AFF Member Stock Discussion

Finally we bought Westpac at the open this morning after we speed read their profit announcement.
Facebook is having a bad day today down about 25% at the open.
 
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cove said:
Finally we bought Westpac at the open this morning after we speed read their profit announcement.
Facebook is having a bad day today down about 25% at the open.
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Expenses were up on Facebook 11% of accounts were doubles, Twiggy launching legal action against Facebook won’t help.

Looks like Westpac is worth a look.
 
@SydneySwan you are doing better than us. Paying $20.60 got us closer to breakeven.
We went for Rubicon Water today.
It was an interesting day on the ASX considering the US market had several that got hit.
 
We are getting bought out of SYD and not complaining. International flights are starting in earnest in a couple of weeks.
Yes we got all the MAF we applied for.
 
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Webjet and a few other travel shares have gone up in the past 24 hours.

Also buying Webjet reminded me to update the postal address in CHESS, I had updated in 2015 but somehow still had the address for Fremantle on their system although I had changed the postal address.

The company post box I have been using for the past 22 years is not being renewed.

I used to get 10-20 letters a day now get about 5 a week.

I put a bid on some Westpac shares but didn't come off, I will keep watching.
 
Now the market in the US has factored in a 1% jump in interest rates by August so that is affecting the US share narket and there was quite a bit of volatility on Friday.
US inflation has really started to hit the world and we have price rises coming even for goods we considered to be commodities.
Air freight and sea freight remain difficult and expensive out of the US.
We do wish we had bought shares in sea freighters.
 
Pepper Money has plunged to a new 52 week (also all time due to its recent listing) low and looks set to continue downwards for now. I hope some of you heeded my warning about buying into the IPO.

MFG is also behaving as I thought it would, recording a new low of $16.14 last week. I can only see more downside here.
 
Yes you have to be careful buying anything from private equity. Adore Beauty and Pepper Money have not gone well price wise.
Anyone heard of a GST issue called FAT? Had not heard of it till yesterday. Trust my favourite tax investigator to know about it. If anyone wants an investigation we would be quite happy for you to borrow her……
It is interesting that Resimac went up 12 cents when Pepper Money is testing an all time low since listing.
With Pepper Money there is an overhang Private Equity potential seller.
We were buying Mineral Resources after they dropped due to a tough quarterly report and no interim dividend.
 
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Today we were buying Cedar Woods and Codan as both were pretty cheap.
Managed to get 0.7305 on the US Dollar out of an option play. We need to get currency up to lower inflation on our imports.
 
Getting a visit from 2 brokers from the Silver Donut today. We get their news updates but nothing much else.
Have a dozen gold shares so it may not all be red on screen today.
We averaged down on APM but they may continue their slide.
 
Mr_Orange said:
MFG is also behaving as I thought it would, recording a new low of $16.14 last week. I can only see more downside here.
Click to expand...
Today sees a dramatic reversal. Will take a long time to get back to the prices for this stock we've seen in the last 12 months.

I'm pepared to hold for the long term.
 
Brokers have MFG as a buy. We think they may be correct.
Pepper Money is cheap if they make their prospectus forecast this week.
Both Resimac and Pepper should have pretty robust profits and dividends based on what we have heard about the mortgage markets.
 

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