AFF Member Stock Discussion

[odysseus]

You could consider cutting your loss

why on earth would I do that ! …t'would be a dummies play to sell now
There is no actual loss, just a valuation hiccup...they will recover in time and in the Interim will move heaven and earth to prop up the dividend stream ( and the share price)

The financial news isn't in yet, but it's not a valuation hiccup.

There is both (1) brand damage and (2) financial costs to both remediate the security damage to customers, plus to improve data security with (3) exposure to increased government regulation and potential fines.

None of the financial impacts of the above are yet known but they are >0, so this will cause volatility as people make their own assessments. These all have financial impacts though on both p/l and balance sheet, not just valuation.

 

[Buzzard]

An 18% drop for MPL is a big drop.

 

[Dr Ralph]

An 18% drop for MPL is a big drop.

Fairly steady so far this morning.

I've gone back in for some more @$2.77.

 

[daft009]

still up from the IPO price of ~$2

 

[cove]

Did not have cyber insurance…..Lots of claims of damage will come from that.
We are not happy about all the info getting taken. No company is safe these days without the back up of cyber insurance.

 

[MARTINE]

Did not have cyber insurance…..Lots of claims of damage will come from that.
We are not happy about all the info getting taken. No company is safe these days without the back up of cyber insurance.

Agreed. I am a Mediprivate customer - not impressed by my details being hacked

 

[Kerrodt]

Did not have cyber insurance…..Lots of claims of damage will come from that.
We are not happy about all the info getting taken. No company is safe these days without the back up of cyber insurance.

Having insurance is no excuse for not having proper internal controls, monitoring, processes and procedures in place to prevent a hacker from getting into your systems.

A hacker won’t walk away from your systems if you simply have insurance.

And once your data is stolen, it’s gone for good, irrespective of how great an insurance policy you think you might have.

And finally, the corporate insurance policy is unlikely to have any compensation or protection for the consumer/customer who will suffer the long term effects of having their personal data stolen by a company they entrusted it with.

 

[cove]

Yes @Kerrodt many businesses try hard to keep hackers out as well as having insurance. Medibank Private may not have had either.
We don’t know how many Medibank Private customers are currently in the departures lounge. That number will not be zero.

 

[SydneySwan]

Yes @Kerrodt many businesses try hard to keep hackers out as well as having insurance. Medibank Private may not have had either.
We don’t know how many Medibank Private customers are currently in the departures lounge. That number will not be zero.

And you can expect that the competitors will be sharpening their offers to entice them on board. The quality of the membership will decline - the long-term ill who cost way more than their premiums will be sticky but the profitable customers (those who claim much less than their premiums) are much more likely to fly to a competitor.

 

[Kerrodt]

And you can expect that the competitors will be sharpening their offers to entice them on board. The quality of the membership will decline - the long-term ill who cost way more than their premiums will be sticky but the profitable customers (those who claim much less than their premiums) are much more likely to fly to a competitor.

Yes. Medibank already had that problem with a membership base skewed towards the elderly vs. the membership profile of the rest of the industry. And the elderly were stickier in comparison too. So the double-whammy.

 

[cove]

Took up De Grey Share Purchase Plan tonight.
Global Lithium placement done.
Still losing on Codan.

 

[Dr Ralph]

Took up De Grey Share Purchase Plan tonight.

I don't hold De Grey, but do note that this was not a pro rata SPP offering. Shares offered at $1 each. Price today is around $1.08. Looks like a geat opportunity to make some quick money.

 

[moa999]

Came across this great piece. - Forbes headline only 15 years ago
Just goes to show business always has to be innovating and investing in R&D

Can Anyone Catch Nokia? - The Big Picture

Today’s edition of “Nobody Knows Anything” is about a once-dominant mobile phone maker. Exactly 15 years ago, Forbes’s new cover story lauded Olli-Pekka Kallasvuo, Nokia’s CEO. The headline trumpeted: “Nokia, one billion customers – can anyone catch the cell phone king?” It was posted online...

ritholtz.com

 

[one9]

Seems you're missing out on a signficiant thing here. I own 1 share in more than 100 different ASX listed businesses for very good reasons. Think SPP.

Do you buy any real estate trust stocks such as HPI or SCP in your portfolio of 1 stocks? If you do, do you find it trouble doing your tax return as they distribute trust income rather than dividends?

 

[Dr Ralph]

Do you buy any real estate trust stocks such as HPI or SCP in your portfolio of 1 stocks? If you do, do you find it trouble doing your tax return as they distribute trust income rather than dividends?

Yes, but this is not unique to just these stocks. Quite a number distrubute income as trusts/foreign income etc. The companies send tax statements to you at the end of the financial year and you'll need to complete the Supplementary section of the annual tax return (which I already do every year for capital gains). It's not much additional work.

 

[Mr_Orange]

Does anyone have any experience with Tiger Brokers? Thre is pretty decent cashback offer through Shopback but was wondering if there is anything I should be aware of before taking the plunge.

 

[Dr Ralph]

Does anyone have any experience with Tiger Brokers? Thre is pretty decent cashback offer through Shopback but was wondering if there is anything I should be aware of before taking the plunge.

Is it CHESS?

 

[Mr_Orange]

Is it CHESS?

No.

 

[Dr Ralph]

No.

Others may have an alternative view, but if there's no CHESS I'd be out.

 

[Mr_Orange]

Others may have an alternative view, but if there's no CHESS I'd be out.

Point taken, but it looks as though I don't actually have to make a trade to qualify for the cash back. I'm double-checking the fine print to be sure.