~$100 with brokerage) sounds attractive....

Nice. I owned LPD ages ago and made a bit of profit. I used to play in the resources minnow sector a fair bit but the problem is that only about 0.1% of them ever go anywhere and the rest drop their guts. Beer money investments can be fun though. I still hold a couple of these types of shares actually. I consider them legacy holdings which just aren't worth selling but may come good one day but I have essentially written off the entire investment.
 

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