AFF Member Stock Discussion

moa999

Enthusiast
Joined
Jun 23, 2003
Posts
12,050
Any other AFFers get a call today re SYD airport buyout? I hung up immed as I always do. Bit worried they had my name 🤭
You realise there is a proposal to take it out at $8.75.
So will just be corporate actions people trying to understand intentions/ push the various lines.
 

TomVexille

Enthusiast
Joined
Nov 12, 2013
Posts
11,191
Thanks everyone…..knew about offer/price fine…just in over 35years of investing never had such a call from a company I own…
all good and reassured

Yeah they asked quite a few questions regarding the offer and how I felt about it
 

Mr_Orange

Established Member
Joined
Jun 17, 2013
Posts
4,973
MFG is in real trouble folks. It took only 2 weeks of trading for it to breach another possible price level where support might have come in and it has posted another 52 week low today. I'd expect the price to keep falling to around $14.50 where there could be possible support. If that fails and it takes out $10, all bets are off!
 
Last edited:

Must...Fly!

Senior Member
Joined
Jan 12, 2010
Posts
7,335
Qantas
Gold
Virgin
Platinum
MFG is in real trouble folks. It took only 2 weeks of trading for it breach another possible price level where support might have come in and it has posted another 52 week low today. I'd expect the price to keep falling to around $14.50 where there could be possible support. If that fails and it takes out $10, all bets are off!
Yeah it's been ugly. I didn't sell last week, see little point in doing so now.
 

moa999

Enthusiast
Joined
Jun 23, 2003
Posts
12,050
MFG is in real trouble folks. It took only 2 weeks of trading for it to breach another possible price level where support might have come in and it has posted another 52 week low today. I'd expect the price to keep falling to around $14.50 where there could be possible support. If that fails and it takes out $10, all bets are off!
Reportedly lost their biggest client that is 20% of FUM and 10+% of revenue.

With mostly fixed costs that starts hitting the bottom line hard.
 

Must...Fly!

Senior Member
Joined
Jan 12, 2010
Posts
7,335
Qantas
Gold
Virgin
Platinum
Though I did read the client they lost also pulled their money from Blackrock, so not convinced it's entirely due to Magellan's performance.
 

Dr Ralph

Enthusiast
Joined
Jan 21, 2014
Posts
11,943
Qantas
Bronze
Virgin
Red
MFG is in real trouble folks. It took only 2 weeks of trading for it to breach another possible price level where support might have come in and it has posted another 52 week low today. I'd expect the price to keep falling to around $14.50 where there could be possible support. If that fails and it takes out $10, all bets are off!
Not all doom and gloom:

"MorningstarTM Quantitative
18 Dec 2021
More details about Morning Star Quantitative
Undervalued
Fair value $42.34"

And actually up 1.5% for the day.

I'm not selling. And will buy more below $15.
 
Sponsored Post

This is an example of a Sponsored Post, one of the many ways you can advertise on the Australian Frequent Flyer.

Other options include banner advertisements on our content and forum pages or our newsletter. You can also purchase an audio message on our podcast - or if you just want to try it out, you can sponsor a thread.

If you'd prefer not to see any advertisements (including these sponsored posts), you can become an AFF Supporter from just $6 and instantly remove all advertisements from our website!

MARTINE

Established Member
Joined
Apr 6, 2018
Posts
1,385
MFG is in real trouble folks. It took only 2 weeks of trading for it to breach another possible price level where support might have come in and it has posted another 52 week low today. I'd expect the price to keep falling to around $14.50 where there could be possible support. If that fails and it takes out $10, all bets are off!
Never been into MFG… CSL SPP my next foray
 

Mr_Orange

Established Member
Joined
Jun 17, 2013
Posts
4,973
Not all doom and gloom:

"MorningstarTM Quantitative
18 Dec 2021
More details about Morning Star Quantitative
Undervalued
Fair value $42.34"

That so-called analysis is meaningless in the context of the current price action and the what the chart is telling you.
And actually up 1.5% for the day.

Stocks never move in straight lines, up or down!

I'm not selling. And will buy more below $15.

Your choice.
 

odysseus

Established Member
Joined
Feb 16, 2009
Posts
1,381
Thanks everyone…..knew about offer/price fine…just in over 35years of investing never had such a call from a company I own…
all good and reassured

They do it more now. Not sure what the driver is (i.e. whether doubts/verifying likelihood of success, or if they just want to improve response rate), but have seen it happen with a number of companies where exceptional (e.g. buyouts, or board dispute) resolutions are up for voting.
 

MooTime

Established Member
Joined
Mar 1, 2019
Posts
1,206
Qantas
Gold
Virgin
Platinum
They do it more now. Not sure what the driver is (i.e. whether doubts/verifying likelihood of success, or if they just want to improve response rate), but have seen it happen with a number of companies where exceptional (e.g. buyouts, or board dispute) resolutions are up for voting.
I've had these phone calls in the past, done to get a gauge on shareholder sentiment, or even push their case.

I don't mind it, listen to theirs or my side of the story, if don't like what hearing or not interested, can hit the red circle button!
 

cove

Enthusiast
Joined
Feb 15, 2008
Posts
14,730
We bought some CSL this month out of their placement. Mrscove wanted them but I thought they were pretty expensive.
 

MooTime

Established Member
Joined
Mar 1, 2019
Posts
1,206
Qantas
Gold
Virgin
Platinum
We bought some CSL this month out of their placement. Mrscove wanted them but I thought they were pretty expensive.
I bought CSL at ~$100 & sold for $150, going back, I agree think there're expensive, but what would I know selling them at $150.
 

Dr Ralph

Enthusiast
Joined
Jan 21, 2014
Posts
11,943
Qantas
Bronze
Virgin
Red
I thought they were pretty expensive.
I think you're right. But at the recent low of approx $275, I think there's a quick 5 to10% to be made here.

I bought some at $275 and will take up my full SPP allocation of 5 x $30,000 if the price holds.
 

cove

Enthusiast
Joined
Feb 15, 2008
Posts
14,730
We have takeovers for Westoz and Ozgrowth which were our go to for buying assets at a discount.Because these two LICs were run out of Euroz many brokers ignored both WIC and OZG. Wilson’s offer is generous as his business takeover vehicle is trading at a premium to its net worth. Will be a brilliant result if it all goes according to plan.
Still cannot figure the selling in Codan so we bought more CDA.
 

Enhance your AFF viewing experience!

From just $6 we'll remove all advertisements so that you can enjoy a cleaner and uninterupted viewing experience.

And you'll be supporting us so that we can continue to provide this valuable resource :)


Sample AFF with no advertisements? More..
Top