AFF Member Stock Discussion

It is always nice to take a profit.
We will wait with our Uniti shares which is UWL as more bids may come.
Applied for some BOSS shares yesterday.
In the US the Fed has raised interest rates for the first time since 2018 as inflation is raging over there.
This week oil prices are back to about $95 USD a barrel so petrol pump pain may ease a bit in a couple of months.
 
We bought more Pepper Money which is PPM as they are now with a price earnings of under 5. That is attractive for a well managed business.
Very disappointed with Codan price but it confirms we are not infallible in stock selection. We will be patient.
Cromwell is a few days away from giving us another quarterly distribution. We have enough to cover off our cost of living.
Have taxes to pay over the next 8 weeks so that will be a priority. This past year seemed to be more challenging.
 
We have HLA already. It hasn’t been a winner so far. About to get 2 cents in a dividend to save the day.
 
Well a lot of stocks went up today so it was stacks of green on our screen.
Tomorrow it will probably be mostly red.
 
stacks of green on our screen

love these days...

Oh yes...it is all rubbish and tomorrow the world may end.. but its nice while it lasts
 
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Bid for some Tietto this morning In their placement.They will be producing gold before the end of 2022.It is Ivory Coast so there is a country risk. We are already shareholders. Hopefully Ivory Coast doesn’t have a military coup or two.
Westoz and Ozgrowth are now close to being taken over so their latest price indicates Wilson Asset will get these two.
Pepper PPM moved up before we had finished loading up.
A fundie thinks Firefinch is way undervalued. We hope he is correct as we have many.
Took the Resimac shares in lieu of the cash in their dividend re-investment @$1.58 instead of the 4 cents per share.
Cromwell CMW declared another quarterly 1.625 cent distribution.
 
Received the Tietto allocation on Saturday from Petra Capital.
Hopefully the Ivory Coast country risk is modest.
By the way we won’t do anything in Myanmar nor a couple of other countries.
 
Today we did a bid for Carnarvon which is CVN. Priced at 30 cents we went for it thru one of our brokers. We think it will be rushed but we don’t always get it correct.
 
Today we did a bid for Carnarvon

This is topical in connection with recent discussions about "Sophisticated Investors".

In a micro second of temporary madness , I recently had my accountant register us.
The broker then said , oh but we have our own system.. we are happy to register you...but.. why are you bothering ?
You are conservative investors with a strong stable portfolio and we advise you appropriately….. why would you want to chase rainbows?
I had no glib answer to that and said I would get back to him...

It seems that there is no imperative for this "qualification" if one normally uses a registered broker….UNLESS.. one wishes to participate in wholesale and institutional offerings such as the one noted above by Cove.

We hold a range of Hybrids and an earlier comment about Comsec refusing access to Hybrids .. appears incorrect...
 
The Carnarvon issue was being handled jointly by Barrenjoey in Sydney and Euroz in Perth. CVN had another oil strike to add to the Dorado hit so we were keen to add to our holding. They are not at a final investment decision but with Santos as their partner it has a reasonable chance for CVN.
 
tgh said:
We hold a range of Hybrids and an earlier comment about Comsec refusing access to Hybrids .. appears incorrect...
Click to expand...

I called Commsec about the Commbank PEARL reinvestment offer and they told me that unless I am a sophisticated investor, I am not allowed to participate even for reinvestment and being a current Commsec customer. If they are wrong let me know so I can find another broker and lodge a complaint about Commsec.

Edit: According to this: https://www.commbank.com.au/content...ocs/PERLS-XIV-target-market-determination.pdf

You are right that Commsec is wrong and it is possible for retail investors to participate as long as they get personal financial advice. I will be having a call with Commsec tomorrow because they never told me this option and insisted that being wholesale investor is the only way I could have participated in the offering.
 
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Interest rates are heading higher so be careful buying any long term fixed interest product.
Budget tonight should reveal just how tight the labour market is with so few workers of pensionable age still working.
i am wondering if my pet tax investigator has almost finished looking into our family finances. We filed our 2021 tax returns this week a full 3 days before the deadline.That was a big relief.
i did two bids for Carnarvon and I am waiting to hear how we went.
 
We have just been offered some short term real estate funding at < 2%
I recall being quite ecstatic when borrowing from the Commonwealth Development bank at a measly 17% … everyone else wanted 22…..
There will likely be massive withdrawal symptoms ( and some deals on chattels ) as the free candy disappears and rates normalise
 
There may be a very large franked dividend that BHP will pay once the deal with Woodside gets completed. Am unsure that the share price will drop by the amount of this per share dividend because BHP has lots of franking credits that will make a huge dividend possible.
 
cove said:
There may be a very large franked dividend that BHP will pay once the deal with Woodside gets completed. Am unsure that the share price will drop by the amount of this per share dividend because BHP has lots of franking credits that will make a huge dividend possible.
Click to expand...
All other things being equal, or adjusting for a daily sector market fluctuation, I find that a company's share price on going ex on dividend date, the effective share price reduction = (dividend + franking cr -15%). Not coincidentally super funds pay income tax on dividends at 15%.
 
Converted our Core Lithium options to shares @ 45 cents and have held onto them.
Firefinch and Calidus have both run nicely.
No one rings a bell to get you to sell but it is tempting.
 
cove said:
There may be a very large franked dividend that BHP will pay once the deal with Woodside gets completed. Am unsure that the share price will drop by the amount of this per share dividend because BHP has lots of franking credits that will make a huge dividend possible.
Click to expand...
BHP - one of my portfolio faves - gift that keeps on giving
 

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